Newsletter – June 13, 2018

  • Newsletter – June 13, 2018

    AIR FREIGHT UPDATES

    US imposes new security measures on incoming cargo shipments
    source: canadianshipper.com
    U.S. authorities are requiring airlines to give them more notice about certain types of cargo that officials believe may pose a security risk.
    The new measure took effect Tuesday.

    OCEAN FREIGHT UPDATES

    Containers fall off Cosco boxship at Tianjin Port
    source: splash247.com
    Five containers fell off 10,000 TEU containership CSCL Spring during unloadign at TIanjin Port Pacific International Container Terminal yesterday.  Read more here. 
    Terminals best look to mergers to avoid losses: Drewry
    source: seanews.com
    THE best solution for terminal operators is merger to avoid coming losses driven by softening demand, higher costs and a squeeze on rates from the formation of larger more powerful shipping alliances, according to London’s Drewry Maritime Research.  Read more here.THE best solution for terminal operators is merger to avoid coming losses driven by softening demand, higher costs and a squeeze on rates from the formation of larger more powerful shipping alliances, according to London’s Drewry Maritime Research.

    GROUND AND RAIL FREIGHT UPDATES

    Angry Chinese truckers in mass strike as fuel costs overtake haulage fees
    source: theloadstar.co.uk
    Rising fuel prices and strikes have hit China’s truck market.
    Truckers across the country have staged mass protests and refused to work over the weekend.  Read more here (login required).
    Accelerating driver turnover ups truck labour costs
    source: seanews.com
    THE driver turnover rate at large truckload carriers rose in the first quarter with less-than-truckload carriers suffering a two-point increase to 10 per cent in the first quarter year on year.
    At smaller truckload carriers, the turnover rate sunk to 73 per cent, but was still seven points higher year on year, reported the American Journal of Transportation. Read more here. 

    Bombardier JV To Build $4.9 Bln LAX People Mover
    source: news.airwise.com
    Bombardier and its consortium partners have been awarded a USD$4.9 billion contract to build and operate an automated people mover (APM) system at Los Angeles Airport.  Read more here.

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