Brazil market looks promising

The airfreight division of independent consolidator CFR Freight has developed a healthy balance of import and export traffic, with the US and China its biggest import markets. “We also have healthy import volumes from the Benelux countries and Germany,” general manager – airfreight, Dave Graham told FTW. A significant move by the Air Cargo Group, CFR’s worldwide network partners, is the decision to hold its annual conference in Buenos Aires in March next year. This is intended to cast the group’s focus on this emerging economy. Not only is it significant in terms of South Africa’s growing trade relations through the BRIC (Brazil, Russia, India, China) agreement, but in light of the next Soccer World Cup being held in Brazil, volumes are expected to grow dramatically over the next five years. “And thanks to our very good partner agents in the region, we’re confident of getting our share of the pie.” Africa remains the largest market for exports, says Graham. “We’re able to offer a DDU (Delivered Duty Unpaid) service into 13 African countries – and we’re doing a lot of crosstrades, a service that is increasingly in demand.” CFR Airfreight’s growth was recently recognised in the form of a British Airways Top Customer Award in the general cargo category.