Headwinds for air freight. (Air cargo industry hit with stiff cost increases) From: Purchasing | Date: March 7, 1991| Author: Bradley, Peter | COPYRIGHT 1991 Reed Business Information. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Air cargo industry hit with stiff cost increases in middle of service enhancement drive

Late 1990 and early 1991 provided unfriendly skies for the air cargo industry.

Carrier costs jumped when jet fuel prices soared as a result of the crisis in the Middle East. At the same time, the economy provided little growth and a lot more cost-conscious transportation buyers.

Alex J. Milovic, president of forwarder Right-O-Way, says of 1990: "The two issues w...