Newsletter – June 20, 2022
AIR FREIGHT UPDATES
US Transportation Secretary Urges Airline CEOs To Improve Following Mass Cancellations
The United States Secretary of Transportation, Pete Buttigieg, met with airline industry executives on Thursday following significant flight disruptions in the US. The meeting comes as carriers struggle to meet demand as pressure to meet staffing requirements and severe weather have contributed to considerable passenger disruptions. Read more here.
Airline CEOs Fly In As IATA 2022 Kicks Off In Doha
The International Air Transport Association (IATA) is holding its two-day annual general meeting in Doha, Qatar, on Monday and Tuesday. The in-person event attracts the movers and shakers of the airline world who’ll have plenty to talk about in the wake of COVID-19. IATA’s Director General Willie Walsh is hosting the event, and other prominent faces will include the boss of the hometown airline, Akbar Al Baker. Read more here.
Which Regions Have Exceeded Pre-Pandemic Flight Activity?
The recovery of the aviation industry is well underway, but for the majority of the world, flights are still operating at a lower capacity than they were pre-pandemic. However, that’s not the case for everywhere. Four regions have seen capacity increase beyond levels last seen in 2019, according to the latest frequency and capacity statistics released by OAG. Let’s take a look at the regions. Read more here.
Etihad eyes deal to take on AirBridgeCargo aircraft and staff under new entity
Secret talks are under way to save AirBridgeCargo’s fleet and staff via a deal with Etihad Cargo.
The pair are said to be looking at ways to transfer the 747 fleet to Etihad’s AOC and set up a new entity for the aircraft, with remaining crew and staff moved to Abu Dhabi and European operations relaunched. Read more here (login required).
OCEAN FREIGHT UPDATES
China congestion easing after projected cargo boom fails to materialise
China’s port congestion is easing as Shanghai’s post-lockdown cargo boom fails to materialise, and the city’s container supply chain recovery seems unaffected by a sudden lurch back to lockdown last weekend. Read more here (login required).
DP World to build massive Saudi logistics park
Terminal operator DP World and the Saudi Ports Authority (Mawani) have announced the signing of a 30-year agreement with an investment value of more than SAR500m ($133.33m) to build a logistics park at the Jeddah Islamic Port. Read more here.
MSC revamps transpac network and adds services to US east coast
As ocean carriers adjust to the coastal shift of cargo from the US west coast to the east, MSC said it was “revamping” its transpacific network with next month’s launch of its Zephyr Asia-US Gulf service.
The independent service is further evidence of MSC’s growth aspirations across global trades, particularly where it sees a gap opening in the market. Read more here.
GROUND AND RAIL FREIGHT UPDATES
US shippers face another round of re-evaluating their trucking strategy
For the first time in over a year spot rates in the US trucking market have dropped below the level of contract prices, according to transport management and logistics provider Transplace, acquired by Uber Freight last year. Read more here (login required).