AIRLINES SEE LITTLE HOPE OF BETTER TIMES AROUND THE CORNER
There is no question that those who hoped for V instead of a U turnaround, they are now roundly disappointed. Many leading economists are still arguing whether the step economic decline has bottomed out or there is still some way to go. I don’t believe the run up of stock prices on Wall Street has [...]
QUIET APRIL FOR CII
Airfreight volumes still continue to decline with some trade lanes in free fall. Cathay Pacific has announced it is reducing freighter capacity by 11% and many other combination carriers will follow suit. The other day I found in a drawer the 2005 Boeing report on airfreight trends. 2009 was all about double digit growth with [...]
MR OWENS CEO OF CATERPILLAR, TO HELL WITH YOU!
I hold Caterpillar as the Rolls Royce of earthmoving machinery and a great American corporation, but if I see that jerk CEO, James Owens pontificating how his and every other business that exports will suffer if we adhere to the current policy of the stimulus package involving buy America only. Once the greatest steel maker [...]
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