Newsletter – July 16, 2019
AIR FREIGHT UPDATES
Pakistani Airspace Reopens After Almost 5 Monthssimpleflying.comPakistan has reopened it’s airspace to all air traffic for the first time in six months, after a flare-up in tensions with rival India back in February. Read more here.
The Boeing 737 MAX Might Remain Grounded Until 2020simpleflying.comAccording to the latest reports, the Boeing 737 MAX could remain grounded for the remainder of the year, possibly until 2020. The Boeing 737 MAX was grounded four months ago following two fatal accidents. Read more here.
British Airways to be fined US$230 million for failing to stop cyber hackseanews.com.trBRITAIN plans to fine British Airways (BA) GBP183.4 million pounds (US$230 million) over computer attacks that exposed customer data, marking the first major application of far-reaching European Union rules requiring companies to tighten anti-hacking measures. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Available supply of U.S. industrial property ticks up for first time since end of 2010, CBRE saysfreightwaves.comThe available supply of U.S. industrial and logistics real estate increased during the first half of 2019, marking the first time in eight and a half years that available domestic industrial space has risen, according to a report published July 15 by real estate services giant CBRE (NYSE:CBRE). Read more here.
Logistics firms ‘avoiding advanced technology until tech basics are right’lloydsloadinglist.com
Logistics companies are hesitant to take advantage of the latest technologies like blockchain, robotics and augmented reality because of a lack of budget and suitable employees, a new joint report by the Chartered Institute of Logistics and Transport (CILT) and Statista finds today. Read more here.
US imports from China fall 12%lloydsloadinglist.comThe San Pedro Bay ports of Los Angeles and Long Beach showed mixed throughput results for containerised traffic in June.The Port of Los Angeles moved 764,777 teu, its busiest June in its 112-year history. The month marked the end of fiscal year 2018-19, with the port moving 9.7m teu, compared with 5.7% in the previous year, it said in a statement. Read more here.