Newsletter – July 17, 2020
AIR FREIGHT UPDATES
Air Canada Cargo Adds Cargo-Only Flights to Latin America and the U.S.aircanada.comAir Canada Cargo continues to optimize cargo-only flights to meet capacity demands on international routes.*Toronto – Sao Paolo weekly flight*Montreal – Havana – Bogota twice-weekly flights*Montreal or Toronto – Atlanta – Quito twice-weekly flightsConsult the online schedule (now downloadable) for details and updates.
Cathay cargo volumes under pressure as company issues profit warningaircargonews.netCathay Pacific Cargo saw its airfreight volume declines deepen in June as urgent demand for personal protective equipment continued to ease.The airline saw traffic in cargo and mail tonne km terms decline by 35.8% year on year to 596m in June, while cargo volumes were down 43.1% compared with last year to 93,228 tonnes. Read more here.
American Air makes big bet on NYC, Boston with JetBlue allianceajot.comAmerican Airlines Group Inc. is forming a commercial partnership with JetBlue Airways Corp. to spur growth in New York, years after largely ceding the city’s two largest airports to rivals. Read m ore here.
OCEAN FREIGHT UPDATES
Carriers continue capacity balancing and reduce rates to attract cargotheloadstar.comContainer spot rates from Asia to Europe fell back this week as carriers started to reduce rates slightly to attract cargo.Today’s Shanghai Containerized Freight Index (SCFI) edged down 1.4% on the week to North Europe, to $907 per teu, while the Mediterranean component declined 1.2%, to $940 per teu. Read more here.
US container imports fall 10% in June, but west coast ports pull traffic backtheloadstar.comIn a reversal of the trend of the past year, US west coast ports fared better in comparison with their east and Gulf coast gateway rivals last month, recording a smaller decline in container imports.According to the latest monthly statistics compiled by New York-based consultancy Blue Alpha Capital, container imports into the top ten US ports declined by 10.2% in June, compared with the same month of last year, to 1.5m teu. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Air Canada Cargo’s Tim Strauss in surprise move to Amerijetaircargonews.netAir Canada Cargo’s Tim Strauss will become the new chief executive of freighter operator Amerijet from mid-August.The air cargo stalwart will take up his new role on August 17, with current chief executive Vic Karjian who is becoming the company’s executive chairman. Read more here.
Quebec’s mask rule and logistics workersinsidelogistics.caMONTREAL – As of Saturday, July 18, in Quebec, wearing a mask or face covering will be mandatory in closed or partially covered public places to prevent the spread of Covid-19.What about a trucker who enters the facilities of a shipper or receiver to deliver documents, go to the bathroom or who must go to a customer’s warehouse? Are these facilities considered public places within the meaning of the regulations? Read more here.
B.C. project cargo corridor announcement falls short of expectationscanadiansailings.caThe B.C. government’s announcement in January of new project cargo corridor permits falls well short of what representatives of Port of Vancouver and the B.C. Trucking Association (BCTA) have been awaiting for several years. Both Dave Earle, BCTA president, and Doug Mills, a senior account representative with Vancouver Fraser Port Authority, expressed some satisfaction with the narrow scope of the announcement. “But,” as Mr. Mills put it, “there are several more steps that are absolutely required before I would be out there making any announcements myself.” Read more here.