AIR FREIGHT UPDATES
Fears air freight rates may soar even higher as tech launches loom
Airfreight rates up as capacity comes under pressure
OCEAN FREIGHT UPDATES
Labour Update at the Port of Montreal – Notice #3
Latest developments in the ongoing labour dispute between the Maritime Employers Association (MEA) and the Longshoremen’s Union, local 375 (the Union):
As these may be subject to last minutes changes, we urge you to consult with the terminal operators prior to going to the port.
Update from Montreal Gateway Terminals: Not Accepting Exports Due to Labour Situation
ONE Q1 profit soars 3,000% on 2019, thanks to cheaper fuel and higher rates
Despite seeing liftings slump by about 20% on its Q1 of last year, to 2.67m teu, the merged carrier’s revenue declined by just 4.8% to $2.74bn, as freight rates spiked in response to tight capacity on the major east-west tradelanes. Read more here.
Slow steaming won’t necessarily cut emissions – so what will?
Rates to the US west coast hit records, leaving analysts puzzled
In the 10 years since the Shanghai Containerized Freight Index was launched rates to the US west coast have never been so strong, rising by $463 to hit $3,167 per feu over the past week. Rates to the US east coast from Asia are also strong at $3,495 per teu, but still a long way short of the records set during the US west coast labour dispute. Read more here.