Newsletter – July 3, 2018
AIR FREIGHT UPDATES
Latest air freight data reveals growth in American markets – ‘but at a price’
WorldACD has published another set of data, asking whether the pessimism over the air cargo market, which has seen growth slow, is realistic. Read more here.
Airbus Assumes Control Of Bombardier CSeries
Airbus and Bombardier have confirmed the closing of the CSeries transaction, giving Airbus majority control of the Canada-based aircraft series. Read more here.
OCEAN FREIGHT UPDATES
Future of container shipping industry is uncertain: study
THE outlook for container shipping over the next 25 years is extremely uncertain, according to a study published by insurer T T Club and consulting firm McKinsey. Read more here.
Felixstowe disruptions continue
Freight forwarders and container lines are continuing to report ongoing disruptions to operations at the Port of Felixstowe resulting from the upgrade of the leading UK container port’s Terminal Operating System (TOS) last month. Read more here.
US port says tariffs dispute will hit shipping volumes
Tariffs on US imports of Chinese goods imposed by President Donald Trump could hit up to 15% of goods moving through the Port of Los Angeles, the port’s executive director Gene Seroka has said. Read more here.
Transpacific capacity outstrips demand, pulling down freight rates
SHIPPING lines are failing to control capacity in spite of the 2M alliance’s removal of one of its transpacific loops, according to Alphaliner. Read more here.
GROUND AND RAIL FREIGHT UPDATES
IBEW Ratifies Three-Year Agreement with CP
Canadian Pacific Railway Limited and System Council No. 11 of the International Brotherhood of Electrical Workers (IBEW) announced on Friday they have ratified a new three-year agreement.
“We are pleased to announce that the Memorandum of Settlement (MOS) has been accepted with a 78% ratification vote by our members,” said Steve Martin, Senior General Chairman for System Council No.11 of the IBEW. “The hard work begins now; with CP’s commitment, we will move forward together to implement the new provisions of the MOS.”