Newsletter – January 31, 2019
AIR FREIGHT UPDATES
Airbus Personal Data Accessed During Cyber Attack
Airbus has suffered a cyber attack on its commercial aircraft business information systems, with some employee details accessed. Read more here.
OCEAN FREIGHT UPDATES
ONE carriers continue to haemorrhage money in Q3, but try to stay buoyant
The Japanese carriers that make up Ocean Network Express (ONE) are optimistic they have turned a corner with the network, despite reporting a third quarter in which they continued to haemorrhage money. Read more here.
ILWU blasts plan to automate in LA, but APMT says union agreed
THE International Longshore and Warehouse Union (ILWU) is protesting the introduction of automation at APM Terminals (APMT) Pier 400 in the Port of Los Angeles as ‘not good for labour and not good for America’. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Perfect storm driving up UK haulage costs
Shippers are continuing to face surging costs for inland haulage in the UK as a lack of capacity and port delays drive up costs, and with Brexit also forecast to intensify the shortage of drivers and other logistics staff. Read more here.
INTERNATIONAL BUSINESS GOVERNMENT UPDATES
Chinese export growth decline will ‘stabilize’ as 2019 progresses
The economic slowdown in China may bode ill for freight, but according to one analyst, exports will “stabilize” in the second half of 2019. Read more here.