Cargo

http://www.adn.com/2010/03/23/1196418/ups-pilot-layoffs-will-include.html

UPS laying off 300 pilots. No need to ships things from China if nobody is buying.

http://www.fis.com/fis/worldnews/worldnews.asp?monthyear=&day=29&id=36020&l=e&special=&ndb=1%20target=

Japan Airlines selling it's cargo planes.

"JAL said market conditions for international cargo business are expected to remain difficult." Meaning Americans aren't going to be getting jobs anytime soon so why bother shipping to the US.

http://www.dailymail.co.uk/home/moslive/article-1212013/Revealed-The-ghost-fleet-recession-anchored-just-east-Singapore.html

Put this together with the armada of unused shipping freighters (reported last September) and one can conclude the problems aren't getting better.