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The Latest UPS Headlines
UPS Reverses Capacity Cuts On Asia-US Flights
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<blockquote data-quote="cheryl" data-source="post: 907525" data-attributes="member: 1"><p><a href="http://online.wsj.com/article/BT-CO-20111130-710455.html" target="_blank"><strong>UPS Reverses Capacity Cuts On Asia-US Flights - Wall Street Journal</strong></a></p><p></p><p>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.</p><p></p><p>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.</p><p></p><p>"That was really isolated to the [third] quarter," said Mitch Nichols, president of UPS Airlines.</p></blockquote><p></p>
[QUOTE="cheryl, post: 907525, member: 1"] [URL="http://online.wsj.com/article/BT-CO-20111130-710455.html"][B]UPS Reverses Capacity Cuts On Asia-US Flights - Wall Street Journal[/B][/URL] 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. [/QUOTE]
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