Newsletter – August 7, 2020
AIR FREIGHT UPDATES
Air cargo continues ‘gradual but consistent recovery’lloydsloadinglist.comGlobal air cargo volumes continued to show a ‘gradual but consistent’ month-on-month recovery in July, increasing by 8% over June, according to the latest air cargo market analysis by CLIVE Data Services.The growth in chargeable weight last month – normalised for the fact that July has one more day than June – also helped to further narrow the year-on-year decline in international freight volumes. Read more here.
Air Canada on course with cargo flights, but more cost-cutting on the cardstheloadstar.comRetreating yields are not putting a dent in Air Canada’s (AC) cargo flight operation.The Canadian carrier is set to maintain about 100 cargo flights a week, although it is unlikely to repeat its historical feat of the second quarter, which saw cargo revenue outpace turnover in its passenger business. Read more here.
OCEAN FREIGHT UPDATES
Hapag-Lloyd diverts 3,800-TEU ship from Montreal dock strifeseanews.com.trGERMAN shipping giant Hapag-Lloyd rerouted one of their ships as the Port of Montreal longshoremen’s union continues to threaten to disrupt port operations, reportsThe 3,800-TEU Detroit Express has been diverted to Saint John, New Brunswick, and is expected to arrive on August 8. Meanwhile, the 4,402-TEU Toronto Express is maintaining its call to Montreal on August 5. Read more here.
Template Letter Available to Register Your Company’s Support of Government Intervention in Port of Montreal Negotiationsciff.comThe Maritime Employers Association has created a template letter that you can modify to send to several key government officials to express your company’s support of intervention in the strike negotiations.If you choose to use the letter, it would be helpful to the MEA to know; they are keeping a log of supporters to boost their efforts. Please send a quick note to email@example.com to let CIFFA know you’ve registered your support; we’ll pass on that information to the MEA.Another way you could support the call for action by government is through the website of the Canadian Chamber of Commerce. Click here to sign the Chamber’s statement.
Container spot rates continue to climblloydsloadinglist.comContainer spot rates have continued to climb over the last week as lines successfully implement price increases even as they add more capacity.The composite index of the World Container Index increased 3.2% this week and is now up 40.7% up when compared with same period of 2019, according to the latest assessment by Drewry. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Canada’s Porter Airlines Extends Flight Suspensions To Octobersimpleflying.comOne of Canada’s niche carriers, Porter Airlines, has announced it is extending its service suspension until October 7th. This is the fourth delay to the airline’s restart target. Porter Airlines has suspended its operations since March 21st. Read more here.
Canada to retaliate ‘dollar for dollar’ after U.S. slaps 10% tariff on aluminumcbc.caOttawa will impose retaliatory tariffs on U.S. goods in response to President Donald Trump’s decision to restore a 10 per cent tariff on Canadian aluminum imports.Prime Minister Justin Trudeau and Deputy Prime Minister Chrystia Freeland announced the measures Thursday evening hours after Trump said he would impose the tariffs during a campaign speech at a Whirlpool factory in Ohio, citing national security concerns. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
United States Lifts Warning Against Foreign Travelsimpleflying.comThe United States Government has lifted its level four do not travel advice. The advice has been in force since March. But on Thursday, the US State Department said it was returning to country-specific travel advice. They say this is because the COVID-19 situation is getting better in some countries and worse in others. Read more here.
Lead times longer, sourcing patterns in disarray due to COVID-19 volatilityfreightwaves.comThe COVID-19 pandemic has upended global supply chains, as logistics stakeholders struggle with sourcing amid rising and waning infection trends across countries. The volatility with supply and demand has inevitably hit lead times, as suppliers struggle to source raw materials during shutdowns and trade wars. Read more here.
Fashion industry says purchase order cancellations will endure in Q3 and beyondsupplychaindive.comDive Brief:A full 100% of fashion industry executives reported postponing or canceling apparel sourcing orders this year due to the pandemic, according to a survey of leaders from 25 fashion retailers, importers and wholesalers conducted for the United States Fashion Industry Association’s 2020 Fashion Industry Benchmarking Study. Read more here.