Newsletter: March 2, 2022

AIR FREIGHT UPDATES

Air capacity plummets as Japan’s carriers mull halting operations to Europe

theloadstsar.com
Air freight capacity is plummeting and prices are soaring – but sea-air could help alleviate the problem.
Not only has the US implemented a ban on Russian aircraft, resulting in American carriers being unable to overfly Russia, but some Asian airlines are contemplating stopping operations to the UK and Europe. Read more here. 

Flights Over Kazakhstan Triple After Airspace Bans

simpleflying.com
As the war in Ukraine rages on and sanctions are levied across the board, airlines have been looking for airspace in Asia to continue flying through. This has made Kazakhstan’s airspace extremely valuable in recent days, with flights tripling to over 450 daily. With the crisis not dying down soon, here’s a look at the new airspace map for airlines. Read more here. 

OCEAN FREIGHT UPDATES

TPM22: Importers plea for early west coast labour contract talks, as uncertainty bites

theloadstar.com
US importers are getting antsy over the looming contract negotiations at west coast ports.
In a letter to the heads of the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA), the chief of the National Retail Federation (NRF) urged both sides to commence negotiations as soon as possible and commit to constructive dialogue until a new contract is agreed. Read more here (login required).

New legislation would strip ocean carrier antitrust protections

theloadstar.com
Ocean carriers would no longer enjoy their limited antitrust immunity under new legislation aimed at curbing what some lawmakers and the Biden administration consider to be out-of-control market power.
The Ocean Shipping Antitrust Enforcement Act, introduced on Monday by Rep. Jim Costa, D-Calif., would amend U.S. shipping regulations by repealing section 40307 of Title 46 of the United States Code, which protects foreign carriers from certain antitrust laws. Read more here.

CANADA BUSINESS – GOVERNMENT UPDATES

Mirabel International: The History Of Montréal’s Other Airport

simpleflying.com
Passengers flying in Canada today are likely familiar with Montréal-Pierre Elliott Trudeau Airport (YUL). However, did you know that the city is served by another airport, which is now an important hub for cargo and aircraft manufacturing? Here’s the story of Mirabel Airport. Read more here. 

New Richmond container storage facility strengthens Canada’s supply chains

portvancouver.com
Partially funded under the National Trade Corridors Fund, the 40-acre facility is already providing storage for empty containers, and will help support more efficient supply chains
In mid-November, 2021, severe flooding in B.C. completely cut off rail service connecting the Port of Vancouver to national supply chains for eight days, exacerbating global supply-chain challenges that have been affecting Canadians throughout the COVID-19 pandemic.  Read more here.