Newsletter – December 6, 2019
AIR FREIGHT UPDATES
Is airfreight killing time?freightwaves.comThe underlying operating model of airfreight is broken and needs fixing if customers are to receive the premium service they pay for. That was the stark message heard by air cargo stakeholders attending an executive summit hosted by TIACA (The International Air Cargo Association) in Budapest at the end of last month. Read more here.
New data confirms persistent decline in airfreight businessfreightwaves.comThere is more confirmation this week that the airfreight business is continuing its yearlong loss in altitude. The news comes at a time when traffic normally picks up as retailers race to get goods to stores for the holiday season. Read more here.
OCEAN FREIGHT UPDATES
Canada Infrastructure Bank funding Montreal terminalfreightwaves.comThe Canada Infrastructure Bank (CIB) said it will provide up to $300 million to finance a new container terminal the Montreal Port Authority plans to open downriver in Contrecoeur.CIB is a crown corporation, or government-owned lender, that says it “uses financial instruments including loans, equity, and where appropriate, loan guarantees to deliver federal support to projects to make them commercially viable.” Read more here.
Ocean carriers’ online carbon calculators are ‘useless’, says reporttheloadstar.comOcean carriers have been stung by a SeaIntelligence report which brands their online CO2 calculators as “useless” and “pointless”.The Copenhagen research firm claimed they were “riddled with absurdly poor data”, citing, among other things, inconsistent sailing distances being quoted by different carriers for the same ship. Read more here (login required).
CANADA BUSINESS – GOVERNMENT UPDATES
EDC breaks down the Top 10 risks facing Canadian exportersedc.caExport Development Canada is releasing its list of the Top 10 Global Risks facing Canada to help exporters prepare for an international environment fraught with uncertainty. Read more here.
Canada’s trade balance improves; surplus with U.S. hits 10-year highbnnbloomberg.caCanada’s trade deficit unexpectedly narrowed as exports rose faster than imports, reinforcing the Bank of Canada’s view that the domestic economy remains resilient amid global tensions. Read more here (login required).