Newsletter – February 5, 2020
AIR FREIGHT UPDATES
Cathay Pacific Asks Entire Workforce To Take 3 Weeks Unpaid Leavesimplelfying.comCathay Pacific is asking all of its employees to take three weeks of unpaid leave. The move reveals how hard a perfect storm of external factors is buffeting the Hong Kong based airline. Read more here.
BREAKING: United Airlines pulls plug on Hong Kong servicefreightwaves.comUnited Airlines (NASDAQ: UAL) is the first major international airline to stop service to Hong Kong because of the coronavirus outbreak in China.The carrier announced Tuesday afternoon that it is suspending flights to Hong Kong beginning Feb. 8. Read more here.
Coronavirus uncertainty trumps opportunity for air cargo carriersfreightwaves.comPassenger airlines are extending flight blackouts to China as the death toll and confirmed infections from the flu-like coronavirus continue to rise. The reduction in passenger flights means there is less capacity for cargo, but how, and when, that might translate into more business for pure freighter operators remains unclear. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Montreal Port Authority President and Chief Executive Officer Sylvie Vachon will retire in 2020 after a 30-year careernewswire.caMONTREAL, Jan. 30, 2020 /CNW Telbec/ – Today, the Montreal Port Authority (MPA) announced that Sylvie Vachon has decided to retire in 2020 after 30 years of service, including 11 years as President and Chief Executive Officer (CEO) of the MPA.“I make this decision with a sense that I, together with my team, have contributed to a major shift and implemented structuring projects for both the Port of Montreal and our economy,” said Sylvie Vachon. “Our extensive container terminal project in Contrecoeur, which reached important milestones in 2019, will take other key steps in 2020 to carry out the project. I believe the time is right for someone else to take the helm and chart the next course in the long history of the Port, whose future is more than promising,” said Ms. Vachon. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
New platform meets shipping industries’ first track-and-trace standardsfreightwaves.comINTTRA by E2open on Tuesday announced a new technology platform, compliant with the new Digital Container Shipping Association (DCSA) Interface Standard for Track and Trace 1.0, published last week by the DCSA. The platform sets a new standard in the shipping industry, setting the bar for technology companies and shipping lines alike to standardize the fundamental information provided across the carrier liner domain through technology-agnostic interfaces. Read more here.
Dynamic load factor metric lowers carbon footprints of airlines and shipperslloydsloadinglist.comMeasuring an aircraft’s load factor by volume and weight rather than by weight alone will see many shippers cut their carbon footprint by a significant amount – one of several benefits from using of the ‘dynamic load factor’ metric developed by Netherlands-based CLIVE Data Services. Read more here.