[T&T] Online courier forced to cut flights due USD shortage

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[T&T] Online courier forced to cut flights due USD shortage

Unread post by bimjim » Sun Nov 05, 2017

http://www.looptt.com/content/online-co ... d-shortage

[T&T] Online courier forced to cut flights due to USD shortage
5 November 2017

Online courier Websource has been forced to cut the number of flights for bringing in items, due to a shortage of USD.

In an email to customers, the company said that one of its main airlines, Amerijet, is no longer accepting payments in TTD due to difficulty in converting the currency to USD.

Websource said it was forced to switch to other airlines which accept TTD but fly less frequently between their shipment delivery points.

As a result, instead of one shipment per day, five days a week, the company will be shipping items to Trinidad only once three times per week, on Tuesdays, Wednesdays and Fridays.

As a result, the company’s processing time for items ordered online will take three business days instead of two business days.

Their statement is as follows:

“Over the past 12 months we have been experiencing a constant decline in the availability of U.S. currency. This has caused one of our main airlines, Amerijet International, to stop accepting payments in T.T. Dollars. Combined with sharp cuts in the availability of U.S Dollars to pay our Miami agents, we are now faced with a decision of whom do we pay?”

“The obvious decision is to move our business to the airlines that still accept T.T. Dollar payments. However this also means adopting their schedule with less frequent flights to Trinidad.”

“Since the earliest indications of U.S.D restrictions we implemented several strategies which have helped us manage this issue thus far. However, the current circumstances have forced us to now make this temporary adjustment to our flight schedule as a practical measure to alleviate this added burden.”

“We fully understand that an additional day’s wait / delay is not ideal. However we are hoping that this is a short-term solution as we are engaging with respective stakeholders to try to resolve this problem. If we can overcome this minor hurdle, we will resume daily flights.”

“As we enter the peak shipping season, flight delays are inevitable. As such while we will continue to push to meet and exceed your expectations, our most sincere advice is to shop early and more importantly, shop wisely.”

“We also to take this opportunity to thank you for your continued support as we try to navigate this U.S.D crisis with minimal impact to you. We cannot stress the importance of your support. For this we say a heartfelt thank you.”

In a statement, Amerijet said it is no longer able to convert sufficient TTD currency in to USD in order to maintain a ‘reasonable exchange balance’.

As of November 1, 2017, the airline said freight charges would be invoiced in USD and require payment in USD.

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