A key indicator of how express, logistics and air cargo freight markets are performing are global personal computer shipments with technology consultancy, the Gartner group estimating that in the second quarter of 2009 PC shipments in Western Europe totalled 13.3 million units, a 3.3 per cent decline from the same period in 2008. All three major markets – the UK, France and Germany – saw negative growth and Gartner believes that the decline is set to continue for the … [Read more...] about EUROPE & CIS: Euro PC shipments down 3.3% in Q2
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JAPAN: Japanese air cargo drop slows in April
Japan’s two largest airlines – Japan Airlines (JAL) and All Nippon Airways (ANA) – saw their international cargo volume decline again in April on a yearon- year basis amid the global economic slump, but the contraction was the lowest in five months. Japan Airlines, Asia’s biggest air carrier, said its international cargo volume declined for the ninth consecutive month in April, plunging 28.7 per cent to 39,795 tonnes, an improvement over March when … [Read more...] about JAPAN: Japanese air cargo drop slows in April
US air cargo volumes drop 21% in Q1
US carriers have reported their worst quarter for cargo ever, in the first three months of 2009, recording a 21.1 per cent decline in traffic despite some signs of growing demand late in the quarter, according to the Air Transport Association. The carriers saw traffic fall 20.9 per cent in March from the same month a year ago, but traffic measured in cargo ton miles grew 11.7 per cent from February to March - the first month-on-month increase the US carriers have seen since October. Traffic in … [Read more...] about US air cargo volumes drop 21% in Q1
ST Aerospace sees 57% drop in Q1 profit
Singapore Technologies Aerospace (ST Aerospace) has reported a 57 per cent decline in net profit to S$27.4 million (US$18.5 million) for the first quarter 2009 compared with the year-ago period. On a quarter-on-quarter basis, profit was down 30 per cent from the fourth quarter of 2008. Turnover was down marginally by 2 per cent for the first quarter, year-on-year, to S$459 million. … [Read more...] about ST Aerospace sees 57% drop in Q1 profit
