Crisis Grinch Steals Christmas From Cargo Carriers: Freight - Bloomberg
Cargo carriers worldwide face a grim festive season as declining consumer spending in Europe eradicates the usual peak in airborne deliveries of goods ranging from mobile phones to top-end sports shoes.
A possible respite for cargo carriers this festive season may come in the form of a last-minute order surge prompted by changing shopping trends.
United Parcel Service Inc. (UPS), the largest package-delivery company and the No. 2 cargo carrier after FedEx Corp. (FDX), said it’s hoping for a jump in shipments from consumers who buy late online, predicting that 120 million packages will be delivered in the week before Dec. 25, 6 percent more than last year.
Cargo carriers worldwide face a grim festive season as declining consumer spending in Europe eradicates the usual peak in airborne deliveries of goods ranging from mobile phones to top-end sports shoes.
A possible respite for cargo carriers this festive season may come in the form of a last-minute order surge prompted by changing shopping trends.
United Parcel Service Inc. (UPS), the largest package-delivery company and the No. 2 cargo carrier after FedEx Corp. (FDX), said it’s hoping for a jump in shipments from consumers who buy late online, predicting that 120 million packages will be delivered in the week before Dec. 25, 6 percent more than last year.
