Iata calls for transit time reduction of up to 48 hours
The International Air Transport Association (Iata) commenced its 8th World Cargo Symposium (WCS) in Los Angeles CA (USA) with a call for the average end-to-end transit time to be cut by up to 48 hours by the end of the decade. Currently the average end-to-end time for consignments is around six to seven days – a schedule that has not improved since the 1960s.
Opening the event, Des Vertannes, Iata's global head of cargo, set out a value-enhancement agenda for the current year. The focus will be on increasing the penetration of e-commerce and on raising the quality of the air cargo business. WCS has attracted a record attendance level of more than 1,000 delegates representing the entire spectrum of the airfreight supply chain.