Newsletter – July 28, 2020
AIR FREIGHT UPDATES
Airfreight rates expected to shoot up by Septemberfreightwaves.comStability in the airfreight market may be short-lived, with outbound China rates rising this month and big high-tech product launches poised to soak up cargo aircraft in several weeks. That could pinch some shippers that currently view air transport as a refuge from unreliable and expensive ocean shipping, freight transportation specialists say. Read more here.
OCEAN FREIGHT UPDATES
Hapag-Lloyd latest carrier to offer service with no rollover promisestheloadstar.comHapag-Lloyd is the latest carrier to announce a shipment guarantee premium product, which it claims will “increase supply chain efficiency” for customers.Loaded as Booked is the fourth part of the carrier’s rollout of 10 quality promises through to the end of next year. Read more here.
Tension in Montreal as union condemns use of ‘scab’ labourcontainer-news.comTrade union officers have condemned the use of ‘scab’ labour to move cargo in Montreal following a reported 99% vote in support of strike action.Employer’s representatives have said that one of the terminal operators at Montreal Port used “management staff to make things secure”. Read more here.
Maersk to charge fee starting in September for shippers manually booking, amending documentssupplychaindive.comDive Brief:Maersk will charge a fee to shippers who handle booking or documentation amendments manually (through email, fax, phone or chat) beginning Sept. 1 for the United States and Canada, the carrier told customers in an advisory last week, according to a copy provided to Supply Chain Dive. Read more here.
OOCL second-quarter revenues up, volumes downfreightwaves.comOrient Overseas Container Line (OOCL) said that although second-quarter volumes were down 4.6% year-over-year, total revenues increased 1.1%.OOCL’s parent company, Orient Overseas (International) Ltd. (OOIL), covered the second quarter of 2020 in a one-paragraph overview dated Friday. Read more here.