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Newsletter – December 19, 2019
AIR FREIGHT UPDATES
IATA’s ‘ONE Record’ rushing through development, but is it worth it?
theloadstar.comIATA’s effort to create a standard for a single record of a shipment that can be used by all parties along the supply chain is going full throttle, according to the association’s head of digital cargo, Henk Mulder.The ONE Record initiative aims to take digitisation to the next level by creating a standard for data sharing. Read more here (login required).
Delta Cargo excited by new India service
aircargonews.netDelta Air Lines Cargo will target the pharma, automotive and perishables sectors on its new service between New York JFK and Mumbai. Read more here. Delta Air Lines Cargo will target the pharma, automotive and perishables sectors on its new service between New York JFK and Mumbai. Read more here.
Cathay cautiously optimistic about air cargo in 2020
lloydsloadinglist.comCathay Pacific today said it was cautiously optimistic about air cargo in 2020, after average load factors and yields further improved in November compared with the previous month, although tonnages were down, year on year. Read more here.
OCEAN FREIGHT UPDATES
Mixed fortunes for box ship owners as the year ends and a greener era looms
theloadstar.comThe containership charter market is ending 2019 on a mixed note, according to Alphaliner’s final analysis of the year.“Larger vessels of 5,500 teu and over continue to benefit from a tight supply environment with continuously firm charter rates,” said the consultant. Read more here (login required).
Cosco readies $1.8bn boxship order spree
splash247.comHaving just completed a huge newbuilding programme, which saw a swathe of ultra-large boxships join its fleet this year (pictured), Cosco Shipping is already in discussions for a record, bumper new round of orders that will rock the liner community, acutely concerned about the delicate global supply/demand balance. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Commentary: Is intermodal over as a growth story?
freightwaves.comSince its inception, intermodal was the railroads’ avenue for growth, but it hasn’t been growing lately.Intermodal was never one of the more profitable revenue segments for the railroads, but it was important to the industry because it provided an avenue for volume growth, enabling railroad volumes to move with, or occasionally exceed, GDP growth rates rather than underperform them. Read more here.
Stunning collapse as Daimler, BMW pull car-sharing service from North America
freightwaves.comDaimler and BMW are pulling their car-sharing service Share Now — formerly Car2Go — out of North America, the global automakers announced today (Dec. 18).In a joint statement, the companies said Share Now would shutter service on Feb. 29, 2020. Share Now currently operates in New York City; Montreal; Seattle; Vancouver, British Columbia. Read more here.