NEWSLETTER NOVEMBER 3, 2022

AIR FREIGHT UPDATES

Airfreight peak season looking unlikely as demand falls again

aircargonews.net
Air cargo volumes declined 8% year on year in October – the eighth consecutive month of decline – and the outlook is equally downbeat.
According to Xeneta-owned CLIVE Data Services the market outlook “remains uncertain” and there is also nothing to indicate an upturn next year from its weekly market data.
There is  “no indication there will be a peak” during the traditional Christmas peak weeks, said CLIVE. Read more here.

OCEAN FREIGHT UPDATES

Maersk Gives Overstocked Retailers the Option to Slow Arrivals

gcaptain.com
Maersk says it is offering shippers the opportunity to slow cargo arrivals from Asia destined for European and US ports to help retailers manage bloated inventories.
The initiative from the Danish logistics integrator comes as demand for retail-lifestyle products from Asia plummets. Read more here.

ILWU clerks shut down Port of Oakland

ajot.com
Port of Oakland container terminals were shut down this morning as a result of a labor action initiated by clerks represented by International Longshore and Warehouse Union (ILWU) Local 34, according to sources at the Port of Oakland.
A Port of Oakland public advisory noted: “Our terminals are reporting terminal interruptions this morning that may lead to delays.” Read more here.

GROUND FREIGHT UPDATES 

Six future motor freight trends

logisticsmgmt.com
Getting freight from point A to point B effectively and affordably has gotten a lot tougher over the last few years, with transportation disruptions, equipment shortages and a lack of drivers—among other things—all contributing to the problem. In response, shippers are shifting their motor freight strategies, exploring new services and using technology to both offset the challenges and leverage new opportunities. Read more here.

CANADA BUSINESS – GOVERNMENT UPDATES

Canadian factory sector’s slowdown deepens in October

reuters.com
TORONTO, Nov 1 (Reuters) – Canadian manufacturing activity contracted for a third straight month in October as production and new orders fell, while recent pressure on the Canadian dollar contributed to a jump in output prices, data showed on Tuesday.
The S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) fell to a seasonally adjusted 48.8 in October from 49.8 in September. Read more here.