Newsletter – April 1, 2020
AIR FREIGHT UPDATES
Airports in China’s Hebei Province reopench-aviation.comOver two months after the start of the province’s complete lockdown, Chinese authorities have reopened all airports in Hubei except Wuhan for domestic services. The province’s main gateway is due to reopen on April 8. Read more here.
Airlines Facing Rapid Cash Burniata.orgThe International Air Transport Association (IATA) published new analysis showing that airlines may burn through $61 billion of their cash reserves during the second quarter ending 30 June 2020, while posting a quarterly net loss of $39 billion. Read more here.
US airlines mull route consolidationch-aviation.comUS carrier executives are expected to meet with the Department of Transportation (DOT) to discuss a possible consolidation of routes in order to cut losses across the sector, CNBC has reported.The US government has already approved a USD50 billion aid package for the airlines, mandating them to retain employment for six months and maintaining flights wherever feasible. Read more here.
OCEAN FREIGHT UPDATES
HMM starts with THE Alliancesplash247.comToday marks the first day for HMM in THE Alliance. The Korean flagship joins Hapag-Lloyd, Ocean Network Express (ONE) and Yang Ming in the grouping that operates combined services on the main east-west trades. Read more here.
MSC introduces new flexible cargo service to fight congestion riskssplash247.comMediterranean Shipping Company (MSC) has introduced a new flexible cargo service to help fulfil the imminent resumption of demand from Asia and ensure service continuity.According to MSC, the new Suspension of Transit (SOT) programme is part of its ongoing response to the impact of Covid-19 and is focused in particular on a resumption of demand of a wide variety of goods from Asia, includes container yard storage in six transhipment hubs across Asia, the Middle East, Europe and the Americas, ensuring that goods can be shipped close to their destinations as soon as possible and providing easier cargo flow for customers. Read more here.
FMC tracks COVID-19-induced supply chain bottlenecksfreightwaves.comOn March 31, the U.S. Federal Maritime Commission (FMC) authorized Commissioner Rebecca Dye to begin working with representatives from the container-shipping industry to identify “operational solutions to cargo delivery challenges” caused by the coronavirus pandemic. Read more here.
Manila terminal chief pleads with owners to collect cargo as reefers pile uptheloadstar.comThe Philippines gateway of Manila has emerged as a new hot spot of reefer container congestion, as carriers stop unloading at the port.In a message to customers, MSC said that there were now no available reefer plugs at the port as haulage collections of import containers had hampered by a city-wide lockdown set to run until mid-April at the earliest. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Breaking: US-Canada trucker border crossings plungefreightwaves.comNearly 24% fewer truck drivers entered Canada from the U.S. last week compared to a year earlier, a sign that COVID-19 is hurting the flow of freight between the two countries.The Canada Border Service Agency (CBSA) said on Tuesday that 88,290 truck drivers entered Canada from its land border crossings with the U.S. from March 23 to 29. During the same week in 2019, 115,239 truckers entered Canada. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Five Ways COVID-19 May Impact The Future Of Infrastructure And Transportationforbes.comWith each passing day, reports on rising total confirmed cases of COVID-19 continue to dominate the global conscience, and the novel coronavirus is now present on every continent except for Antarctica. And the resulting fear is more pervasive. Read more here.