Newsletter: April 21, 2022

  • 21

    Apr

    Newsletter: April 21, 2022
    AIR FREIGHT UPDATES
    Airfreight load factors ex-Shanghai plummet as the cargo fails to arrive

    theloadstar.com
    Airlines still flying out of Shanghai (PVG) could struggle with profitability after being unable to pick up shipments.
    Yesterday, Accenture’s Seabury issued data showing that capacity out of Shanghai had fallen 40% from March – but new data from Clive Data Services shows load factors (LF) had fallen to the lowest levels ever recorded by the Xeneta-owned company. Read more here (login required).

    OCEAN FREIGHT UPDATES
    Maersk takes top spot on the transpacific

    splash247.com
    Maersk has overtaken CMA CGM and COSCO as the largest tonnage operator on the transpacific, according to data carried in the latest weekly report from Alphaliner.
    The Asia to North America container tradelane survey shows 2M partners MSC and Maersk were the fastest growing carriers with both lines launching many standalone loops not as part of their alliance pact. Read more here. 

    Port of Long Beach on-dock rail facility moves closer to construction

    freigthwaves.com
    It’s been a quiet few months in the battle over whether California’s independent contractor law, AB5, will be applied to trucking in that state. Exactly all of the impact that could entail is not known, but at its most basic, it could mean that a trucking company would either need to stop hiring owner operators or radically change their business model in order to do so. An injunction that has blocked AB5 in the state’s trucking sector could end any day; it could also not end until 2023. Read more here. 

    Ocean Alliance launches more services to target import switch to US east coast

    theloadstar.com
    Ocean carriers are focusing their transpacific growth on US east coast port services, as the import coastal shift from the west coast continues.
    According to Alphaliner, the Ocean Alliance (OA) partners will officially commence their eighth Asia-US east coast loop with the sailing of the 11,356 teu CMA CGM Callisto from Yantian, China, on 9 May. Read more here (login required).

    GROUND AND RAIL FREIGHT UPDATES
    Port of Long Beach on-dock rail facility moves closer to construction

    freightwaves.com
    The U.S. Maritime Administration (MarAd) has issued a final environmental impact statement for the Port of Long Beach’s Pier B on-dock rail facility, bringing the planned project one step closer to fruition.
    MarAd released the 382-page statement with its approval for the $1.5 billion project, which the Port of Long Beach describes as the centerpiece of its rail improvement program, on Friday. Read more here. 

    What’s the status of AB5 and its possible impact on trucking in California?

    freightwaves.com
    It’s been a quiet few months in the battle over whether California’s independent contractor law, AB5, will be applied to trucking in that state. Exactly all of the impact that could entail is not known, but at its most basic, it could mean that a trucking company would either need to stop hiring owner operators or radically change their business model in order to do so. An injunction that has blocked AB5 in the state’s trucking sector could end any day; it could also not end until 2023. Read more here. 

    Minster of Transport Response on CP Rail Strike

    ciffa.com
    On April 20, CIFFA received a response regarding a March 11 letter to the Transport Minister, among other Ministers, regarding a possible work stoppage at CP Rail, and any implications on supply chain fluidity In the response, the Minister of Transport, the Hon. Omar Alghabra, indicated that safety is his top priority. “This was true during the disruption of CP rail service and remains the case now. I can also assure you that the safe, timely, and efficient movement of goods is of the utmost importance to the Government of Canada,” he said. Read the reply.

    INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
    How COVID transformed trans-Pacific container shipping

    freightwaves.com
    COVID-driven cargo demand has dramatically altered the trans-Pacific shipping landscape. New data from Alphaliner highlights just how much the Asia-U.S. trade lane has changed over the past two years.
    There’s now far more container shipping capacity in the trade than pre-pandemic. Capacity keeps rising, with more new shipping services focusing on the Asia-East Coast lane than Asia-West Coast. Read more here. 

    Tesla, SAIC and other Shanghai manufacturers get off to a slow start in resuming work, as shortages of staff and parts leave factories sitting idle

    scmp.com
    Several of Shanghai biggest manufacturers got off to a slow start in resuming work at their factories, as shortages of labour and vital parts after more than two weeks of a citywide shutdown left them lying idle.
    At Tesla’s Gigafactory in Shanghai’s Lingang free-trade zone, workers could not resume their assembly of electric cars because they were waiting for battery packs to be delivered, according to two people familiar with the matter. The factory, idle since March 28, could lose about 50,000 Model 3 and Model Y vehicles in missed production, based on its installed daily capacity of 2,000 cars. Read more here.

     

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