Newsletter- August 25, 2022
AIR FREIGHT UPDATES
Travelers To Spain Warned About Airport Worker Strikes
Spain has issued a warning to any passengers looking to travel to or from the country in the next four months. Through the end of the year, airport workers across the country plan to strike for better wages and working conditions. Read more here.
Air cargo market remains flat ahead of upcoming peak season
The air cargo market remains flat as the industry heads towards the traditional peak season.
Data provider TAC Index said that its latest figures showed that overall airfreight rates according to the Baltic Exchange Index (BAI) were last week down 0.8% compared with the prior seven days. Read more here.
Canadian airport sets up logistics beachhead for US e-commerce
At first blush Edmonton, Canada, seems an unlikely destination for international air shipments bound for online shoppers in the United States.
Following some promising trial runs with e-commerce providers, Edmonton International Airport is banking on its geographic location along circumpolar routes, congestion-free facilities and Canada’s trade-friendly customs rules to advance a multibillion dollar air logistics village and become a major cargo hub. Read more here.
OCEAN FREIGHT UPDATES
Union boss warns Felixstowe strike could be extended through to Christmas
Shippers and liners received both good and bad news yesterday, surveying the north European ports scene, which has been heavily hit by industrial action and congestion in recent months.
In Germany, an agreement was reached between unions and ports to avert future strikes. However, in the UK, increasingly militant words from union leaders has many involved in supply chains worried. Read more here.
Klaus-Michael Kühne ‘not comfortable’ with Hapag-Lloyd’s stellar earnings
Klaus-Michael Kühne, the octogenarian joint top shareholder in Hapag-Lloyd, has said he feels uncomfortable with the stellar profits Germany’s top containerline is making.
In a wide-ranging interview carried by the Frankfurter Allgemeine yesterday, Kühne discussed his stakes in Lufthansa, the future of logistics giant Kuehne & Nagel, the war in Ukraine as well as heaping plenty of criticism on the federal government in Berlin. Read more here.
Chittagong shippers hit out at depot charge hikes as demand falls
After the Bangladesh government raised fuel oil prices by 42.5% this month, inland container depots in Chittagong have decided to raise diesel-linked service charges by 25% to meet the increased costs, as shippers claim demand is falling. Read more here (login required).