carol lyn has been taking a loo at the numbers. >> a big reaction a couple weeks ago when a logistics firm came out with a profit warning. that's because it air freight unit saw volumes decline quite substantially. in fact third quarter volumes were done by 8% and main cull pretty was really europe. so that's why the reaction today may not be as extreme because it's largely baked into the cake. and that's why also the results that the company came out with this morning were hardly surprising. but let me remind you of the key revenues. 1.7 billion. gross profits rose by around 7% and that was actually a little bit better than expected. the company says it's taking reaction as a result of the declining air freight market, it's a point that the new head of air freight, also accelerated it cost savings program. though some analysts pointed out it may not be a quick acceleration. but it did it say it will shrink by 3% in 2012. >> you can see this board, we've been oscillating between positive and negative territory this morning. i think this might be have something to do with nonfarm payro