Washington State Air Cargo Forecast ........................... 11 3.1 OVERVIEW ................................................................................................................. 11 3.2 RECENT MARKET TRENDS AFFECTING AIR CARGO ................................ 11 3.2.1 Global Economic Trends .................................................................................................. 11 3.2.2 Washington State Economic Trends...................................................................... 12 3.2.3 World Air Cargo Trends .................................................................................................... 13 3.2.4 Industry Forecasts of Air Cargo Activity ................................................................ 13 3.3 FORECAST OF AIR CARGO FOR WASHINGTON STATE ......................... 14 3.3.1 Introduction ............................................................................................................................. 14 3.3.2 Forecast Summary .............................................................................................................. 14 Facility Requirements .......................................................... 16 4.1.1 Methodology ........................................................................................................................... 17 4.1.2 Findings....................................................................................................................................... 17 Air Cargo Congestion ...........................................................20 Evaluation of How to Use Existing Capacity Across the State ..................................................................... 22 6.1 INTRODUCTION ...................................................................................................... 22 6.2 BASIC COMPONENTS NEEDED TO ATTRACT & MAINTAIN AIR-CARGO AIR SERVICE .................................................................................. 22 6.2.1 Airport Market Area Requirements ........................................................................ 23 6.2.2 Airport Location Requirements for Integrators ............................................. 23 6.2.3 Airport Infrastructure Requirements .................................................................... 24 6.2.4 Financial Environment .................................................................................................... 25 6.2.5 Operational Freedom ....................................................................................................... 26 Final Report December 21, 2018 | P a g e CONTENTS (continued) 6.2.6 Highlights of Basic Components Needed to Attract Air Cargo Service ......................................................................................................................................... 26 6.3 BEYOND THE BASICS ...........................................................................................27 6.4 ASSESSMENT OF OPPORTUNITIES ................................................................27 6.4.1 Chartered Traditional All-Cargo Airlines ............................................................. 28 6.4.2 Scheduled Traditional All-Cargo and Passenger Belly-Cargo Airlines ........................................................................................................................................ 30 6.4.3 Integrator/Express All-Cargo Airlines .................................................................... 32 6.4.4 Third-Party Logistics Companies /Distribution Centers ........................... 33 6.5 CONCLUSIONS ........................................................................................................ 36 Recommendations and Implementation Strategies ................................................................................... 38 7.1 PURPOSE, VISION, GOALS AND OBJECTIVES ........................................... 38 7.1.1 Purpose ...................................................................................................................................... 38 7.1.2 Vision............................................................................................................................................ 39 7.1.3 Strategic Goals ...................................................................................................................... 39 7.1.4 Air Cargo Strategic Objectives ................................................................................... 40 7.2 RECOMMENDATIONS .......................................................................................... 40 7.2.1…Open full document
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Washington State Air Cargo Movement Study December 2018 WSP KPA