Newsletter – May 31, 2018

AIR FREIGHT UPDATES

Air Canada Cargo Launches Daily Service from Montreal to Tokyo
source: CIFFA
Beginning tomorrow, Air Canada Cargo offers a new daily service from Montreal to Tokyo-Narita, on a Boeing 787-8 Dreamliner.

New tech allows pet owners to monitor animals during flights
source: aircargonews.net
Unisys Corporation has launched a new monitoring device, Digi-Pet, that provides pet owners with the opportunity for pet owners to monitor and even talk to animals while they are in the cargo hold of an aircraft. Read more here.

Air freight demand still firing – AAPA
source: lloydsloadinglist.com
Air freight demand is growing at an “encouraging pace” so far this year driven by further expansion of the global service and manufacturing sectors, according to the Association of Asia Pacific Airlines.  Read more here.

OCEAN FREIGHT UPDATES

Vietnam to restrict containerised waste imports due to congestion
source: lloydsloadinglist.com
Vietnam is to temporarily stop accepting scrap plastic imports and restrict paper waste imports from mid-June because the country’s Tan Cang-Cai Mep International Terminal and Tan Cang-Cat Lai Terminal (Cat Lai) have become overwhelmed with scrap imports since China introduced its own restrictions this year. Read more here.

New liner fuel charges set to bump up shipper costs from tomorrow
source: lloydsloadinglist.com
New Emergency Bunker Surcharges to be applied by lines from tomorrow will hit some shippers far harder than others, according to one analyst.  Read more here.

GROUND AND RAIL FREIGHT UPDATES

TCRC-T&E and CP Reach Tentative, Four-Year Agreement, Ending Strike
source: CIFFA
Canadian Pacific Railway and the Teamsters Canada Rail Conference (TCRC) reached a tentative four-year agreement on Wednesday afternoon, ending the strike that started that 10:00 pm ET on Tuesday.
Details of the agreement will be presented to the TCRC membership for ratification.
Ratification votes “will take place over the coming months,” TCRC said, once members can be informed on the contents of the offer, but the picket lines will come down immediately.
The union says operations should be back to normal by 6:00 am local time, in every time zone across the country.

INTERNATIONAL BUSINESS & GOVERNMENT UPDATES

Bangladesh is Booming
source: globaltrademag.com
Bangladesh is one of Asia’s unexpected success stories in recent years. Once one of the poorest regions of Pakistan, Bangladesh experienced an inflection point in 2006, according to an article penned by Kaushik Basu, a Brookings Nonresident senior fellow in global economy and development. Read more here.