UPS Reverses Capacity Cuts On Asia-US Flights

Discussion in 'The Latest UPS Headlines' started by cheryl, Nov 30, 2011.

  1. cheryl

    cheryl I started this. Staff Member

    UPS Reverses Capacity Cuts On Asia-US Flights - Wall Street Journal

    United Parcel Service Inc. (UPS) has reversed capacity cuts on key routes from Asia to the U.S. after a surprise slowdown in summer demand forced air freight companies to trim flying.

    UPS and rival FedEx Corp. (FDX) both saw a slowdown in international volume growth in July and August and some of Asia's major air cargo hubs saw double-digit declines in shipments, in part because of a drop in consignments of consumer electronics.

    "That was really isolated to the [third] quarter," said Mitch Nichols, president of UPS Airlines.
     
  2. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    Not worth bothering with - the WSJ requires you too join at $100 / year.