Newsletter – November 10, 2021
AIR FREIGHT UPDATES
Two Countries Now Dominate The Top 10 Airports
Airports Council International (ACI) has released its findings for the world’s top ten airports in 2020. Seven of the top ten airports are in China, while the remaining three are in the United States. Altogether, looking at total passenger traffic, there were some sizable shakeups in the list as the pandemic battered air travel and led to some of the lowest passenger volumes in recent history. Read more here.
ABC approved to transport lithium battery shipments over 35kgs
AirBridgeCargo Airlines (ABC) has obtained approval from the Civil Aviation Administration of China (CAAC) for commercial transportation of lithium batteries over 35 kgs which are commonly addressed as SP (special provision) A99.
The company has become the first airline to receive this type of approval in China after two years of preliminary works, testing and close collaboration with stakeholders. Read more here.
OCEAN FREIGHT UPDATES
Hapag-Lloyd Suspends Low-Water Surcharge for Montreal
Hapag-Lloyd announced yesterday that “St. Lawrence River water levels have now returned back to minimum levels required for safe navigation. We therefore would like to inform you that the current Low Water Surcharge will be suspended from November 8, 2021.”
Shipping’s extreme consolidation could prolong supply chain pain
U.S. policymakers have never been more focused on global container shipping than they are today. Yet the “steel” of this industry — the ships and the containers — is outside of U.S. control, consolidated into the hands of an extremely small circle of non-U.S. companies that continue to bolster their market shares. The big keep getting bigger. Read more here.
CANADA BUISINEESS – GOVERNMENT UPDATES
Big snowstorm to impact truckers in parts of Canada
A storm is projected to move from southwestern Canada and the U.S. Northwest, intensifying across the north-central U.S. and south-central Canada by mid-week. Because of ample cold air, precipitation will be primarily in the form of snow, with significant accumulations expected. In fact, this will be the first significant disruptive snow event this fall for parts of Canada.
Heavy snow is forecast from central Saskatchewan to southern Manitoba, as well as western and central portions of Ontario, Wednesday afternoon through Friday morning. Travel along the Trans-Canada Highway could be treacherous. Read more here.
INTERNATIONAL USINESS – GOVERNMENT UPDATES
Cybercriminals selling access to shipping, logistics firm networks, report warns
Cybercriminals have attempted to sell network access to multiple transportation, logistics and shipping companies in recent months, highlighting the risk of devastating ransomware attacks in the supply chain, a new report warns.
Intel 471, a cybercrime intelligence firm, observed seven instances since July of brokers advertising network credentials or other types of network access. The companies affected consist of a Japanese container shipping provider, a U.S. transportation management and software firm, a U.S. freight forwarder, a U.S. commodities transportation firm, and logistics providers in the U.K, Malaysia and Bangladesh. Read more here.
US regulators voice concern at Canadian takeover of Ports America
US regulators have voiced concern at a foreign entity taking over an American terminal operator.
Members of the Federal Maritime Commission (FMC) have written to the treasury secretary, Janet Yellen, urging her to intervene in the Canada Pension Plan Investment Board’s (CPP Investments) proposed 100% acquisition of Ports America, the largest terminal operator in North America. The FMC cited national security and domestic economy concerns in its argument to keep the Canadians away from the port firm. Read more here.
CEOs meet with Biden on supply chain challenges
President Joe Biden met Tuesday at the White House with CEOs of leading companies to discuss progress on combating congestion that is choking American supply chains and delaying delivery of products heading into the peak sales season for the holidays.
Walmart President and CEO Doug McMillon, UPS (NYSE: UPS) CEO Carol Tomé, FedEx Chairman and CEO Frederick Smith, and Target (NYSE: TGT) Chairman and CEO Brian Cornell discussed steps that the administration and private sector can take to further strengthen supply chains to unclog the freight transportation system and lower shipping prices, a White House official said on background to members of the press. Read more here.