air cargo

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/

Retailers now believe sea-air the best way to get their goods out of China

Major retailers awaiting their spring-summer stock are planning to opt for sea-air to get their goods out of China.
The garment industry wants its new season launches into shops before Easter, in eight weeks’ time, but “some 70% to 80% of Chinese factories are still not back up to speed,” said Grant Liddell, business development director for Metro Shipping.
“So there will be at least another week’s delay in production, and a lot …

The post Retailers now believe sea-air the best way to get their...

https://theloadstar.com/retailers-now-believe-sea-air-the-best-way-to-get-their-goods-out-of-china/

Shippers brace for delays as coronavirus keeps China’s factories closed

Container shippers should expect more blanked sailings and increased freight rates if China’s coronavirus outbreak extends factory closures, while airlines are scrambling to reduce flights into the country.
The government has already extended the lunar new year holiday until 2 February, but workers in major cities like Shanghai and Ningbo have been told to stay home until 10 February.
“Should this additional week-long shut down be extended nationally, it would be no …

The post Shippers brace for...

https://theloadstar.com/shippers-brace-for-delays-as-coronavirus-keeps-chinas-factories-closed/

Air cargo: don’t rest on your laurels, other modes are targeting your business

The net seems to be closing in on air cargo. The market is soft; trade is down. But there are other worries for this most fragile of industries. 
Other modes are coming for its business. Yesterday Russian Railways announced that cargo transport on its network between Shanghai Cooperation Organization (SCO) countries rose 7% year-on-year between January and August. And it is eyeing more. The railway is offering 50% discounts on the transport of a …

The post Air cargo: don’t rest on your laurels,...

https://theloadstar.com/air-cargo-dont-rest-on-your-laurels-other-modes-are-targeting-your-business/

Vietnam ‘has bitten off more than it can chew’ as it struggles with growth

Air cargo capacity serving Vietnam is on the rise.
Last week, Ethiopian Airlines started a weekly B777F service to Bangkok and Hanoi, and in line with the carrier’s triangular strategy, the flight is routed from its home base via Europe to Asia.
“These flights make Ethiopian the first African carrier to operate cargo flights from Bangkok, and will also create better opportunities for Thai and Vietnamese exporters to have a one-stop access …

The post Vietnam ‘has bitten off more than it can chew’...

https://theloadstar.com/vietnam-has-bitten-off-more-than-it-can-chew-as-it-struggles-with-growth/

Panalpina warns of higher charges to come as first-half profit dips

Panalpina has blamed US-China trade tension and market uncertainty for lower first-half profits – and warned of rising charges for customers. 
Publishing a Q&A with its heads of air and ocean freight, Lucas Kuehner and Peder Winther, the company notes depressed markets in both modes. 
In air freight for the first half, Panalpina’s ebit was Sfr38.4m ($39m), from net forwarding revenues of Sfr1.5bn, down 28% and 2.5% year-on-year respectively. But Mr Kuehner said that the exceptionally …

The post P...

https://theloadstar.com/panalpina-warns-of-higher-prices-to-come-as-first-half-profit-dips/

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