Newsletter – December 15, 2020
AIR FREIGHT UPDATES
Major Snow Storm Could Cause Havoc For East Coast Airportssimpleflying.comIf you live on the East Coast of the United States or were planning to visit this week, you may want to change your plans as the biggest snowstorm in years is set to cause havoc at airports up and down Interstate 95. Meteorologists have issued a winter storm watch and advisories for what is shaping up to be one of the biggest snowstorms the Northeast has seen in years. Read more here.
Exceptionally strong air freight demand set to continue until Chinese New Yearlloydsloadinglist.comGlobal air freight demand is exceptionally strong currently and is likely to remain so until Chinese New Year next February, according to a leading air charter broker, with peak traffic levels heightened further by modal shift from ocean to air due to problems in sea freight markets. Read more here.
Airbus Wants More Government Support For Canadian Airlinessimpleflying.comUnlike many other nations, Canada hasn’t provided its airlines and aviation industry with any sector-specific financial support. Now, Airbus CEO Guillaume Faury has criticised the Canadian government’s response to the pandemic. The comments come after Air Canada cancels an order for 21 Airbus A220. Read more here.
OCEAN FREIGHT UPDATES
Fury at another new surcharge: carriers ‘cashing in’ on a self-created crisistheloadstar.comFreight forwarders are “exasperated” by the latest surcharge added to their already sky-high bill by shipping lines.It’s an “Emergency Space Surcharge”, levied by CMA CGM, of $200 per teu from 15 December from south eastern Indian ports to major destinations in Europe and Central and South America. Read more here (login required).
Asia-North Europe rates pass $10,000 – wait till it’s our turn, say forwarderstheloadstar.comRecord high spot rates from Asia to North Europe and predictions of huge hikes for annual contract rates could lead to a rush of cancelled orders for next year.Retailers in Europe are already nervous about new partial lockdowns stymieing their sales, and the enormous sea freight rates and surcharges they are being billed is significantly adding to their concerns. Read more here.
Port of LA sets up digital-security centre as cyber-crime ‘goes corporate’theloadstar.comThe port of Los Angeles has taken a decisive step to combat cyber-criminals targeting its ecosystem of users.It has struck an agreement with IBM Security for the creation and operation of a Port Cyber Resilience Centre that aims to raise the level of protection and automate threat collaboration beyond the port itself to stakeholders involved with cargo flowing through Los Angeles. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Canada Post shifts holiday delivery deadlinesinsidelogistics.caOTTAWA – Canadians have just days remaining to ship parcels in time for Christmas after Canada Post moved up deadlines because of the unprecedented holiday demand caused by COVID-19. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Vaccine distribution, peak-season climax spawn parcel delivery stormfreightwaves.comA tumultuous year for the parcel-delivery business has been taken to another level as parcel shippers find themselves competing with the most precious of cargoes for peak holiday season air and surface capacity.To the amazement of many, the first of what are expected to be several vaccines to crush the novel coronavirus has been approved by federal regulators and shipped out before the end of 2020. The timing of these extraordinary developments has an unintended consequence in that it coincides with the last full week of holiday shopping and shipping. Read more here.