newstodate.aero
Nov 25, 2009 (newstodate): The Estonian airfreight market is down, and it will probably stay depressed also in 2010 and even beyond, says a leading forwarder.
-Volumes are down by 30-40 percent, compared to last year, and even with traffic peaking in November and December in 2009 as every year we are still much below earlier figures both in imports and exports, says Vallo Arumae, Balti Logistika CEO.
-Estonia is a small market and there is little we can do. Exporting industries here are mainly sub-suppliers to the international electronics and automotive companies that are all down in demand.
-Still, we are not pessimistic, rather realistic. We have managed to cut costs without cutting down on staff, and we expect to ride through next year also without any major changes. After all, a crisis has a dark as well as a brighter side; in booming times such as we saw in 2007-2008 everyone could enter the market and snatch a bite. This has changed.
-I expect that we will recover eventually from this time of crisis with a more healthy market, meaning that the stronger ones that have managed to rein in on expenditures and streamline their organizations will emerge even stronger and in better shape, while the weaker and under-financed competitors living on cut-rate offers will have been squeezed out. That will be a benefit to the market in the long run, says Mr Arumae
-Volumes are down by 30-40 percent, compared to last year, and even with traffic peaking in November and December in 2009 as every year we are still much below earlier figures both in imports and exports, says Vallo Arumae, Balti Logistika CEO.
-Estonia is a small market and there is little we can do. Exporting industries here are mainly sub-suppliers to the international electronics and automotive companies that are all down in demand.
-Still, we are not pessimistic, rather realistic. We have managed to cut costs without cutting down on staff, and we expect to ride through next year also without any major changes. After all, a crisis has a dark as well as a brighter side; in booming times such as we saw in 2007-2008 everyone could enter the market and snatch a bite. This has changed.
-I expect that we will recover eventually from this time of crisis with a more healthy market, meaning that the stronger ones that have managed to rein in on expenditures and streamline their organizations will emerge even stronger and in better shape, while the weaker and under-financed competitors living on cut-rate offers will have been squeezed out. That will be a benefit to the market in the long run, says Mr Arumae