Newsletter – April 30, 2021

AIR FREIGHT UPDATES

As it ‘awakes’, is Delta Airlines, with a new cargo chief, finally getting it right?

theloadstar.com
Delta Airlines last year achieved the unenviable distinction of being one of the very few major carriers to see cargo revenues plummet – despite a global average rise in air freight rates of a whopping 75%. Read more here (login required).

OCEAN FREIGHT UPDATES

Longshore union says legislation to reopen Port of Montreal “unconstitutional”

insidelogistics.ca
Union representative Michel Murray denounced the legislation at a news conference in Montreal Thursday
The spokesman for a union representing striking dockworkers at Montreal’s port called on Thursday for an end to contentious scheduling practices before the workers are forced back on the job. Read more here.

ONE reports soaring 2020 profits, but stays cautious on predictions for this year

theloadstar.com
Japanese container line ONE today reported a $3.5bn profit for 2020 – an astonishing leap from the $105m profit declared for 2019.
The earnings surge came on the back of a 21% increase in annual revenue, to $14.4bn, as the container shipping market rebounded in the second half of last year. Read more here (login required).

Container shipping could go carbon neutral right now

splash247.com
The container shipping sector is clearly beginning to take step towards the IMO 2050 goals of reducing carbon emissions by 50% – and that is 50% of the total emissions, not unit emissions per teu*mile. In practice this means that most of the vessels operating at that time would have to be carbon neutral. Read more here.

The CMA CGM Group announces the order of 22 new vessels

ajot.com
The CMA CGM Group, a world leader in shipping and logistics, signed today with CSSC Group an order for:

6 LNG-powered containerships with a capacity of 13,000 TEUs (Twenty-foot equivalent unit),
6 LNG-powered containerships with a capacity of 15,000 TEUs,
10 VLSFO-powered containerships with a capacity of 5,500 TEUs

This order aims at accommodating market growth. These vessels are expected to join the Group’s fleet between 2023 and 2024. Read more here.

GROUND AND RAIL FREIGHT UPDATES

Positive Q1 for optimistic North American railroads as intermodal traffic grows

theloadstar.com
North American railroads recorded a mostly positive first quarter in intermodal, with CN, CSX and Union Pacific all growing – but at Canadian Pacific, the picture was more muted.
Chief executive of CN JJ Reust, announcing the 14% growth of intermodal revenue, claimed the company was destined to become the “premier railway of the 21st century”.
He added: “Industry-outpacing growth in intermodal positions CN to be an engine of North American growth and prosperity, and an operational and sustainability leader. Read more here (login required).

CANADA BUSINESS – GOVERNMENT UPDATES

Ontario to give workers 3 paid sick days, reimburse businesses costs

bnnbloomberg.ca
TORONTO — Ontario will give all workers three paid sick days to help employees take time off to self-isolate during the pandemic.
Labour Minister Monte McNaughton announced the measure today after months of intense pressure from experts and advocates who’ve said sick leave would help reduce workplace outbreaks. Read more here.