With the impending release of Covid-19 vaccinations, there is much debate among the aviation industry and what requirements should be mandated when it comes to international travel. Airports Council International (ACI), a non-profit organization that represents the worlds airports, has joined many airlines in calling for a choice between testing or vaccination, fearing a blanket rule imposing pre-flight inoculation would be as disruptive as quarantines, Reuter’s reports. The ACI World Director General, Luis Felipe de Oliveira stated, “Just as quarantine effectively halted the industry, a universal requirement for vaccines could do the same.”
The number of coronavirus cases continue to rise across the country and many major cities and states begin to consider large scale lockdowns. Despite this, many goods are continuing to fill warehouses, along with shelves being restocked at many retailers in preparation for the 2020 holiday season. According to CNBC, “The National Retail Federation said it expects holiday sales during November and December to rise between 3.6% and 5.2% year over year.” Holiday sales last year reported 4% growth in 2019 from the prior year.
As many Americans turned to cyber deals instead of in-store Black Friday specials, California-based Flock Freight is looking to revolutionize how those packages make their way into homes. The trucking industry has revenues of over $700 billion annually and is expected to grow by 75% into 2026. The trend to revolutionize trucking was being pushed by digitally matching truckers with shippers. Taking another approach, Flock looks to use its algorithms and software to pool shipments into a single truckload to increase efficiency. While Flock is not making the last mile deliveries, they are a vital part of the supply chain of companies looking for materials and products.
As 2020 soon comes to a close, it has been a year unlike any other. The rush continues for the COVID-19 vaccine after 4.2 million new cases were reported in the month of November. According to Reuters, “a Food and Drug Administration panel of outside advisers will meet on December 10 to discuss whether to recommend that the FDA authorize emergency use of a vaccine developed by Pfizer Inc. The advisers will consider a second candidate, from Moderna Inc, a week later.”
As expected, it appears the OPEC+ group (includes Russia) will delay its forecasted January oil production hike by 3 months, according to sources who’ve spoken with Algeria’s energy minister Abdelmadjid Attar. This is contingent upon agreement at tomorrow’s meeting. No official announcement has been made. Currently January WTI futures are trading lower by $0.81 to $44.72/barrel as a classic “buy the rumor, sell the fact” scenario may be playing out.