Christmas overspend flattens UPS earnings

  UPS reported “flat” fourth quarter earnings in the fourth quarter of 2014 compared with the same period in prior year. In fact, earnings per share, at $1.25, were identical to 2013, said the US-based express carrier. It blamed higher than expected peak operating expenses in its home market as the carrier sought to maintain delivery times - UPS delivered 1.3bn...

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Air Freight Volumes Show Solid Gains

  Air freight volumes continue to show solid gains on a year ago, supported by economic improvements in some regions, says IATA in its latest quarterly cargo chartbook. But high jet fuel prices and overall weakness in yields have kept cargo financial performance from improving so far this year, adds IATA. “Emerging Asia trade volumes have rebounded...

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