Newsletter – March 7, 2019
AIR FREIGHT UPDATES
Air cargo demand at three year low in January
Air cargo suffered its worst January in three years as the industry continues to face “significant headwinds”. Read more here.
Delta Cargo reports customer shift to digital booking
Delta Cargo has noted a “significant shift” in the number of online bookings since it launched its new website in 2017. Read more here.
OCEAN FREIGHT UPDATES
K Line braces for dire results, initiates sweeping reforms
K Line has once again been forced to make changes to financial forecasts, warning today that its net loss for the financial year ending on March 31 will be five times worse than originally forecast, set to hit Y100bn ($895m). Read more here.
GROUND AND RAIL FREIGHT UPDATES
Truck chaos at Calais and French Eurotunnel terminal
Road freight firms operating from mainland Europe to the UK via the port of Calais and Eurotunnel are likely to face further disruption today due to sporadic, work-to-rule industrial action by French customs officers that started earlier this week and which has led to severe traffic congestion. Read more here.
INTERNATIONAL BUSINESS GOVERNMENT UPDATES
Logistics industry executives worry about trade tensions, geopolitical threats
Logistics industry executives see emerging markets growing at 5% in 2019, but a high number are bracing for a crisis amid US-China trade friction, interest rate and currency volatility, and Brexit uncertainty. Read more here.