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09
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Newsletter – September 9, 2020
AIR FREIGHT UPDATES
Labor Day Was The Best Weekend For Airlines In A Long Time
simpleflying.comThe Labor Day holiday is a wrap. The last major national holiday before November was one of the best weekends for airlines in a long time. Though the TSA did not record one million passengers in a day at all over the holiday, it was still a strong weekend and a “last hurrah” before what will likely be a tough rest of the year. Read more here.
ICAO and UPU urge governments to support air cargo
aircargonews.netThe International Civil Aviation Organization (ICAO) and the Universal Postal Union (UPU) have urged governments to support the air cargo industry in order to combat the Covid-19 pandemic and aid economic recovery.The two organsiations issued a joint statement to United Nations members urging them to support postal operators, air cargo carriers, and express mail operators through financial aid and operational flexibility. Read more here.
OCEAN FREIGHT UPDATES
Covid and Golden Week force THE Alliance to cancel October sailings
container-news.comThe members of THE Alliance, Hapag-Llloyd, Yang Ming, ONE and HMM, have updated the latest service adjustments in October in response to the demand changes in the global shipping market amidst the Covid-19 pandemic and the Chinese Golden Week holidays in early October. Read more here.
Top 10 box lines report record positive quarter
lloydsloadinglist.comDespite lower revenues and tonnages compared with last year, for the first time since 2010 each of the leading 10 shipping lines that report their financial results made an operating profit per TEU transported, container shipping analyst Sea-Intelligence has highlighted. Read more here.
Transpacific rates hit new heights – now three times higher than Asia-Europe
theloadstar.comTranspacific container shippers are paying more than three times as much as their Asia-North Europe counterparts, as freight rates on the headhaul leg from Asia to the west coast North America hit unprecedented highs. Read more here.
Major lines continue to adjust Asia charges
container-news.comThe largest shipping lines are continuing to raise rates from Asia, as the market conditions are still unbalanced due to continuing Covid-19 crisis.Maersk Line has announced new rates from Pakistan, United Arab Emirates (UAE) and the Indian Sub-continent to the US and Canada for dry and reefer cargo, effective from 1 October. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Port commissioner defends unlicensed off-dock trucking
insidelogistics.caVANCOUVER. B.C. – The controversy surrounding unlicensed off-dock trucking at the Port of Vancouver deepened this week, with the Office of the B.C. Container Trucking Commissioner (OBCCTC) defending the work.“The off-dock container trucking activity Unifor refers to as (a) ‘black market’ activity and the United Truckers Association (UTA) calls ‘illegal’, is not illegal,” Commissioner Michael Crawford said Tuesday. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
DP World, Caisse de Deport to invest US$4.5 billion in global ports
alaskahighwaynews.caDUBAI, United Arab Emirates — International port operator DP World reached a deal Thursday with one of Canada’s biggest pension-fund managers to pour an additional US$4.5 billion into their joint venture of ports and terminals.The new capital signals a major push to expand and brings the total amount invested by one of the world’s largest port operators and Canadian infrastructure investor Caisse de Dépôt et Placement du Québec to US$8.2 billion. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Trade war and tariffs fail to slow growing surge of US imports from China
theloadstar.comUS west coast ports, and rail and road links to the interior, are currently struggling with a surge of imports from Asia, mostly from China.Despite all the fiery rhetoric and tariffs, the flow of goods from China to the US has not slowed down. Read more here.