Sluggish international air freight activity is not good news for the world economy, according to a new report from the Organisation for Economic Co-operation & Development's (OECDs) International Transport Forum (ITF). The ITF Transport Outlook 2015 noted that air freight tonnes transported to and from the European Union (EU) and the United States declined strongly after the financial crisis of 2008, then rebounded quickly, reaching its pre-crisis peak again by early 2010. "However, since 2011, cargo volumes for both EU27 [the EU member countries] and the United States have stagnated slightly at below pre-crisis levels. Air freight, considered as a lead indicator, suggests further uncertainty in economic growth, particularly in the EU."
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