Airfreight division flying high for CFR

CFR Freight’s airfreight
division has ended its
financial year on a high,
says airfreight general
manager Dave Graham,
having achieved its highestever
volume growth.
“Last year was definitely
one of the most challenging
years in the history of
global airfreight – and on
the back of that we’ve had
a phenomenal year because
we’ve created products that
our clients need.”
The company has just
added Frankfurt and Los
Angeles to its portfolio
of named-day import
consolidation services
which now cover Hong
Kong, China, India, Europe
and the US east and west
coasts.
“Although airfreight
volumes may drop when
times are hard, there will
always be airfreight moving
– we have created products
in response to customer
demand,” said Graham.
“The Euro crisis has
hugely impacted global
airfreight numbers and
industry insiders are
predicting that it will be at
least another financial year
before things start turning
around.
“The global airfreight
market is a barometer of
the world’s economy. When
you consider what’s moving
by air around the world it’s
usually high-tech, highvalue
commodities – and
when those start drying up
you know things are tight.”
While CFR has not
ignored what’s going on in
the world, Graham believes
they’ve turned challenges
into opportunities.