NEWSLETTER – OCTOBER 18, 2022

AIR FREIGHT UPDATES

Maersk highlights ongoing need for air cargo despite ocean recovery

aircargonews.net
Shipping and logistics giant Maersk has said air cargo will be needed as a reliable alternative to oceanfreight during the peak season.
In a market round-up, the Copenhagen-headquartered company said that although the oceanfreight market had improved in recent weeks there were still challenges ahead. Read more here.

OCEAN FREIGHT UPDATES

Container-Ship Logjams Off U.S. Ports Finally Easing as Imports Fall

freightwaves.com
The good news is that there were fewer than 100 container ships stuck waiting off North American ports on Friday. The bad news is that there were still 99 container ships offshore and the pre-COVID norm was in the single digits.
There’s still a long way to go to clear the backlog. But the current tally is now back to June levels and 35% off recent highs. Read more here.

Liverpool dockworkers to stage further two-week strike

splash247.com
Hundreds of port workers at the Port of Liverpool, one of the UK’s largest container ports, will stage two more weeks of strikes over pay and jobs.
Nearly 600 dockworkers will walk out again from October 24 to November 7, after industrial action over recent weeks, the Unite union has said. Read more here.

GROUND AND RAIL FREIGHT UPDATES

Best practices, policy reviews mitigate carrier risks

trucknews.com
Canadian carriers sending trucks into the U.S. are one incident away from a nuclear verdict. The dilemma they face is having too little insurance that could shut a company down or too much insurance, thus painting a target on their backs. Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

COVID-19: Zhengzhou locks down almost 1 million people

taipeitimes.com
Zhengzhou, the iPhone manufacturing hub, has locked down one of its most-populated districts to tame a COVID-19 flare-up, with creeping restrictions throughout China underscoring the constant threat of disruption companies face while the country sticks to “zero COVID.” Read more here.