Newsletter – July 15, 2019
AIR FREIGHT UPDATES
When Will Canada Jetlines Launch Flights?simpleflying.comIt has been a long and winding road for Canada Jetlines. On paper, the airline has been around since 2006. It has proved proficient at garnering media attention and making exciting announcements – often prematurely. Read more here.
Korean Air Cargo suspends transport and cargo handling services at three hubstheloadstar.comKorean Air, which saw first-quarter cargo revenue fall 7.6% year on year, is to suspend its services at cargo terminals in three cities.In a bid to improve its financial position, the carrier said it would stop transport and cargo handling services at Gwangju, Cheongju and Daegu on October 1. Read more here.
OCEAN FREIGHT UPDATES
Port Report: Shipping lines, ports pledge support to blockchain groupfreightwaves.comFour of the largest shipping lines and five ports operators committed to support a blockchain development platform for the shipping industry. Read more here.
Warning over end-to-end container shipping integrationlloydsloadingist.com
Moves by container shipping carriers and terminal operators to extend their scope to a wider supply chain is a risky business, says Drewry’s managing director Tim Power. Read more here.
Hapag-Lloyd and ONE expand services for Africa market with new launchtheloadstar.comTHE Alliance members Hapag-Lloyd and Ocean Network Express (ONE) have continued the strategy of extending a joint offering into secondary trades, today announcing the launch of a service connecting India, the Middle East and Africa. Read more here (login required).
GROUND AND RAIL FREIGHT UPDATES
French hauliers consult on roadblock protestslloydsloadinglist.comFrench road haulage firms have not ruled out blocking roads in the coming weeks as they mull staging industrial action in protest against a government move to reduce tax breaks on diesel fuel granted to the sector. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
China economy reports lowest GDP growth on record for second quarter as US trade war bitesscmp.comHere is first-hand proof that there are no winners in a trade war. While China’s trade deficit with the US may have expanded despite the introduction of tariffs earlier year, its economy is beginning to hurt. Read more here.