Newsletter – July 18, 2019
AIR FREIGHT UPDATES
Boeing 737 MAX grounding continues – the latest on air cargo impactsfreightwaves.comAir cargo has seen its share of issues this year – softening traffic and yields, global economic growth slowdown concerns, trade wars and tariff threats adversely impacting business confidence, and economic indicators domestically pointing to a slowdown – plus the trucking industry is in what looks like a freight recession in the U.S. Read more here.
OCEAN FREIGHT UPDATES
Tropical Storm Danas may delay shipments at East Asia portsfreightwaves.comA tropical storm known internationally as Danas, but called Falcon in the Philippines, is spinning over the warm waters of the western Pacific Ocean. The storm could delay container freight at some ports in East Asia, while whipping up winds and dumping heavy amounts of rainfall. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Trudeau to push trade pact in EU leaders’ summit as France moves ahead on CETAcanadianshipper.comMontreal, QC — Lawmakers in France begin their ratification of the comprehensive trade agreement between the European Union and Canada as Prime Minister Justin Trudeau welcomes the leaders of the 28-country bloc to Montreal today. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Nike supplier quits Vietnam after quitting China – finding tariffs inescapableseanews.com.trNIKE sportswear supplier Eclat Textile of Taiwan quit China in 2016 having found it unsuitable for manufacturing, but now finds his new base in Vietnam equally bad because of the Sino-American trade war. Read more here.