All air cargo, all the time — Midday Market Update

It’s the final episode of Midday Market Update and Kaylee Nix and Michael Vincent are going out with a good one all about airfreight. MMU will be replaced with a new show, FreightWaves NOW, that airs every weekday at 9 a.m. 

Starting off with headlines, they discuss how 3PLs are struggling to fill broker vacancies, why an Illinois trucking company is being forced into bankruptcy, Yellow Corp.’s first-quarter earnings shortfalls and the Biden administration’s plans for independent contractor classifications. 

Zach Strickland provides a freight market update, and Anthony Smith explains how initial jobless claims fell to their lowest levels since the COVID-19 pandemic began over a year ago. 

Vincent and Nix welcome FreightWaves Air Cargo Editor Eric Kulisch to the show to talk about how signs of optimism from the airlines are not what they seem; domestic travel is back but international flights are still struggling.

For one airport, that trend is not the case; airfreight is booming at Columbus Regional Airport and Bryan Schreiber, director of business development for the CRA Authority, explains why.