Slower Sales Growth Hits The Air Freight & Logistics Industry

A number of companies in the air freight & logistics industry are experiencing noticable slowdowns. The air freight industry follows the economy closely in terms of sales growth. Just a few examples of the air freight industry slowdown:

Pacer International (NASDAQ:PACR) had sales growth of 6.5% during the last fiscal year. The company has reported $1.6 billion in sales over the past 12 months and is expected to report $1.7 billion in sales in the next fiscal year.

Dynamex (NASDAQ:DDMX) had sales growth of 7.9% during the last fiscal year. The company has reported $406.4 million in sales over the past 12 months and is expected to report $463.3 million in sales in the next fiscal year.

United Parcel Service (NYSE:UPS) had sales growth of 9.3% during the last fiscal year. The company has reported $48.5 billion in sales over the past 12 months and is expected to report $53.4 billion in sales in the next fiscal year.

Forward Air (NASDAQ:FWRD) had sales growth of 17.9% during the last fiscal year. The company has reported $468.6 million in sales over the past 12 months and is expected to report $533.7 million in sales in the next fiscal year.

FedEx (NYSE:FDX) had sales growth of 18.1% during the last fiscal year. The company has reported $36.2 billion in sales over the past 12 months and is expected to report $41.8 billion in sales in the next fiscal year.

The air freight industry is predicted to remain stagnant for the remainder of 2010. How the air freight industry does in 2011 largely remains to be seen.