Newsletter – May 10, 2023

AIR FREIGHT UPDATES

The resilience of the airfreight industry

aircargoweek.com
The essential role that air cargo plays in global trade makes the industry particularly susceptible to the highs and lows of the global economy. Wider macro factors produce fluctuations or plateaus of supply and demand – factors which have been turbulent and unabating over the past few years. In fact, due to considerable upheaval caused by the Covid-19 pandemic and the ongoing Russia-Ukraine war, forecasting for the future is currently the most challenging it has been for nearly 30 years. Read more here.

Freighter fleet growth strategies vary at Canadian carriers

theloadstar.com
Canada’s largest airfreight carriers are charting different courses.
While Air Canada adheres to its fleet expansion schedule, and has expanded its freighter line-up, Cargojet is looking to sell a third B777-300 that had been planned for fleet growth and looking for opportunities to place as many as five B757 freighters in leasing arrangements. Read more here (login required).

OCEAN FREIGHT UPDATES

Evergreen latest liner in the dock over shipper complaints

splash247.com
Taiwan’s Evergreen stands accused of failing to stick to its contract, forcing a car parts firm to shift some of its shipments onto highly inflated spot terms.
Evergreen has until to the end of the month to respond to the case filed by CertiFit, one of many lodged at the Federal Maritime Commission (FMC) in Washington DC. Read more here.

Alliance rivals ready to cash in if 2M divorce gets messy

theloadstsar.com
THE Alliance and Ocean Alliance vessel-sharing partners are taking full advantage of the 2M’s potentially messy divorce to beef up their east-west networks and grab market share.
Both Ocean and THEA members announced network upgrades last month, whereas, as the notice period for the disbandment of the 10-year VSA continued, 2M partners Maersk and MSC kept their strategy cards close to their chests. Read more here (login required).

GROUND AND RAIL REIGHT UPDATES

EY Americas leader: 70% of supply chain digital transformation efforts fail

freightwaves.com
ORLANDO, Fla. — The exhibition floor of the Gartner Supply Chain Symposium is annually marked by rows of providers of technology solutions operating out of booths adorned with buzzwords: AI, transparency, resiliency. “Transform” and “transformation” also make frequent appearances.
But what Sumit Dutta of EY Americas knows is that the success rate on true supply chain digital transformation isn’t good: 70% of them fail. Read more here.