Deutsche Post says air-freight losing sales to ships

[FRANKFURT] Deutsche Post said that global air-freight demand faces sustained pressure from the move to ship-borne cargoes, where margins for freight forwarders are typically lower, with the express-delivery market more buoyant.

"There has been quite a significant shift from air freight to sea as large multinationals make changes to their supply chains," Roger Crook, who heads the forwarding arm, said on Wednesday in a briefing at the company's Bonn ba…