As the global economic crunch continues to depress the air cargo industry, All Nippon Airways (ANA) has moved to scale back its freighter operations. The Japanese carrier has cancelled a wet-lease contract for two B767-300 freighters with the Air Transport Services Group, leaving ANA with four 767-300 freighters plus one 767-300BCF. The carrier has six more 767-300BCFs on order. The carrier has, like virtually all its competitors, has seen volumes decline nearly 20 per cent since late last year, reporting a 19.4 per cent decline in March, inline with previous months. February saw the largest decline with a 26.1 per cent drop.