Newsletter – February 13, 2019
AIR FREIGHT UPDATES
Forwarders slow to get on board screening program
The Airforwarders Association has found that direct participation by smaller forwarders in the Air Cargo Advanced Screening program remains minimal. Read more here.
Commentary: Stop flying backward on U.S. air imports
U.S. freight forwarders are frustrated by the lack of details from the airlines about their arrived imports, let alone the payment terms and conditions.
OCEAN FREIGHT UPDATES
Worsening LA-LB port congestion delays recovery until March
CONGESTION at the Los Angeles-Long Beach port complex is worsening, having bled into intermodal rail operations and drayage to regional warehouses, pushing back expectations for relief to no sooner than March. Read more here.
The Perils of Congestion: New Surcharges Add to Port of Montreal Woes
Closely following an announcement February 5 that Maersk will introduce a Congestion Fee Destination (CFD) for all cargo discharging at Montreal, CA, effective February 8 for non-regulated countries and March 6 for regulated countries, CIFFA received a February 8th notice originating from OOCL that as of February 15, 2019, a Port Congestion Surcharge (PCS) will apply for all westbound containers (Dry & Reefer) destined to or via the port of Montreal. Read more here.
HMM ends 2018 $720m in the red, but has high hopes for new ships and alliances
Subsidised South Korean ocean carrier Hyundai Merchant Marine (HMM) continued to bleed money in the final quarter of 2018, to end the year some Won808bn ($720m) in the red. Read more here.