Getting your player ready...
NEW YORK — Overnight shipping, airlines and tourism were just some of the businesses that faced a second day of disruptions as a cloud of volcanic ash grounded thousands of flights to and from Europe.
The airline industry is losing about $200 million a day. The impact on businesses that depend on air freight to ship products to and from Europe was harder to quantify, but the world’s two largest package-delivery companies were seeing a growing backlog.
Both UPS and FedEx had their main European air hubs closed down. Shipments that are normally transported by air were being delayed by at least a day, said UPS spokesman Norman Black.
On Friday afternoon, FedEx stopped accepting virtually all its lower-priority international shipments.
