The total value of international freight originating from and destined to Miami International Airport (MIA) in 2016 jumped 8% to $57.3 billion in 2016, according to recently released data by the US Department of Commerce.Largely responsible for the spike was pharmaceutical (pharma) freight, which surged 48%, year over year, to $4.4 billion. Since 2010, when the total value of pharma shipments was $1.8 billion, MIA’s pharma trade has grown by 140%.The growth in life sciences cargo reflects ...

After a fast start to 2015, global air cargo volumes grew just 1.8 percent year-over-year in May, according to market research firm WorldACD, but don’t blame perishables and pharmaceuticals. The two temperature-controlled segments — among the most lucrative because of the time-sensitive nature of their delivery — were the best-performing cargo classes during the month, and are at the forefront of air carrier plans to bolster revenue. One of those carriers is American Airlines, which opened a $5 ...