Newsletter – June 4, 2019
AIR FREIGHT UPDATES
Commentary: Latin America was the bright spot in IATA’s April air cargo report
The International Air Transport Association (IATA) data for April continues to paint a dismal picture for the global air cargo market. Year-to-date volumes were down 4.7 percent while available capacity increased 2.6 percent. Read more here.
FAA taking more Boeing 737s out of service
Boeing has notified federal regulators that hundreds of 737s are vulnerable to in-flight damage due to faulty wing parts. Read more here.
British Airways Arrives In Pakistan After 10-Year Absence
British Airways has relaunched flights to Pakistan after a 10-year break as security concerns in the country ease. Read more here.
OCEAN FREIGHT UPDATES
Chinese goods navigate alternate trade routes to US shores
TOKYO/HANOI/SHANGHAI — Higher U.S. tariffs from the trade war with China are altering patterns of world trade as exporters use third countries to bypass the duties, data reveals. Read more here.
Halifax gets federal funds to boost port capacity, reduce truck traffic
The Canadian government will fund two projects to boost capacity at the Port of Halifax and reduce trucking traffic in the eastern Canadian city’s downtown. Read more here.
Port Report: Canada’s future port automation cause of union angst
Automation is once again a flashpoint at ports, with a major Canadian container terminal project becoming the latest instance of a stand-off between labor and management. Read more here.
18,000 teu container vessels were “a step too far”
Container lines may have overshot in terms of calculating the optimum size of vessels as they sought economies of scale, according to a new Long Read from The Loadstar. Read more here.