Newsletter – March 20, 2020
AIR FREIGHT UPDATES
American Airlines Revisits Operating Cargo-Only Flights After 36 Yearssimpleflying.comAmerican Airlines is operating its first cargo-only flight for the first time in over 35 years, as the airline continues routes to ensure the supply of life-saving cargo materials. The first of these flights will leave Dallas-Fort Worth for Frankfurt tonight. Read more here.
Breaking: Cathay Pacific To Only Fly To 12 Cities From Aprilsimplflying.comBreaking news coming out of Hong Kong is that Cathay Pacific will only fly to 12 cities in April and May of 2020. This significantly reduced flight schedule comes as the airline is facing a severe drop in demand and travel restrictions across the globe. Read more here.
Major Cuts Coming To Air Canada’s Inflight Servicessimpleflying.comAmid the global coronavirus pandemic, airlines are improving aircraft cleaning and inflight service procedures. Air Canada now has announced some major inflight service cuts. Read more here.
OCEAN FREIGHT UPDATES
Low cargo volumes drive two PortMiami terminals to plan temporary closuresfreightwaves.comTwo PortMiami terminals have scheduled temporary closures because of low import container volume. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
44% increase in firms declaring force majeurecips.orgCoronavirus has led to more than 50,000 cases where enterprise supply chains are at risk, according to a risk management company.Riskmethods said over 46,000 of these cases related to suppliers in China, but the number of suppliers at risk in Italy and other European counties has grown dramatically in March. Read more here.
Global Manufacturing During The Coronavirus Crisis: Supply Shock Meets Demand Shockforbes.comThe announcement by major U.S. and European automakers that they will suspend production highlights how hard it will be to get the supply chains and the global economy back in synch. Many factories were already facing looming parts shortages of one sort or another, as they received their last shipments from China that departed before the traditional Lunar New Year shutdown. Read more here.
Trump signs bill to require many employers to provide paid leavefreightwaves.comThe novel SARS-CoV-2 coronavirus (“COVID-19”) emerged in Wuhan, China, late last year and has since caused a large-scale global pandemic that has seen the virus spread to more than 100 countries in the span of only a few months. Read more here.
China raises export tax rebate on almost 1,500 products to boost virus-hit tradethechronicleherald.caBEIJING (Reuters) – China will increase export tax rebates on almost 1,500 products from March 20, the finance ministry said on Tuesday, as the government looks to ease the pressure on companies hit hard by the coronavirus outbreak. Read more here.