Newsletter – December 8, 2017
AIR FREIGHT UPDATES
Toronto Pearson reveals new routes for summer 2018
Canada’s Toronto Pearson International Airport has confirmed that the summer 2018 schedule through the gateway will see the addition of a number of new long-haul routes. Read more here.
Air freight congestion and high rates continue
Technology-driven freight forwarder Flexport says it expects air freight rates to remain high amid strong demand through December driven by e-commerce and general economic growth – along with delays or backlogs at several key European and US airports. Read more here.
Shippers hit out at the ‘paper chase’ of too complex air cargo supply chains
Fewer than a quarter of shippers are “very happy” with the air cargo supply chain – there are continuing demands for less complexity and paper.
In an IATA shippers poll, just 22% said they were “very happy”, and while overall the industry scored a 7/10, 85% of respondents called for more collaboration. Read more here (login required).
Melbourne Port Blockade Forces Ships to Reroute
A 10 day workers dispute at the POrt of Melbourne ratcheted up today with around 1,000 workers marching and blockading the Cictoria International Container Terminal (VICT). Read more here.
GROUND AND RAIL FREIGHT UPDATES
Port of Vancouver lowers access charges for smaller trucking companies
Vancouver, BC — The Port of Vancouver announced that effective January 1, 2018, the amount the port authority charges container trucking companies that are authorized to operate within the port will be changed to benefit smaller companies. Read more here.
Cargo community seeks technology solution for Heathrow truck queue problems
Recent truck congestion at London Heathrow’s Cargo Terminal underscores the pressing need for a universal advance information system that will alert handling agents to arriving vehicles, and speed up their processing. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Bitcoin’s role in logistics
Yesterday saw a single bitcoin sell for as much as $20,000. The cryptocurrency is certainly at a watershed moment – and some suggest a bubble is ready to burst. But just as its price increases, so too does consideration of its relevance for the logistics sector. Logistics Trends and Insights shares the views of managing director of UPS Strategic Enterprise Fund Rimas Kapeskas, with further illumination from Maritime Executive, to discuss just what – if any – the future holds… Read more here (login required).
Former Hanjin Shipping Boss Jailed for Insider Trading
Choi Eun-youn, 55, the former chairwoman of now defunct Hanjin Shipping was handed an 18 month jail sentence by a court in Seoul today, convicted of insider trading. Read more here.
Average size of newly built US warehouses swells due to e-commerce
THE average size of new US warehouses has increased 143 per cent to 184,693 square feet with their average height rising by 3.7 feet to 32.3 feet.
“This dramatic expansion of warehouse size and height in the US is almost purely a product of e-commerce,” said David Egan, researcher at commercial real estate giant CBRE (CB Richard Ellis). Read more here.