Newsletter – November 28, 2018
AIR FREIGHT UPDATES
Sales binges provide opportunities for airfreight
This past extended weekend’s numerous sales events appear to have been the biggest ever, if reports from retail giant Amazon are anything to go by.
The likes of Black Friday and Cyber Monday, which represent a spike in business for an e-tail giant such as Amazon, also represent significant opportunities for air cargo as customers seek their online purchases as quickly as possible. Read more here.
Forwarders and airlines eye tougher capacity negotiations for 2019
Forwarders and airlines are looking to start negotiations for services next year, and are figuring out how much capacity to book.
After record high demand – and prices – in 2017, forwarders were keen to lock-in capacity in advance this year, while airlines were equally keen to hold some space unblocked to capitalise on late-booked cargo when spot prices were high. Read more here.
OCEAN FREIGHT UPDATES
Hong Kong’s 2nd Largest Terminal Operator Adopts Blockchain to Document Logistics Data
Modern Terminals, the second largest container terminal operator in Hong Kong, has joined the TradeLens project, a blockchain-enabled technological solution developed by Maersk and IBM.
The TradeLens ecosystem – writes Modern Terminals in its press release – seeks to digitize and streamline processes in the global supply chain to deliver higher efficiency and lower cost. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Strong dollar masking tariff impact as US consumers carry on spending
B2C shipments are masking the impact of the China-US trade war as a strong dollar encourages American consumers to buy more overseas goods.
Chief executive of DHL Express US Greg Hewitt told The Loadstar the country’s booming currency had buoyed its consumers to spend more, generating more B2C volumes. Read more here.
As global spend on IT rockets, so will its disruptive impact on logistics, says report
Disruption to logistics from technology is only beginning – its impact will increase as more investment pours into the industry.
According to a new study produced jointly by American Global Logistics and Logistics Trends & Insights, global spend on logistics IT will rise to $87.8bn by 2022, up 17% from the outlay in 2017. Read more here.