Newsletter- September 15, 2022

AIR FREIGHT UPDATES

Air Canada Cargo first to be re-certified by IATA for the safe transport of live animals

aircargonews.net
Air Canada has become the first airline to be re-certified by the International Air Transport Association (IATA) for the safe transport of live animals by Air Canada Cargo.
IATA awarded Air Canada Cargo with the Center of Excellence for Independent Validators for Live Animals Logistics (CEIV Live Animals) recertification following successful completion of the verification process. Read more here.

Maersk Air Cargo starts regulatory process for US flights

aircargonews.net
Shipping giant AP Moller-Maersk has applied to the US Department of Transportation to have the foreign air carrier permit of subsidiary Star Air transferred to its new Maersk Air Cargo business.
In filings seen by Air Cargo News, the company has applied to amend and reissue Star Air’s foreign air carrier permit in the company’s new legal name Maersk Air Cargo and pending the approval of the amendment, issue exemption authority in the same name. Read more here.

Schiphol hit by staff shortages with airlines asked to cancel flights

aircargonews.net
Schiphol Airport on Monday asked airlines to cut flight numbers after being again hit by staff shortages.
The Dutch airport asked several airlines to cancel flights between 16:00 and 23:00 on September 12 due to security staff shortages. Read more here.

OCEAN FREIGHT UPDATES

FMC seeks to limit ocean carriers’ leverage on container space

freightwaves.com
The Federal Maritime Commission is proposing a rule aimed at preventing ocean carriers from locking out customers from the carriers’ available vessel space.
The notice of proposed rulemaking (NPRM), expected to be published this week in the Federal Register, will give the public 30 days to comment on a provision included in the Ocean Shipping Reform Act of 2022 that prohibits ocean carriers from unreasonably refusing to deal or negotiate with respect to vessel space accommodations. Read more here.

Transatlantic becomes most lucrative east-west trade

splash247.com
The slide in spot earnings on the transpacific has been dramatic over the past month, and lines are redeploying ships to more profitable tradelanes.
Alphaliner has crunched the numbers to work out the revenues per nautical mile on the main east-west tradelanes with the transatlantic coming out on top by some distance. Read more here.

GROUND AND RAIL FREIGHT UPDATES

U.S. railroad strike averted by late-night deal

reuters.com
WASHINGTON, Sept 15 (Reuters) – Major U.S. railroads and unions secured a tentative deal after 20 hours of intense talks brokered by the Biden administration to avert a rail shutdown that could have hit food and fuel supplies across the country and beyond.
If they accept the deal, workers whose pay had been frozen will win double-digit increases and exceptions to employer attendance polices that will allow them to seek certain types of medical care without fear of being punished, union leaders said. The agreement includes an immediate 14.1% wage rise, the railroads said. Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

US imports set to be bolstered by Pacific rate decline and strong dollar

theloadstar.com
Transpacific ocean rates might be experiencing a “post-Covid plummet”, but US import volumes remain high and lower freight rates could be “good for the economy”.
As The Loadstar reported yesterday, the latest Shanghai Containerised Freight Index (SCFI) showed rates from Shanghai to Los Angeles declining 32% in the space of a fortnight, to $3,500 per 40ft. Read more here.