Cargo airlines losing out to ocean container carriers

Airlines have permanently lost out to ocean container lines as box carriers grab an increasing share of the freight that was previously moved by air, according to logistics and cargo executives.

Alfred Hofmann, the senior vice-president for sea freight in the Asia-Pacific at logistics giant Kuehne+Nagel, said the structural shift was permanent. "It's a trend that can't stop," he said.

via Business feed http://www.scmp.com/business/companies/article/1067537/cargo-airlines-losing-out-ocean-container-carriers