Newsletter – October 16, 2019
AIR FREIGHT UPDATES
Hyderabad Airport launches “first of its kind” cargo charter programmeaircargonews.netGMR Hyderabad Airport Cargo has launched a “first of its kind” cargo charter programme that offers enhanced services for its members as it continues to target the market. Read more here.
OCEAN FREIGHT UPDATES
Blockchain To Be A Gamechanger For Global Shippingforbes.comThe souls that operate maritime shipping operations have been described as “Optimists of the First Degree” as the level of global trade is impacted by Trumps China tariffs and the gloomy forecasts for global economic growth resonate. Read more here.
Ports need to be sharing technology and data for smoother operationstheloadstar.comPort authorities need to “step up” and work together to improve data sharing for the benefit of the whole container supply chain, delegates at the TPM Asia conference in Shenzhen were told. Read more here (login required)
GROUND AND RAIL FREIGHT UPDATES
Regulations prompt freight rail sector to address cybersecurityfreightwaves.com
As freight railroads move to digitize their processes, rail companies are also looking into safeguarding their systems against hacking and other malicious attempts to disrupt freight rail operations. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
IMF downgrades outlook for world economy; 2019 estimate for Canada unchangedcanadianshipper.comWashington, DC — The International Monetary Fund is further downgrading its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis primarily because of widening global conflicts. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Tokyo freight infrastructure stands up to the wrath of Super Typhoon Hagibisfreightwaves.comAlthough Super Typhoon Hagibis has caused catastrophic floods, mudslides and at least 68 tragic deaths in Japan, FreightWaves understands from local sources that Tokyo’s critical freight infrastructure – seaports and airports – are undamaged. Japan’s wider logistics network is suffering from a miscellany of damage such as flooding. Read more here.
China says postal fees to rise after US complaintcanadianshipper.comBeijing — Fees paid by China to the United States and other countries to deliver packages will nearly triple through 2025 under an agreement by the global postal union following complaints by Washington, the Chinese post office said Tuesday. Read more here.