Atlas reports strong shipper interest from China into 2Q | Air Cargo World
Air Cargo World
Subscribe
  • News
  • Data & Tools
  • Events
    • Cargo Airport Growth Summit
    • Cargo Facts Symposium
    • Cargo Facts EMEA
    • Cargo Facts Asia
  • Multimedia
  • Podcast
  • Magazine
  • Archives
Sunday, April 11, 2021
Log In
No Result
View All Result
  • Airports
  • Carriers
  • COVID-19 Vaccine Logistics
  • E-Commerce
  • Freight Forwarders
  • Technology
Air Cargo World
  • News
  • Data & Tools
  • Events
    • Cargo Airport Growth Summit
    • Cargo Facts Symposium
    • Cargo Facts EMEA
    • Cargo Facts Asia
  • Multimedia
  • Podcast
  • Magazine
  • Archives
Log In
No Result
View All Result
Air Cargo World
No Result
View All Result

Atlas reports strong shipper interest from China into 2Q

Caryn Livingston by Caryn Livingston
February 20, 2020
in Carriers, News, Routes
Reading Time: 2 mins read
Share on FacebookShare on TwitterShare on LinkedIn

As manufacturing begins to ramp up again in China after the extended Lunar New Year holiday, shippers and forwarders are looking to airfreight as a stable mode of transportation into March, April and May, Atlas Air Worldwide President and CEO John Dietrich said during the company’s fourth-quarter earnings call today.

With little belly space available in passenger flights from China in the wake of mass cancellations, and operations at China’s ports likewise virtually halted in an effort to stop the spread of the coronavirus, shippers are increasingly turning to airfreight to move goods out of China. Also, the duration of current virus-containment efforts is uncertain, leading shippers and forwarders to seek capacity on freighter aircraft months ahead of time.

In response to an analyst question during today’s call, Dietrich confirmed that shippers, forwarders and brokers have been in contact with Atlas for space reservations well into the second quarter.

“Absolutely, we’re getting a lot of calls from some very experienced and knowledgeable shippers, freight forwarders and brokers,” Dietrich said. “None of us knows for sure what is going to happen, and there’s a lot of uncertainty, but what we do know is with the support of senior officials in government who are committed to keeping goods moving and the supply chain moving, [manufacturing] is going to return.”

Despite the cancellation of most passenger service to and from China, freighter aircraft have continued operating, either as scheduled or charter service.

“We are also currently accommodating special charter demand, and we are well prepared for the anticipated surge of volumes once manufacturing resumes in full force,” Dietrich said during the company’s prepared remarks.

Although rates from China have increased significantly following the Lunar New Year, manufacturing has yet to return to normal levels. Softer airfreight demand from 2019 has continued into 2020, leading Atlas to park four 747-400BCFs so far this year to reduce its capacity.

Tags: 747Atlas Air Worldwide Holdingschinacoronavirus
Previous Post

Digital bookings on the rise, but are sales stuck in analog?

Next Post

U.S. DOT advances Puerto Rico’s transshipment hub bid

Related Posts

FedEx and UPS emphasize the importance of sustainability
Express

Consultant Insight: FedEx and UPS emphasize the importance of sustainability

April 9, 2021
Dronamics shifts focus to building drone airline
Carriers

Dronamics shifts focus to building drone airline

April 9, 2021
Lodige certifications open doors for Asia-Pacific air cargo projects
Airports

Lodige certifications open doors for Asia-Pacific air cargo projects

April 8, 2021
UPS to divert feeder volume with eVTOL purchase
Technology

UPS to divert feeder volume with eVTOL purchase

April 8, 2021
Logistics company Syncreon is said to weigh $1.5 billion sale
Freight Forwarders

Logistics company Syncreon is said to weigh $1.5 billion sale

April 8, 2021
Air Canada Cargo Q2 revenue increase tops all North American carriers
Cargo Traffic

IATA: February cargo traffic grows as modal shift favors air

April 7, 2021
Latin American cargo capacity starts to return with passenger flights
Carriers

Chile border closure has minimal impact on airfreight connectivity

April 7, 2021
Western Global pilots join ALPA
Carriers

Western Global pilots join ALPA

April 6, 2021
CVG reports 38% cargo traffic growth in early 2021, preps for more expansion
Airports

CVG reports 38% cargo traffic growth in early 2021, preps for more expansion

April 6, 2021
Next Post
WFS signs three-year handling contract with Qantas at DFW

U.S. DOT advances Puerto Rico’s transshipment hub bid

By subscribing you agree to our Terms of Use and Privacy Policy

FROM OUR CONTRIBUTORS

FedEx and UPS emphasize the importance of sustainability

Consultant Insight: FedEx and UPS emphasize the importance of sustainability

April 9, 2021
UPS Louisville Worldport reopens after temporary weather closure

Consultant Insight: What the US infrastructure plan means to the air cargo market

April 2, 2021
FedEx to cut up to 6,300 jobs in Europe on TNT integration

Consultant Insight: Are FedEx Express’ new services a competitive threat to DHL and UPS?

March 29, 2021

SPONSORED

Passenger freighters ‘good solution’ for vaccine airfreight challenges

Executive Q&A with Jan Krems, President, United Cargo

April 1, 2021
United Cargo operates more than 11,000 cargo-only flights in one year

United Cargo operates more than 11,000 cargo-only flights in one year

March 23, 2021
Apex reduces retailer lead times and costs—increasing air charters by 225%

Apex reduces retailer lead times and costs, increasing air charters by 225%

January 29, 2021
  • About Us
  • Help Center
  • Privacy Terms
  • ADA Compliance
  • Advertise

Follow Us

twitter twitter linkedin podcast

© 2021 Royal Media & Air Cargo World

No Result
View All Result
  • News
    • All News
    • Airports
    • Carriers
    • COVID-19 Vaccine Logistics
    • E-Commerce
    • Freight Forwarders
    • Technology
  • Data & Tools
  • Events
    • Cargo Airport Growth Summit
    • Cargo Facts Symposium
    • Cargo Facts EMEA
    • Cargo Facts Asia
  • Multimedia
  • Podcast
  • Magazine
  • Archives
  • Subscribe
  • Log In / Account

© 2021 Royal Media & Air Cargo World

Go to mobile version