“K” Line’s consolidated operating revenues for the second quarter of 2009 were 208.531 billion Yen, a decrease of 177.489 billion Yen compared with the same period of the previous year. … “K” Line said that in its North American trade, cargo movements to North America shipped from Asia (eastound) were sluggish, affected by the staggering U.S. economy, and the company reduced the scale of its businesses to respond to decreased cargo movements. … “K” Line said the average freight rate on North American service routes fell significantly below the level in the same period last year due to the revision of freight rate contracts this year.
