Airlines will be required to propose up-front how the federal government could retain financial stakes in their companies in exchange for a share of $61 billion in coronavirus aid designated for the industry, according to guidelines released by the Treasury Department.
March 31, 2020air cargo News Updates
Mnuchin Asks Airlines to Propose Financial Stake in Aid Bid
Alaska’s First COVID-19 Patient Is a Cargo Plane Pilot
A cargo pilot who arrived at Anchorage’s international airport on March 11 went to a hotel before he became ill, an airport official said March 13.
March 16, 2020Cargo Not Affected as Trump Suspends Travel From Europe to US
WASHINGTON — Taking drastic action March 11, President Donald Trump announced he is cutting off travel from Europe to the U.S. and moving to ease the economic cost of a viral pandemic that is roiling global financial markets and disrupting the daily lives of Americans. Restrictions won't apply to cargo.
March 11, 2020Amtrak Names Former Air Cargo Executive as New CEO
Amtrak named a former air cargo executive as its new president and chief operating officer March 2.
March 2, 2020Global, North American Demand for Air Cargo Drops
Battered by trade wars, global demand for air cargo decreased by 3.5% in October compared with the same month in 2018, according to a Dec. 4 report by the International Air Transport Association of Geneva.
December 11, 2019Small Texas Airport Continues to Rise Among US Cargo Airports
Valley International Airport in Harlingen, Texas, is continuing its march up the charts when it comes to shipping cargo, airport officials say.
August 26, 2019Houston Airport Continues Cargo Growth With Service From CAL Cargo Airlines
Bush Intercontinental Airport, moving a record 500,000 tons of cargo last year, is continuing its growth with new service from CAL Cargo Airlines.
July 15, 2019An Asian Airline Will Start Testing Drones Capable of Hauling Tons of Cargo
Delivering cargo to the furthest reaches of the world’s biggest archipelago has forever been a challenge. Indonesia’s biggest airline sees a solution in drones.
June 25, 2019Air Cargo Carriers Caught in Crossfire of US-China Trade War
President Donald Trump’s intensifying trade war with China dented air cargo traffic even before FedEx Corp. got dragged into the brawl, as companies worldwide reconfigure their supply chains in the face of increasing tariffs.
June 3, 2019Amazon Arrival Helps Chicago Rockford International Airport Break Cargo Record
ROCKFORD, Ill. — More than 2.1 billion pounds of cargo made its way through Chicago Rockford International Airport in 2018 — shattering the previous record, set in 2017, by 55%.
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