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https://www.freightwaves.com/news/daily-infographic-2020-transborder-freight
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https://s29755.pcdn.co/news/daily-infographic-2020-rail-freight
Atlas Air Worldwide Holdings (NASDQ: AAWW) last week reported an eightfold increase in adjusted net income and 25% more revenue in the third quarter compared to last year, but will not return $406 million in emergency coronavirus aid the U.S. government intended for financially battered airlines to retain workers.
The all-cargo carrier and aircraft lessor fully qualified for the federal funds because there was no guarantee the airfreight market would flourish at the time, the program wasn’t...
https://s29755.pcdn.co/news/atlas-air-refuses-to-repay-us-bailout-funds
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https://s29755.pcdn.co/news/daily-infographic-pfizers-transport-plan
The traditional logistics and inventory model behind the exercise equipment supply chain is now doing somersaults in the U.S., a country beset by the coronavirus pandemic.
Eric Goldapske, senior director of operations at Horizon Fitness, said at FreightWaves LIVE @HOME Thursday that exercise equipment suppliers have had to shift from mostly serving public gyms to dealing with homeowners almost overnight as COVID-19-related social distancing measures were put in place.
People have not stopped...
https://www.freightwaves.com/news/exercise-equipment-inventories-somersault-over-covid-19-with-video
Airlines continued to rehabilitate cargo business in September, but the air travel recovery from the coronavirus pandemic is stalling, the industry’s leading trade group said Wednesday. The backslide in passenger growth due to the disease’s resurgence will reduce aircraft capacity for companies with goods to ship.
The air cargo sector has retained 92% of its business while almost 90% of passenger demand has evaporated because of travel fears and government restrictions. Further improvement in...
https://s29755.pcdn.co/news/air-cargo-momentum-builds-air-travel-stumbles
The International Air Transport Association on Tuesday pleaded for more government aid to stave off bankruptcies and mass layoffs because fixed expenses far exceed paltry revenue streams and are quickly draining cash reserves.
IATA downgraded its revenue outlook for next year because of the slow recovery from the coronavirus pandemic. Governments are closing borders and implementing other travel restrictions as infections surge at a record pace in Europe and the U.S. The industry association...
https://s29755.pcdn.co/news/fixed-costs-to-sink-airlines-unless-governments-intervene-iata-warns
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https://s29755.pcdn.co/news/daily-infographic-transportation-employment-rates-2020
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https://www.freightwaves.com/news/daily-infographic-mid-pandemic-restocking-boom
The U.S. Federal Maritime Commission (FMC) on Thursday afternoon voted to extend an order that allows service contracts to be filed up to 30 days after they take effect to provide relief to shippers, freight forwarders and consolidators, and ocean container carriers impacted by the coronavirus pandemic.
The initial order, which the FMC approved on April 27, had been scheduled to expire Dec. 31. However, the commission approval of the order’s extension will provide the ocean container shipping...
https://s29755.pcdn.co/news/fmc-extends-coronavirus-related-service-contract-filing-flexibility