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Antitrust: EC carries out inspections at airlines
- BRUSSELS, Mar 11 (WorldACD) - The European Commission has confirmed that on Tuesday (March 11, 2008) its officials carried out unannounced inspections at the premises of a number of international airline passenger carriers.
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UPS paints gloomy economic picture
- NEW YORK, March 12 (WorldACD) - Citing worsening economic conditions package delivery company UPS Inc said on Wednesday its U.S. volumes were down in February, which could make it hard to meet its first-quarter earnings outlook.
"If these trends continue through March, our earnings guidance for the first quarter will be difficult to achieve," Chief Financial Officer Kurt Kuehn said.
Atlanta-based UPS said that while U.S. volumes declined virtually across its "entire customer base" in February, its international volumes, including U.S. export volumes, continued to show strong growth. Kuehn also said that the company's international and supply chain units looked likely to meet first-quarter targets.
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TREND – Cargo traffic increases in Jan - AEA
- BRUSSELS, Mar 13 (WorldACD) – Figures from the Association of European Airlines (AEA), which groups around 30 airlines, reveal that freight traffic carried on scheduled services increased by 4.2 pct in January on the previous year.
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