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FedEx CEO Fred Smith blamed the disappointing quarter on continued weakness in the air freight business.
FORBES: FedEx: Disappointing Q3 Profit Sends Another Warning About Slowing Asian Growth
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UPS' international air freight business continued to face pressure from customers opting for slower but cheaper delivery options, particularly in Asia.
NPR: UPS 1Q Profit Rises 7 Percent
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Passengers travelling through the airports fell by more than 180, 000 during the period compared to the same time in 2011, although freight business increased.
BBC: No sign of Prestwick airport sale
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Freight business includes transport of bulk mineral commodities, including iron ore, agricultural products, mining and industrial inputs and general freight throughout Queensland and Western Australia.
FORBES: Aurizon Holdings
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In 2002, Patrick Corporation joined with Toll Holdings, a transport company, to buy the rail-freight business of the federal government and that of the state of New South Wales.
ECONOMIST: Face value
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They have little time to ponder before a freight train of business thunders into Capitol Hill.
ECONOMIST: Lexington
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In Germany, where Deutsche Bahn is roaring ahead with its express trains and its global freight and logistics business, many managers came from Lufthansa, bringing airline techniques.
ECONOMIST: Face value
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Imagine that Tellabs is in the freight-forwarding business.
FORBES: Survival technique: paranoia
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He said the freight side of the business has been hit hard by the reduction of the fulfilment industry in the islands.
BBC: Condor Vitesse
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The twin port is currently handling more freight than ever, with business at Long Beach, the bigger of the two, 20% higher this September than last.
ECONOMIST: Logistics
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You evidently believe that remote sellers should have their additional freight expense (the retailer's cost of business) subsidized by sales taxes (state government revenue).
FORBES: Readers Say
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Most districts saw improvement in business services, a catch-all category that includes everything from accountants to freight services.
WSJ: Retail Sales Increase