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Airports in Shanghai and Shenzhen (SZX) are facing mass flight cancellations as surging omicron variant outbreaks in the cities have led to local governments enforcing restrictions, disrupting warehouse, cargo and flight operations. Cargo moving through PACTL’s Shanghai (PVG) facility. Photo/Royal Media The city of Shenzhen will be closed until March 20 except for essential services, ....
China has discussed diverting international flights away from Shanghai to other cities, as the financial center’s growing omicron outbreak puts pressure on quarantine hotels and isolation facilities, according to people familiar with the matter. Cargo moving through PACTL’s Shanghai (PVG) facility. Photo/Royal Media The country’s aviation authority asked airlines to nominate alternative ports of arrival ....
Pretium Resources Inc. (TSE:PVG – Get Rating) (NYSE:PVG)’s share price reached a new 52-week high on Monday . The stock traded as high as C$19.61 and last traded at C$19.36, with a volume of 420441 shares traded. The stock had previously closed at C$18.99. A number of research firms have weighed in on PVG. Scotiabank […] ....
Photo courtesy of Amsterdam Schiphol Airport. Despite the strong end to 2021 for the cargo industry, 2022 got off to a slower start as January volumes dipped at some cargo airports, averaging an overall 0.6% decrease in tonnage compared with 2019 volumes. Although many cargo airports saw December increases that pushed full-year growth up roughly ....
France-based logistics company Geodis partnered with Malaysian carrier AirAsia X to expand its AirDirect fixed schedule network, providing additional intra-Asia connectivity to mitigate capacity challenges caused by omicron outbreaks in the region. Photo courtesy of Geodis Under the agreement, which started Jan. 20, AirAsia will operate regular, dedicated scheduled cargo flights from Kuala Lumpur (KUL) […] ....