Newsletter – September 11, 2019
AIR FREIGHT UPDATES
Solving the jigsaw puzzle of filling aircraft with freightfreightwaves.comAccording to the International Air Transport Association (IATA), it has only been in the last nine years that the airline industry has emerged to produce regular but inconsistent profits. Read more here.
OCEAN FREIGHTS UPDATES
Cosco appoints new presidentsplash247.com
China Cosco Shipping Group has announced the appointment of Fu Gangfeng as its new president, the second-in-command role at the group.Previously, Fu was the president of China Merchants Group since February 2018. Read more here.
OCEAN GROUND FREIGHTS UPDATES
The Truck Driver Shortage Is Fake Newsforbes.com
Since 2005 the American Trucking Associations (ATA) has been releasing reports on the driver shortage. The ATA is the largest national trade association for U.S. truck carriers. Most recently the ATA estimated that the trucking industry ended 2018 with a shortage of more than 60,000 truck drivers. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
US retailers continue to scramble to bring goods in to beat new tariffstheloadstar.com
US container import volumes continued to surge over the summer, ahead of more tariff hikes on consumer goods.New data released yesterday by Global Port Tracker shows “imports at the nation’s major retail container ports reached unusually high numbers just before new tariffs on goods from China took effect 1 September, and are expected to surge again before another round of tariffs takes effect in December”. Read more here (login required).
Amazon container order another move toward ‘dominating US logistics’theloadstar.comAmazon last week took delivery of the first 48 containers of its order for 250 53ft boxes, as it ramps up its domestic US network.JOC revealed that the internet retailer had placed the order for intermodal containers as another step towards its goal of becoming a large network transport company. Read more here (login required).