Newsletter – May 20, 2022

AIR FREIGHT UPDATES

Why Business Travel Demand Will Slow To Meet Sustainability Targets

simpleflying.com
While there has been a spike in business travel demand, airlines may have cause to worry as companies will exceedingly look to curb their emissions. Read more here.

Air Canada Cargo announces key appointments to senior leadership group

aircargoweek.com
Air Canada Cargo has announced a series of key senior leadership appointments as it continues to position itself for continued growth. Read more here.

OCEAN FREIGHT  UPDATES

Shipowners and unions agree new three-year minimum wage deal for seafarers

ciffa.com
At a time of global inflation not seen for more than 40 years where household items prices are soaring, seafarers, repeatedly hailed by the industry as heroes during the pandemic, have been granted a 4% pay increase for the coming three years. Read more here.

SCFI snaps losing streak

splash.com
The Shanghai Containerized Freight Index (SCFI) – a key spot metric for box shipping – snapped its 19-week losing streak today, with many analysts now suggesting the peak season, combined with Shanghai’s reopening, could see rates roar back.. Read more here.

GROUND AND RAIL FREIGHT  UPDATES

Large carriers still seeing strong demand midway through Q2

freightwaves.com
Appearing at Bank of America’s annual transportation conference, management from some of the nation’s biggest fleets said they haven’t seen any changes in customer demand since reporting first-quarter results a few weeks ago. Read more here.

CANADIAN BUSINESS – GOVERNMENT UPDATES

Outlook shows manufacturing held back by supply chain disruptions

insidelogistics.ca
Canadian manufacturers are being held back in their contributions to economic recovery by continuing supply chain disruptions and labour shortages. Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

Transit times reveal true state of reliability, not queueing ships

theloadstar.com
As global schedule reliability hits rock bottom, new research highlights lockdowns in China are to blame for the increased container shipping transit times. Read more here (login required).