All Air Freight, All the Time – Midday Market Update
This is the last episode of Midday Market Update and Kaylee Nix and Michael Vincent come out with a voucher on air freight. MMU will be replaced with a new show, FreightWaves NOW, which airs daily at 9 a.m.
Starting with the headlines, they discuss how 3PLs are struggling to fill vacant brokerage positions, why an Illinois trucking company is forced into bankruptcy, Yellow’s shortfall. Corp. in the first quarter and the Biden administration’s plans for the classification of independent contractors.
Zach Strickland provides an update on the freight market and Anthony Smith explains how initial jobless claims have fallen to their lowest level since the COVID-19 pandemic began over a year ago.
Vincent and Nix welcome FreightWaves Air Cargo editor-in-chief Eric Kulisch to the show to talk about how the airlines’ signs of optimism are not what they appear to be; domestic travel is making a comeback but international flights are still struggling.
For an airport, this trend is not the case; air cargo is booming at the Columbus Regional Airport and Bryan Schreiber, director of business development for the CRA Authority, explains why.
Schreiber says the CRA is well equipped to handle the increase in cargo volumes, as standard operating procedures at the airport are different from those at major passenger airports in the region. The CRA has been able to keep the freight on schedule and is even outperforming competitors like Chicago O’Hare.
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