News in Brief podcast | Week 30 2024 | Surcharges, strikes and IATA's stressful settlements
In this episode of The Loadstar’s News in Brief Podcast, host and news reporter Charlotte Goldstone ...
BA: BIG WINUPS: ON WATCHDSV: EXPECTATIONS RUNNING HIGH WMT: LEAST SHORTED STOCK KNIN: EARNINGS NEXTDHL: ENVISION DEALDHL: NEW CHINESE PARTNERFDX: GLOBAL IT OUTAGE IMPACT FELTUPS: GLOBAL IT OUTAGE IMPACT FELTJBHT: PAYOUT UNCHANGED ODFL: STEADY LOW YIELDMAERSK: BACK TO PRE-RED SEA CRISIS LEVELSDSV: SURGING
BA: BIG WINUPS: ON WATCHDSV: EXPECTATIONS RUNNING HIGH WMT: LEAST SHORTED STOCK KNIN: EARNINGS NEXTDHL: ENVISION DEALDHL: NEW CHINESE PARTNERFDX: GLOBAL IT OUTAGE IMPACT FELTUPS: GLOBAL IT OUTAGE IMPACT FELTJBHT: PAYOUT UNCHANGED ODFL: STEADY LOW YIELDMAERSK: BACK TO PRE-RED SEA CRISIS LEVELSDSV: SURGING
Global trade tensions and weakened consumer confidence is, apparently, not enough to keep the air freight sector down. Reuters reports that an “explosion” in e-commerce demand has buoyed carriers’ hopes of another bumper year of profitability. Citing IATA, the report claims demand for air cargo capacity will rise 4% this year, with “freight-heavy” carriers like Cathay, Emirates, Lufthansa, and Korean set to be the big winners. Of course, the likes of FedEx and UPS – facing its first strike since 1997 – are also set to be beneficiaries of booming online consumption.
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