The International Air Transport Association (IATA) says the air freight markets experienced “modest growth” of 1.4 per cent in April, compared to the same month in 2012. It follows a 2.6 per cent decline in March and continues an 18-month trend of “basically no growth” in the cargo markets. “We saw a brief rally in cargo markets at the end of 2012. But that has clearly stalled. Fortunately, the small improvement in April means that economic conditions have not deteriorated to the point of starting a market contraction. And if we look to emerging markets – particularly Latin America and the Middle East – we do see some encouraging signs of growth,” commented Tony Tyler, IATA’s director general and CEO.