Newsletter – October 25, 2018

AIR FREIGHT UPDATES

Cathay Pacific Data Breach Affects 9.4 Million

news.airwise.com

Cathay Pacific Airways has suffered a serious data breach with passenger information of up to 9.4 million people accessed. Read more here.

OCEAN FREIGHT UPDATES

Bugs – could be the biggest issue in container shipping since VGM

theloadstar.co.uk

The Global Shippers’ Forum (GSF) has warned that the “biggest issue since VGM [container weighing]” is on the cards.

This week GSF met with the International Plant Protection Convention (IPPC) in Arizona. Read more here.

GROUND & RAIL FREIGHT UPDATES

US trucking market shows signs of cooling

lloydsloadinglist.com

There are signs that the US trucking market is starting to cool off this month following a summer of rising rates and capacity shortages, after freight movements stalled due to Hurricane Michael resulting in lower load-to-truck ratios – the lowest they have been all year. Read more here.

First truckload shipment using blockchain completed

canadianshipper.com

Sunrise, FL — dexFreight, a decentralized logistics platform, today announced it has completed its first blockchain-based shipment using smart contracts. The platform, which envisions an ecosystem of open source protocols, blockchain, and machine learning technologies, allowed the shipper and carrier to directly connect, negotiate rates, and schedule pickup and delivery. Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

US-China trade spat has yet to bite into air cargo demand in Asia

seanews.com.tr

AIR freight demand in Asia is being spurred by robust growth in e-commerce with the likes of China’s Alibaba Group and rival JD.com, as well as others such as Japan’s Rakuten Inc, sponsor of Spanish football giants FC Barcelona, driving demand. Read more here.