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Crisis Grinch Steals Christmas From Cargo Carriers: Freight
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<blockquote data-quote="cheryl" data-source="post: 906926" data-attributes="member: 1"><p><a href="http://www.bloomberg.com/news/2011-11-28/crisis-grinch-steals-christmas-peak-from-cargo-carriers-freight.html" target="_blank"><strong>Crisis Grinch Steals Christmas From Cargo Carriers: Freight - Bloomberg</strong></a></p><p></p><p>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.</p><p></p><p>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.</p><p></p><p>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.</p></blockquote><p></p>
[QUOTE="cheryl, post: 906926, member: 1"] [URL="http://www.bloomberg.com/news/2011-11-28/crisis-grinch-steals-christmas-peak-from-cargo-carriers-freight.html"][B]Crisis Grinch Steals Christmas From Cargo Carriers: Freight - Bloomberg[/B][/URL] 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. [/QUOTE]
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