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Newsletter – June 9, 2020
AIR FREIGHT UPDATES
US airline lobby objects to China’s CAAC once-a-week flight limit
seanews.com.trUS carriers have objected to China’s plan to ease its ban on foreign airlines a course-change that came a day after the Trump administration issued its own limit on Chinese flights, reports Bloomberg.‘While the Chinese response to the Department of Transportation is a step toward parity for US carriers, more is needed to achieve the goals of the agreement,’ the trade group Airlines for America (AfA) said. Read more here.
‘Ghost’ freighters provide marginal boost to shippers
freightwaves.comGhost freighters, passenger planes flying around the world with no paying customers on board, do not frighten logistics companies. That’s because the planes aren’t empty. They’re packed with valuable cargo that producers, retailers and their transportation intermediaries need to move fast. Read more here.
Hong Kong Government Bails Out Cathay Pacific With $5 Billion
simpleflying.comThe government of Hong Kong has agreed to bailout Cathy Pacific to the tune of $5 billion by taking a minority stake in the hard-hit airline. Cathay Pacific and its parent company Swire Pacific announced today that they plan to raise 39 billion Hong Kong dollars ($5 billion) in new capital. Read more here.
Why Are Airlines Selling Tickets For Flights That May Not Happen?
simpleflying.comPassengers booking flights for later this year might be surprised to see some airlines selling quite robust flight schedules. However, those schedules are not exactly accurate right now. Most of those flights, just based on demand, will not be flying, but are available for passengers to continue to book them. Here’s why. Read more here.
OCEAN FREIGHT UPDATES
US ending special trade status threatens Hong Kong’s transhipment traffic
thelodstar.comThe latest skirmish in the US-China trade war could “accelerate the demise” of Hong Kong as a major transhipment port.While the ‘phase one’ trade deal was signed in January, subsequent tit-for-tat blame rhetoric has steadily raised tensions between Washington and Beijing again. Read more here.
GROUND AND RAIL FREIGHT UPDATES
US-Canada Truck Border Crossings Rebound
ontruck.orgBorder data from the Canada Border Services Agency points to a continued uptick for freight, trade from the staggering pandemic plunge, Freightwaves reports. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
After the flood
splash247.comBack to normal, business as usual, regular working. All phrases to which millions of people have clung to during the last six months as the COVID-19 pandemic upended predictions of what the world would be like in 2020. Read more here.