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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...
If trade deals were football players, Canada's agreement with the United States and Mexico would have been considered a second-stringer a year ago compared to President Donald Trump's original Hail Mary effort to secure a new...
Several Canadian insurers have banded together to provide additional credit capacity to the Trade Partnership Insurance (TPI) program in order to support Canadian businesses impacted by the COVID-19 pandemic. The public/private...
Asian data laid bare the extent of damage to global trade with no clear sign that the worst is over even as the world takes tentative steps toward reopening. An early trade report from South Korea, a bellwether for global commerce,...
A coalition that includes owner-operators, large trucking companies and the freight railroads is looking to head off renewed efforts to permanently raise national truck size standards in the wake of COVID-19. The Coalition Against Bigger Trucks (CABT) asserts that it is...
Rail employment dipped to record low levels in April, walloped by the COVID-19 pandemic and declining coal volumes. The Bureau of Labor Statistics estimates that rail employment among U.S. freight and passenger rail companies was around 157,200 workers in April, down from...
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending May 23, 2020. For this week, total U.S. weekly rail traffic was 428,715 carloads and intermodal units, down 19.2 percent compared with the same week last year. Total carloads for...
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