Jan 9, 2018

Air cargo soars on the strength of e-commerce

Crews help load parcels for delivery on SF airlines. Photo: VCG/VCG via Getty Images

Goods once transported by land and sea are now being loaded onto airplanes, as e-commerce companies and manufacturers are increasingly expected to meet shorter delivery windows, the Wall Street Journal reports.

Why it matters: The global demand for shipping larger goods via air cargo (like manufacturing and automotive parts) is creating competition for companies and motivating them to ship everyday items as quickly as possible.

What’s happening:

  • With the Amazon-led advent of two-day (or less) shipping, shoppers are becoming more accustomed to ordering everyday basics online.
  • In November, holiday e-commerce orders, as well as demand for newly-released Apple and Samsung smartphones, pushed airfreight traffic up 9% year-over-year. Rates for that month grew 17% annually, per WSJ.
  • Amazon, which reportedly uses 30 jets for its fastest Prime delivery service, is building its own airline to supplement shipments made through DHL, UPS and FedEx.

Go deeper

Wells Fargo's small busines surprise

Illustration: Aïda Amer/Axios

Wells Fargo surprised small business owners late Sunday when it said that it had run out of money to lend to small businesses under the Paycheck Protection Program (PPP), the federal stopgap for COVID-19 relief.

  • But an announcement by the Federal Reserve today might quell concerns for the customers who will be hard-pressed to apply for cash elsewhere.

Why it matters: Because of restrictions placed on Wells Fargo after its fake accounts scandal, one of the nation's biggest lenders says it's had to turn away struggling small business customers.

Wisconsin Supreme Court blocks governor from delaying state's primary

Tony Evers. Photo: Nuccio DiNuzzo/Getty Images

Wisconsin's Supreme Court on Monday blocked an executive order by Gov. Tony Evers (D) that attempted to delay in-person voting for the state's primary election — currently scheduled for Tuesday — until June 9.

Driving the news: Judges ruled 4-2 along ideological lines that Evers does not have the power as governor to unilaterally postpone the election, despite the fact that the state has a stay-at-home order in place due to the coronavirus pandemic.

Go deeperArrowUpdated 58 mins ago - Health

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 5 p.m. ET: 1,331,032 — Total deaths: 73,917 — Total recoveries: 275,851Map.
  2. U.S.: Total confirmed cases as of 5 p.m. ET: 356,942 — Total deaths: 10,524 — Total recoveries: 18,999Map.
  3. 2020 update: Wisconsin governor orders in-person primary voting delayed until June.
  4. States latest: West Coast states send ventilators to New York and other states with more immediate need — Data suggest coronavirus curve may be flattening in New York, Gov. Andrew Cuomo said.
  5. World update: U.K. Prime Minister Boris Johnson moved to intensive care as coronavirus symptoms worsen.
  6. Stocks latest: The S&P 500 closed up 7% on Monday, while the Dow rose more than 1,500 points.
  7. What should I do? Pets, moving and personal health. Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.