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IATA: Airline companies could turn into ghosts

New forecasts from the International Air Transport Association (IATA) are painting a bleak picture for airline recovery. According to the IATA's recent updated analysis, which profiled damage wrought by the COVID-19 crisis on the global airline industry, airline passenger...

source: By Lark Gould
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The Port of Los Angeles had its best month ever in August, but Executive Director Gene Seroka wasn’t sipping champagne during Tuesday’s press conference on volumes. "One month or even one quarter does not make a trend," Seroka said. "Despite this import surge...

source: American Shipper

The top cargo official at the International Air Transport Association (IATA) will exit early next year as part of a restructuring to reduce costs amid a global pandemic that has wrecked the finances of member airlines. IATA confirmed that Glyn Hughes, the global head of...

source: American Shipper

People may have found it odd when thieves made off with truckloads of hot tubs and beef within days of each other in rural Alberta, but the Insurance Bureau of Canada says it highlights a growing type of crime perpetrated by sophisticated culprits. "It's obviously not a...

source: Inside Logistics

The gap between short-and long-term contract ocean freight rates on the transpacific trade lane has risen to a new record difference of US$2,400 per FEU, shipping association BIMCO has highlighted. And the record gap, according...

source: Lloyd's Loading List

Bullish commentary from the trucking industry and positive intraquarter updates from carriers have confirmed what the data has been showing for several weeks now: Third-quarter earnings for trucking companies will be strong and that strength may continue for a while. While...

source: Freight Waves

Boeing has opened two additional lines overseas to convert former passenger planes to freighters as orders for the 737-800 and 767-300 increase. On Sunday, Boeing announced it had received an order from an unidentified customer to convert two 737-800s to freighters, increasing...

source: American Shipper

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