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Memphis Losing Air Freight to Hong Kong

Hong Kong's rate of growth outpaced Memphis last year and the first part of 2008.

By John McCloud | Updated on July 23, 2008

ROSWELL, GA-Memphis International Airport, home to FedEx, remains the world’s busiest cargo airport, according to new rankings from Air Cargo World using numbers from Airports Council International. Hong Kong International, which is No. 1 for passenger transport, holds the second spot.

A second US airport, Anchorage International, held the No. 3 spot for cargo, largely on the basis of its role as a stop-over and transfer point. Seoul Incheon retained No. 4 despite a slowdown by primary carrier Korean Air. According to Air Cargo World, China figures strategically in Incheon’s fortunes not only because of a threat posed by Chinese airports as alternative gateways for Northeast Asia, but also because last year transshipment traffic for the first time surpassed origin/destination cargo, with China accounting for a large portion of transshipment volume.

In regard to growth, Shanghai Pudong was the world’s top market with a 15.5% jump in cargo volume for ’07. But looking back over the past three years, No. 38 Liege held top spot with a 20.6% increase in cargo volume, followed by Milan Malpensa Airport at 16% and Beijing Capital Airport at 15.8%.

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