February’s coronavirus shutdown in Wuhan, China hit American food exports hard. Shippers transport perishable food in refrigerated containers called “reefers.” When unloaded, they must connect to electric power via “reefer plugs.” Reefer plugs at China ports filled up after the Wuhan outbreak. Now, it’s happening again. Reefer-plug capacity maxed out in February because China severely […]
United Airlines (NASDAQ: UAL) achieved 36.3% growth in cargo revenue in the second quarter after transitioning idle aircraft to cargo-only flights, but the glimmer of good news was overshadowed by a $1.6 billion net loss. It was the worst quarter in United’s 94-year history. Revenues fell 87% year-over-year as travel demand evaporated because of travel […]
Airlines need more government help dealing with the fallout from the coronavirus if they are to get through the winter doldrums, when revenues tend to wane, the International Air Transport Association (IATA) said Tuesday. The key to survival during the winter is schedule flexibility at large airports and for that airlines say they need relief […]
Executive Director Roger Guenther believes Port Houston has turned a corner. “We had nine blank sailings in the month of May,” Guenther said. “But the worst should be behind us. We are aware of seven blank — or canceled — sailings to Houston in June and only three for the month of July.” Container volume […]
The three largest global organizations representing the workforces of the maritime and air transport industries have asked their government members to ensure the continued cross-border movement of these “key workers” to and from their jobs. The coronavirus pandemic has resulted in a flurry of government bans on international travel, which has obstructed necessary crew changes […]
Trailing data released Tuesday by the International Air Transport Association (IATA) showed total air cargo volume in April plunged 27.7%, year-over year because of the global recession caused by the coronavirus crisis. The airline industry group said it was the sharpest one-month fall in cargo business since it started collecting data in 1990. The figure […]
The slump at the nation’s ports continued in April as 20-foot-equivalent container (TEU) volumes were down, in some cases by double digits when compared with 2019. The Port of Los Angeles reported a 6.4% year-over-year decrease as it processed 688,999 containers in April compared with 736,465 in the same month a year ago. The facility’s […]
Imagine the Empire State Building laid on its side. The newly christened HMM Algeciras is more than 60 feet longer than the New York City landmark is tall. A walk around the world’s largest container ship would be about half a mile. A naming ceremony was held Thursday for the HMM Algeciras, which has a […]
Under authority of the White House, Customs and Border Protection (CBP) will allow U.S. importers of certain goods to defer their payments of duties, taxes and fees for the next 90 days, starting April 20. The temporary duty deferment was included in an executive order signed by President Trump on Friday, April 17, to help American businesses […]
A monster economic hurricane has suddenly stalled indefinitely over each of the Caribbean islands simultaneously. Coronavirus deaths remain relatively low here — it’s not yet a pandemic hotspot — but financial fallout is potentially catastrophic due to the region’s reliance on tourism. “Coronavirus has had a huge effect on the Caribbean. It’s not immune. It’s getting rocked, […]
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