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BEIJING (Reuters) – Cathay Pacific Airways Ltd Chief Executive Rupert Hogg said he was “relatively confident” the air cargo market would pick up in the second half after a weak start to the year mens gold cufflinks. “We tend to do quite well in cargo but the volumes do go up and down due to general economic sentiment,” he told Reuters on the sidelines of a media event in Beijing on Wednesday. “I’m relatively confident that cargo will get stronger in second half this year.”..
The Hong Kong-based airline is one of the world’s largest cargo carriers and has previously said it was keeping a close eye on U.S.-China trade tensions. Cathay Pacific has said that its cargo volumes fell by 5.5 percent in the three months ended March 31, but that the decline was smaller in March than in January and February mens gold cufflinks. The International Air Transport Association last month nearly halved its annual forecast for traffic growth in the air cargo market to 2 percent, citing trade frictions, Brexit and anti-globalization rhetoric..
(Reuters) – At a truck stop in Ridgefield, New Jersey, driver Paul Richards reviews a notebook where he tracks miles driven and what he is hauling mens gold cufflinks. His paycheck is down about 25 percent from the same period a year ago, and his weekly miles have dropped as well. “This hasn’t been a very good week,” said Richards, who carries building materials and recycled goods through the U.S. Northeast. “Last week wasn’t, either.”. Across the United States, drivers, regional operators and industry officials say the $700 billion U.S. trucking sector slipped in late 2018, with the fall continuing into this year. While the decline in freight rates and hauling does not suggest the United States is headed into a recession, that softness is consistent with slippage in the economy as a whole..
The effects have been uneven nationwide, with weaker orders and miles in the U.S. Midwest and Southeast than on the West Coast, economists and regional officials said. Trucking accounts for 70 percent of U.S. shipment tonnage, and is key to supplying the manufacturing, construction and retail sectors, all of which showed sluggishness in the first quarter mens gold cufflinks. The most common factors for the decline include the U.S.-China trade war and weakness in the Farm Belt. An ACT Research index of truck carrier volumes that surveys about 60 fleets crossed into negative territory in November for the first time since July 2016. It briefly returned to positive territory in January but dipped again in February. It matches forecasts for a soft first quarter for U.S. gross domestic product, which is expected to come in at 1.8 percent growth, according to Reuters polling..
“Clearly, the economy is slowing down,” Kenny Vieth, president of ACT Research, said in a recent interview mens gold cufflinks. “When the economy moderates, the trucking industry can be exceptionally worse than the overall economy because of the deep cyclical trend that characterizes the industry.”. To be sure, another indicator, the American Trucking Associations tonnage index, is at a healthy level at 117.4, still far above recession-era levels between 2008 and 2012, when it remained below 90..