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[Article] US air freight links crucial - IEA

  • 31-08-2005 7:12am
    #1
    Victor
    Registered Users, Registered Users 2 Posts: 78,523 ✭✭✭✭


    http://www.rte.ie/business/2005/0830/exporters.html
    US air freight links crucial - IEA
    August 30, 2005 12:25

    The Irish Exporters' Association has called on the Government to safeguard the future of air freight links to the US against any future change in policy by Aer Lingus.

    Chief executive John Whelan said air freight capacity had been severely damaged last year after Aer Lingus's decision to truncate its freight routes to the UK, Europe and its connections to Asia. He added that the Government had taken no initiatives to encourage the creation of replacement capacity.

    He was speaking as the association published its analysis of trade and transport for 2004, which showed that 67% of exports transported by air went to the US, while 48% of air freight imports came from the US.
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    The IEA report showed that the volume of international trade in and out of the country rose by 10% compared with the previous year, though the value of trade was up just 3.5%.

    The IEA said there was a huge imbalance between imports and exports, with import volumes almost three times higher, and that this was putting pressure on infrastructure.

    Mr Whelan called for a rethink of Government strategy on air, sea and rail freight development. He said capacity was running out as seaports, but Dublin Port development was being blocked by planning delays, while Cork and Waterford needed extra funds. Mr Whelan said it was likely that less than half of the €180m proposed under the National Development Plan would be invested in seaports.


Comments

  • #2
    Thomond Pk
    Closed Accounts Posts: 449 ✭✭Thomond Pk


    He is right air cargo links are vital for higher value goods that have the potential for the 0.5% per day in transit insurance premiums to exceed the cost of air freight charges e.g. Container leaves Portland with a journey time of 25 days cost of insurance 12.5% vs .cost of air freight at a major hub at 6-8%. When one flys into Schipol or Frankfurt it is easy to see why they have developed huge air cargo flows due to their very high grade facilities instead of the sheds that were built in 1988 (with EU grant aid) that pass for this essential business support for higher end commerce.

    On sea ports he raises some very valid points; new container capacity is urgently required on the East Coast or else some form of incentives are required to encourage more freight to be landed at Waterford, Cork, Rosslare and Greenore.


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