Newsletter- April 16, 2018AIR FREIGHT UPDATESAir France seeks to end strike impassesource: aircargonews.netAir France management said on 10 April that it had offered trade unions multi-year pay negotiations between 2019 and 2021 in an effort to find a solution to ongoing strikes that have been disrupting flights over the past few days. Read more here.
Cargo throughput at Hong Kong International Airport (HKIA) decreased by 2.5% to 422,000 tonnes in March, said the airport authority.source: aircargonews.netThe decline was mainly attributed to a 12% year-on-year drop in exports with South Korea and Europe registering the most significant drops during the month. However, imports were up 13%. Read more here.
OCEAN FREIGHT UPDATESShipping lines continue to add capacity amid spot price declinesource: lloydsloadinglist.comBox shipping lines are adding to downward pressures on spot prices by continuing to introduce more capacity onto the market while charter rates are moving in the opposite direction as the availability of open tonnage shrinks, according to the latest market analysis. Read more here.
GROUND AND RAIL UPDATESCP Rail sees ‘gap’ in labour talks as strike deadline nearssource: calgarherald.comCanadian Pacific Railway says a new labour agreement with thousands of train conductors and other workers remains elusive, less than a week before the deadline for the start of a strike that could cripple its network. Read more here.
CANADIAN BUSINESS – GOVERNMENT UPDATESThe Government of Canada supports infrastructure projects that create quality middle-class jobs and boost economic growth.source: canada.caThe quality of Canada’s transportation infrastructure and the efficiency of the country’s trade corridors is key to the success of Canadian firms in the global marketplace.Today, the Honourable Marc Garneau, Minister of Transport announced a major investment of $18.4 million for the Port of Montréal that will help local businesses compete by moving commercial goods to market, and create more jobs for the middle class. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATESContainer shipping sector challenges and opportunities are laid out in AlixPartners reportsource: logisticsmgmt.comLooking at the many facets that comprise the container shipping sector, it is fair to say that it is replete with many familiar themes, like overcapacity and rate pressures, as well as potential opportunities for future growth and stabilization. Those are a few of many takeaways in a report issued this week by global business advisor firm AlixPartners. The report, entitled “2018 global container shipping outlook: Though challenges remain, opportunities exist for carriers,” takes an in-depth approach to various factors prevalent within the sector. Read more here.
Trump weighs rejoining Trans-Pacific Partnership he once called ‘disaster’source: chicagotribune.comresident Donald Trump ordered top administration officials Thursday to look at rejoining the Trans-Pacific Partnership, the sprawling trade pact he rejected three days after taking office. Read more here.