Newsletter – November 14, 2019

  • Newsletter – November 14, 2019


    Exclusive: IATA faces legal backlash over ‘dangerous’ CASS irregularities
    IATA could face a serious backlash from CASS payments system participants – as well as financial supervisory authorities – over allegations of financial irregularities.
    IATA has been reported to German financial authority Bafin over potentially significant issues in its CASS system.   Read more here (login required).


    Hapag-Lloyd Q3 profits surge on higher freight rates
    Hapag-Lloyd (ETR: HLAG) posted significant third quarter earnings and revenue increases as it managed to nudge up freight rates.
    The container shipping giant, which operates a fleet of 231 container ships with total transport capacity of 1.7 million twenty-foot equivalent units (TEU), saw revenues climb 6.2% in the third quarter to 3,244 million euros ($3.57 billion). Read more here.


    New Jersey next to debate limits on trucking’s use of owner-operators
    New Jersey is the newest battleground for motor carriers that use owner-operators, as the state Senate takes up legislation aimed at limiting what workers can be considered independent contractors. Read more here.


    Commentary: Fighting food waste by mapping food supply chains
    This year, World Food Day fell on October 16. The United Nations’ Food and Agriculture Organization (FAO) released a new report about world hunger, based on data from 2016. In that report, the FAO says it is replacing its previous measures of food waste and food loss with two new indicators, the Food Loss Index, and the Food Waste Index. Read more here.

    Amazon bars use of USPS delivery service for some seller-fulfilled goods
    Merchants who sell their products on Inc.’s website (NASDAQ:AMZN) but manage the fulfillment and delivery of those goods cannot use the U.S. Postal Service’s (USPS) Priority Mail one- to three-day delivery service unless they purchase the postage from Amazon, according to several analysts with merchant clients that are subject to the edict. Read more here.

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