• Our April 2020 survey of airline CFOs and Heads of Cargo confirmed the sharp weakening in the Q1 business environment amid the spread of COVID-19.
The challenging business backdrop – including weakness in profitability – is expected to be maintained through the next twelve months.
• Passenger and cargo demand both collapsed in Q1, although the decline was more pronounced for passenger traffic.
Yield developments were mixed, with respondents reporting that passenger yields eased over the course of the quarter, while cargo yields increased.
• Industry-wide cargo tonne kilometres (CTKs) contracted by 15.2% year-on-year in March, driven by sharply weaker demand across all regions as the COVID-19 outbreak extended to become a global pandemic.
• Industry-wide cargo capacity declined by 22.7% annually due to the reduction in bellyhold capacity, as the passenger fleet were increasingly grounded. Dedicated freighter operations raised their capacity and some passenger aircraft shifted to cargo-only operations which partly offset this decline. With capacity contracting by more than demand, the global cargo load factor improved by 4.8 ppts in March, compared with the same period a year ago.
There is a growing shortage of shipping containers. Cargo and freight being exported use the empty containers from goods that come into the country.
With a drop in imports containers may become scarce. Will you be affected?
We know there are a lot of things on your mind right now, so we just wanted to reassure you that Easy Freight Ltd is deemed as an essential service and will remain in operation to support you with any request.
We’re a digital-first team and have well-established systems in place to work remotely.
YOU WILL LEARN:
Reporter: There is going to be a significant change for online shoppers in New Zealand, just in time for Christmas.
New Zealand Customs Service has issued a reminder to NZ importers to ensure they correctly declare the origin of inbound goods on import entries — particularly from Western Sahara.
“In the case of imported goods originating from Western Sahara, the country code ‘EH’ should be input in the import entry’s origin field,” stated the agency.
You may have good insurance, pay the premiums on time but then have the insurance claim denied because your employees were not trained to meet the requirements.
Let’s discuss how your business needs to operate to ensure that you are covered when disaster strikes.
1-minute read (22-minute watch)
Access to a wide investor audience, so it’s a quick and efficient way for you to raise funds.
This week our guest speaker was Simeon Burnett is the CEO & Co-Founder – Snowball Effect. It is New Zealand’s leading online investment marketplace. They help NZ companies raise funds to increase the rate of your company’s growth.
13-minute read (27-minute watch)
If I had this info before I imported for the first time I’d saved lots of time & money
📚 YOU WILL LEARN:
Last week’s Commentary column explored the supply chain friction that is occurring with container detention charges one of the central issues.
In recent times, where container depots around Auckland have been full, and the truckers working for importers and forwarders have been unable to de-hire empties, arguments have erupted when detention notices have been issued.