Newsletter – January 28, 2021

  • Newsletter – January 28, 2021


    China Misses Expected Boost from Lunar New Year
    China’s lunar new year is in mid-February. It is China’s most important holiday. Typically, hundreds of millions of travelers go on the move, heading home for the holiday. For China’s airlines, it’s usually the busiest time of the year. But not this year. On the back of another wave of COVID-19 in China, the 2021 lunar new year looks like being a bust for China’s airlines. Read more here.

    Carriers quick to return cargo capacity to the market after Christmas
    Air cargo capacity quickly recovered to pre-Christmas levels after a temporary dip over the break, according to the latest figures from Accenture’s Seabury Consulting.
    The latest Seabury figures show that capacity across express carriers, freighter carriers and bellyhold operations dipped in the last week of the year (see chart) but was not as large a drop off 2019 levels and made a quick recovery.  Read more here.


    CP Rail’s profit up 21 percent in Q4 of 2020
    Canadian Pacific Railway Ltd. is optimistic about 2021 after concluding a record year with net profits surging nearly 21 percent in the fourth quarter despite softer revenues.
    “We’re ready for the year. We’ve got the momentum. Moving into ’21, wind’s at our back. This team is ready to produce,” president and CEO Keith Creel said in an earnings call Wednesday. Read more here.


    Frozen Fish Pileup in China Threatens Global Supply Chains
    (Bloomberg) — Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. Sign up here, and subscribe to our Covid-19 podcast for the latest news and analysis on the pandemic. A huge pile up of fish cargoes at a Chinese port risks impacting shipments of frozen food across the country and beyond. Read more here.

    Forwarders say new US cargo security programme is a quick fix
    US forwarders have warned that plans for a new US air cargo security programme could be a quick fix benefiting only a select few.
    Last Wednesday, the US Transportation Security Administration (TSA) met with air cargo stakeholders to outline proposals for a new security regime in line with incoming International Civil Aviation Organization (ICAO) requirements. Read more here.

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