Newsletter – June 19, 2018

AIR FREIGHT UPDATES

Air freight could benefit from a rush to beat US-China tariff deadline

source: theloadstar.co.uk

A rush to beat the tariffs imposed by the US and China in the latest trade spat could spark a change in freight movements and rates.

Over the weekend, China retaliated against the US imposition of 25% tariffs on $34bn of Chinese goods, by targeting the same value of imports. Read more here (login required).

Europe’s crowded skies face capacity crunch

source: aircargonews.net

Europe’s crowded skies face “serious capacity challenges” according to a new report by Eurocontrol, the organisation for the safety of air navigation in Europe.

The Challenges of Growth study finds that without urgent action, the network will be unable to cope with the demand for flights predicted by 2040. Read more here.

OCEAN FREIGHT UPDATES

Maersk rings the changes, operating capacity dips for the first time this decase

source: splash247.com

Heeding the words of its group CEO, Maersk Line, the worlds’ largest containerline, is making sweeping changes to its service netowrk in a bid to drive profitability at a difficult time for the Danish carrier. Read more here.

GROUND AND RAIL FREIGHT UPDATES

Angry Chinese truckers in mass strike as fuel costs overtake haulage fees

source: theloadstar.co.uk

Rising fuel prices and strikes have hit China’s truck market.

Truckers across the country have staged mass protests and refused to work over the weekend.

They claim transport fees are no longer sustainable in the face of rising fuel costs. Read more here (login required).

CANADA BUSINESS AND GOVERNMENT UPDATES

Damage at Snell Lock Causes Delays in St. Lawrence Seaway

source: CIFFA

Just after 2:30 am yesterday, a ship struck a ship arrestor at the Snell Lock, on the American side of the river. The damage was repaired and operations resumed at 6:50 pm last night. Seven vessels were delayed by the incident.