Local freight forwarders suffer 30pc drop in business, BUSINESS TIMES

Business Times (Malaysia)

04-17-2003

LOCAL freight forwarders are experiencing an average 30 per cent drop in
business due to the Iraq war and Severe Acute Respiratory Syndrome (SARS).

A survey by the Airfreight Forwarders' Association of Malaysia (Afam)
found that local small- to medium-sized forwarders are negatively affected
by the crisis with a drop in their inbound and outbound business.
However, Afam chairman Walter Culas said the survey revealed that
multinational companies' (MNCs) inbound and outbound business traffic were
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