Airlines remodel idle passenger planes into air freighters to keep cargo moving
Growing demand for distribution of emergency supplies, such as face masks, around the globe is also prompting aviation firms to make such moves.
Amid pandemic, it’s getting a lot harder to ship food around the world
The port backups that have paralyzed food shipments around the world for weeks aren’t getting much better. In fact, in some places, they’re getting worse. In the Philippines, officials at a port that’s a key entry point for rice said earlier this week the terminal ...
Seafarers grounded in pandemic add to strain on supply chains
Port restrictions and canceled flights are straining the ability for shipping firms to replace seafarers, further weakening global supply chains already snarled by the COVID-19 pandemic. Hubs like Singapore, Abu Dhabi and Shanghai have halted most crew transfers, while global lockdowns have complicated travel from ...
Coronavirus-hit airlines swap passengers for cargo to stay aloft
Unable to fill planes with passengers as the coronavirus destroys travel demand, airlines are instead using their fleets to transport more cargo, including medicines, smartphones and Korean strawberries. The likes of Cathay Pacific Airways Ltd., Korean Air Lines Co. and American Airlines Group Inc. are ...
Air cargo carriers say China demand weak despite passenger flight cuts amid virus
Major air cargo carriers said they have no immediate plans to add China flights to replace the capacity lost amid steep cuts to passenger travel due to the new coronavirus, as many factories have remained shut down after the Lunar New Year. Aviation data firm ...
Tanker costs surge as Chinese firms face sanctions over Iran oil
Oil tanker costs are surging after the U.S. slapped sanctions on Chinese companies it accused of hauling Iranian crude on Wednesday, prompting a scramble in freight markets to secure alternative vessels. Rates for ships hauling 2 million-barrel cargoes of Middle East oil to Asia have ...
Air cargo carriers caught in crossfire of Trump-China trade dispute
U.S. President Donald Trump's intensifying trade war with China dented air cargo traffic even before FedEx Corp. got dragged into the brawl, as companies worldwide reconfigure their supply chains in the face of increasing tariffs. Global cargo demand fell 4.7 percent in April from a ...
'Yellow vest' protests block fuel depots in France, as retailers feel the pinch
Protesters angered by higher fuel taxes blocked access to three oil depots in France and sporadic unrest erupted in the overseas territory of Reunion, in a third day of demonstrations against President Emmanuel Macron's economic reforms. Up to 20,000 protesters clad in fluorescent high-visibility jackets ...
Japan firms try out China's 'Belt and Road' cargo transport to Europe
Japanese and Chinese logistics firms are paving the way for an alternative route to ship cargo from Japan to Europe faster than by sea by exploiting China's "Belt and Road" initiative designed to improve regional cooperation and connectivity. Major Japanese logistics firm Nissin Corp. and ...
Online shopping drives air freight profits higher despite protectionism fears
An explosion in e-commerce demand is buoying the air freight business, boosting profit at some major airlines despite global trade tensions and underscoring robust consumer confidence. Air freight demand is expected to rise 4 percent this year, the International Air Transport Association said at its ...
