Newsletter – February 1, 2019
AIR FREIGHT UPDATES
IATA likely to downgrade 2019 air freight forecast
The International Air Transport Association (IATA) seems set to downgrade its 2019 air freight forecast after world trade figures and air freight traffic figures for the final quarter (Q4) of 2018 have indicated little or no growth, and that its 3.7% growth forecast for 2019 now looks “optimistic”. Read more here.
December ends air cargo’s year with steadily decreasing growth
A weak end-of-year left air cargo with negative year-on-year growth and negative yields growth in December, according to the latest data from WorldACD. Read more here.
Boeing’s Flying Taxi Completes First Flight
Boeing has successfully completed the first test flight of its autonomous passenger air vehicle, as part of the company’s development of flying car urban transport. Read more here.
OCEAN FREIGHT UPDATES
Maersk makes its own Brexit
With the UK’s exit from the EU due in less than two months, Maersk, Europe’s largest shipping line, is making its own Brexit. Read more here.
Big carriers to use scrubbers, small fry use blends to meet IMO rule
IN readiness to comply with the International Maritime Organisation’s upcoming 0.5 per cent sulphur cap in marine fuel, large shipowners are said to be holding regular talks with large refiners to have first dibs on fuel types and availability to ensure their bunkering arrangements are in place ahead of the January 2020 implementation date for the new IMO rule. Read more here.
ILWU blasts plan to automate Los Angeles terminal
A plan by the Maersk subsidiary APM Terminals (APMT) to “test and ultimately accommodate” automated equipment at Pier 400 in the Port of Los Angeles is getting pushback from the International Longshore and Warehouse Union (ILWU). Read more here.
CANADA BUSINESS GOVERNMENT UPDATES
CEO: Canada inclined to wait on U.S. before OK’ing USMCA
Canada will probably wait to see how the U.S. congressional consideration process for the U.S.-Mexico-Canada (USMCA) materializes before moving the pact ahead in its parliament,Canadian Chamber of Commerce CEO Perrin Beatty said Tuesday. Read more here.