Newsletter – August 30, 2019
AIR FREIGHT UPDATES
Amazon to invest in Canadian freighter operator Cargojetaircargonews.netE-commerce giant Amazon will invest in a third freighter operator as it takes a stake in Canada’s Cargojet.The two have been working together over recent years with Cargojet providing overnight air cargo services and charter flights. Read more here.
OCEAN FREIGHT UPDATES
Carrier results demonstrate benefits of consolidationlloydsloadinglist.comCarriers have managed to increase revenues and volumes, despite slowing growth and external pressures. Consolidation has made it easier for them to manage capacity. Read more here.
Irish port prepares for Brexit by boosting customs facilitiesseanews.com.trTHE Port of Cork in Ireland has doubled the size of its customs facilities to reduce processing times at the border in the event the UK leaves the EU without a deal. Read more here.
Carriers ditch constant chase for market share in a quest for profitstheloadstar.comZim’s return to the black in Q2, the carrier’s first net profit since Q317, confirms a trend of container lines giving up their chase for market share in favour of profitability, according to analyst Lars Jensen. Read more here.
GROUND AND AIR FREIGHT UPDATES
US trucking casualties mount as driver shortage and rising costs bitetheloadstar.comThe US trucking market has claimed two casualties inside 24 hours.On Tuesday, HVH Transportation, a mid-sized firm with 344 tractor units and 324 drivers on its payroll, abruptly ceased operations. Read more here (login required).
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Logistics sector prepares for Hurricane Dorian and the aftermathfreightwaves.comIt’s business as usual for transportation providers and freight hubs serving the Southeast market, but as Hurricane Dorian approaches they are quickly implementing contingency plans for safety and post-storm recovery. Read more here.