Mr. Campbell: The companies don't say as much as they did a number of years ago because of full disclosure in the investment community. But there certainly is a lot of data that doesn't come from the companies that is helpful in looking at the economic picture and figuring out what's happening.
TWST: What is that data telling you at this point?
Mr. Campbell: The data coming from global air cargo markets indicates a recovery, indicates that there may be a seasonal peak this year beginning in September; it actually started at the end of August. That cargo peak was not there last year. It doesn't mean that we have an increase year-to-year in freight just yet, but we are, of course, getting smaller decreases in cargo tonnage in most areas of the world. We do have increases in cargo tonnage year-to-year in the Middle East, in Dubai. It is one of the largest terminals in the world. We are beginning to get increases in the Asia-Pacific region year-to-year in some directions and in some markets, but overall, air cargo is still down.
Tickers included in this excerpt: CNW, EXPD, FDX, FWD, UPS
For more information call (212) 952 7433. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.