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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 Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending November 28, 2020, as well as volumes for November 2020. U.S. railroads originated 900,194 carloads in November 2020, down 5.8 percent, or...

source: AAR.org

With just over five weeks left until the end of the Brexit transition period, fear is continuing to rise that the UK ports, terminals, and the services that support the operations are not ready. Increasingly there are predictions of the...

source: The Maritime Executive

Shipping carriers seeking to capitalize on the most lucrative trade routes are returning empty cargo containers to Asia, contributing to freight rates that have soared to record highs. Because the carriers aren't first loading the boxes with exports before returning to...

source: gCaptain

Canadian maritime terminal operator QSL has bought out Groupe Robert's stake in Transport Watson & Sycamore to become full owner of the heavy-haul trucking company based near Montreal. Quebec-based QSL announced the transaction on Tuesday without disclosing a price. The...

source: American Shipper

The U.S. merchandise-trade deficit widened in October as imports reached the highest in more than a year, outpacing a gain in the value of exports. The shortfall grew to $80.3 billion from $79.4 billion in September, according...

source: Bloomberg

The U.S. Federal Maritime Commission (FMC) has tightened the screws on the three major ocean carrier alliances, demanding carrier-specific trade data is filed monthly rather than quarterly. The data goes to the FMC's Bureau of Trade...

source: The Loadstar

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