Newsletter – January 6, 2020
AIR FREIGHT UPDATES
Cargo airports fly with e-commerceaircargonews.netMontreal’s Mirabel airport is gearing up for some infrastructure improvements.Canada’s federal government and the local airport authority have pledged to contribute altogether C$107m ($81.24m) to the project, which will go towards the construction of a 20,000 sq m cargo terminal, new parking positions for 13 freighters and improvements in road access to the airport. Read more here.
WestJet Boeing 737 Slides Off Runway At Halifax Airportsimpleflying.com
Flight WS248 was flying into Halifax amid snowy and icy conditions on Sunday. The plucky Boeing 737-800 was pushing north from Toronto on a two-hour journey. Read more here.
OCEAN FREIGHT UPDATES
Outlook 2020: Top questions for ocean shippingfreightwaves.comOcean shipping begins the year with unusually high optimism in the crude-tanker sector and very strong sentiment in the product-tanker and liquefied petroleum gas (LPG) segments. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Canadian Pacific wraps up Central Maine & Quebec Railway acquisitionseanews.com.trCANADIAN Pacific (CP) has closed the transaction related to the acquisition of the Central Maine & Quebec Railway (CMQ). The acquisition of CMQ in the US still requires Surface Transportation Board approval. Read more here.
How does weather impact supply chains?freightwaves.comMajor weather events such as hurricanes, blizzards, and historic flooding can produce immediate volatility as well as lasting effects on supply chains, depending on where they hit. Besides the obvious results of every day/short-term weather – possible shutdowns of local/ regional supply chains and potential closures of roads, businesses and government offices – intense and long-term weather events have a bigger effect on supply, demand and freight rates. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Common reasons overseas shipping gets held up around the holidaysfreightwaves.comIt’s all about convenience, and shipping companies know it. Consumers want stuff – and they want it now. Two years ago, Amazon shipped more than five billion items through its Prime program, which includes free same-day, one-day or two-day shipping. Read more here.
Cost of noncompliance with US trade regulations risesfreightwaves.comThe U.S. Commerce Department has increased the penalty amounts for violations involving export control regulations in line with inflation and “to maintain their deterrent effect.” Read more here.