It has managed a stealthy 14% rise in passenger fares over the past three years, against a mere 2% rise in freight charges.

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Overall, the air freight pounds are expected to grow at a modest 2-3% annual rate as the integration of world economies over time will increasingly drive movement of small shipments directly from the point of production to the consumer.

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Coal traffic is down 2% through the first five months of 2007 amid a general slump of freight traffic.

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