Newsletter – November 29, 2017
AIR FREIGHT UPDATES
Is the future of aviation electric?
Siemens, Rolls Royce and Airbus are to collaborate on a project to deliver a Bae146-sized hybrid electric plane by 2020. Read more here.
Two Europe-Asia cargo airline tie-ups were announced today, indicating that the trend towards greater carrier cooperation continues.
Jet Airways Cargo and Air France-KLM Cargo have signed an MoU to deepen their partnership, after successful cooperation on the passenger side led to a tripling of the combined cargo handled. Read more here (login required).
Aeromexico Pilot Strike Causes Flight Cancellations
Aeroméxico cancelled 51 flights on Tuesday as some pilots at the airline’s regional carrier Connect went on strike in protest at a colleague’s dismissal. Read more here.
OCEAN FREIGHT UPDATES
Cosco Overhauls Maerks Into Top Spot in Container Liftings
Cosco’s all out assault to become the world’s top containerline is yielding results. Analysts at Alphaliner report that Cosco, aided by the misfortune of a Danish rival, became the largest container carrier for the first time during the third quarter in terms of container liftings. Read more here.
Box lines post best results in 30 months
Higher demand saw container lines post markedly improved third-quarter (Q3) earnings, according to analysis by Alphaliner, although falling rates were expected to weigh down the earnings performance of carriers in the fourth quarter. Read more here.
FMC Commissioner William Doyle steps down without explanation
WITHOUT explanation US Federal Maritime Commissioner (FMC) William P. Doyle, a sworn Democrat, is stepping down from the regulatory body in January, leaving the commission open to a presidential appointment of a Republican replacement. Read more here.
GROUND AND RAIL UPDATES
CP reorganizes sales and marketing unit, adds to leadership team
Calgary, AB — Canadian Pacific announced that it has strengthened its Sales and Marketing team with the addition of two new vice-presidents and reorganized the group’s structure to better leverage its best-in-class service to meet the needs of current and future customers. Read more here.
US retailers victims of organised crime and cargo theft: NRF
SIXTY-SEVEN per cent of US retailers have reported an increase in retail crime in the past year with losses averaging US$726,351 per $1 billion in sales, up from $700,259 in 2016, according to the National Retail Federation’s (NRF) organised retail crime report. Read more here.