air cargo

United Deep Dive: Earnings call underscores airlines’ disciplined survival plan

White jet on appoach for landing.

No one knows when the economic depression will end. It’s no surprise that many companies lost money in the first quarter and will have worse results during the second quarter. Instead, investors are trying to figure out who is able to recover fastest and win market share in a post-pandemic reopening.

That’s why no one cares that United Airlines (NASDAQ: UAL) lost $1.7 billion in the first three months of the year. For the airline industry the metrics that count now are liquidity and cash burn....

https://s29755.pcdn.co/news/united-deep-dive-earnings-call-underscores-airlines-disciplined-survival-plan

Flexport to open platform for third-party app developers

A Flexport product engineer at his workstation.

James Chen, the chief technology officer (CTO) at Flexport, has a grand vision for global trade technology – Amazon-like ETA prediction and an open ecosystem of new tools built in a layer on top of Flexport’s data.

Flexport, the digital freight forwarder founded in San Francisco in 2013, has double-downed on its technology investments over the past year and says that the COVID-19 pandemic has deepened the company’s commitment to its long-term tech vision.

Chen spoke with FreightWaves about what...

https://www.freightwaves.com/news/flexport-to-open-platform-for-third-party-app-developers

United Airlines plans for worst, hopes for best

White regional jets parked at airport.

United Airlines’ President Scott Kirby on Friday laid out a stark future for the airline industry, saying  the carrier is preparing for a scenario in which there is no passenger revenue into next year and it will have to dismiss thousands of workers if travel doesn’t rebound from the coronavirus crisis.

In a matter of weeks, the pandemic has vaporized an industry that was seeing record growth, turning airports into ghost towns and airplanes nearly empty. United appears to be the most pessimistic...

https://www.freightwaves.com/news/united-airlines-plans-for-worst-hopes-for-best

Drilling Deep: airlines do a quick two-step to orient more toward freight

Airlines have suffered mightily from the loss of passenger traffic as a result of the pandemic. But there also has been a demand for their services to move freight, including an area that has always been taken to the skies to move from point A to point B: medical supplies.

On this week’s Drilling Deep podcast, host John Kingston talks with his colleague Eric Kulisch of FreightWaves on how airlines have tried to use their spare capacity to compensate for their loss in passenger movement. There...

https://www.freightwaves.com/news/drilling-deep-airlines-do-a-quick-two-step-to-orient-more-toward-freight

DOT called out for gaps in truck safety, COVID-19 leadership

A new report from a government watchdog agency urges more action from the U.S. Department of Transportation (DOT) on truck safety oversight and in responding to pandemics such as COVID-19.

The two issues are among 16 new or existing “open priority recommendations” published by the U.S. Government Accountability Office (GAO) on April 30. Such recommendations are those GAO considers needing the most attention from heads of key departments or agencies.

According to GAO, “they are highlighted...

https://www.freightwaves.com/news/dot-called-out-for-gaps-in-truck-safety-covid-19-leadership

DSV Panalpina: Q1 results satisfactory, ‘all things considered’

DSV Panalpina (CPH: DSV) estimated the coronavirus pandemic negatively impacted first-quarter earnings before interest and taxes (EBIT) by about 250 million Danish kroner ($36.6 million) and said it was taking steps to reduce annual costs by DKK 1.4 billion ($205 million).

“When this year started, we were really looking forward to demonstrating the strength of the DSV Panalpina combination,” said Group CEO Jens Bjørn Andersen in the interim financial report for Q1 released Thursday. “The...

https://www.freightwaves.com/news/dsv-panalpina-q1-results-satisfactory-all-things-considered

DB Schenker, Airbus innovations maximize cargo space in passenger jets

A big passenger plane gets loaded with cargo in the hold.

Logistics and aviation companies are proving extremely resourceful developing ways to add cargo capacity to an air transport system experiencing severe bottlenecks due to the shortage of freight-capable aircraft.

On Thursday, Germany logistics group DB Schenker announced it has created a virtual airline in partnership with Icelandair to shuttle medical supplies to Europe and the U.S. on passenger planes with seats removed. And giant aircraft manufacturer Airbus said it also has developed a...

https://www.freightwaves.com/news/db-schenker-airbus-innovations-maximize-cargo-space-in-passenger-jets

Indian supply chains descend into ‘chaos’ as the lockdown goes nationwide

Cargo is being abandoned at Indian airports amid the “chaos” caused by the country’s three-week nationwide lockdown.
Having started on Sunday in some cities, the anti-coronavirus measures were extended on Wednesday to include the entire 1.3 billion population until 15 April.
Cargo movement is supposed to be exempt from the lockdown restrictions, but there are widespread reports of disruption across land, sea and air.
“Due to city-wide lockdown, vehicles are not moving freely …

The post Indian...

https://theloadstar.com/indian-supply-chains-descend-into-chaos-as-the-lockdown-goes-nationwide/

Flight cancellations and factory closures hit South Korea trade as coronavirus erupts

Coronavirus in South Korea has prompted flight cancellations and factory closures, with reports of capacity problems at ports and airports.
Reminiscent of China’s sudden isolation in late January, airlines around the world have cancelled or suspended Korea flights following a surge in virus cases in the city of Daegu, North Gyeongsang province.
As of today, there are 1,146 confirmed cases of virus and 12 deaths, according to local media.
In a status update …

The post Flight cancellations and...

https://theloadstar.com/flight-cancellations-and-factory-closures-hit-south-korea-trade-as-coronavirus-erupts/

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