Newsletter – July 4, 2018
AIR FREIGHT UPDATES
Air freight volume and rate growth slows
Average worldwide air cargo yields dropped to US$1.88 in May, 3% below their level in April 2018, but still 14% higher than in May 2017, new figures from WorldACD reveal. Read more here.
Nippon Cargo Airlines set to take off again, one aircraft at a time
Nippon Cargo Airlines is to resume operations, with one aircraft, tomorrow.
The first service since the carrier grounded all its aircraft last month will fly from Narita to Shanghai. Read more here (login required)
Ryanair’s Irish Pilots Vote To Strike
Irish pilots’ union IALPA has given Ryanair notice of a strike this month after a ballot of its members voted overwhelmingly to approve industrial action. Read more here.
OCEAN FREIGHT UPDATES
Maersk starts shorter transit Mumbai-Montreal all-water express
MAERSK Line has started its own weekly all-water service from Mumbai to Montreal – the MMX – calling at ports in the India, the Mideast, Pakistan and Canada.
Transit times for Jebel Ali have improved by 10 days to a 33-day transit and Mumbai’s Jawaharlal Nehru has improved by seven days to a 31-day transit.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
How we see the future of retail delivery – and what this means for logistics
Consumer attitudes are changing, consumer shopping behaviours are changing and technology is changing. And they’re all about to come together to change the face of retail delivery as we know it. Read more here.
Singapore-Chongqing logistics hub under Chongqing Connectivity Initiative takes shape
CHONGQING – In about three years, a logistics hub jointly developed by Singapore and Chongqing companies will be up and running, managing operations across road, rail and river in the upper reaches of China’s famous Yangtze River. Read more here.
China’s weakening factory data indicates second half slowdown
CHINA’s Purchase Managers’ Index (PMI) figures for June fell 0.4 from 51.9 the previous month, prompting fears of a slowdown in the second half, Reuters reported.
The data, published by the National Bureau of Statistics, came in just shy of the 51.6 consensus given by a Reuters poll but is still well above the neutral 50 benchmark, which indicates that activity is still expanding in the sector.
The drop was broad-based, with the numbers for production, new orders, exports and imports all falling month-on-month.