Domestic flight activity for express air parcel companies, led by FedEx, inched up in August, with the group performing better than normal for the time of year, according to research by transport analysts at Morgan Stanley. But the express carriers are still flying less than they were a year ago because of weak shipping demand.
Market reporting agency WorldACD said on Saturday that express shipments were down 17% from January to August versus the same period in 2022.
The reports underscore how...
https://www.freightwaves.com/news/fedex-air-fleet-flies-more-in-august