June Freight Surge
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With Texas halting business reopenings because of a surge in coronavirus cases, Navistar executives and others who would have tossed shovels full of dirt instead read prepared remarks over the internet to kick off construction of a $250 million high-tech plant.
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Face shields, gloves and hand sanitizer were yesterday’s hot airfreight product. Now the cool shipments that people need right away are yoga pants, bikes and hot tubs.
Personal protective equipment is moving by ocean, so FEMA doesn’t need to charter expensive freighter aircraft anymore to get the stuff to healthcare workers.
Some small and mid-size airlines are filing for bankruptcy, or going out of business. Lufthansa is a major airline and it too is on the ropes.
LATAM Airlines Argentina is closing, but the move won’t impact international travel.
The best time to build on your company’s offerings through acquisitions may actually be during a global disruption.
The U.S. is loosening restrictions on flights by Chinese airlines after China partially reopened its aviation market to U.S. carriers.
It’s a turbulent period in Europe for the aviation industry. Regional travel is reopening in the EU, but the UK has tightened travel restrictions and airlines are struggling to stay in business without government assistance.
Air cargo and cross-border trade could be unintended victims of the dispute between the U.S. and China over access by their respective passenger airlines.
Boeing’s stop-work order to its fuselage supplier has a lot to do with COVID-19 and the state of the airline industry.
Governments are taking equity stakes in airlines or putting conditions on them for aid. Cathay Pacific, a big passenger-cargo combination carrier, and Austrian Airlines are two of the latest to get a helping hand.
Latest extension in place through July 14.
Passenger planes are flying empty. Are there ghosts? It sounds kind of creepy. No need to worry. Airlines are simply putting their assets to use with cargo as their primary customer.
Third-party logistics services providers involved in international trade remain concerned about how their businesses will remerge post-COVID-19. They are addressing tough questions about what it will take in terms of staff, systems and office space to operate a successful company.
New technology is popping up everywhere, but the venerable and prominent EDI still has plenty to offer.
The airfreight market is a volatile conundrum. Overall, demand is down. But with few planes flying these days and everyone wanting a face mask, good luck finding affordable space for your shipment of auto parts or seafood.
Industry pushes lawmakers for roughly $2 billion in maritime-specific relief in next COVID package.