Newsletter – July 23, 2018
AIR FREIGHT UPDATES
Leisure Cargo joins cargo.one portal
Virtual airline Leisure Cargo is the latest airfreight provider to begin offering its services through online portal cargo.one.
The tie-up means that forwarders will now be able to make digital booking of Leisure Cargo’s global freight capacity based on live spot rates and receive immediate confirmation. Read more here.
Customers turn away, believing Etihad plans to cut its freighter fleet to just four
Etihad is to reduce its freighter fleet to four aircraft in the build-up to the winter peak, leaving forwarders concerned over the carrier’s ability to meet commitments.
Rumours have been circulating that the Abu Dhabi-based airline would axe freighter services altogether. Read more here (login required).
OCEAN FREIGHT UPDATES
Space tight on ocean freight services ex-Asia
Ocean freight spot prices may soften slightly this week on the transpacific following several weeks of rises, but they remain stable on key European trades, where forwarders say capacity has tightened in recent weeks, while space on the transpacific remains tight. Read more here.
‘Overcapacity not trade wars to blame for falling demand on Asia-US east coast’
Oversupply of shipping capacity rather than trade wars caused the recent rationalisation in transpacific and Asia-US east coast container services, with US tariffs on Chinese goods largely hitting non-containerised goods, so far. Read more here (login required) .
GROUND AND RAIL FREIGHT UPDATES
Premiers announce agreement in principle on flow of alcohol across borders and action on truck weight restrictions
st. Andrews, NB — Canada’s premiers have agreed in principle to reduce trade barriers regarding the transportation of alcohol across provincial and territorial borders, although they have not released details around personal limits or on when the move will be made. Read more here.