Newsletter – January 14, 2020
AIR FREIGHT UPDATES
FAA eases ban on parts of Middle East airspace for cargo-carrierstheloadstar.comThe US Federal Aviation Administration (FAA) has eased rules on US carriers flying in some airspace in the Middle East.The move follows a slew of requests by cargo carriers, including Atlas Air, Kalitta Air and FedEx, for exemptions to the notice last week prohibiting US flights in overwater airspace above the Persian Gulf and Gulf of Oman, but allowing flights in and out of specific airports in Bahrain, the UAE and Muscat. Read more here (login required).
OCEAN FREIGHT UPDATES
Panama Canal adds fees as climate change pinches shipsfreightwaves.comThe Panama Canal will require container ships and other vessels to pay new fees due to what it calls “historic” low water levels on the country’s largest lakes.The new fees are the latest evidence about how will climate change impact shipping costs. It will also likely alter the cost calculus of ocean shipping from Asia to the U.S. West Coast or East Coast. Read more here.
Overcapacity will continue to dog container shipping in 2020freightwaves.comThe shipping research and consulting firm Drewry says supply is expected to continue to outstrip demand in the container shipping industry but that carriers are “battle-hardened to cope with yet another challenging and unpredictable year.” Read more here.
GROUND AND RAIL FREIGHT UPDATES
Snowstorms this week to cause more trouble for Northwest truckers (with forecast video)freightwaves.comIt’s winter, so disruptive weather is practically a way of life for many truckers across the U.S. This week, a few regions – namely the Northwest, Midwest and Northeast – will be the targets of storms that may result in periods of minor to moderate delays of freight movement on interstates. Carriers, shippers and brokers should plan ahead to get the most bang for their bucks. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
The U.S.-China trade deal is bad for Canada – and we can’t do a thing about ittheglobeandmail.comIt is the burden of smallish countries such as Canada that they’re forever at the mercy of larger powers.Take the “Phase 1” trade deal slated to be signed this week in Washington by the United States and China, the world’s two largest economies. Read more here.
FMC adjusts container shipping violation penaltiesfreightwaves.comThe U.S. Federal Maritime Commission (FMC) has raised its civil penalty amounts for violations of the Shipping Act and other maritime laws that the agency enforces, effective Wednesday.The FMC, as required by the 2015 Federal Civil Penalties Inflation Adjustment Act Improvements Act, must adjust its maximum civil penalty amounts on an annual basis to reflect inflation. Read more here.