Newsletter – September 10, 2020
AIR FREIGHT UPDATES
IATA outlook: “Cargo is following a fairly typical recession recovery cycle”aircargonews.netCargo continues to be the bright spot for the aviation sector, IATA revealed in a conference today in which the association’s chief economist, Brian Pearce, gave a market update and outlined the role of air cargo during global economic expansion.Pearce explained: “Cargo volumes were hit much less than the passenger business. By July, we saw cargo tonne km (CTKs) just over 13% lower than a year earlier”. Read more here.
Airforwarders Association: Is the Forwarding Industry Ready for a Covid-19 Vaccine?aircargonews.netThroughout history the symbolic white horse has been an indication of hope, prosperity and good things to come. While the ongoing coronavirus pandemic is likely to continue into the foreseeable future, a successful, proven vaccine could be the white horse that brings it to an end. Read more here.
OCEAN FREIGHT UPDATES
Typhoons add to troubles for Asian ports already suffering congestiontheloadstar.comBack-to-back typhoons and surging shipping demand have meant lengthy vessel delays for ocean freight out of Asia.
According to Resilience360, Typhoon Haishen made landfall south-east of Gangneung in South Korea on 7 September, following Typhoon Maysak, which struck near the port of Busan on 3 September with winds of 100 mph. Read more here.
FIATA Container Surcharge Survey
Following concerns raised by various members, the International Federation of Freight Forwarders Associations (FIATA), through the expertise of its Working Group Sea Transport, is currently conducting a global review of container surcharges. The results of this review will enable FIATA to determine the unfair practices, if any, in each jurisdiction, for the purposes of understanding where it should focus its engagement on this crucial topic. To participate in FIATA’s survey, click here; the survey will close on Friday, September 25. Read more here.
Another giant fire breaks out at Beirut portsplash247.comAnother noxious fire has broken out at Beirut port. Splash understands a warehouse containing oil and tyres at Beirut port has burst into flames, sending vast plumes of black smoke into the sky, and causing considerable concern among the local population who are still coming to terms with last month’s giant explosion at the port, which killed more than 200 people and made 300,000 homeless. Read more here.
Port of LA gives The Signal to cargo stakeholdersfreightwaves.comThe Port of Los Angeles announced it is sharing Wabtec’s Port Optimizer data so all supply chain stakeholders can better plan for incoming cargo.“We’re giving all of our partners — railroads, chassis providers, truckers, warehouse operators and others in the supply chain — a three-week look at cargo coming into Los Angeles,” said Port of LA Executive Director Gene Seroka. Read more here.
GROUND AND RAIL FREIGHT UPDATES
US weekly intermodal volumes push higherfreightwaves.comWeekly U.S. intermodal volumes were up by nearly a quarter last week amid increased activity for domestic and international containers and trailers.U.S. freight railroads moved 287,339 intermodal containers and trailers for the week that ended Saturday, a 24.5% increase compared with the same period in 2019, according to the Association of American Railroads (AAR). Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Will there be bidding wars for warehouse labor?freightwaves.comIt is a near-certainty the 2020 peak holiday shipping cycle will break all records for volumes. The seasonal shopping frenzy will no doubt converge with elevated e-commerce traffic as shoppers concerned about COVID-19 continue to restrict their in-store buying. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Colombia Seeks to Lure Companies in China Decoupling Movebloomberg.comColombia is looking to take advantage of the Trump administration’s push to decouple from China.The Latin American nation is offering tax incentives and making it easier to invest, as it seeks to attract companies from Asia to Europe and even from the region that are looking to relocate or expand. Read more here.