Newsletter – September 15, 2020
AIR FREIGHT UPDATES
IATA Launches Platform to Improve Visibility on Air Cargo Infrastructure and Capabilities
Geneva – The International Air Transport Association (IATA) has launched IATA ONE Source, an online platform which helps the air cargo industry match shipping needs with the availability of infrastructure capabilities and certifications of service providers across the value chain. Read more here.
OCEAN FREIGHT UPDATES
Maersk first to cancel GRI and cut transpacific rates as China wades intheloadstar.comMaersk has reportedly reduced its planned mid-September transpacific GRIs, thought to be due to China’s move to step in to reduce freight rates on the trade.Last week, Zest Shipping Media reported that Chinese authorities planned to interfere in pricing and capacity management on the transpacific as rates soared to record highs. Read more here.
3PLs frustrated by ocean service contracted rate upheavalfreightwaves.comFor many U.S. freight forwarders and consolidators moving freight during the coronavirus pandemic, it is as if the container-shipping rates of their initially contracted transport arrangements with the ocean carriers are no longer valid. Read more here.
MSC’s secondhand splurge continuessplash247.comMediterranean Shipping Co (MSC) is busy scouring the market for secondhand tonnage.Brokers Braemar ACM link the Aponte family controlled liner with the acquisition for $10.5m of the 20-year-old, 5,456 teu, German-built SM Tacoma. Read more here.
More ports closing ahead of Hurricane Sally (with forecast video)freightwaves.comHurricane Sally continues to wander through the northern Gulf of Mexico, trudging toward the U.S. Gulf Coast.Conditions will gradually deteriorate Tuesday prior to landfall Tuesday night/early Wednesday. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Track Disruption near Hope, BC – Updatecn.caWe would like to update you on the status of tracks that were affected by a service disruption as a result of a derailment affecting our mainline near Hope, BC.We continue to work diligently at cleaning up the derailment site in order to reopen our tracks. At this time, we expect the track to be passable on Wednesday, September 16th at approximately 16:00 PST. We will continue to reroute traffic and therefore our customers should expect delays until normal operations are restored. Thank for your patience and support.We will continue to update you as the situation evolves. Please reach out to your Customer Service Representative regarding any questions you may have.