Newsletter – May 2, 2018
March airfreight prices up on 2017 levels
Average airfreight rates in March are down on February’s levels but continue to track ahead of last year’s figure for the month. Read more here.
OCEAN FREIGHT UPDATES
Good times still rolling for container lessors as carriers shy away from buying
Container lessors are enjoying a purple patch, as demand remains strong, driven by solid growth in global container trades and shipping lines opting to hire equipment rather than buy. Read more here (login required).
Boost to air freight from the re-stocking cycle has run its course
After a robust start to the year, the industry-wide FTK growth rate slowed to just 1.7% year-on-year in March, down from a robust 6.7% in February. (See Chart 1.) Read more here.
Newest generation of cranes arrive at APM Terminals Elizabeth
Four of the industry’s newest generation gantry cranes designed for today’s largest container ships arrived at APM Terminals Elizabeth on April 26, 2018. The arrival marks a milestone in a $200 million facility infrastructure investment that has readied The Port of New York and New Jersey for the world’s largest ships. Read more here.
GROUND AND RAIL UPDATES
CP Railway workers to vote on final offer May 14 to 23, union says
Laval, QC — A union representing some Canadian Pacific Railway Ltd. employees says workers will vote on the railway’s final offer later this month. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
The Trump Effect May Finally Be Weighing on China’s Exports
China’s exporters may be finding it harder to avoid the effect of trade disputes with the U.S., according to the freshest manufacturing purchasing managers index data. Read more here.