Newsletter – February 21, 2018
AIR FREIGHT UPDATESAir freight industry failed its high-paying customers in a fourth quarter of ‘complete mayhem’source: theloadstar.co.ukThe fourth quarter of last year was “complete mayem”, as an unprepared air cargo industry failed its customers.Russi Batliwala, CEO of Chapman Freeborn, berated the “unreliable” air cargo industry for letting down shippers, who were also forced to pay high rates. Read more here (login required).
GROUND AND RAIL FREIGHT UPDATESCN Rail’s Traffic Jam Dulls Shine of ‘Gold Standard’ Efficiencysource: ajot.comCanadian National Railway Co., the longtime paragon of efficiency for North American railroads, is losing some of its luster as it struggles to catch up with a surprise surge in demand.
A jump in volumes is causing persistent network congestion, prompting a public rebuke last week from customer Halliburton Co., which said service delays would hurt its earnings. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATESTrudeau announces two way investment deal with India worth $1 billionsource: canadianshipper.comMumbai, India — Some of India’s biggest companies say they will invest more than $250 million in Canada, in everything from pulp mills to pharmaceuticals and the IT sector.
Canadian companies, meanwhile, plan to invest $750 million in India. Read more here.
INTERNATIONAL BUSINESS GOVERNMENT UPDATES
India is full of potential, but when will it take off?source: theloadstar.co.ukIndia has long been the country full of potential. But the question, of course, is whether – or when – it might begin to fulfil it.But the market appears to think that the country is on its way, if the airline support of Air Cargo India is indicative. Carriers told The Loadstar that yields are on their way up, volumes are good, and the demand is there. Read more here (login required).