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           It was perhaps inevitable that the 
        swift and dramatic response of air cargo during 2020 and 2021 has offered 
        logistics dividend celebrity as a “glamour industry.” Even 
        Boeing is selling freighters having announced a “December Surprise” 
        this week from UPS of a reported 160 new and used” B767 freighters. 
             UPS has often arrived at Boeing’s 
        door on a white horse and in some cases even saved the day, like once 
        when Big Brown bought a couple B747-8Fs that we recall kept that production 
        line open. 
             You could hear the sigh of relief all the 
        way from Seattle. 
             Right now an assortment of crystal-ball 
        gazers whose official positions presumably endow them with rare divinatory 
        powers are pouring over results from 2021. 
             Flushed by the cargo industry’s recent 
        impressive advances, well-regarded personalities—emboldened by growth 
        rate statistics and swept up in the excitement of chatting up cargo while 
        strapped in first class—have donned the conical hat of the seer, 
        predicting a phenomenal future for air cargo. 
             Bill Boesch has always been the common sense 
        voice in the throng. From the early days at Seaboard World and at Pan 
        Am Clipper Cargo; serving as President of American Airlines Cargo for 
        Bob Crandall, as logistics specialist at Operation Iraqi Freedom where 
        he was recognized with the USA Medal of Freedom for his dedication and 
        service, and most recently as a key player at Operation Warp Speed, Bill 
        Boesch for more than a half a century has been in the thick of the movement 
        to advance air cargo at the airlines wherever he has served. 
      
         
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           For air cargo 2021 was a year of change. 
             The virus catalyzed air cargo and freighters 
        into the limelight. 
             While that has been continuing, air passengers 
        are slowly coming back in fits and starts and hence thebelly capacity 
        that normally accounts for about 60 to 70% of overall air cargo lift has 
        been slow to recover. 
             At the same time the various COVID-19 attacks 
        have altered consumer purchasing patterns from retail brick and mortar 
        stores to internet as millions have migrated to online shopping, giving 
        dramatic rise to cargo companies like Amazon, FedEx and UPS. 
             That was the bright side for air cargo for 
        2021.  
             But like Star Wars, a dark force is at work 
        here at the same time.  
             Air Cargo freighters are expensive to operate 
        driving rates upward.  
             At the same time many old line retail companies 
        have gone out of business while others have had to reduce their number 
        of retail operations as people have stopped going to work for fear of 
        becoming sick. 
             That situation continues not helped much 
        by governments ongoing compensation offerings replacing paying jobs that 
        over time has the net effect of weakening several countries economies. 
             The passenger airlines continue to suffer 
        despite governments who were already not subsidizing them continuing to 
        providing financial assistance to keep them alive.  
             The big question is not what nor why 2021 
        happened, but what will happen to air cargo and freighters ahead in 2022 
        to 2025? 
             My holiday wish for everyone is that whatever 
        lies ahead helps promote world peace so that our children and grandchildren 
        live a life in a safe and prosperous world. 
         
        Bill Boesch 
        President & CEO 
        Cargo Logistics Solutions 
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