Newsletter – December 23, 2019
AIR FREIGHT UPDATES
Air cargo 2020: a combination of luck and strategy to sort the best from the resttheloadstar.com2019 is not going to go down in history as a year anyone in air freight will particularly want to remember.It started with some optimism – IATA forecasting 3.7% growth; although after a flat November 2018, it did acknowledge that “downside risks are mounting”. Read more here (login required).
OCEAN FREIGHT UPDATES
FMC order denies container carrier service contract filing exemptionfreightwaves.comThe U.S. Federal Maritime Commission in a Dec. 20 order said it will proceed with a proposed rule to exempt ocean container carriers from an essential terms publication requirement in the Shipping Act. Read more here.
GROUND AND RAIL FREIGHT UPDATES
2019 closing on a strong note for trucking, but will it last?freightwaves.comThe 2019 freight market was a shadow of 2018 in terms of capacity. Spot rates hit all-time highs as carriers rejected over 25% of their contracted freight requests in June of last year. Read more here.
New freight truck transportation restrictions to take effect in Mexico on January 1freightwaves.com
The Mexican city of Guadalajara was the first to pass a measure in November prohibiting cargo transportation from entering the metropolitan area from Monday through Sunday, between 6 a.m.-9 a.m., starting Jan. 1. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Spike in holiday returns highlights waste, inefficiency in reverse logisticsfreightwaves.comAmericans will return up to $41.6 billion in online holiday merchandise this year, according to a forecast from real estate services giant CBRE Services Inc. (NYSE:CBRE) and technology firm Optoro. Read more here.