Why COVID-19 rebound hopes are weighing down tanker stocks
Good news: Vaccine shows promise. Bad news: Floating storage economics vanish.
Stay tuned on this page for all news related to COVID-19 and its impact on the freight markets.
Good news: Vaccine shows promise. Bad news: Floating storage economics vanish.
Northwest Seaport Alliance reports 39 canceled sailings in first four months of 2020.
Face masks and other personal protective equipment are worth their weight in gold these days, and German authorities are protecting shipments accordingly. Lufthansa Airlines (FWB: LHA) on Monday opened a […]
Israel’s flagship carrier El Al is struggling to hold on financially during the COVID-19 pandemic and is looking to the government for a lifeline.
Fullbay, the heavy-duty repair software provider, has launched Fullbay Cares, making a donation to Feeding America and Food Banks Canada each time a repair shop signs on to the Fullbay platform in May. Plus, Texas DOT hacked, dynamic route planning takes hold, and the new COVID reality
Manitoba carrier Paul’s Hauling credited with helping avoid wider spread from terminal thanks to proactive siloing of employees and close collaboration with health authorities.
Korean Air is the latest airline to get government aid and raise capital to increase its cash position.
Box import volumes may be falling fast, but there are glimmers of hope.
European Commission scrutinizing financial incentives from South Korean government
The Mexican government issued a new decree on Thursday causing confusion among companies as to when they will be able to restart U.S.-linked supply chains.
Shanghai Pudong Airport is getting crushed by heavy cargo volumes. Add to the mix a lot of red tape for export clearance and shipments are experiencing long delays and missed flights.
German carrier is cutting costs and counting cash as the economic impact from the pandemic is expected to hit Q2 results.
“Nowcasting” platform uses ship-tracking data to detect coronavirus fallout.
San Pedro Bay complex braces for more blanked sailings as coronavirus pandemic rages on.
Taiwanese carrier among Asian container shipping lines criticized for government subsidies.
Delta Air Lines is bidding adieu to the 777. The airline will be smaller for the next few years, so it doesn’t need its big 777 jets anymore. (Photo: Delta)
Ports authority reports refrigerated container record and largest vessel call.
CNBC’s Lori Ann LaRocco writes about the impact of COVID-19 on U.S.-China trade, particularly in regard to the trade war between the two nations.
Most crops don’t grow without seeds. But how are seeds for commercial farming transported? Darren Prokop explores this topic.
International aviation authorities and health experts are trying to create public health corridors in the sky through the application of multi-layers of sanitary and hygiene standards.
Commercial Carpet Logistics was searching for a way to help out during COVID-19, and it found the answer by donating excess capacity and drivers to transport food donations to a Philadelphia food bank.
The path ahead will look very different, according to global seaport authorities.
Rules continue to be waived for freight deemed essential during pandemic.
A U.S. federal court on Monday agreed on an interim basis to Avianca Holdings SA’s initial motions to voluntarily reorganize under court-supervised bankruptcy protection. Latin America’s second-largest airline sought bankruptcy […]
If you’re a forwarder and need more airlift to get goods around the world, you’re in luck. Airlines are listening and putting more assets to work.
Future cargo flows at escalating risk from inaction on stranded seafarers.
Japanese carrier tempers profitability news with financial concerns.
As ships sail full in May, the hope is that fewer 3Q sailings get the ax.
An integration with 3PL Systems will make Trucker Tools’ Smarter Capacity platform available to all 3PL customers. Plus, a major airline failure could be on the horizon, online car buying could be here to stay, and more Pennsylvania rest stops open.
The world of transportation has changed due to COVID-19. Read about how shipping professionals are adapting to those changes.
Gene Seroka expects supply chain fractures may remain after the world heals from the coronavirus pandemic.
People go to the hospital to get better from coronavirus. Avianca is going to a different emergency room – bankruptcy court., so it can downsize in a safe way . It is a major Latin American carrier with a cargo division that operates its own fleet of freighters.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: U.S. supply chains’ future could be tied to Mexico and USMCA; Forager celebrates Laredo’s history as an international port; CBP aims to keep Mother’s Day flowers pest-free; Dachser Mexico offers new customs house brokerage services.
Delta Air Lines and LATAM are getting ready to operate jointly once they clear antitrust hurdles in both countries.
Navistar extended CEO Troy Clarke’s contract until July as a buyout offer by Volkswagen subsidiary TRATON Group is on hold amid the cash-devouring coronavirus pandemic.
But in looking at big picture, Executive Director Griff Lynch is celebrating small victories.
Lufthansa and IAG Group are taking baby steps toward expanding flight schedules. That should bring in some more revenue, but Lufthansa is looking for a big bailout from the German government to get through the coronavirus crisis.
A perfect storm of events has created the mother-of-all cargo bottlenecks at Shanghai’s Pudong airport, where shipments sit at a standstill in crowded warehouses waiting for overwhelmed Chinese customs officers to inspect outbound PPE shipments.
Like most industries, the work environment of brokers and 3PLs has changed dramatically in the last couple of months. Here are some tools that are being used to cope.
U.S. factories face issues with sourcing from Mexico; Permian basin output to decrease in May; Lime raises funding from Uber.
The COVID-19 pandemic has created choppy conditions in the airfreight market, but air cargo companies like Atlas Air are mostly seeing upside for their business.
German container carrier also boosting lines of credit to tap if needed and holding off on buying new ships.
How the COVID-19 spotlight could accelerate change for global supply chain.
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. A funny paradox says that there is a […]
ir Transport Services Group is making money from its aircraft leasing and outsourced transportation businesses as express carriers and other customers seek more aircraft to support supply chains.
Class 8 orders in April plummeted to their lowest level since September 1995 as the COVID-19 pandemic froze new bookings and led to postponing near-term deliveries.
Alaska Air lost $232 million on a net basis in the first quarter, but everything is relative these days and the loss doesn’t look so bad given the state of the airline industry.
Singapore-based container carrier digs out from $586 million fiscal-year loss to report $105 million profit and procures 5,000 40-foot units.
Logistics companies are performing at a high level despite supply chain challenges caused by the coronavirus pandemic and inadequate government planning, Ebola response coordinator Ron Klain said.
New program to help qualifying Uber drivers earn money driving trucks
Cargo in the hold, in the storage bins, under seats, on top of seats and with the seats removed. It’s all happening. And now some airlines are doing infill cargo with some seats removed.
Some national chapters are offering memberships to those working at sea during the coronavirus pandemic.
Air Canada is trying to navigate the darkest period in aviation history through cost cuts, financing and new cargo operations.
Volkswagen truck holding company Traton Group urges a Euro-style “cash for clunkers” program to boost new truck purchases following lower first-quarter sales, profits and orders.
United Airlines is steeling itself for a worst-case scenario that leisure and business travelers will not resume flying anytime soon, even with coronavirus restrictions lifted.
Flexport CTO James Chen articulates his vision of the future of global trade technology.
United Airlines isn’t sugar-coating the airline industry’s economic reality. United expects to survive the coronavirus crisis, but business will be slim for months to come.
Plus: Red Roof hotel offers trucker day rate; a Beijing to Berlin convoy
The logistics sector specializes in figuring out creative solutions to transportation and trade impediments, and a pandemic is the ultimate test. Check out what DB Schenker and Airbus are doing to increase airfreight capacity.
Liners could scrape bottom over next two months, then recover.
Combined transportation and logistics powerhouse grows gross profit despite impact from COVID-19.
Manufacturing supply chains in for prolonged distress; U.S. oil rates in limbo; global air cargo facing severe capacity crunch.
American is slashing expenses, but not fast enough to stop big profit losses. Here are the details on its first quarter and what it expects going forward.
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. On Friday, April 17, FreightWaves ran my Commentary: […]
Even though the EPA has relaxed some reporting requirements, trucking fleets that cut corners on environmental regulations could face large penalties for non-compliance.
Business leaders argue the coronavirus pandemic has diverted resources needed to ensure a smooth transition from the previous North American Free Trade Agreement (NAFTA) to the United States-Mexico-Canada Agreement (USMCA).
Boeing took a big loss in the first quarter and the rest of the year doesn’t bode better for a company plagued by ongoing technical problems with key products, and now facing little demand for aircraft.
Even as businesses have shut down, traffic data from Inrix showed that, as of April 17, 87% of all truck vehicle miles were still being driven.
Shipping analyst Michael Webber sees tanker-stock upside if coronavirus recovery falters.
Alaska Airlines may be late to the party when it comes to using passenger aircraft as freighters, but it wants to be an early adopter of using passenger seats for storage.
Uncertainty beyond loss-making second quarter concerns Daimler leaders, though robust supply chain and cash position suggest fast production ramp-up when economy recovers
Industry sage Martin Stopford dives deep into the future of global trade.
Secondary airports are increasingly being used by all-cargo carriers supporting the government’s coronavirus logistics mission.
Virgin Atlantic has an extensive cargo network using passenger aircraft that are flying without passengers.
Resilience360 recently released reports analyzing the impact of COVID-19 on trade between the United States, Canada and Mexico.
Distribution patterns expected to change in post-coronavirus world.
Airlines fly people, they don’t make things. Guess again. Delta is making portable human pods for the military and, along with American Airlines, is making face shields.
Cummins saw a tough environment for most of its segments in 2020 before the word pandemic became common. Now it is depending on its collective experience in managing bad times to pull it through again.
Hong Kong-based shipping line says first-quarter volume was down less than half a percent despite pandemic.
UPS faces economic and other challenges in the wake of COVID-19.
Judge gives Maersk go-ahead to jump ship from GCT terminal in Staten Island.
Southwest Airlines is not used to losing money in any quarter or full year, but that will change in 2020.
Canadian carrier Day & Ross is testing a hydrogen-injection engine technology that is said to reduce emissions. Plus, New York City is closing roads, ecommerce booms, and USMCA trade deal delayed
Drones have taken on added importance with the coronavirus pandemic, offering ways to do tasks faster and without dangerous physical contact.
If it flies, it can be a cargo plane for coronavirus relief missions. Planes are being put to unconventional uses to support the coronavirus response, including cargo-only passenger aircraft with boxes in the seats or on the floor and heavylift cargo planes used by aircraft manufacturers to move wings and other aircraft sections.
78% of truck drivers posted positive comments regarding their morale, with many thanking carriers for supporting them, in the latest sign that carriers are effectively supporting their drivers.
Global freight forwarder attributes most of the 23.2% year-over-year first-quarter earnings drop to impact of COVID-19 pandemic .
As states begin to reopen their economies, leading retail trade groups urge the opening of all distribution centers and implementation of a three-phase reopening strategy.
Employees will test devices that vibrate when wearers come too close to protect them from coronavirus infection.
Refined-product tankers join crude tankers in era of epic earnings.
C.R. England has continued the tradition of its One Initiative, announcing it has not donated more than four million meals to food banks since 2018. Plus, New York truckers face longer wait times, Tyson Foods warns to meat shortages and retailers push for uniform reopening plans.
There are more ways to help businesses struggling during the coronavirus crisis than loans and direct payments. The Australian government has operationalized an international airfreight support program to restore supply chains for perishables that were broken by the pandemic, threatening to kill business for many exporters.
Trump signs bill carving out $60 billion in loans specifically for smaller community-based lenders.
FAA cuts tower hours for air traffic control, but airports should continue to function smoothly.
IHS Markit’s Paul Bingham predicts sustained 2020 weakness and higher long-term costs.
Dooner and The Dude are talking about the conflict between truckers and brokers as they battle for dollars in a bottoming spot market.
The 12 members of Reopen Jacksonville will advise the Florida city’s mayor on the easing of stay-at-home restrictions put in place to slow the spread of the coronavirus.
Companies across the Lone Star State have made another wave of job cuts with 3,000 more workers losing their jobs.