Did you maybe mean airfreight?
“The company missed earnings estimates last quarter for the first time in five years as margins tumbled on higher supply and air-freight costs.”
“UPS and FedEx Corp., which are the world's largest air-freight carriers, haven't ordered the 747-8F, and both canceled deals to acquire the larger Airbus A380 freighter, effectively killing the cargo version of the world's largest passenger airline.”
“Susan Rosenberg , a United Parcel Service Inc. spokeswoman, said Friday that the shipping giant hasn't seen any big changes in air-freight demand since it added some Europe-to-Asia flights over the summer to accommodate activity.”
“Boeing Co. plans to deliver the first of its new 747-8F cargo planes next month after a lengthy delay—just as the global air-freight market is softening.”
“Executives of Atlas Air Worldwide Holdings Inc., which hopes to receive the first of its 747-8Fs in October, said earlier this month that delayed shipping by retailers amid the uncertain economy could help international air-freight carriers.”
“Nike has also said it aims to raise prices to offset the rising cost of raw materials such as cotton, as well as higher labor and air-freight costs.”
“The athletic apparel maker, which posted a 5.2% increase in its fiscal third-quarter earnings, said because of rising oil, cotton, labor and air-freight costs, its gross margins will continue to lag in the near team.”
“The boosted inventory will help reduce its air-freight costs, which have risen as Nike has increasingly turned to air shipping to get its products from factories to stores in time to restock its most sought-after products.”
“Global airline-industry earnings are projected to fall 29% to $4.9 billion next year, driven by a near-collapse in Europe and an air-freight market that isn't expected to recover until midyear.”
“Brandon Fried , executive director of the Airforwarders Association, said recent air-freight demand clearly has been disappointing.”
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