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.