Security Issues Facing Air Cargo Industry - 1486 Words

Security Issues Facing Air Cargo Industry Air cargo industry is one of the most important elements in the transportation industry since it is responsible for transporting more than 35 percent of the value of total international trade, which accounts for more than $5.1 trillion. The air cargo industry, which is commonly known as air freight industry assists in capitalizing economic prosperity for nearly every country. The significance of this industry is evident in its role in stimulating business travel for every airline and serve as the leading economic signal for business and financial analysts. The air cargo industry has become important across the globe because of the need for increased connection in a fast-evolving global economy. Despite the significance of the air cargo industry, it has faced several security issues given the increase of security challenges across the globe. Actually, some of these security issues that the air cargo industry faces are attributed to the se curity concerns and issues facing aviation industry. Overview of Air Cargo Industry Air cargo can be described as anything other than individuals or personal baggage that travels by air. Air cargo is regarded as the latest addition to the freight industry unlike other ways of freight transportation like rail, ship, and surface vehicles. The industry was started right after World War I and has developed to become a necessary segment of the world’s global economy. 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