Newsletter – November 20, 2018
AIR FREIGHT UPDATES
Transhipments drive a 2.8% rise in Hong Kong airfreight volumes during October
Hong Kong International Airport (HKIA) handled 451,000 tonnes in October, a 2.8% rise over the same month in 2017.
HKIA reported a 7% year-on-year rise in transhipments, which continued to be the main driver for cargo growth. Among key trading regions, traffic to and from North America and Southeast Asia posted the most significant increases for the month. Read more here.
IATA DGR and Cargo – Operational Standards 2019 – Notable changes overview
?Whether your team is performing ground operations, or is processing, labeling and shipping various types of cargo, including time-, temperature- and handling-sensitive commodities, the 2019 editions of the IATA DGR, Cargo and Ground Handling reference manuals contain all the latest information and guidance you need to ensure timely compliance and smooth operations in 2019.
Many important operational and regulatory changes and updates are reflected in the 2019 editions – see our comprehensive overview here.
OCEAN FREIGHT UPDATES
Asia-US spot rates spiked by rush to fill ships to beat trade war tariffs
The Asia to the US east coast component of the Shanghai Containerised Freight Index (SCFI) has continued to gain traction.
This week it added 3.5% to reach $3,739 per 40ft, on strong demand fundamentals. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
White paper examines what’s fueling cargo theft in Canada
Toronto, ON — Northbridge Insurance has released a special report titled Canadian Cargo Theft Trends: What’s new, what’s now, and what’s on the horizon, describing how advancing technology and new high-value targets are putting carriers at risk from coast to coast. Read more here.