Newsletter – June 3, 2019

  • Newsletter – June 3, 2019

    AIR FREIGHT UPDATES
    Trump trade tensions squeeze airline profits

    aircargonews.net
    Trade tensions between US and China are hitting global air cargo business, contributing to a fall in airline profits, warns IATA. Read more here. 


    OCEAN FREIGHT UPDATES
    After a lacklustre first quarter, the second three months could be even worse for container lines

    theloadstar.com
    With the second quarter now two-thirds done ocean carriers look to be heading for a second successive H1 loss, making a good peak season more essential than ever for the sustainability of the liner industry. Read more here. 


    China looks to restructure Pearl River Delta ports at Hong Kong’s expense

    shippingazette.com
    BEIJING is looking to restructure the three ports in the Pearl River Delta focusing on transshipment and imports into the mainland with Guangzhou concentrating on domestic cargo and Shenzhen on exports and imports. Read more here. 


    GROUND AND RAIL FREIGHT UPDATES
    CP and Yang Ming sign long-term agreement

    canadianshipper.com
    Calgary, AB — Canadian Pacific Railway and Yang Ming Marine Transport announced a three-year agreement to safely and efficiently connect Yang Ming customers with North America, via the Port of Vancouver. Read more here. 


    INTERNATIONAL BUSINESS GOVERNMENT UPDATES
    US begins collecting higher tariffs on Chinese goods arriving by sea

    reuters.com
    WASHINGTON (Reuters) – The United States began collecting higher, 25% tariffs on many Chinese goods arriving in U.S. seaports on Saturday morning in an intensification of the trade war between the world’s two largest economies and drawing retaliation from Beijing. Read more here. 


    US retailers under threat from Amazon move to free next-day shipping

    theloadstar.com
    Already burdened with escalating costs, retailers now face a desperate struggle to respond to Amazon’s move to next-day delivery for free shipping. Read more here. 


     

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