Newsletter – August 30, 2019

  • Newsletter – August 30, 2019


    AIR FREIGHT UPDATES

    Amazon to invest in Canadian freighter operator Cargojet
    aircargonews.net
    E-commerce giant Amazon will invest in a third freighter operator as it takes a stake in Canada’s Cargojet.
    The two have been working together over recent years with Cargojet providing overnight air cargo services and charter flights. Read more here.

    OCEAN FREIGHT UPDATES

    Carrier results demonstrate benefits of consolidation
    lloydsloadinglist.com
    Carriers have managed to increase revenues and volumes, despite slowing growth and external pressures. Consolidation has made it easier for them to manage capacity. Read more here.

    Irish port prepares for Brexit by boosting customs facilities
    seanews.com.tr
    THE Port of Cork in Ireland has doubled the size of its customs facilities to reduce processing times at the border in the event the UK leaves the EU without a deal.  Read more here.

    Carriers ditch constant chase for market share in a quest for profits
    theloadstar.com
    Zim’s return to the black in Q2, the carrier’s first net profit since Q317, confirms a trend of container lines giving up their chase for market share in favour of profitability, according to analyst Lars Jensen.  Read more here.


    GROUND AND AIR FREIGHT UPDATES

    US trucking casualties mount as driver shortage and rising costs bite
    theloadstar.com
    The US trucking market has claimed two casualties inside 24 hours.
    On Tuesday, HVH Transportation, a mid-sized firm with 344 tractor units and 324 drivers on its payroll, abruptly ceased operations. Read more here (login required).


    INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

    Logistics sector prepares for Hurricane Dorian and the aftermath
    freightwaves.com
    It’s business as usual for transportation providers and freight hubs serving the Southeast market, but as Hurricane Dorian approaches they are quickly implementing contingency plans for safety and post-storm recovery. Read more here.

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