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Industry Report Card: Global Airfreight, Railroads, Transportation Leasing, And Trucking Jul 05
Standard & Poors, July 2005
Abstract North American airfreight companies are continuing to benefit from the favorable economic environment. Fundamentals for heavyweight cargo carriers are better than they have been in some time given healthy commercial demand and continuing solid military demand. Asian imports into the U.S. are a key driver of demand at the present time, and are likely to remain a catalyst for growth over the near to intermediate term. Small package express companies are continuing to see strong demand for ground services, which are likely to be the key driver of growth for this industry segment over the near to intermediate term. Favorable demand fundamentals, coupled with a continuing focus on efficiency improvement and yield initiatives, should lead to earnings and cash flow...
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