Newsletter – November 19, 2018
AIR FREIGHT UPDATES
Air freight will benefit as China-US trade war tariffs force manufacturing moves
The failure of the US and China to agree on trade at the weekend makes further tariffs on Chinese goods to the US seem increasingly likely.
But while most economists agree that trade wars are ineffective and harmful, some players in the logistics industry are seeing opportunities – mostly in air freight, which typically benefits from chaos and change. Read more here.
We’re not replacing forwarders, says AF-KLM as it unveils online booking platform
The digitisation of freight booking will not relegate forwarders to history, claimed Air France-KLM, as it launched an online booking tool last week
The carrier unveiled its application programme interface (API), part of a three-year process to overhaul the carriers’ legacy systems, some of which have been in use since the 1980s. Read more here.
OCEAN FREIGHT UPDATES
Shippers ‘need not fear container shipping alliances’
Shippers should not fear container shipping alliances, according to container shipping analyst Drewry, which believes operational coordination among box lines has aided competition during a period of market concentration – a process likely to accelerate without the consortia block exemption that is coming under review in Europe. Read more here.
ZIM’s Q3 Total revenue stood at $840.7 million in Q3 2018, the highest in the last 4 years, reflecting an increase of 4.7%
compared to $803.2 million in Q2 2018
The container shipping industry is dynamic and volatile and has been marked in recent years by instability, as a result of continued deterioration of market environment. Furthermore, the shipping liner industry went through major developments and structural changes which include reshaping of the alliances and M&A activities that took place over the last quarters. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Postal workers’ union makes counter-offer
There is no end in sight for rotating strikes hitting Canada Post deliveries, after the postal workers’ union rejected the corporation’s contract offer and countered with its own proposal.
The Canadian Union of Postal Workers released a list of demands on Saturday in response to the company’s offer presented Nov. 14 and set to expire in three days. Read more here.