On October 12 – 14, MIC Cargo CEO Edip Pektas will be joining global air cargo industry peers for IATA’s World Cargo Symposium. The IATA event, which has been delayed and rescheduled because of the pandemic, is one of the first chances for the industry to get together in person, and attendance by airlines and others is forecast to be strong as the importance of cargo to airline financial health draws increasing attention from a global audience of shippers and economists.
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MIC is looking forward to meeting many of our current airline clients in Dublin as well as making our case for why carriers flying to O’Hare International Airport should be using MIC Cargo’s ground handling services for their forwarder and shipper customers.
O’Hare is currently in the top 15 airports in the world for tonnage. The airport did just over 2 million tons in 2020, another consecutive all-time record despite a 50% decline in belly capacity. The airport is on track to exceed 2.5 million tons in 2021, shattering the record again. ORD is already the top airport in the Americas by value, processing over $200 billion in freight last year, according to the US Department of Commerce.
The conference takes place with the continued strength of air cargo performance in August and throughout 2021. Figures just released by IATA show that air cargo is up 7.7% year-on-year compared to 2019. (IATA is choosing to not utilize 2020 figures because of the volume and capacity distortion created by the pandemic). This torrid growth pace shows no signs of abating, even as headwinds of capacity constrain further growth opportunities.
While the news of the dropping of restrictions on travelers between the EU and the United States in November portends a return of passenger belly capacity, the question of “which comes first, the flights or the passengers,” will need to be answered by airlines. In the background, idled 747 freighter stock worldwide is being certified and put into service.
IATA World Cargo Symposium 2019 Highlights
MIC Cargo has ample ramp parking and warehouse space to take on both scheduled and ad-hoc freighter and charter flights as well as to become the nominated ground handler for airlines resuming passenger operations to and from Chicago.
Whether our 164,000 square foot import-only facility that receives cargo directly from arriving aircraft and delivers availability for BUP’s within in two hours and broken down cargo in eight hours or less or our export-only staging building that takes pallets planeside for departure, MIC Cargo has invested in the technology, facilities and a nearly 400-person strong workforce to deliver for our customers.
MIC’s customers are both the airlines who contract us and the freight forwarders who purchase space on those aircraft. From our GDP-certified pharmaceutical cooler, MIC is offering services to pharmaceutical shippers and freight forwarders including receiving, packaging and planeside transfer to departing passenger and cargo aircraft besides the ones we handle ourselves.
As MIC looks ahead to a peak season that could bring even more aircraft to our apron, we are eager to share in person why we are best positioned to help airlines looking to succeed in Chicago.
Don’t miss your chance to talk with us in Dublin. Schedule your meeting with Edip today.