Newsletter- September 12, 2022

AIR FREIGHT UPDATES

Israeli government’s ban of 747s hits freighter operators

theloadstar.com
Next spring 747 freighters will no longer be allowed to fly to Israel, a major producer of high-tech products and pharmaceuticals. On 31 March, 2023 a ban on four-engine aircraft will come into effect. After that date such planes will only be admitted under exceptional circumstances, provided the operators obtain a special permission in advance. Read more here (login required).

Seoul secures discounted air freight for SME shippers

theloadstar.com
The South Korean government is acting again to secure freight capacity for exporters, but this time, air freight is being procured, for small and medium-sized enterprises and start-ups.
An arrangement with Korea SMEs and Startups Agency (KOSMES), working with Korean Air Lines (KAL) and US courier group DHL’s South Korean branch, to fly cargo at discounted rates will start this month, and continue to the end of the year. Read more here.

GROUND AND RAIL FREIGHT UPDATES 

‘A full-blown crisis’: East Coast truckers grapple with surging empties, lack of chassis

transportdive.com
Trucking companies are pushing ocean carriers and port officials to clear a pileup of empty containers at the East Coast’s largest port that has exacerbated chassis constraints and disrupted operations.
Shippers have shifted cargo to East Coast ports in hopes of avoiding congestion that has clogged West Coast ports over the last two years. As of August, the Port of New York and New Jersey said it had handled “an astounding rise of 34 percent in cargo volume,” compared to before the pandemic. Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

Change needed as Bangladesh importers wait 11 days for customs clearance

theloadstar.com
Bangladeshi importers are waiting around 11 days for their cargo to be released after arrival at the country’s seaports and a week at airports, according to the Time Release Study 2022, by the Bangladesh Customs Authority.
The report adds that the release of containers at inland ports can takes 10 days and eight hours. Read more here (login required).

Chip Delivery Times Shrink in August

ttnews.com
Chip delivery times shrank again in August, a sign the global shortage is easing further, but some types of semiconductors remain hard to find.
Lead times — the gap between when a chip is ordered and when it is delivered — averaged 26.8 weeks in August, according to research by Susquehanna Financial Group. That was a day shorter than they were in the prior month. Read more here. Read more here.