Figure 7 Worldwide Overseas Oceanborne and Air Cargo by Weight: 1995-2007
Figure 7
Worldwide Overseas Oceanborne and Air Cargo by Weight: 1995-2007
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SOURCE: U.S. Department of Transportation, Research and Innovative Technology Administration, Bureau of Transportation Statistics, based on data from various sources. Oceanborne cargo-United Nations Conference on Trade and Development, Review of Maritime Transport, various issues, available at www.unctad.org/rmt as of Oct. 3, 2009. Air cargo-International Civil Aviation Organization (ICAO), special tabulations, Sept. 28, 2009.
- By weight, air carriers carry less global merchandise trade than ocean vessels. Air carriers transport high value-per-ton commodities. During the past decade, however, the tonnage of air cargo transported globally grew at a faster rate than total oceanborne cargo.
- Air cargo tonnage grew as demand for international express traffic increased and shippers sought more time-definite deliveries. While ocean carriers provide lower transportation costs, air carriers provide faster delivery times.
- Containerized cargo, a segment of the maritime industry that, like air cargo, includes high value-per-ton goods, grew faster than air cargo and total oceanborne cargo during this period.