Newsletter – June 17, 2019
AIR FREIGHT UPDATES
The Fastest Airlines In The U.S.forbes.comOn a balmy 74-degree afternoon in early May, Southwest Flight 2275 from Los Angeles touched down in Las Vegas, ushering its six dozen passengers into the gambling mecca. Read more here.
OCEAN FREIGHT UPDATES
The business models behind container leasing in maritime freight marketfreightwaves.comFrom a vantage point over the freight industry, it can be argued that international trade owes a lot of its growth to the humble intermodal shipping container. Pioneered and made mainstream in the 1950s by the U.S. transport entrepreneur Malcom McLean, containerization has revolutionized freight movement and is essentially the lowest common denominator among shipping processes that frequently change across borders. Read more here.
IMO 2020 credit risks to cascade across marine fuel supply chainfreightwaves.comThe global sulfur cap for marine fuel goes into effect in just six and a half months. There has been significant focus on how the new rule, known as IMO 2020, could affect land-based diesel pricing, and how it will upend the market for residual heavy fuel oil. Read more here.
GROUND & RAIL FREIGHT UPDATES
Legal pot makes it harder to recruit truck drivers, industry leader saysrollcall.comAs the trucking industry struggles with a driver shortage, the president of a major lobby placed part of the blame on wider acceptance by states of marijuana use. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Canada shakes up global propane trades with new terminalsplash247.comCanada’s first propane export terminal – Altagas’s Ridley Island Export Terminal (RIPET)– has become operational, upping global LPG supplies. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Severe storms, flooding threats (forecast video)freightwaves.comSevere thunderstorm outlook: Watch out for scattered showers and thunderstorms today and tonight from the Rockies and the Sierra Nevada all the way to the Mid-Atlantic. Read more here.