Commentary: COVID-19 impacting US manufacturers differently
A consensus is emerging that a unique feature of the COVID-19 pandemic on freight markets is that it has created tremendous imbalances on carriers’ lanes
A consensus is emerging that a unique feature of the COVID-19 pandemic on freight markets is that it has created tremendous imbalances on carriers’ lanes
TQL headquarters remains open despite multiple employees testing positive for COVID-19 in the past three weeks.
Following Love’s Travel Centers’ edict requiring face coverings at its truck stops, NATSO and the American Trucking Associations followed suit.
Chairman Michael Khouri explains how the U.S. Federal Maritime Commission keeps track of COVID-19-induced ocean container carrier sailing schedule changes for anticompetitive behavior.
Market share grew at Daimler Trucks North America and PACCAR even as Q2 sales sank under the weight of the COVID-19 pandemic.
Thousands of crew members are stuck on board their ships due to COVID-19 restrictions. Learn more in Darren Prokop’s commentary.
American Airlines lands $2.7 billion pretax loss in second quarter.
Latin American airline mobilized five Boeing 777 passenger planes to move 1,200 tons of N95 masks on board 39 cargo-only flights from China to São Paulo.
Possible fines range from $13,000 to $130,000.
The coronavirus’ whipsaw effect on the global supply chain took a toll on Kuehne + Nagel during the first half of 2020, but without a rapid internal response the hit would have been far worse, CEO Detlef Trefzger says.
Kenny Lund, executive vice president of Allen Lund Co., tells FreightWaves 3PL Summit that the fresh produce supply chain still has some growing to do, as coronavirus showed Americans that food shortages can still occur.
The increase in freighter flights at Amsterdam’s Schiphol Airport during the first half of the year was not enough to offset the dramatic drop in cargo transported by passenger planes.
“Carriers without existing loads entering these markets should be able to find loads with relative ease on the spot market this week.”
The U.S. Federal Maritime Commission enters “phase two” of its fact-finding investigation into COVID-19 impacts on container shipping in the Port of New York and New Jersey.
Virgin Atlantic is recapitalizing without support from the U.K. government thanks to internal and external investors and creditors.
Delta Air Lines will retire more than 100 planes by year’s end, reducing the carrier’s available cargo capacity to some destinations after coronavirus passes.
Atlanta-based airline posted $3.9 billion pretax loss for the second quarter.
FMCSA safety committee will request crash data from Amazon delivery vans.
project44 report shows the glaring discrepancies in consumer expectations and last-mile delivery capabilities.
Slumping oil prices and COVID-19 pandemic forced Houston-based Hi-Crush to file for Chapter 11 bankruptcy protection on Sunday.
COVID-19 emergency HOS exemption extended another 30 days
Even before Hawaii imposed COVID-19 travel restrictions earlier this year, Young Brothers lost money and last year sought a rate increase valued at $13 million from state regulators.
Nikola experienced a V-shaped recovery in its share price as storytelling in place of revenue drives enthusiasm and disdain for publicly traded electric truck startups.
Deutsche Post DHL said preliminary second-quarter profits, despite the ongoing COVID-19 pandemic, have it less worried about the rest of the year.
Federal loan during the COVID-19 pandemic couldn’t keep Alabama-based Foster Freights LLC afloat, as it filed for Chapter 7 bankruptcy protection.
Outrider focuses on autonomous zero-emissions yard operations for logistics hubs.
The Australian government threw a logistics lifeline to exporters having trouble securing air transport to international markets. Hundreds of companies have grabbed on during a tight market. Now, more relief is on the way.
Carriers must continue random drug testing at 50% rate.
Consolidated Chassis Management chief executive foresees an increased requirement for chassis to accommodate rising tide of intermodal container moves as the North American economy shakes off COVID-19.
The air freight market appears saner in recent weeks, with less competition among shippers for transport services. But the shape of the recovery is anyone’s guess and a possible demand spike for face masks and surgical gowns could create a hyper-market again.
Preliminary orders for Class 8 trucks in June rebounded to a four-month high, following a rapid improvement in freight rates.
AAL Shipping, an operator of “mega-size” project cargo ships, expects rebound for smaller U.S. import and export project cargoes in 2021, if COVID-19 pandemic subsides later this year.
Six months of Jon Pertchik’s high-energy leadership of TravelCenters of America took a hit Monday when a $75 million offering of new company stock met with a selloff that drove shares almost 24% lower than the asking price.
The American Logistics Aid Network says partnership with supply chain visibility platform facilitates contact between disaster relief organizations and ready-to-serve shippers, carriers and warehouses.
Chapman Freeborn buys Arcus Air Logistics, a longtime provider of ad-hoc charters and on-board courier services to the European automotive industry.
Trucker Glenn Green was proud to serve on the front lines as an essential provider of refrigerated goods. However, he’s not feeling the love after his COVID-19 workers’ compensation claim was denied. Photo: Glenn Green
Expiration pushed to Sept. 30 as need for new drivers continues.
The U.S. Federal Maritime Commission has rolled out guidance on how the ocean shipping industry can collaboratively improve the flow of containers among ocean carriers, marine terminals, shippers and drayage truckers in San Pedro Bay during COVID-19 and beyond.
Swedish truck maker Volvo Group says financially ugly short- and medium-term market conditions require stepped-up cost cutting.
Sweden’s Volvo Group is cutting 4,100 white-collar jobs globally in the second half in response to ongoing impacts of the COVID-19 pandemic. About 15% of the cuts will be contractors. […]
Fleet management solutions provider Samsara looked at 130 million trips since the beginning of 2020 and found truck traffic running at 95% of prepandemic volumes, with more speeding and less hard braking.
Drivers with expired licenses given relief until September 30
American Airlines Cargo has not slowed implementation of the IBS Software iCargo platform since last October, despite the upheaval from the COVID-19 pandemic.
Truckers have once again proved they can rise to any challenge. Motor carriers should reflect on COVID-19 to prepare themselves for the next time disaster strikes.
Boeing’s stop-work order to its fuselage supplier has a lot to do with COVID-19 and the state of the airline industry.
The World Shipping Council says exemption for ocean container carriers from publishing essential terms of their service contracts with the U.S. Federal Maritime Commission is a step in the right direction.
Latest extension in place through July 14.
Survey finds dearth of talent for handling the increasing pace of change in the industry.
The gradual restart of the economy includes dine-in restaurants at the travel plazas dotting American highways. Truckers will find socially distanced seating and fewer menu offerings — if they leave their trucks to investigate. Some say they won’t bother.
In the wake of COVID-19, businesses are looking to reshape and insulate their core sourcing processes from sudden disruption, even as consumers move online.
Daimler Trucks looked at the mileage data of 130,000 trucks it monitors and predicts mileage driven could reach pre-COVID-19 levels by the end of June.
Navistar included only one full month of impact from the COVID-19 pandemic in its loss-making second quarter. How bad will it be for manufacturers who report on a traditional April-June quarter?
“With digital logistics, you can democratize manufacturing to the point of consumption,” said James Regenor.
Heavy-duty truck maker Navistar reported a $38 million loss in its fiscal second quarter, the first look at the financial damage from COVID-19-related manufacturing shutdowns.
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.
Move aimed at preventing possible container transportation emergency.
Alibaba.com has introduced three new services – a freight matching platform, financial services for small and medium-sized businesses, and virtual events connecting businesses with buyers.
June is supposed to be the heavy travel season, but instead of operating full planes, airlines are busy trying to save their financial lives.
Industry pushes lawmakers for roughly $2 billion in maritime-specific relief in next COVID package.
Read the full story, here.
“Our forte is turning freight from plane to truck and getting it on the road to its end user quickly,” said Bryan Schreiber of Columbus Regional Airport Authority (CRAA).
Escalating airfreight transportation rates and capacity shortages from China due to the global pandemic have encouraged some shippers to split supply chain shipments between ocean and air pallets.
Mullen not expecting the issue to “go away any time soon”
Donations to the St. Christopher’s Driver Development and Relief Fund continues to pour in as recognition of the driver’s role in delivering critical supplies during COVID-19 pandemic attracts new donors.
15.6 million masks from FEMA going out to trucking, maritime, rail sectors.
The numbers game is intensifying as falling used truck prices and swelling inventories persuade fleets to hang on to younger equipment until they can break even.
“Crew changes cannot be postponed indefinitely,” warned the world’s largest maritime and air transport organizations.
The direct mail segment accounted for 23% of USPS 2019 revenue, which is decreasing as a direct result of the pandemic.
LATAM Airlines is looking for protection from creditors as it downsizes, something that all airlines are trying to figure out how to do in the face of a pandemic that has wiped out travel demand.
Opponents of increasing size standards for trucks fear permanent changes post-pandemic.
U.S. retailers face two options: selling at a discount in the domestic market or going online to sell globally.
Pennsylvania Turnpike cites surge in e-commerce as a factor.
Ford reopens Dearborn and Chicago facilities; U.S. GDP predicted to slide by 40% in three months to June; Target saw sales rise by 10.8% last quarter.
U.S. Federal Maritime Commissioner Rebecca Dye said Fact Finding 29’s work will help the American ocean shipping industry better prepare the supply chain for the post-virus economic recovery.
One manufacturer’s decision to erase 10,000 Class 8 trucks from its build plan threw the industry into negative territory in April; experts expect scant improvement in May.
FMCSA’s Mullen scheduled to meet with White House officials, according to source.
NCBFAA President Janet Fields has knowledge and skills to lead industry through worst of times, former association President Amy Magnus says.
Opendock’s data aggregation shows beer distributors seeing strong sales during pandemic.
Carriers shift to road experience as entry-level applications drop off.
Airlines need to reassure customers that airplanes are safe from coronavirus to win back their business. Enter Boeing, with its Confident Travel Initiative to help them develop best practices for doing that.
Wabash National felt the COVID-19 pandemic in the first quarter, but the trailer maker said its earlier preparations for a softening market helped offset deeper trouble.
April’s coronavirus impact intensified pricing pressure in an already depressed used truck market where most cash-conserving buyers held back on purchases.
“Love & Hip Hop: Atlanta” star allegedly spent $1.5 million on things such as jewelry, child support
Rules continue to be waived for freight deemed essential during pandemic.
Drone technology provider to UPS Flight Forward aims for unmanned aircraft systems certification from the U.S. Federal Aviation Administration.
Food shipment volumes across restaurants and hotels are still down, while on-demand food delivery volumes have gone up during this pandemic.
Brett Hart served six months in 2015-16 as interim CEO of United Airlines while CEO Oscar Munoz recovered from heart surgery.
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.
Recommendations include electronic invoicing, advance appointments, emergency sick leave.
One of the Middle East’s largest airlines targets freight to keep its more than 250 aircraft flying during the coronavirus pandemic.
“Substantial” federal funding needed to maintain service, board chairman warns.
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.
Selection from private sector feeds speculation of potential privatization of federal agency.