Newsletter – December 19, 2017
AIR FREIGHT UPDATES
Hong Kong airfreight volumes soar 6.9% in November
Hong Kong International Airport (HKIA) saw significant growth in cargo volumes during November 2017 as throughput went up by 6.9% year on year to 466,000 tonnes. Read more here.
Ex-Asia air cargo volumes continue boom
The latest figures from Asia’s leading air cargo hubs confirm the extent of the fourth quarter boom in demand that has seen freight rates soar. Read more here.
Delta Cargo flights hit by power outage at Atlanta Hartsfield-Jackson
Cargo through Atlanta could experience some delays following the cancellation of more than 1,000 flights due to a power outage at Atlanta Hartsfield-Jackson International. Read more here.
OCEAN FREIGHT UPDATES
Vancouver port workers rally against controversial border pre-clearance changes
The International Longshore and Warehouse Union Canada fears Bill C-23 gives the U.S. Department of Homeland Security sweeping powers that will bar some of the union’s Canadian workers from working in Canada. Read more here.
Asia-WCNA market continues six-year growth trend
The eastbound Asia to West Coast North America ocean freight market has continued its six-year run of strong demand growth, although freight rates remain under pressure ahead of the annual contracting season and US West Coast terminals are losing cargo to competitors in Canada and the East Coast, analysis by Drewry reveals. Read more here.
New London port moves a step closer
London’s Port of Tilbury has submitted an application for a development consent order (DCO) to the Planning Inspectorate to build a new terminal adjacent to the current port in Thurrock. The proposed new port, known as Tilbury2, will be built on a 152-acre (62-heactare) site that was part of the former Tilbury Power Station. Read more here.
Asian volumes still switching to Canadian ports from US hubs as fears grow over rates
Growth at US west coast ports has been overshadowed by increases for the Canadian hubs of Vancouver and Prince Rupert and, to a lesser extent, by east coast ports. Read more here.
INTERNATIONAL BUSINESS- GOVERNMENT UPDATES
European Union hopes new regulations will boost cross-border e-commerce
The European Union (EU) is hoping new cross-border regulations will help boost e-commerce trade.
Yesterday, EU negotiators reached a provisional agreement that it is hoped will make prices for cross-border e-commerce more transparent and affordable and increase regulatory oversight of the parcel market. Read more here.
Death of railway CEO Hunter Harrison renews debate on health disclosures
The death of CSX Corp. Chief Executive Officer Hunter Harrison just two days after the railroad announced his medical leave resurrects questions about just how much companies should disclose about the health of their leaders. Read more here.