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Family Aid 2020
   Vol. 20 No. 23
Tuesday June 15, 2021

Thomas Vieweg, Ryan Hinkle and Eduardo Del Riego

   PayCargo, the fast-rising payment platform for logistics and about everything else in transportation marches on with a USD$125 million investment by the global private equity company Insight Partners.
   The fintech innovator said that is on track to process USD$10 billion in freight-related payments this year and will continue to invest in tech development and team expansion to support this continued growth globally.
   PayCargo is the largest independent freight payments network of its kind with over 67,000 active users remitting and receiving payments on the platform and thousands more joining each month.
   “The incredible growth PayCargo has experienced since our initial investment is a testament to the confidence the industry has in their platform,” said Ryan Hinkle, Managing Director at Insight Partners.
   “We are thrilled to continue our partnership with Eduardo and team to pursue excellence for their global customers through new and exciting digital payment tools.”
   PayCargo’s cloud-based payments network enables payers to quickly and securely pay air and ocean carriers, maritime ports, ground handlers, freight forwarders, and customs brokers, amongst others. PayCargo integrates with over 20 leading TMS, ERP, and Terminal Operating Systems across all transport modes: Ocean, Air, Rail, and Trucking.
   Today, PayCargo’s network is the leading independent payment platform focused on expediting the movement of cargo industrywide in North America and is rapidly expanding in Europe and other geographies.
   “PayCargo was founded on the vision of building a modern freight payment network that lowers transaction costs, accelerates cargo release, and increases business agility and growth across the entire supply chain,” said Eduardo Del Riego, CEO of PayCargo.
   “We are excited to accelerate our mission to bring modern payment solutions to our increasingly global base of customers.” Profitable since its early stage, PayCargo continues to invest in tech updates, development, and enterprise-grade security to support this hyper-growth.
   PayCargo's innovative new tools include advanced real-time customer reporting and invoicing, new workflow tools to streamline partial payments and reconciliation, advance payments, and automated refunds in any currency.
   “Working with Insight Partners, we have doubled our team and developed new cutting-edge solutions as well as new partnerships, continuing to support the freight industry through this challenging last year,” said Thomas Vieweg, Global Chief Growth.
   “This next round of investment will ensure we continue to grow and expand into new markets with a focus on security and data protection, to fit every part of the supply chain.” The Series B Round comes just nine months after Insight Partners invested USD35 million in a Series A Round with the fintech innovator.

chuckles for June 15, 2021

Air Canada and Jason Berry

     If you were wondering when a major airline in the Americas would step up to the plate and make a big announcement of a deeper commitment to the all-cargo business, that just happened as Jason Berry, Vice President, Cargo at Air Canada delivered some history-making news Monday June 14.
     Right now Air Canada/Air Canada Cargo is in the process of converting several of its Boeing 767 aircraft into dedicated freighters with the first converted 767 freighter scheduled to enter service in October, from Toronto Pearson International Airport, on routes linking Toronto to Miami, Quito, Lima, Mexico City and a new route to Guadalajara, the first time Air Canada Cargo will serve this destination.      
     “We believe in the future of air cargo!
     “Our new freighter fleet will provide long-term stability and growth for our cargo customers, in particular the freight forwarding community who require reliable air freight capacity year-round.
     “Air Canada Cargo is building on the success of our cargo-only flights.
     “I am excited to have these aircraft enter service, a milestone for Air Canada Cargo that also opens up a world of opportunities for us and our customers.”
     Additional destinations to be served in early 2022, include Halifax, St. John's, Madrid and Frankfurt as more freighters enter service.
     “Air Canada Cargo will enhance its capabilities to transport goods such as automotive and aerospace parts, oil and gas equipment, pharmaceuticals, perishables, as well as handling the growing demand for fast, reliable shipment of e-commerce goods.”
     Since March 2020, Air Canada has operated more than 9,000 all-cargo flights using its wide-body passenger aircraft as well as certain temporarily modified Boeing 777 and Airbus A330 aircraft, which have additional available cargo space due to the removal of seats from the passenger cabin.
     More click here.

Hit Or Miss Trade Shows

     Trade Show Madness . . . Right now if you look, there are (count ’em) no less than four, and maybe more live cargo trade shows on the boards to be held between August 1st and the end of 2021.
     In the U.S., the original Cargo Network Services (CNS) that currently is operated out of IATA offices in Switzerland, after the agency shut down the CNS management team in the U.S. says it will meet in Miami August 26-28.
     TIACA, having landed former IATA Head of Cargo Glyn Hughes is set for September 26-28 in San Francisco.
     IATA World Cargo Symposium as this is written June 15, with Brendan Sullivan named Acting Global Head of Cargo, meets October 12-14 in Istanbul and Air Cargo Americas says that it will meet less than two weeks later in Miami, October 26-28.
     Add to those events pop-up meetings, as publications and other organizers go for the gold in various locations.
     Worth noting in all of this is, that FIATA, the oldest association of them all, cancelled their annual FIATA World Congress scheduled for this October in Brussels, Belgium choosing instead to move to their next World Congress event 2022 in Busan, Korea.
     As we read it, FIATA regretted the cancellation but given the threat of COVID, the organization founded 100 years ago in Vienna, would not go ahead with an event, that based on attendance might not deliver as expected, for its attendees, membership, and stakeholders.
     Of course the financial return for Brussels played into this, as advanced reservations were certainly impacted by raging COVID-19 in several parts of the world.
     So the question is:  will the industry, that has been socially meeting on Zoom calls and other web platforms for the past year and a half show up in sufficient numbers face-to-face that will allow for five or more events this year?
     The clue to an answer to that question may lie in the website presentations and sales pitches for these events.
     In most cases it appears that each of these shows are campaigning to build attendance without much of a session content platform.
     It’s tough for example to find topics, speaker lists and other information.
     IATA WCS for Istanbul does have sessions listed but at a mere fraction of any previous WCS.
     Topics aside, it is impossible to find any current attendance numbers for these events informing prospective attendees how many people have already signed up.
     Blanket numbers of how many people attended past events are not relevant in this COVID-19 world.
     Will Istanbul as example end up with 100 IATA people and 200 attendees? And of the 200 attendees, currently there are 37 publication sponsors/attendees.
     But even more pertinent we think is taking a reality check on just how many show events will the airlines and their service partners support.
     A quick look at industry publications and websites underscores every media outlet for air cargo experiencing what can only be described as a meltdown loss of advertising from the airlines and others.

bitcoin      Recent Miami Bitcoin 2021 conference, biggest-ever cryptocurrency gathering has some attendees on social media now claiming testing positive for COVID-19.
      Miami Herald reported Luke Martin, a Bitcoin podcaster, tweeted: “Miami was incredible . . . surrounded by smart, humble, hard-working, and genuinely good people. Love you all. I also feel like I got hit by a truck with a pinch of COVID. So I’m catching up on sleep, water, and food. Back to work tomorrow.”

     To suppose that all of a sudden, while COVID grudgingly gives ground in some places and rages on into new strains elsewhere, air cargo industry people will all of a sudden be tradeshow hopping come August through the end of this year is, to say the least, far-fetched.
     And what about all the dictates of various locations and countries for COVID tests before entry and departure at airports?
     Airlines are required to have tests within 72 hours of leaving a country and before you get to go home you will need another test.
     So there you are, for a two or three-day event, spending time and money, making sure once you’ve arrived, you can also get out of town.
     Guidance of what to expect in this “new normal” as far as travel goes, is different, and likely open to constant change.
     And BTW, the airlines and hotels have re-established their cancellation policies and those flight insurance companies are no longer honoring border closings.
     So if you get stuck coming or going, good luck to you.

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PayCargo Tip Of CNS Iceberg

Pumping TrafficSix months into 2021 European air traffic is less than half the volumes of mid-June 2019. But air cargo continues to soar up 16% over volumes two years ago with a fraction of the cargo-carrying aircraft in service from the June 2019 timeframe . . . Brussels Airlines is back over the Atlantic with flights to New York and Washington, D.C. beginning this week. Route to New York’s JFK will operate on Mondays, Fridays and Sundays, using an Airbus A330-300. Flights go to four a week July 1. Route out of D.C.’s Dulles will operate four times per week, on Tuesdays, Wednesdays, and Saturdays . . . Bailouts appopin’—SAS gets €300 million from Denmark and Sweden awaits EU rubber stamp after losing €240 million first quarter . . . Meantime Aeroflot Group lost €280 million in Q1 . . . China Southern Airlines receives US$156 million cash injection from state owned parent . . . Despite already having been cancelled twice due to outbreaks Hong Kong and Singapore will try again with a travel bubble due to launch in July . . . Elsewhere Hong Kong Airlines plans to ground most of its fleet of planes and use those still flying to carry cargo, grounding its entire fleet of A320s with only eight A330 jets to continue flying. Carrier has long felt the cash squeeze enhanced now by bankrupt stockholder, Mainland China conglomerate HNA Group . . . The BIFA Freight Service Awards 2020/21 competition is now open for entries. Download your entry forms and relevant guidelines for entrants here . . .

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C. R. SmithNo American Way

     Of course, it had to happen but we cannot stop wishing that it didn’t. June 30 will mark the final flight of American Way, the onboard magazine of American, the world’s largest airline. AA began featuring the magazine 55 years ago aboard flights. The issue pictured here showcased airline founder CR Smith in 1976, recalling AA history as the company celebrated 50 years since its first flights as Robertson Air Service, moving two bags of USPS mails with 26 year-old Charles A. Lindbergh at the stick, piloting a De Haviland DH-4 between St. Louis and Chicago in 1926.
     No doubt COVID-19 had an ugly hand in all of this, but we mourn the loss and will miss the greetings and messages travelling the American Way . . .

If You Missed Any Of The Previous 3 Issues Of FlyingTypers
Access complete issue by clicking on issue icon or
Access specific articles by clicking on article title

Vol. 20 No. 20
This Is My India Today
Living Cargo As Pandemic Cripples India
Pumping Traffic
Go Or No Go

Vol. 20 No. 21
Ring Down The Curtain On Cargo Shows 2021
Chuckles for June 7, 2021
Pumping Traffic
Sky Electric Back To The Future
Listen! The Wind
Every Can Can
Hands Across The Table

Vol. 20 No. 22
PayCargo Firing Tip Of CNS Iceberg
Will IATA Take CNS Down?

Publisher-Geoffrey Arend • Managing Editor-Flossie Arend • Editor Emeritus-Richard Malkin
Film Editor-Ralph Arend • Special Assignments-Sabiha Arend, Emily Arend

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