Newsletter – April 5, 2018
AIR FREIGHT UPDATESIATA warns over protectionism as cargo traffic continues to growsource: aircargonews.netAir cargo traffic continued to improve in February, but IATA has again warned of the impact protectionism could have on the market.According to the latest IATA figures, cargo traffic in freight tonne km terms increased by 6.8% in February, while over the first two months of the year demand is up 7.7%. Read more here.
OCEAN FREIGHT UPDATESHeavy Fog Affecting Shanghai Port Operationssource: CIFFAA CIFFA member reports that heavy fog in Shanghai and the Yangtze River Delta area between March 27 and April 2 has “severely affected ocean freight carrier services and operations at both WaiGao Qiao & Yangshan terminals in Shanghai.”According to the member, the Shanghai Maritime Safety Administration has advised that more than 1,550 barges and ships are delayed along the Yangtze River channel and that ocean-going sailing schedules are affected. It may take two to three weeks for operations to return to normal in Shanghai.
Container shipping set for slow and steady recoverysource: lloydloadinglist.comContainer shipping is set for a period of slow and steady recovery in 2018 and 2019 as the combination of healthy demand growth that will outpace fleet capacity increases results in a better supply-demand balance and slightly higher freight rates – and profits for carriers. Read more here.
GROUND AND RAIL FREIGHT UPDATESFrench rail freight begins recovery after first two-day strikesource: lloydloadinglist.comAfter the first in a series of two-day strikes over the next three months at SNCF ended earlier today, the French state rail operator is already setting down plans to limit the impact on freight services of the next 48-hour stoppage, beginning on 8 April. Read more here
INTERNATIONAL BUSINESSS – GOVERNMENT UPDATESUS shippers may recall or divert tariff-hit exports as trade war with China heats upsource: theloadstar.co.ukUS agricultural shippers are considering diverting or bringing back shipments hit by new tariffs which are already ‘on the water’.The latest salvo in what looks set to be a trade war has seen the US trade representative announce $12.5bn-worth of proposed tariffs on a wide variety of imports from China, including semi-conductors, car and aircraft parts. Read more here.
ATA’s Costello projects out the driver shortage, and it’s a big numbersource: freightwaves.comCalling it his “warning shot to the industry,” the chief economist of the American Trucking Associations foresees a grim future for the supply of truckload drivers in the U.S. over the next eight years. Read more here.