cancellations

Severe winter storm causing airport closures, flight cancellations

A powerful winter storm that began Tuesday night has been slowly moving across a large part of the country.

Places from the Southwest to the Northeast have been slammed with heavy snow, sleet and freezing rain. Winter storm alerts from the National Weather Service stretch more than 2,200 miles from Dallas-Fort Worth to the Maine-Canada border.

Related: States of emergency declared ahead of major winter storm

Speaking of Dallas-Fort Worth, the cities’ international airport was closed until 8 a.m....

https://www.freightwaves.com/news/severe-winter-storm-causing-airport-closures-flight-cancellations

Anatomy of a truck order: Sometimes you just turn the page

Month after month, industry analysts report new Class 8 preliminary and net truck orders, snapshots of an industry in which peaks and valleys come about every two years of an economic cycle.

Preliminary orders don’t take into account orders that a fleet, or a manufacturer, might cancel for any number of reasons. Net orders, which follow the first cut by about 15 days, lock down a better read on what happened. The two numbers directionally correlate. Cancellations are a barometer of how customers...

https://www.freightwaves.com/news/anatomy-of-a-truck-order-sometimes-you-just-turn-the-page

What does Navistar loss portend for other truck manufacturers?

International construction truck

Navistar International Corp.’s second-quarter fiscal loss from COVID-19-disrupted production in April points to worse numbers for truck manufacturers that will report pandemic-addled results for the April-June quarter.

For Navistar (NYSE: NAV), things likely will get worse in its third quarter, which covers May-July. Its second-quarter report on Thursday, June 4, pointed to the difficulties that manufacturers and suppliers will unpack when they report their second quarter results in July.

None of...

https://s29755.pcdn.co/news/what-does-navistar-loss-portend-for-other-truck-manufacturers?

Idled Containership Capacity Set To Reach a Record High of 3m teu

  • Inactive containership fleet will breach the 3m teu mark for the first time making 13% of the entire global box fleet will be out of work.
  • The inactive containership fleet dropped last month having hit a record of 2.46m teu at the start of March.
  • Forward bookings from Asia to North Europe down by over 50%, and it could even be worse than that.
  • Ocean rates kept stable, with China-US West Coast rates even climbing by 5% to $1,604.
  • Sea-Intelligence warned that a failure to prevent a simultaneous...

http://mfame.guru/idled-containership-capacity-set-to-reach-a-record-high-of-3m-teu/

Cruise Line’s Cancellations On The Rise Due To Coronavirus

  • Several cruise ships have rerouted or canceled their operations due to virus.
  • Celebrity Cruises has moved its schedule three months earlier.
  • Celebrity Constellation will refund its guests with the affected bookings.
  • Cruise ship Westerdam finally disembarked its passengers in Cambodia after passengers were tested negative.

According to an article published in the Safety4sea, several ports in Asia are ceasing their operations with major cruise lines rerouting or canceling their sailings.

Increase...

http://mfame.guru/cruise-lines-cancellations-on-the-rise-due-to-coronavirus/