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US-China airline quarrel exacerbates supply shortage for cargo
The air service dispute between the U.S. and China over resuming passenger air travel will have spillover effects for airfreight shippers and other areas of trade as the relationship between the countries deteriorates, industry and legal experts say.
Limiting flights from each country perpetuates the shortage of cargo capacity resulting from the extensive shutdown of passenger operations due to the coronavirus outbreak and sets the stage for potential Chinese retaliation against other industry...
https://s29755.pcdn.co/news/us-china-airline-quarrel-exacerbates-supply-shortage-for-cargo
U.S. reallocates Asia cargo routes to Kalitta and FedEx
The U.S. Department of Transportation granted Kalitta Air and FedEx Express authorization Tuesday to operate between Hong Kong and Singapore on weekly routes relinquished by integrated logistics provider UPS.
Kalitta, a large all-cargo carrier based in Ypsilanti, Michigan, had applied for the three frequencies being returned by UPS, but FedEx (NYSE: FDX) jumped in with a request to operate scheduled freighter service on one of the available routes. The DOT also granted Kalitta’s request to...
https://www.freightwaves.com/news/us-reallocates-asia-cargo-routes-to-kalitta-and-fedex