economic recovery

With eye on rebound, United looks for alternative to furloughs

White jets with blue tails at airport terminal

Domestic airlines this week announced plans to permanently eliminate large numbers of management and administrative jobs as a prelude to even larger reductions in frontline forces. But United Airlines (NASDAQ: UAL) CEO Scott Kirby dismissed furloughs as an a primary option, saying they are a temporary solution that undermines the ability to capitalize on growth opportunities when coronavirus fears subside and travel takes off again.

No one knows when strong demand will return, so United’s...

https://s29755.pcdn.co/news/with-eye-on-rebound-united-looks-for-alternative-to-furloughs

Ports see ‘longer battle’ ahead before volumes turn corner

U.S. ports have revised their initial outlook in March forecasting a quick “V-shaped” recovery in freight volumes and instead do not anticipate a turnaround this year.

That was the message relayed to lawmakers on Capitol Hill via the first-ever public teleconference hearing held by the House Transportation & Infrastructure Committee on Friday.

“At this stage in the pandemic, the hope for a quick recovery has been replaced by the realization of a longer battle ahead,” testified Association of...

https://s29755.pcdn.co/news

Breaking: New United CEO revamps C-suite to deal with COVID

White planes with blue tails on the tarmac.

Scott Kirby, who took over as CEO of United Airlines (NASDAQ: UAL) a week ago, wasted no time reshuffling the leadership team as the company tries to navigate the coronavirus crisis and a diminished travel market for the foreseeable future.

Late Wednesday he promoted Jon Roitman to chief operations officer, effective June 1. Greg Hart, the current COO who had indicated a desire to retire within 18 months or less, was tasked with developing medium- and long-term strategies for improved safety,...

https://s29755.pcdn.co/news/breaking:-new-united-ceo-revamps-c-suite-to-deal-with-covid

Auto haulers may soon be on the upswing

COVID-19 has thrown a wrench in the works of most supply chains, especially that of automobile manufacturing, which saw U.S. and Mexican plants close in the wake of the pandemic. The sudden shutdown in automobiles leaving the factories, compounded by a decrease in consumer demand for cars has left many auto haulers in a precarious situation. 

Things may be looking up, however, as automobile manufacturers across America including Detroit’s “Big Three” (Chrysler, Ford, General Motors) restart...

https://s29755.pcdn.co/news/auto-haulers-may-soon-be-on-the-upswing

Emerge founder ‘optimistic’ for freight recovery

The COVID-19 pandemic completely flipped the script on what was looking to be a solid year for freight markets. The economic standstill has suffocated many truckload sectors, but Emerge founder Andrew Leto believes that the worst may soon be behind us if the nation gets the go-ahead to jump back into rush-hour traffic.

On this episode of Freight.Tech Update presented by Emerge, FreightWaves market expert and analyst Zach Strickland discusses with Leto the benefits of opening the economy sooner...

https://www.freightwaves.com/news/emerge-founder-optimistic-for-freight-recovery

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