Current cyclical slump in cargo is 'very real':
Cathay Pacific CEO John Slosar, in the Nov-2011 edition of CXWorld, stated the current cyclical ``slump'' in cargo is ``very real''.
German truck maker and engineering firm MAN SE said it sees a ``high level of uncertainty and subdued growth prospects'' for its core commercial vehicles operations in 2012, but it nevertheless expects the European market to be ``broadly stable'' this year.