Americans for Free Trade, which represents more than 100 trade organizations, said eliminating existing U.S. tariffs on Chinese goods would boost the American economy by $75 billion during the COVID-19 crisis.
The coronavirus is an existential threat to the airline industry, Air Canada’s CEO says
It’s a full red alert for the airline industry as the coronavirus crushes travel demand. Companies are racing to shore up their finances as revenues dry up.
The Trump administration notified Congress that it will begin bilateral trade agreement talks with the East African country.
It’s not exactly “Extreme Makeover,” but passenger airlines are flipping their planes into cargo haulers. Desperation breeds innovation.
Travel demand has plummeted in Australia and New Zealand, as it has elsewhere, and major carriers to the island nations are quickly matching their footprint to business levels.
Stifel Financial sees an OK first quarter, but the picture gets less clear after that, with risks to second-quarter earnings estimates.
Office operations that remain open implement CDC guidance to protect employees from spreading or contracting COVID-19.
Alameda County officials say the Oakland port and airport are too critical to close as part of quarantine.
The coronavirus is becoming an existential threat to the airline industry and companies are taking drastic steps to minimize financial losses.
Stifel Financial’s conference call with industry executives forecasts supply chain disruption extending to July or longer.
The Commerce Department’s Bureau of Industry and Security said the 24 companies and individuals added to the Entity List pose a U.S. national security and foreign policy risk.
Coronavirus has strained supply chains and had a huge impact on the movement of freight.
“The American public should be aware of bogus home testing kits for sale either online or in informal direct to consumer settings,” U.S. Customs and Border Protection said.
American Airlines is cutting 75% of international wide-body flights because of the coronavirus, shifting bellies full of cargo to freighters that will increase shipping costs for automotive manufacturers and commodities from salmon to fashion wear.
New travel restrictions between the U.S., U.K. and Ireland will further inhabit the flow of freight into the U.S.
The latest blow for the airline industry came when President Donald Trump announced Wednesday that travelers from 26 European countries would be barred from visiting the U.S. for 30 days.
European travel ban won’t affect trade, agency confirms.
Coronavirus is having an impact on many industries. One of those impacted is the global seafood industry.
Charters between Germany and China rise as logistics provider readies for “whatever happens” in coming weeks.
Carol Tomé named new CEO at UPS. David Abney to retire at the end of 2020 after a 46-year career.
Airlines are getting hammered by falling demand and now will lose much of the trans-Atlantic market entirely for a month as the U.S. bans travel from Europe.
Airforwarders Association Executive Director Brandon Fried said minimizing threat of illegal drugs requires freight forwarders to “know your customer.”
Chief Financial Officer Alan Graf to retire at year-end. Corporate Vice President and Treasurer Mike Lenz to assume the role in September.
The fake Oral-B toothbrush heads, which arrived at Philadelphia airport from Turkey, were likely made in “unsanitary facilities with substandard materials,” U.S. Customs and Border Protection said.
Airfreight demand from China is still lower than normal this time of year, but it is finally picking up as the coronavirus scare gradually subsides. The new dynamic is reflected in higher cargo rates.
Airlines are taking it on the chin from the coronavirus. To balance revenues with expenses, airlines are cutting schedules. Lufthansa and United Airlines have taken cost-cutting even further.
“In 2020 both governments expect to implement low-cost, high-impact strategies to simplify customs and immigration screening and reduce wait times,” the U.S. State Department said.
From small, medium to large, Drone Delivery Canada has an automated flying machine for multiple transport applications.
Airlines continue adjusting their flight schedules and capacity to contain costs as traffic dries up due to the coronavirus scare.
The 2019 Protecting America’s Food and Agriculture Act provides funding to help Customs and Border Protection close a shortfall among its agriculture specialist ranks over the next three years.
Profits grew in the fourth quarter and full-year 2019 at ATSG as its leasing and airline subsidiaries both performed well.
The travel and hospitality industries are getting battered by falling demand for their services as the coronavirus spreads. Less economic activity and aircraft capacity hurts shippers too, who can’t sell or ship as many goods.
If it looks like a duck and walks like a duck, it’s probably a duck. Public and private officials behind the development of a large air cargo terminal at San Bernardino International Airport say they have no idea who will occupy the air-to-truck transfer terminal, but the telltale signs point to Amazon.com and its Amazon Prime Air network.
People might be willing to travel for business, but companies are nixing nonessential trips. Many industry conferences are being canceled as a result.
Airlines are at the mercy of the coronavirus. About the only thing they can do is try to reduce operating costs and preserve cash flow until people are willing to start traveling again.
Allied Air is buying some passenger airplanes and converting them to freighters. It’s cheaper than buying production freighters.
Passenger and freight traffic showed big declines this month in certain regions. Airports and airlines are moving to right-size operations to the downmarket caused by the coronavirus.
Deutsche Lufthansa AG is moving rapidly to reduce costs and preserve cash flow as the coronavirus outbreak widens to more countries. Three days after announcing a series of expense reductions, […]
The National Treasury Employees Union tells House appropriators that Customs and Border Protection requires an additional 1,100 officers and staff to carry out its mission at the nation’s ports of entry.
The airline and airfreight industries are dealing with reduced capacity in Asia as health concerns reduce travel demand.
Chao outlines five measures aimed at protecting passenger and cargo transportation.
The rapid growth in online retail sales and consumer demand for fast delivery is spurring construction of giant fulfillment centers.
SITA committed 9,256 violations of the Global Terrorism Sanctions Regulations between 2013 and 2018 by providing services from and transiting through the U.S. to blacklisted Syrian and Iranian airlines.
The financial chickens from the coronavirus are coming home to roost. Lufthansa is belt-tightening, other airlines might try to ease lease terms for assets.
It’s difficult to predict how travel and trade patterns will impact the global economy for the full year, but companies involved in trade and travel are feeling the pinch already. The crisis is creating risks and opportunities for airlines, especially for companies that fly dedicated freighters.
Competition is fierce in the e-commerce wars and efficiency is critical to customer service and profitability. DHL’s investment in new Boeing freighters is designed to keep growing that business line.
As risks surge and stocks plunge, a look at the key coronavirus issues and a rundown of FreightWaves’ coverage to date.
From maintenance, to deferred aircraft upgrades, IT work to rejigger reservation systems, and extra fuel and maintenance costs the grounding of the Boeing 737 MAX is financial and operational constraint for airlines.
Patrick Schafer promoted to chief executive officer; Ron Richards hired as chief technology officer; Jamil Young tapped as division president; and Jim Bertuola named vice president.
Head of academic center sees spike in rates, or continued pain through the sector.
Atlas Air had a difficult year in 2019, but has made some tactical decisions to turn around its financial performance.
2020 is shaping up to be a difficult year for the airline industry because of the coronavirus and uncertainty over when demand for China travel will pick up once the outbreak has subsided.
Headwinds from one-time expenses, geopolitical tensions in Asia and the grounding of Boeing 737 MAX aircraft kept Air Canada from growing profits in line with stock market expectations.
Looking like a scene from the Fox drama “24” where Kiefer Sutherland deals with biological weapons, technicians in hazmat suits spray down Volga-Dnepr cargo planes with disinfectant and take other precautions against the coronavirus.
E-commerce is putting pressure on airlines, postal services and customs administrations to move large volumes of letters and packages, while also trying to catch counterfeit goods and ensure security.
The coronavirus has created a weird market dynamic for airfreight in China. There is very little demand for scheduled flights to move manufactured goods, but charter flights are in high demand to get medical and relief supplies to China. And airfreight rates are poised to jump once Chinese factories fire back up.
Series of book reviews makes clear there is much to learn from successes of the past.
Airbus warned that tariff increase on European aircraft would result in “more instability for U.S. airlines that are already suffering from a shortage of aircraft.”
If it weren’t for sophisticated cold chains, your Valentine’s Day roses could be wilting.
LATAM Airlines is adding new cargo destinations from Miami to South and Central America, while UPS is increasing express capacity out of Mexico.
Boeing was shut out on orders in January, but the sting was softened a bit by a deal for new passenger-to-freighter conversions.
Cargo carriers will be able to operate more efficiently between the U.S. and Kenya thanks to a new agreement between the governments.
UPS pilots stand to see improved wages and retirement benefits from a new contract.
Importers and exporters can expect shipping delays and skyrocketing transportation budgets associated with the logistics challenges in China associated with the coronavirus in China. But there are steps companies can take to minimize the damage to customers and their bottom lines.
The Office of Foreign Assets Control added CONVIASA and its aircraft fleet to the Specially Designated Nationals and Blocked Persons List for supporting Maduro regime.
Pilots hold many of the cards when it comes to cargo capacity in China. If they decline flight assignments to avoid catching the coronavirus, lots of merchandise and supplies won’t get delivered on time.
Your name is your face to the world. Forward Air wants a makeover since diversifying from its original business focused on air cargo, so it’s changing its name and logo.
The Federal Aviation Administration’s drone remote identification rulemaking was years in the making, but the agency doesn’t want to give industry and drone users extra time to comment on its […]
Airlines continue to react to the spread of the coronavirus by cutting more flights.
Abu Dahbi-based combination airline Etihad is selling its Airbus A330s and Boeing 777s but plans to lease back the Boeing widebodies.
The coronavirus could present a silver lining for freighter operators, but any boost in business may be weeks or months away, depending on how long the contagion lasts.
Nippon Cargo Airlines’ parent company is taking a $144 million charge against earnings.
Delta, Virgin Atlantic and Air France-KLM together offer extensive trans-Atlantic route network and service capabilities.
Hawaiian Airlines is expanding its short-haul cargo operations this month and expects its new 787s to add long-haul cargo capacity next year.
Airbus will pay penalties in France, the U.S. and U.K. for using go-betweens to bribe airlines and governments to buy Airbus products.
It’s difficult to keep up with the flight suspensions being announced by airlines to China amid fear about the coronavirus outbreak.
Southwest Airlines is a fan favorite in the freight forwarding community. Bar code scanning and canine inspection dogs aren’t pioneering moves, but could help keep that satisfaction quotient high.
The World Health Organization’s leadership went out of its way to praise China for its handling of the deadly outbreak.
Boeing is planning to begin 777X deliveries next year, but it is unclear when airlines will begin flying the new widebody.
Boeing’s 737 MAX production won’t come rushing back as soon as regulators lift the aircraft’s flight ban. Slow and steady is the plan.
Delta, Air Canada and Lufthansa are among the international airlines reducing or suspending flights to China as the coronavirus spreads.
Boeing’s earnings and revenue failed to meet expectations, and the manufacturer revealed billions more in MAX-related costs.
The Amazon Effect and Uberization of Freight pose daunting challenges for logistics companies, says FreightWaves founder and CEO Craig Fuller.
Alaska Airlines’ parent company also reported hefty full-year earnings in what the CEO called a “fantastic year.”
Many people are paying attention to the coronavirus from a travel perspective and what it will do to the passenger airline industry, but less recognized is that the air cargo that rides below passengers’ feet will also have fewer transport options.
Three pilots and three ground staff are free more than a week after at least 175 pounds of cocaine allegedly were found on a Martinair-operated freighter.
With MARS on the horizon in the 2030s, NASA is pushing for collaboration among international and industrial partners.
Book it every year – Southwest Airlines Cargo is going to capture the award for best domestic airline, as voted by members of the Airforwarders Association.
Aviation is taking a wait-and-see attitude toward the coronavirus and trying not to think about the last time something like this happened.
The FAA says UPS didn’t comply with hazmat rules for air transport when it didn’t make sure a shipment it received was safe to fly.
A former senior executive at Martinair has been sentenced to 14 months in prison for her role in a long-running air cargo price-fixing scheme.
DB Schenker, the freight transportation and contract logistics arm of German rail operator Deutsche Bahn AG, is the latest company to feel the downstream effects of the shutdown of Boeing […]
Southwest Airlines is the latest carrier to describe how the loss of capacity from the 737 MAX grounding is eating into profits.
It doesn’t look like American’s cargo fortunes are going to turn around soon, but its overall operational performance is improving.
The infection from the Boeing 737 MAX crisis is spreading through the aviation sector, hurting airlines, suppliers and their employees.
The airline plans to take 17 new cargo-friendly widebodies this year but doesn’t know when it will see any new 737 MAXs.
Misdeclared cargo is a big problem for air carriers when it comes to dangerous goods like lithium batteries. Regulators are too complacent when it comes to enforcement, airfreight industry groups claim.
Carrier says it reached full-year earnings target a year early.
Boeing estimates regulators won’t lift the 737 MAX grounding until mid-year, at the earliest, which means the production line might not restart until 2021.
