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June 2020

Airfreight demand slumps but capacity falls faster – updated

The International Air Transport Association (IATA) says that airfreight demand dropped 27.7% compared to the same period in 2019 - the sharpest fall ever recorded – but there was still insufficient capacity because of the loss of belly cargo operations on passenger aircraft. In its global air freight markets data for April it said belly capacity for international air cargo shrank by 75% in April compared to the previous year, only ... [+]

Rattling the rooftops

A Volga-Dnepr IL76 freighter skimmed the beach umbrellas on the Caribbean island of St Maarten when it flew intensive care units into Princess Juliana International Airport, with its famous low-altitude approach. Mobile hospital manufacturer Hospitainer charted four charter flights two ICU units to the St Maarten medical centre along with six ... [+]

TAPA warns of post-corona crime wave

The Transported Asset Protection Association (TAPA) is warning that there could be spike in cargo thefts as coronavirus lockdowns begin to be lifted across the Europe, Middle East and Africa. With entire national populations being advised to stay at home since the beginning of March, cargo thieves have found it much ... [+]

So far, so good for high-tech forwarder

Freight forwarding and supply chain finance company Beacon has raised over $15 million in its first-round Series A fundraising round, with investors including Amazon founder Jeff Bezos and US venture capital firm 8VC. Beacon was founded in 2018 by former Uber executives Fraser Robinson and Dmitri Izmailov, both former Uber ... [+]