FreightWaves International
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Air Cargo
Logistics providers weigh workforce reductions amid drop in trade
Third-party logistics providers engaged in international trade are facing the difficult decision of whether to thin staff or even close altogether in the face of a prolonged economic downturn caused by the coronavirus pandemic.
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American Shipper
Port of LA March cargo volume drops nearly 31%
Coronavirus and tariffs blamed for lowest total in more than a decade.
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Canada
Today’s Pickup: Medical cannabis firm begins next-day deliveries as COVID-19 stokes demand
Canada’s Aleafia Health aims to minimize risks to its older patients and ensure steady supply by launching final-mile service.
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American Shipper
No COVID-19 found on CMA CGM Marco Polo
French carrier reports entire 500-vessel fleet is free of coronavirus cases.
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Maritime
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American Shipper
WTO: Coronavirus crisis could rival Great Depression
Cargo flows face worst hit in a century but have potential to bounce back fast.
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American Shipper
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Air Cargo
House Democrats raise concerns about FEMA logistics initiative
While FEMA is working to airlift medical supplies from international sources, the White House doesn’t want to share equipment with…
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Finance
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News
Don’t expect future visibility when earnings season begins next week
While transportation industry participants have an abundance of questions loaded for management teams this earnings season, answers on the future…
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Risk & Trade
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Trucking
An already ‘hard’ trucking insurance market now faces upheaval from the pandemic
TrueNorth’s Cook sees low returns, premium income dropping and more “selectivity” from underwriters.
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