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Newsletter – December 2, 2019
AIR FREIGHT UPDATES
Hong Kong Airlines’ Operating License Could Be Suspended
simpleflying.comHong Kong Airlines might be just about to become another 2019 tragedy, with rumors that its operating license could be suspended. The airline has been suffering financially for several months now (in part thanks to the unrest currently gripping the country) and now must procure a cash injection to keep operating. Read more here.
The biggest challenge for forwarders in India is getting cargo through the airports
theloadstar.comWhile air cargo capacity in India is said to have reached a “sufficient” level, airports and airlines need to improve turnaround times.According to KWE India deputy managing director Karthi Baskar, the biggest challenge for forwarders in India is getting cargo through airports and to the customers. Read more here (login required).
OCEAN FREIGHT UPDATES
Empty container movements signal freight shift to the East Coast
freightwaves.comLike a pendulum that reached its maximum height in one direction that has begun to accelerate towards equilibrium, volumes of empty containers are shifting to the East Coast over the past few weeks.The number of empty containers moving into the Elizabeth New Jersey market over the past two weeks has almost tripled, while inbound empties moving to the Los Angeles market has dropped 46%. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Maple Leaf Motoring: How the CN strike played on the freight market
freightwaves.comThe end of the Canadian National (NYSE: CNI) strike couldn’t have come soon enough for Canada.Further disruption to the flow of goods – especially canola and wheat exports — could have been devastating to an economy whose growth is already slowing. But the eight-day disruption, which ended on Nov. 26, also showed how the freight market adjusted. Read more here.