WTO: Coronavirus crisis could rival Great Depression
Cargo flows face worst hit in a century but have potential to bounce back fast.
Cargo flows face worst hit in a century but have potential to bounce back fast.
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.
New CEO named to lead Alabama State Port Authority and senior VP appointed to head Latin American sales.
UPS offers companies a full suite of supply chain services. They can pick what they need or get a turnkey solution. Now the third-party logistics provider is playing the same role for FEMA.
No collapse yet for ocean container spot rates. In fact, they’re up.
World Shipping Council issues reminder that seafarers are the backbone of international supply chains.
Tough times call for drastic measures and Lufthansa sees the writing on the economic wall. It’s wasting no time shrinking for a smaller future.
Plunging demand on land has yet to be fully felt by ocean shipping
“The coronavirus is delivering a shock to the supply chain,” said port chief Mario Cordero.
Members of the Washington, D.C.-based National Customs Brokers and Forwarders Association of America interviewed by American Shipper this week generally praised CBP for permitting the flow of legitimate trade across the continent.
Boeing waited much longer to close its South Carolina plant than ones in Washington. Airbus has closed more facilities, while others continue to operate.
Airlines are bleeding money, but a requirement that they give cash refunds for canceled flights could make things worse. Airlines are cutting more of their domestic networks to save money.
The U.S. Federal Maritime Commission said there has been no shortage of container-shipping industry members willing to participate in its initiative to identify ways to overcome supply chain obstacles caused by the coronavirus pandemic.
VC funding has evaporated, wooing new customers is extremely difficult and existing customers’ focus has changed.
Alaska Airlines is supporting the 100 Million Mask Challenge with its freighter capacity.
Carriers slash even more ocean services in bid to prop up rates as demand crumbles.
The Trump administration is working to accelerate deliveries of medical supplies from overseas to address shortages at healthcare facilities around the U.S., but doesn’t want American companies to export any protective gear to other countries.
Qatar Airways has deployed more full freighters and passenger aircraft in cargo mode to multiple markets, including India.
The Justice Department said joint logistics operations among five American medical supply distributors to provide protective medical gear to virus hot spots does not violate antitrust law.
Airlines face a long drought in business and are scrambling to cut costs and raise money, but there’s no guarantee all of them will survive.