Newsletter – May 29, 2020
AIR FREIGHT UPDATES
More air cargo finds its sea legs during COVID-19freightwaves.comEscalating airfreight transportation rates and capacity shortages out of China in recent months due to the coronavirus pandemic have led many shippers to try hybrid services that combine sea and air modes.So-called “sea-air” services offered by some global freight forwarders and non-vessel-operating common carriers (NVOCCs) have been around for decades, but they tend to come and go depending on airfreight market conditions. Read more here.
The barrier to change for air cargo is not technology, or cash – it’s mindsettheloadstar.comThe air cargo industry is at something of a crossroads: the past couple of months has presented an opportunity review strategy – with some executives suggesting it is time put cargo at the forefront, rather than passengers, and offer customers an integrator-style model. Read more here.
OCEAN FREIGHT UPDATES
Klaus-Michael Kuhne seeks greater influence at Hapag-Lloydsplash247.comKlaus-Michael Kuhne has signalled his intention to have a greater influence at Hapag-Lloyd by seeking an extra seat on the supervisory board ahead of next week’s annual general meeting. Read more here.
GROUND AND RAIL FREIGHT UPDATES
CN feeling the pain as pandemic rolls oninsidelogistics.caMONTREAL – Business at Canadian National Railway Co. has gone downhill since mid-March, leading to thousands of temporary job cuts at the company as the Covid-19 pandemic rips into a sector that serves as a barometer of economic cycles.Revenue ton miles – a key industry metric – fell 15 percent year over year in April and 21 per cent in May, CEO JJ Ruest said Thursday, speaking at a conference held online. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Your Guide To Feeling A Human Connection With The Group In Zoom Meetingsforbes.comUnder lockdown, we’re all replacing travel for meetings and conferences with online video tools, and the popularity star of the show has been Zoom. All the different tools were designed with different approaches, but none really expected to be a replacement for all our travel. As such, there are rough edges still being sanded down – but in many cases there are things you can do to improve the experience, and try to reproduce that sense of getting together with others that has vanished. Read more here.
New survey lays bare the true cost of ‘COVID’ overheads for logistics firmslloydsloadinglist.comFrance’s leading logistics association, TLF, has surveyed its members and put a figure on the overheads they are incurring in protecting staff, company premises and equipment from COVID-19, underlining that the industry cannot shoulder the financial burden alone. Read more here.