Newsletter – December 4, 2018
AIR FREIGHT UPDATES
Air freight returns to modest growth
After recording a year on year (YoY) drop in September, air cargo volumes in October showed a small YoY increase of 2% worldwide, along with higher prices month on month (MoM) and YoY, data from WorldACD reveals. Read more here.
OCEAN FREIGHT UPDATES
HMM expected to part ways with 2M Alliance
Hyundai Merchant Marine (HMM), Korea’s largest containers carrier, is considering joining a new ocean alliance when its ties with the 2M Alliance expire in April 2020, industry analysts say. Read more here. Hyundai Merchant Marine (HMM), Korea’s largest containers carrier, is considering joining a new ocean alliance when its ties with the 2M Alliance expire in April 2020, industry analysts say.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
GAC: Customs clearance times to be halved by 2021
The General Administration of Customs aims to cut average clearance times in half by the end of 2021, and implement more measures for speedier imports and exports, said an official on Friday. Read more here.
UK manufacturers stockpile goods ahead of Brexit
Manufacturers are stockpiling goods ahead of March’s Brexit date as the prospect of queues at Britain’s ports grows more likely. Read more here.
French freight sector counts cost of ‘gilet jaune’ disruptions
The ongoing protests in France against a proposed rise in fuel tax have so far inflicted operating losses of more than €400 million on the country’s road haulage and logistics firms, according to the main representative bodies in the sector. Read more here.