Newsletter – June 5, 2019
AIR FREIGHT UPDATES
Air Canada Cargo to offer drone-delivery services
Air Canada Cargo will offer drone-based services thanks to a new agreement with Drone Delivery Canada (TSXV: FLT), a Toronto-based startup that makes autonomous cargo aircraft and a proprietary flight platform. Read more here.
Air Canada ‘finalising’ binding agreement on Transat deal
Air Canada has confirmed that it is “in the process of finalising its binding agreement” to acquire Transat AT Inc, owner of Canadian carrier Air Transat. Read more here.
OCEAN FREIGHT UPDATES
CMA CGM to rationalise services as cost-cutting target increased
CMA CGM is to double down on efforts to rationalise its services and reduce its cost base as it seeks to adapt to a changing market. Read more here.
APL files with FMC to buy slots on Hapag-Lloyd’s US flag transatlantic service
After last week revealing that CMA CGM-owned container carrier APL was to concentrate on the transpacific and intra-Asia trades, it appeared it is now set to make a partial return to the transatlantic market. Read more here.
Hapag-Lloyd launches remote reefer monitoring system
Hapag-Lloyd has become the latest container carrier to outfit its fleet of reefer containers with real-time monitoring technology. Read more here.
GROUND AND RAIL FREIGHT UPDATES
LTL Outlook: How to Manage Today’s Rising Rates
Please refer to the infographic.
Michelin unveils airless tire prototype at Movin’On Summit mobility event
Michelin rolled out its new high-tech airless tire for passenger vehicles at the kick off of the Movin’On Summit for sustainable mobility on June 4 in Montreal. Read more here.