sector

Can E-Commerce Revive Coronavirus-Hit Transportation Sector?

By putri titian 6 days ago

It is a well-known fact that stocks belonging to the transportation  sector are having a tough time due to the coronavirus pandemic. Notably, the health scare was declared a pandemic by the World Health Organization on Mar 11.

As coronavirus claimed multiple lives, apart from infecting scores across the globe, several countries were under lockdown amid wide-spread travel  restrictions, particularly since March, thereby crippling the transportation sector. In fact, cases are surging even now as economies re-open. For instance, the United States recorded 52,789 new cases on Jul 1, thereby crossing the 50,000 mark in a day for the first time since the COVID-19 outbreak. What is worse is that even more 55,220 cases were registered the following day.

E-Commerce Surge: A Bright Spot

As a result of the pandemic and the current rise in new cases, people are staying indoors and avoiding going out unless absolutely necessary. Consequently, in

… Read More

Transportation Sector

By putri titian 3 months ago

What Is the Transportation Sector?

The transportation sector is a category of companies that provide services to move people or goods, as well as transportation infrastructure. Technically, transportation is a sub-group of the industrials sector according to the Global Industry Classification Standard (GICS). The transportation sector consists of several industries including air freight and logistics, airlines, marine, road and rail, and transportation infrastructure. These industries are further broken down into the sub-industries air freight and logistics, airlines, marine, railroads, trucking, airport services, highways and rail tracks, and marine ports and services.

Key Takeaways

  • The transportation sector is an important industry sector in the economy that deals with the movement of people and products.
  • These include companies such as airlines, trucking, railroads, shipping, and logistics firms, as well as those that provide transportation infrastructure.
  • The Dow Jones Transportation Index (DJTA) was the U.S.’s first stock market index, and still tracks 20
… Read More

Transportation Systems Sector | CISA

By putri titian 3 months ago

A train passes by a busy highwayThe Department of Homeland Security and the Department of Transportation are designated as the Co-Sector-Specific Agencies for the Transportation Systems Sector. The nation’s transportation system quickly, safely, and securely moves people and goods through the country and overseas.

Sector Overview

The Transportation Systems Sector consists of seven key subsectors, or modes:

  • Aviation includes aircraft, air traffic control systems, and about 19,700 airports, heliports, and landing strips. Approximately 500 provide commercial aviation services at civil and joint-use military airports, heliports, and sea plane bases.  In addition, the aviation mode includes commercial and recreational aircraft (manned and unmanned) and a wide-variety of support services, such as aircraft repair stations, fueling facilities, navigation aids, and flight schools.
  • Highway and Motor Carrier encompasses more than 4 million miles of roadway, more than 600,000 bridges, and more than 350 tunnels. Vehicles include trucks, including those carrying hazardous materials; other commercial vehicles, including commercial motorcoaches and
… Read More

Nigeria’s transportation sector: Adaptation to COVID-19 and way forward.

By putri titian 3 months ago

The unprecedented impacts and disruptions as a result of coronavirus known popularly as COVID-19 is affecting all economies and markets globally.

It is caused by the SARS -COV-2 and has continued to grow with more than 175 countries and territories reporting cases. There are currently 1,604,718 global confirmed cases and 95,735 deaths from COVID-19 outbreak as of April 10,2020,03.37GMT and 305 confirmed cases and 7 deaths in Nigeria.

Sub for 500

The response by governments and organisations all over the world has suddenly impacted our way of life and that of the global transportation systems. The speed with which these impacts has hit the world is unprecedented, especially because the different modes of transport (airlines, railways, maritime, pipelines, private and public transport systems) have all experienced drastic fall of customers and patronage.

This has resulted negatively in shutting down of operations and in many cases reduction in service delivery levels which has thrown

… Read More