Newsletter – October 27, 2020
AIR FREIGHT UPDATES
TIACA calls for an end to ‘misleading’ weight-based load factor
TIACA is calling for the air cargo industry to adopt the dynamic load factor developed by CLIVE Data Services over the “misleading” traditional weight-based system.
The dynamic load factor methodology measures how full an aircraft is by considering both freight volume and weight, rather than just weight, as aircraft often reach their maximum volume before they reach their maximum weight. Read more here.
OCEAN FREIGHT UPDATES
Mounting evidence that container spike could last into 2021freightwaves.comBullish news on container shipping keeps pouring in, implying demand strength through February 2021 — if not longer.
The latest green light comes from container-equipment lessor Triton International (NYSE: TRTN). Triton, the largest player in its sector, reported Q3 2020 results Friday and described Q4 2020 demand for equipment as “exceptionally strong.” Read more here.
GROUND AND RAIL FREIGHT UPDATES
US trucking will remain volatile into 2021, but rates may have peakedtheloadstar.comUS shippers will continue to face a challenging trucking market for much of the coming year, but at least the relentless rise in pricing should come to an end.After a steady rise through the summer, the US trucking sector actually showed mild declines in volume, tender rejections and spot rates in the first two weeks of October. However, this respite is not likely to last, according to industry executives speaking at the Transplace Shipper Symposium in the US last week. Read more here.
Row erupts over post-Brexit border delaysaircargonews.netUK hauliers have been warned to expect delays of up to two days and queues of up to 7,000 trucks in Kent as the UK transition from the European Union kicks in.In a letter, the UK government said that under its reasonable worst case scenario for the first couple of months of the year, two-day delays could be expected in January if hauliers do not prepare for post-Brexit border operations on cross channel services. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Companies warn disclosure motion could deter PPE productioninsidelogistics.caOTTAWA – Canadian companies that answered the government’s call to produce ventilators and other desperately needed equipment during the COVID-19 pandemic say they’re worried opposition MPs are now demanding disclosure of the contracts they signed with Ottawa.
And they’re warning they’ll be less likely to step up in the future if they can’t trust the government to keep sensitive business information confidential. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
E-commerce explodes into holiday shipping seasonfreightwaves.comPeak season e-commerce sales, turbocharged by an accelerated shift to online buying as consumers shy away from crowded stores during a pandemic, are expected to hit all-time highs this year, putting additional pressure on express delivery networks.Retail and logistics analysts say the unprecedented level of digital commerce has pulled forward 10 years of expected growth in the span of six months. Read more here.