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Kristen Schwab

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
1851 total appearances

Appearances Over Time

Podcast Appearances

Marketplace All-in-One
War sends cargo to the skies

Most of the goods traveling through the Middle East are there for a layover, a pit stop to refuel on the way to Europe from Asia.

Marketplace All-in-One
War sends cargo to the skies

Brandon Freed, executive director of the Air Forwarders Association, says 13 percent of air freight passes through the Gulf.

Marketplace All-in-One
War sends cargo to the skies

In part because of their tremendously significant commercial flight programs.

Marketplace All-in-One
War sends cargo to the skies

About half of the goods that travel by air fly under the belly of commercial flights.

Marketplace All-in-One
War sends cargo to the skies

The other half goes on dedicated air cargo planes.

Marketplace All-in-One
War sends cargo to the skies

Usually companies that make goods that are expensive or expire quickly will pick air overseas.

Marketplace All-in-One
War sends cargo to the skies

We're talking pharmaceuticals, electronics, fresh-cut flowers.

Marketplace All-in-One
War sends cargo to the skies

Freed says shipping by air costs anywhere from five to ten times the amount of shipping by water.

Marketplace All-in-One
War sends cargo to the skies

Still, companies have become increasingly willing to cough up the extra cash.

Marketplace All-in-One
War sends cargo to the skies

Martin Dresner, a professor of supply chain management at the University of Maryland, says one reason has been fear about global conflicts.

Marketplace All-in-One
War sends cargo to the skies

If conflict happens, it's much easier and less time intensive to reroute cargo in the air than it is to, say, force a ship the long way around Africa.

Marketplace All-in-One
War sends cargo to the skies

But no method is perfect.

Marketplace All-in-One
War sends cargo to the skies

Limited airspace means limited cargo capacity.

Marketplace All-in-One
War sends cargo to the skies

And Brian Burke, chief commercial officer at Seco Logistics, says carriers are already dealing with messy routes.

Marketplace All-in-One
War sends cargo to the skies

There is a limit to how many planes can occupy any given route each day.

Marketplace All-in-One
War sends cargo to the skies

And carriers will demand higher rates.

Marketplace All-in-One
War sends cargo to the skies

Add longer hours for pilots and extra jet fuel, and you get higher shipping bills for businesses everywhere.

Marketplace All-in-One
War sends cargo to the skies

I'm Kristen Schwab for Marketplace.

Marketplace
Fast-casual meal deals are upon us

uncertainty has been the economic buzzword for some time now.

Marketplace
Fast-casual meal deals are upon us

Will it continue to be the way we describe the economy in the months to come?