Newsletter – July 17, 2019
AIR FREIGHT UPDATES
Emirates Can’t Fly Direct To Mexico City Due To High Altitude Of Airportsimpleflying.comEmirates has today announced a new route set to serve Mexico City. However, due to the airport’s altitude, the Middle Eastern carrier must stop en route. As such, the route is due to be operated as a fifth freedom flight via Barcelona. Read more here.
OCEAN FREIGHT UPDATES
BAF calculator may help ease uncertainty over looming IMO 2020 fuel ruletheloadstar.comWith the deadline looming for the new IMO regulations reducing vessel sulphur dioxide emissions, new research suggests that fuel costs for shippers on the Asia-Europe trades could rise as much as 50%. Read more here.
MSC forks out $50m to get cocaine-bust ship trading againsplash247.comThe MSC Gayane is sailing towards the Netherlands after its operator forked out $50m to free the boxship a month after US authorities found $1.3bn of cocaine onboard. Read more here.
GROUND AND RAIL FREIGHT UPDATES
CP Rail rakes in record second quarter revenue as traffic increasescanadianshipper.comMontreal, QC — Canadian Pacific Railway Ltd. announced record second-quarter revenues of nearly $2 billion Tuesday, driven by grain, international container traffic and energy, chemicals and plastics to beat analysts’ expectations. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Canadian forwarders prepare to go paperlessamericanshipper.comCanadian freight forwarders are working with the Canada Border Services Agency (CBSA) to test the processes for the Canadian government’s new paperless export reporting system, which is scheduled to become the only way to file this information by June 1, 2020. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Effects of U.S.-China Trade War: ‘The Proof’s In The Ports’forbes.comU.S. trade with the world is up a sliver this year, 0.47%, down from a slice just a couple months ago.According to the latest U.S. Census Bureau data, five of the nation’s top 10 ports — five are seaports (with as asterisk), three airports and two border crossings — are showing trade increases, five are showing decreases. Read more here.
Amazon logistics staff launch strikes in several countrieslloydsloadinglist.comThousands of Amazon warehouse staff in several countries in Europe and in the US have staged strikes and protests over pay and working conditions to coincide with the start of the e-commerce giant’s Prime Day sales – its busiest shopping event of the year. Read more here.