Newsletter – February 12, 2020
AIR FREIGHT UPDATES
American Airlines Extends China Flight Suspension To Late Aprilsimpleflying.comJust a day after British Airways extended its suspension of flights to mainland China until the end of March, American Airlines has also extended its flight suspension to the region. Read more here.
Air Italy collapses, heads into liquidationch-aviation.comAir Italy (IG, Milan Malpensa) has ceased all operations as of Tuesday, February 11, after its shareholders, Alisarda Group (owned by the Aga Khan Fund for Economic Development (AKFED)) and Qatar Airways Group, which own the carrier’s parent firm AQA Holding in a 51/49 partnership, elected to liquidate the loss-making carrier. Read more here.
Canada’s Chrono Aviation secures investment, to grow fleetch-aviation.comChrono Aviation (NDL, Québec) will see “a significant investment” in its business from Arctic Co-operatives Limited, a federation that provides support to community-based co-operatives providing services in northern Canada, the two partners said in a joint statement dated February 4. Read more here.
GROUND AND RAIL FREIGHT UPDATES
CN May Be Forced to Shut Down Parts of Network Due to Blockadescn.caCN announced that it will be forced to shut down significant parts of its Canadian network imminently unless the blockades on its rail lines are removed. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Hackers target shipping with coronavirus themed emailssplash247.comCybersecurity firm Proofpoint is reporting a new hacking group that targets the global shipping industry and its fears over the spread of the coronavirus. The California company has detailed how emails are being sent with the subject line ‘Coronavirus – Brief note for the shipping industry’. Read more here.
The quickly disappearing corrugated box: How packaging is changingsupplychaindive.comAs in many things e-commerce, Amazon has been one of the driving forces in changes to packaging, namely less of it and with sustainable materials. The company announced in September 2018 its “Frustration-Free Packaging Vendor Incentive Program” intended to drive sellers to use smaller, lighter and more sustainable packaging options. Amazon started implementing fines on Aug. 1, 2019, according to The Wall Street Journal. Sellers who don’t meet the standard can be fined $1.99 per order. Read more here.
Coronavirus to Hit U.S. Retail Imports in Februarygcaptain.comImports at the United States’ major retail container ports are expected to see a sharper-than-usual decline this month as the coronavirus causes factory shutdowns in China, according to a new report by the National Retail Federation and Hackett Associates. Read more here.