Emirates SkyCargo’s business fell in fiscal year 2019-2020, but the airline division is experiencing strong demand for its services during the coronavirus crisis.
British Airways and its sister airlines are taking some comfort from increased cargo business and helping keep global supply chains intact, but the dominant passenger business is at least three years away from getting back to pre-crisis levels.
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.
Manufacturing supply chains in for prolonged distress; U.S. oil rates in limbo; global air cargo facing severe capacity crunch.
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.
The Executive director of The Airforwarders Association, Brandon Fried, speaks with FreightWaves founder and CEO Craig Fuller on the importance of the air freight industry and how it has adapted to accommodate the needs of a nation in crisis.
American will penalize shippers who don’t show up or cancel a booking at the last minute, while Delta is adding more capacity for its scheduled cargo routes to Asia.
The WHO is trying to reduce the chaos of countries competing for coronavirus medical supplies by acting as a logistics control center.
Problem-solving supply chain bottlenecks is the way to build customer loyalty, freight experts say.
If you need coronavirus gear, who you gonna call? Logistics busters!
Cargo planes are in high demand these days because they are the fastest way to get vital medical equipment and supplies to health care workers trying to save the lives of those infected with the coronavirus. But inflexible regulations and bureaucrats can undermine that speed.
The idea of using passenger planes as freighters would have been considered farfetched in February since the main deck can’t be loaded with large pallets. But when there’s a pandemic and a shortage of cargo space, the logistics community gets creative and these planes are being booked at a rapid pace.
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.
Passenger aircraft are being used to fly essential cargo between continents. Learn more about what the airlines are doing to survive and to assist key supply chains.
Read the full article to learn more.
In a race against time, many are relying on the air freight industry to get critical goods to their destinations.
No one was prepared for the global shipping disruption caused by COVID-19, but Mike Meierkort said Damco’s resiliency program is “the closest thing to having a playbook.”
Atlas Air and National Airlines are handling relief missions for the Federal Emergency Management Agency.
U.S. Customs and Border Protection said it will do its part to keep imports of medical gear flowing efficiently into the country.
The head of the Airforwarders Association says preparing for business impacts from natural disasters, like COVID-19, requires “a lot of practice and uncomfortable preparation.”
China opens its factories; 3.28 million U.S. workers apply for unemployment benefits; U.S. seeks to convince Saudi Arabia to end oil war.
Some countries are making it easier for airlines to adjust operations in response to the coronavirus crisis, but the airfreight community wants greater cooperation from governments.
With increased volatility in international airfreight, Cargojet is bringing back planes to focus on the hot domestic market.
Stifel Financial sees an OK first quarter, but the picture gets less clear after that, with risks to second-quarter earnings estimates.
Stifel Financial’s conference call with industry executives forecasts supply chain disruption extending to July or longer.
Tender rejections: After increasing from 6.52% to 8.91% last week, we expect national rejection rates to continue to rise but at a slowing pace in the coming week as carriers […]
New travel restrictions between the U.S., U.K. and Ireland will further inhabit the flow of freight into the U.S.
Coronavirus is having an impact on many industries. One of those impacted is the global seafood industry.
Airforwarders Association Executive Director Brandon Fried said minimizing threat of illegal drugs requires freight forwarders to “know your customer.”
Construction outlook: Construction outlook:The Federal Reserve announced an emergency 50-basis-point (bps) rate cut last Tuesday, lowering its target Fed Funds range to 1-1.25% from 1.5-1.75%. The Fed cut is a […]
Manufacturing outlook: The coming week will be telling for the industrial segment. The Institute for Supply Management updated the Purchasing Managers’ Index (ISM.PMI). It breached the 50-expansion threshold in for […]
DHL has decided to close its StreetScooter electric vehicle business, plus household income rises, aluminum plant likely to close, and why Americans will love self-driving trucks.
Chao outlines five measures aimed at protecting passenger and cargo transportation.
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.
Diesel fuel price outlook EIA statistics show total U.S. distillate production at the highest level ever for the second week of February despite significant concern over demand. Inventory reports were […]
Atlas Air had a difficult year in 2019, but has made some tactical decisions to turn around its financial performance.
Cargo carriers will be able to operate more efficiently between the U.S. and Kenya thanks to a new agreement between the governments.
Radiant Logistics reports a 25% slowdown in its last calendar quarter of 2019.
Autonomous electric shuttles hit Columbus; global auto market might slowdown over coronavirus; Nikola Motor to produce trucks in Germany
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.
Nippon Cargo Airlines’ parent company is taking a $144 million charge against earnings.
Hawaiian Airlines is expanding its short-haul cargo operations this month and expects its new 787s to add long-haul cargo capacity next year.
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.
In case you weren’t able to catch our live broadcasts from Music City at the Air Cargo Conference at the top of this week, don’t worry, we’ve got you covered right here, right now for a “just in time” delivery.
At the Air Cargo 2020 Conference in Nashville, Tennessee, we had the opportunity to catch up with Susy Schoneberg, head of Flexport.org, for one of our Fireside Chats. Flexport.org is […]
Alaska Airlines’ parent company also reported hefty full-year earnings in what the CEO called a “fantastic year.”
Quarantines and factory shutdowns could deepen and extend the traditional Chinese New Year trough.
Nuclear verdicts, insurance, carnets, FTZ, and more from Air Cargo 2020 Nashville – it’s What The Truck?!? LIVE Air Cargo 2020
It doesn’t look like American’s cargo fortunes are going to turn around soon, but its overall operational performance is improving.
Carrier says it reached full-year earnings target a year early.
Global trade tensions and a weakening economy took a toll on air freight.
IATA is aligning its dangerous goods rules with international standards.
The global ground handling company has leased warehouse space at Melbourne Airport.
Representatives from airlines, logistics companies, truckers and airport authorities will attend Air Cargo 2020 in late January.
U.S. cargo airlines had requested exemptions from the ban.
Former senior VP at Martinair faces charges in connection with a price-fixing conspiracy.
We gear up this week with a man charged on Thursday with shooting a truck driver on I-269 outside Memphis, Tennessee, after an in-cab video captured the suspected killer. Violence […]
Three large carrier groups reported similar results.
The latest features in SONAR 5.0 make it the most future-focused version to date.
Nippon Cargo Airlines is adding a Taipei stop due to demand from customers such as Flexport.
Willie Walsh will be succeeded by Iberia CEO Luis Gallego.
Temperature-sensitive cargo like meat can be exposed to warm air and other environmental conditions during transfers and storage without good logistics management procedures.
The November decline was one of the smallest in 2019.
The U.S. and Kazakhstan have signed a tentative Open Skies agreement. That’s a fancy way of saying free trade in the aviation market.
The Jones Act has been in effect for nearly 100 years. Read about its pros and cons in this commentary by Darren Prokop.
Overseas shipping – particularly during the holidays – can be difficult. Here are some tips for making the process easier and more successful.
WorldACD figures revealed an air cargo bump in the fourth quarter driven by the Asia-Pacific region.
The ongoing political strife in Hong Kong is not directly slowing shipping activity at the world’s busiest cargo airport, but could gradually reshape supply chains in unexpected ways. A two-day […]
Air Cargo Market Expert Jesse Cohen writes an insightful commentary on what the outlook for air cargo is in 2020.
Pemco wants to convert newer aircraft.
Drone rulemaking delayed for fourth time this year.
The International Air Cargo Association is trying to unify the air cargo industry on common issues and practices through a new membership approach.
Santa seems likely to leave some coal in the airfreight industry’s stocking this year, but some see 2020 turning to glitter if the industry can get past what is poised to be a difficult Q1.
Losses in Europe are estimated to now be costing businesses billions of euros a year.
Peak season is more like a mini-peak this year for air cargo.
Maritime, air and overland trade routes into Europe are being piggybacked by criminal gangs deploying the latest digital supply chain technologies to help meet mushrooming demand for illegal drugs across […]
Logging onto an air cargo web site to book space for your shipment is so 2010s. Forwarders and airlines looking for speed and efficiency are plugging directly into each other’s systems to match loads.
API, or application programming interface, may soon become a common three-letter word in the air cargo space by making the booking experience similar to shopping on Amazon.
CHICAGO – After transforming its under-performing passenger operation over the past decade into one of the best managed and profitable global carriers, Delta Air Lines [NYSE: DAL] is now focused […]
Radiant Logistics posts a good quarter, but warns that peak shipping season isn’t shaping up heading into the holidays.
Air Transport Services Group (NASDAQ: ATSG) reported a 219% increase in third-quarter operating profit of $105 million. The outsourced provider of air cargo services for Amazon.com’s Prime network and other […]
North America has surpassed North Asia (China) as EXPD’s highest revenue region.
Airline’s Pacific and Atlantic routes hardest hit as trade wars continue to take a toll on air freight volumes and yield.
Read what Ted Stevens Anchorage International Airport is doing to stay relevant and its importance to U.S.-international trade.
Shawn Cole spotlights Delta’s large-scale cargo operations, which is bigger than you might expect.
The world’s second-largest 3PL does not expect a rebound in air cargo markets until the second half of 2020.
Market expert Jesse Cohen writes about the 2019 air cargo market to date, and industry personnel look ahead to 2020.
The next FreightWaves Live event has added air cargo to the range of topics discussed, with a variety of expert speakers who can help attendees understand factors influencing today’s market. […]
Freight shipments and expenditures declined on a year-over-year basis again in September according to the latest Cass Freight Index Report. The firm now believes that the index is “signaling an economic contraction.”
Big air trade drops with major trading partners leaves industry looking for backfill
The International Air Transport Association said Wednesday that overall global demand for airfreight declined at a faster rate in August than July, contracting 3.9% compared to 2.4% the month before. […]
Pilots donned oxygen masks and returned to Vancouver after shipment of durian filled the 767 with the fruit’s notoriously noxious aroma.
FreightWaves adds more depth and market insight to the existing tender volume and air freight data, along with new weather forecasting details, in its SONAR platform.
Transparency has become something of a buzzword in the logistics industry, and that is exactly what Hangar A hopes to provide shippers with its new SaaS-based solution.
“Flight shaming” campaigns failed to recognize that airlines only account for 2 percent of global carbon emissions.
No short-term relief for cargo congestion at LAX is coming from infrastructure upgrades, so companies are looking at process improvements to speed up cargo hand-offs.
