Newsletter – June 19, 2018
AIR FREIGHT UPDATESAir freight could benefit from a rush to beat US-China tariff deadlinesource: theloadstar.co.ukA rush to beat the tariffs imposed by the US and China in the latest trade spat could spark a change in freight movements and rates.Over the weekend, China retaliated against the US imposition of 25% tariffs on $34bn of Chinese goods, by targeting the same value of imports. Read more here (login required).Europe’s crowded skies face capacity crunchsource: aircargonews.netEurope’s crowded skies face “serious capacity challenges” according to a new report by Eurocontrol, the organisation for the safety of air navigation in Europe.The Challenges of Growth study finds that without urgent action, the network will be unable to cope with the demand for flights predicted by 2040. Read more here.
OCEAN FREIGHT UPDATESMaersk rings the changes, operating capacity dips for the first time this decasesource: splash247.comHeeding the words of its group CEO, Maersk Line, the worlds’ largest containerline, is making sweeping changes to its service netowrk in a bid to drive profitability at a difficult time for the Danish carrier. Read more here.
GROUND AND RAIL FREIGHT UPDATESAngry Chinese truckers in mass strike as fuel costs overtake haulage feessource: theloadstar.co.ukRising fuel prices and strikes have hit China’s truck market.Truckers across the country have staged mass protests and refused to work over the weekend.
They claim transport fees are no longer sustainable in the face of rising fuel costs. Read more here (login required).
CANADA BUSINESS – GOVERNMENT UPDATESDamage at Snell Lock Causes Delays in St. Lawrence Seawaysource: CIFFAJust after 2:30 am yesterday, a ship struck a ship arrestor at the Snell Lock, on the American side of the river. The damage was repaired and operations resumed at 6:50 pm last night. Seven vessels were delayed by the incident.