Just in time for holiday shopping season, air freight shipments are slowing, severely.
The year-over-year increase is still great, at 14.8%. But month-over-month, things are slowing down.
Freight traffic declined 2.1% from August to September, according to the International Air Transport Association (via MJ Perry).
Photo: MJ Perry
But, there is some obvious good news on this chart as well. Passenger travel growth has now advance beyond pre-recession levels. The year-over-year increase in 10.5%, and month over month is 2.1%.
The big winner: Middle Eastern airlines, which saw a 23.9% increase over 2009 (think Emirates, Qatar, and Etihad).