A collapse in trans-Pacific trade pushed cargo traffic for US airlines down 17 per cent in December representing the worst year for US air cargo carriers since 2001. Overall traffic for the airlines declined 3.2 per cent in 2008, according to the Air Transport Association (ATA), including a 5.5 per cent drop in domestic business and a 1.2 per cent in internationally. The drop last year reached its height in December with a 29.5 per cent decline in December cargo volumes, year-on-year. Despite a … [Read more...] about US air cargo plummets 17 per cent