Newsletter – August 26, 2019
AIR FREIGHT UPDATES
Amazon agrees to take equity stake in Canadian airline Cargojetfreightwaves.comAmazon.com, Inc. (NASDAQ:AMZN) will acquire a minority equity stake in Canadian cargo airline Cargojet Inc. (TSX:CJT), Amazon’s air carrier partner in Canada, the companies said Aug. 23. Read more here.
Air India Is Unable To Refuel At 6 Indian Airportssimpleflying.com
State-owned oil firms have stopped India’s national flag carrier from being able to refuel their planes at six regional airports. This latest action happened on Thursday following the non-payment of money owed, according to News 18. Read more here.
OCEAN FREIGHT UPDATES
CBP will introduce vessel manifest data confidentiality toolfreightwaves.comCustoms and Border Protection said the new tool will allow importers and exporters to have their vessel manifest data confidentiality requests processed within 24 hours. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Ottawa ready to pass law forcing CN to restore rusting Quebec Bridgecanadianshipper.comOttawa says its ready to take ownership of the aging Quebec Bridge or pass legislation forcing the Canadian National Railway to restore the historic structure. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
China to impose $75 billion in retaliatory tariffsfreightwaves.comChina will impose additional tariffs on U.S. imports worth about $75 billion in response to a forthcoming fourth tranche of U.S. tariffs across about $262 billion worth of goods from China in annual import value, China’s State Council announced Aug. 23. Read more here.
China extends pilot free trade zones to strategic border regionsscmp.comChina will establish new pilot free trade zones (FTZs) in six provinces across the country, extending strategic trials to border regions to help improve trade ties with neighbouring countries and expand the reach of the Belt and Road Initiative. Read more here.