Newsletter – March 17, 2023
AIR FREIGHT UPDATES
Strikes Continue To Cancel Flights At 4 German Airports
Yet another strike in Germany has impacted four airports – Düsseldorf, Cologne/Bonn, Stuttgart and Baden-Baden – less than a week after the last walkout. Hundreds of flights have been canceled on short notice as security and ground handling workers strike on Friday. Read more here.
Why Boeing And Airbus Have No Competition
When you step onto an aircraft about to embark on a flight with a commercial airline today, in any part of the world, chances are it will either be a Boeing or Airbus jet. Earlier players in the commercial jet manufacturing arena have bowed out, and left standing are two aerospace giants that seem so unshakable in their duopoly it is easy to forget things were ever different. Or indeed, to imagine that it could be any way else in the future. Read more here.
OCEAN FREIGHT UPDATES
Wan Hai Fined by U.S. Federal Maritime Commission
Taiwan’s Wan Hai Lines has become the latest carrier to feel the wrath of the U.S. Federal Maritime Commission (FMC), copping a $950,000 fine as well as agreeing to refund charges in a detention and demurrage case that dates back to 2021.
Wan Hai invoiced a customer at least 21 times in the spring of 2021 for detention charges when the carrier “either offered no return locations, the designated terminal was not accepting the containers’ chassis, or appointments were unavailable for the subject containers,” according to the FMC’s order of investigation and hearing. Read more here.
Box lull sees change in global container flows
The lull in box volumes is resulting in falling congestion and also in changes in container flows as reflected in the Container xChange Container Availability Index.
The index, which measures the proportion of weekly import to export flows at ports around the world, shows that the share of imports from the total volumes handled at the ports of Los Angeles and Long Beach, America’s two largest gateways, has fallen 10% compared to last year. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Businesses expect slower sales in short term as cost, labour issues persist: survey
OTTAWA – Businesses expect subdued sales in the short term as they face continued cost and labour pressures, despite slowing inflation, according to a survey by the Canadian Chamber of Commerce.
The chamber’s Business Data Lab released the results of its first-quarter poll on business conditions on Thursday, which found one-third of companies expect to raise prices next quarter. Read more here.