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Newsletter – November 13, 2019
AIR FREIGHT UPDATES
Boeing Expects 737 MAX Return to Service in January
news.airwise.comBoeing is maintaining its view that the 737 MAX will receive regulatory approval before the end of the year, but it now expects a resumption of commercial flying in January. Read more here.
Airfreight prices climb, but for how long?
freightwaves.comAir cargo freight rates have spiked in recent weeks as the traditional peak season approaches, but there is growing evidence that any rebound after a tough year for carriers will be fleeting. Read more here.
US forwarders want clarity on new CBP electronic air cargo manifest rules
theloadstar.comThe US Airforwarders’ Association has expressed concern over plans by the Customs and Border Protection (CBP) agency to make forwarders file electronic air-cargo manifests in advance of flights. Read more here.
OCEAN FREIGHT UPDATES
First in a decade: Trans-Pacific box trade to contract this year
freightwaves.comThe trans-Pacific container trade from Asia to North America is headed for its first annual decline in a decade, according to Alphaliner. Maersk, MSC, Hapag-Lloyd and COSCO are the carriers that have lost the most market share this year as volumes have contracted. Read more here.
FIATA critical of detention and demurrage process
lloydsloadinglist.comGlobal freight forwarding body FIATA, the International Federation of Freight Forwarders Associations, has called for “a more transparent, equitable and business-orientated process” for determining detention and demurrage charges for ocean freight containers in the US and other key markets – also proposing that the freight forwarding industry would be prepared to share advance data it usually has on arriving shipments with container terminals to help with process improvements. Read more here.
Container demand slowdown goes beyond trade war
lloydsloadinglist.comGlobal volume figures contracted during September, shrinking by 0.4%, but not all the blame can be put on the US-China trade war, according to analysis by Sea-Intelligence. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Nike to end pilot project selling on Amazon
bloomberg.comNike Inc. is breaking up with Amazon.com Inc.The athletic brand will stop selling its sneakers and apparel directly on Amazon’s website, ending a pilot program that began in 2017.The split comes amid a massive overhaul of Nike’s retail strategy. Read more here (login required).