Newsletter – July 18, 2018
AIR FREIGHT UPDATES
Delta and Korean deepen air cargo cooperation
Delta Air Lines Cargo and Korean Air Cargo are deepening their level of air cargo cooperation on the back of a wider joint venture between their respective parent airlines, which was launched last year after gaining anti-trust agreement to cooperate more closely commercially. Read more here.
OCEAN FREIGHT UPDATES
Trade war sparks more capacity cuts on transpacific container trades
Container shipping lines on the transpacific trade this week continued to announce capacity cuts in response to the US-China trade war.
Following last week’s news that both the 2M and The Alliance groupings would suspend a service each this summer, the latter announced this week it would also withdraw its PSW4 loop at the end of August. Read more here.
CargoSmart teams with Oracle for blockchain
OOCL’s container software arm, CargoSmart, has developed a blockchain solution for shipment documentation.
In a release today, CArgoSmart said it has created a “digital baseline for trusted shipment documentation management” across the shipping and logistics industry. Read more here.
GROUND AND RAIL FREIGHT UPDATES
No danger after freight train derailment near Quebec Ontario border
Saint-Polycarpe, QC. — Quebec’s public security minister offered assurances Tuesday that nothing leaked into a nearby river after a Canadian Pacific freight train derailment just east of the Ontario border. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Textile industry shattered by China trade embraces Trump crusade
While there’s no shortage of doom and gloom coming from corporate America about President Donald Trump’s trade war with China, there is at least one U.S. industry cheering him on: textiles. Read more here.