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 [...]
Wall St Collapses
As you can well imagine I am dancing on the graves of Merrill Lynch and Lehman Brothers. For years I have written about the greed and avarice of big business and the antics of Wall Street. I enjoyed claiming that the N.Y. Mercantile Exchange and Wall Street traders were simply cowboys. Yesterday, I almost “threw [...]
Airport Security – A Mess
Thank you Mr. Norman Mineta for creating a bureaucracy which would emulate the days, thirty years ago, of how Idi Amin ran his banana republic, Uganda. The TSA, the money that has been thrown at it, the people it employs and its practices is exactly what you would expect if you lived in Mugabe’s Zimbabwe. [...]
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