Newsletter – August 24, 2020
AIR FREIGHT UPDATES
May Turned Out To Have The Lowest Number Of Flights In US Historysimpleflying.comMay turned out to be a pretty bad month for airlines. The US Department of Transportation (DOT) released statistics for airline operations in May. The most shocking monthly statistic indicated that US airlines operated an all-time monthly low since the DOT has been tracking data for monthly flights. May beat out April, which beat out the previous low back in 1994. Read more here.
OCEAN FREIGHT UPDATES
Longshoremen return to work at the Port of Montreal as negotiations continuectvnews.caMONTREAL — Longshore workers at the Port of Montreal are headed back to work today, after a truce declared in a labour dispute allowed activities to resume after a 12-day strike.The two sides announced on Friday that they’d reached a deal putting the labour action, which left thousands of containers untouched on the docks, on hold.The deal lays out a seven-month period where talks will continue without a threat of work stoppage. Read more here.
Congestion and hefty price increases hit intermodal west coast traffictheloadstar.comUnion Pacific (UP) has done it again: for the third time in a month the rail operator has raised charges for traffic moving inland from southern California.Yesterday, surcharges on excess contract cargo rose to $3,500 per container, and spot rates out of Los Angeles are up $1,500. Read more here.
Is DP World building a shipping line?splash247.comThe news of DP World buying over Shreyas Shipping and Transworld Feeders is now behind us with the recent announcement of the deal. This follows the acquisitions by DP World in the last two or three years with Unifeeder, Feedertech and Unico Logistics, a Korean NVOCC. There are some interesting possibilities which emerge from these acquisitions. Read more here.
Port restrictions set ahead of dual land-falling hurricanesfreightwaves.comHurricane Marco and Tropical Storm Laura (likely becoming a hurricane) will hit the U.S. Gulf Coast over the next few days. Sunday morning, the U.S. Coast Guard set restrictions on vessel movement and cargo operations at the port of Key West, Florida. They added the Port of New Orleans (Port NOLA) to the list around noon. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Truckers seek $1.8B from ocean carriers for alleged chassis overchargesfreightwaves.comThe American trucking industry has filed a cease-and-desist request with the U.S. Federal Maritime Commission (FMC) over what it says are ocean container carriers distorting the cost of chassis usage.The American Trucking Associations’ Intermodal Motor Carriers Conference (IMCC) filed the complaint against the Ocean Carrier Equipment Management Association (OCEMA) and 10 of its ocean carrier members with the FMC on Monday.The complaint also calls for the OCEMA and members to pay the trucking industry damages of up to $1.8 billion to resolve overcharges for chassis use. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
US suspends shipping tax exemptions with Hong Kongsplash247.comThe US government has announced that it has suspended three bilateral agreements with Hong Kong, including shipping tax exemptions, as diplomatic tensions between the US and China continue to escalate.The US State Department said the moves are in response to China imposing strict national security laws over the former British territory. Read more here.