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NEWS\\\


While air cargo volumes diminished rapidly in March, new data for April from CLIVE Data Services offers some hope that leading economists are right and the decline in the global economy is ‘bottoming out’. For April as a whole, volumes


declined 39% year-on-year, but an even greater capacity drop of 45% highlighted the current shortage of air cargo capacity,


according to the


latest industry intelligence from CLIVE Data Services. Its first-to-market week-by-week data shows air cargo volumes stabilised from mid-March to mid-April and became ‘less bad’ during the most recent two weeks to May 3, 2020. CLIVE’s air cargo market


data bears out the sentiment expressed by economists from Goldman Sachs and


Morgan Stanley in reports on May 4 and 3 respectively, with Goldman Sachs stating: ‘A number of the high-frequency indicators we track suggest that the global economy is in the process of bottoming out’. CLIVE’s ‘dynamic load


factor’ for April of 67%, based on both the volume and weight perspectives of cargo flown and capacity available, shows an increase of 4% points versus April 2019, reflecting pressure on capacity. “Until very recently, many


airlines would have bumped cargo without blinking an eye, to accommodate the luggage of their passengers. These same airlines are now removing seats from these same planes to create more space for cargo. The uniqueness of this situation is reflected in the new term ‘preighter’ in the


air cargo vocabulary, coined by


Lufthansa Cargo. April


2020 was also unique. With a decline of 39% in volumes versus April 2019,


it must be


one of the worst months in air cargo’s history. But a greater fall in capacity, mixed in with the urgent need for Personal Protective Equipment (PPE) materials by governments around the world, explains also why current air cargo yields have reportedly gone through the roof,” commented CLIVE’s Managing Director, Niall van de Wouw. He added: “Although it is too


early to tell if we are seeing the very earliest signs of the road- to-recovery, the most recent trend, coupled with the views of leading global economists, might give us hope. Could it be that the worst is behind us? For all the cargo staff around


the world that have been put on furlough, know that their temporary contract will not be extended, or simply have been fired as companies move to cut costs, the word ‘recovery’ will be hard to swallow. Perhaps, more appropriately, April’s data is hopefully showing us that the situation is becoming ‘less worse’.” CLIVE’s air cargo industry


intelligence consolidates data shared by a representative group of international airlines operating to all corners of the globe. Based on both the


volume and weight


perspectives of the cargo flown and capacity available, it uses weekly analyses to give the air cargo industry the earliest possible barometer of market performance each month.


East Coast’s newest auto terminal at PhilaPort gets new NS rail service


Glovis America has started operations at Norfolk Southern’s (NS) South Philadelphia Navy Yard facility. The 140-acre NS facility, directly adjacent to PhilaPort’s SouthPort Auto Terminal will domestically


receive manufactured


Hyundai and Kia cars. These vehicles are being transported from West Point, GA (Kia) and Montgomery, AL (Hyundai) via Norfolk Southern. The new daily rail service facilitate


will the central


distribution of 40,000 domestically cars


produced with over 200,000


automobiles produced in South Korea


and Mexico.


Combining domestic and international processing and distribution at one location will create operational efficiencies. “This new service allows us


to streamline our operations and makes us much more efficient”, said Scott Cornell, COO, Glovis America. “We are always looking for ways


to improve our KPIs, and this definitely accomplishes that for our customers.” “The significance of this


new rail service cannot be overstated,” said Jeff Theobald, PhilaPort Executive Director and CEO. “Now other domestic and international OEMs (Original Equipment


Manufacturers)


will see we have a new state-of-the-art facility that is accessible by daily rail service. It adds the final service we needed to have


the best automobile facility on the East Coast.” This past October, PhilaPort


opened its new $110 million, 245-acre SouthPort Auto Terminal. The auto terminal completes PhilaPort’s long- term commitment to Glovis America, DVR and their customers to have the best marine auto processing facility on the East Coast. The SouthPort Auto Terminal boasts many new advantages: 188,000 sq. ft. of VPC (Vehicle Processing Center) equipped


Issue 4 2020 - FBJNA News Roundup


Eleven female leaders across YRC Worldwide have been recognized by the Women in Trucking Association on its 2020 list of “Top Women to Watch in Transportation.” The editorial staff of WIT’s Redefining the Road magazine selected these individuals for their significant career accomplishments in the past 12 to 18 months as well as their efforts to promote gender diversity.


Road & Rail


5


Union Pacific Corporation reported 2020 first quarter net income of $1.5 billion, or $2.15 per diluted share. This compares to $1.4 billion, or $1.93 per diluted share, in the first quarter 2019. “Against the backdrop of the emerging COVID-19 pandemic and a challenging volume environment, we leveraged productivity to deliver strong financial results, including an all-time best operating ratio of 59 percent,” said Lance Fritz, Union Pacific chairman, president, and CEO. “We also made substantial improvement in employee safety, which is a testament to our dedicated employees. Our rail network has never run better, providing a safer, more reliable and efficient service product to our customers.”


Glovis America has started operations at Norfolk Southern’s South Philadelphia Navy Yard facility. The 140-acre NS facility, directly adjacent to PhilaPort’s SouthPort Auto Terminal will receive domestically manufactured Hyundai and Kia cars. These vehicles are being transported from West Point, GA (Kia) and Montgomery, AL (Hyundai) via Norfolk Southern.


American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index contracted 12.2% in April after increasing 0.4% in March. In April, the index equaled 104.9 (2015=100) compared with 119.5 in March. April’s monthly decline was the largest in 26 years when there was a labor strike in April 1994. Not all fleets saw large declines in April. Those hauling food for grocery stores and those involved in the on-line retail supply chain outperformed most other fleets. Some fleets witnessed very large declines in freight last month. March’s gain was revised down to 0.4% from the 1.2% increase reported in our April 21 press release.


American Trucking Associations recently released the latest version of the association’s Driver Compensation Study, which showed average driver pay, including bonuses, rose nearly $6,000 in 2019 since the last study in 2017. According to the survey, which was based on data from 2019, the average pay for truckload national, irregular route solo van drivers was roughly $58,000, up $6,000 from 2017.


with the latest technology, two deep water berths, a terminal yard which was raised above


the 100-yard flood plain and ample capacity for additional OEMs.


GCT USA was proud to welcome the Hyundai Hope to GCT Bayonne on May 16, 2020. The call marks the return of HMM (formerly Hyundai Merchant Marine) vessels to US East Coast services aſter a three-year hiatus. At 13,154 TEU, it also brings the first larger vessel call of THE Alliance (THEA’s) EC2 service to GCT Bayonne. HMM officially joined THE


Alliance on April 1, 2020, as its fourth full member. THE Alliance was formed in 2016 by Hapag-Lloyd, Ocean Network Express, and Yang Ming. THEA’s EC2 service will now call at GCT Bayonne weekly with vessel sizes of 13,000 plus TEU. With the EC2 upgrade, GCT Bayonne now accommodates three vessel calls per week of vessels over 13,000 and 14,000 TEU.


GCT Bayonne is uniquely


able to serve these larger sized vessels on an efficient terminal footprint of only 200 acres due to its award-winning marine and landside technology and service. The terminal is among the most technologically advanced in the New York and New Jersey harbor and continually strives to provide best in class service to its customers.


All of GCT Bayonne’s


customers and, in particular, the THEA consortium benefit from GCT’s seamless service offering. A result of our winning combination of a top-level labor and management team, semi- automated cranes, advanced technology, increased velocity with an industry-leading truck appointment system, and on- dock intermodal rail facilities at Express Rail Port Jersey.


“HMM is proud to return


to vessel calls on the US East Coast aſter a three-year absence. While HMM has continued to support business on the US East Coast, we were not operating our vessels until now. This changes with the arrival of the Hyundai Hope at GCT Bayonne,” said Mr. Jay Y. Lee, Chairman and CEO, HMM (America) Inc. “As part of HMM joining THE Alliance,


HMM remains committed to evolving and expanding alongside our customers as partners. We are excited to grow and look forward to new opportunities.”


“HMM has been a


longstanding customer at GCT Canada, and with HMM officially joining THE Alliance, the relationship grows. GCT looks forward to continuing


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