4 400's deferred?
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4 400's deferred?
News from one of the industry notice boards has Atlas Air deferring delivery of the 4 747-400's due in 2002. No details is this will lead to cancellation, or just a delay of accepting the aircraft. So far Atlas mgt. have not acknowledged any new developments in aircraft delivery schedule's. Anyone at Atlas heard this?
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Maybe the recession has its part to play...
Air-cargo volume fell 9.3% in July, its steepest decline since the economic slowdown began last year, as companies moved fewer supplies and finished products or shifted those deliveries to slower-moving trucks.
The Air Transport Association, the main trade group for U.S. carriers, said scheduled air-freight traffic declined to 1.81 billion revenue ton miles in July from two billion a year earlier. A revenue ton mile is one ton of revenue-generating freight moved one mile. The results reflect world-wide air-freight volume at 17 carriers, including FedEx Corp. and United Parcel Service Inc.
The slide is another bad sign for the economy, because air-cargo carriers are an increasingly important link in global supply chains. Such airlines are crucial for just-in-time deliveries, but the economic malaise is causing many companies to shrink production and inventory levels, which in turn saps air-delivery volume. "It's an ugly number," said Donald Broughton, an analyst at A.G. Edwards & Sons Inc. in St. Louis. "We continue to call for a rebound in tangible-goods flow in the U.S. economy, and we continue to be disappointed."
July's results were the sixth consecutive monthly decline in air-freight traffic, the ATA said, though the decline was only slightly steeper than the 9.2% drop in air-cargo volume in June. One other tiny bright spot: U.S. air-freight volume fell 11.4% in July to 865.9 million revenue ton miles, compared with June's decline of 13.8%. But traffic in international cargo operations fell 7.4% to 947.4 million revenue ton miles. Such shipments slipped only 4.4% in June compared with a year earlier, the ATA said.
The latest results show that the workhorses of the nation's delivery industry face a worrisome outlook as they prepare for the crucial year-end shipping season. About one-third of UPS's total profit in the past three calendar years came in the fourth quarter. Atlanta-based UPS, which moves about 5% of U.S. economic output at any time, has said it sees no convincing signs of an upturn.
As shipping customers continue to tighten their belts, at least some companies have been steering their shipments onto lower-priced trucks, which also hurts air-freight carriers. "Truck freight looks like it has found a bottom," Mr. Broughton said, adding that previous trends in that industry usually were followed six or nine months later by similar shifts in air deliveries. "I will feel a lot better about things when it looks like air freight has found a bottom."
Air-cargo volume fell 9.3% in July, its steepest decline since the economic slowdown began last year, as companies moved fewer supplies and finished products or shifted those deliveries to slower-moving trucks.
The Air Transport Association, the main trade group for U.S. carriers, said scheduled air-freight traffic declined to 1.81 billion revenue ton miles in July from two billion a year earlier. A revenue ton mile is one ton of revenue-generating freight moved one mile. The results reflect world-wide air-freight volume at 17 carriers, including FedEx Corp. and United Parcel Service Inc.
The slide is another bad sign for the economy, because air-cargo carriers are an increasingly important link in global supply chains. Such airlines are crucial for just-in-time deliveries, but the economic malaise is causing many companies to shrink production and inventory levels, which in turn saps air-delivery volume. "It's an ugly number," said Donald Broughton, an analyst at A.G. Edwards & Sons Inc. in St. Louis. "We continue to call for a rebound in tangible-goods flow in the U.S. economy, and we continue to be disappointed."
July's results were the sixth consecutive monthly decline in air-freight traffic, the ATA said, though the decline was only slightly steeper than the 9.2% drop in air-cargo volume in June. One other tiny bright spot: U.S. air-freight volume fell 11.4% in July to 865.9 million revenue ton miles, compared with June's decline of 13.8%. But traffic in international cargo operations fell 7.4% to 947.4 million revenue ton miles. Such shipments slipped only 4.4% in June compared with a year earlier, the ATA said.
The latest results show that the workhorses of the nation's delivery industry face a worrisome outlook as they prepare for the crucial year-end shipping season. About one-third of UPS's total profit in the past three calendar years came in the fourth quarter. Atlanta-based UPS, which moves about 5% of U.S. economic output at any time, has said it sees no convincing signs of an upturn.
As shipping customers continue to tighten their belts, at least some companies have been steering their shipments onto lower-priced trucks, which also hurts air-freight carriers. "Truck freight looks like it has found a bottom," Mr. Broughton said, adding that previous trends in that industry usually were followed six or nine months later by similar shifts in air deliveries. "I will feel a lot better about things when it looks like air freight has found a bottom."
