Newsletter – August 1, 2018

AIR FREIGHT UPDATES

Testing times for cargo says Cathay

source: aircargonews.net

Cathay Pacific is monitoring air cargo flows to the US from Hong Kong and China in order to assess the potential impact of trade tariffs initiated by Washington. Read more here.

OCEAN FREIGHT UPDATES

Box carriers struggling to improve schedule reliability

source lloydlsoadinglist.com

Container line schedule reliability remains at its lowest-yet level for the time of the year despite improving from its worst-ever figures during the first quarter of this year, according to analysis by SeaIntel. Read more here.

Partner carriers hit for $120m after disappointing first quarter for ONE

source: theloadstar.co.uk

Ocean Network Express (ONE) recorded losses of $120m in its inaugural trading quarter, its “clumsy” launch impacting its founder carriers.

Worst hit was K Line, with a 26.2% drop in its second-quarter revenue and an operating loss of ¥13.7bn ($123.4m). Read more here (login required).

Improving rates may provide some peak season comfort for east-west carriers

source: theloadstar.co.uk

Improving freight rates on the main east-west container tradelanes may offer some comfort to embattled ocean carriers reporting disappointing first-half results. Read more here (login required).

GROUND AND RAIL FREIGHT UPDATES

Uber shuts down self-driving truck program, leaving questions about Uber Freight’s future

source: freigthwaves.com

Truckers everywhere can rejoice. Uber’s self-driving trucks have been put out of service.

According to Eric Meyhofer, Head of Uber Advanced Technologies Group, “We’ve decided to stop development on our self-driving truck program and move forward exclusively with cars. Read more here.

Truck driver shortage could be solved by paying for all the work they do

source: forbes.com

How should drivers be paid. When it comes to long haul shipments, drivers are paid mainly based on the distance they travel. Should drivers be paid instead based on the hours a trip takes to complete? There are good arguments that can be made for this. Read more here.