Newsletter – September 21, 2023

AIR FREIGHT UPDATES

Potential US Government Shutdown Could Worsen Air Traffic Control Shortage

simpleflying.com
Things could get worse for the air traffic control situation in the US as the potential government shutdown could further impact the shortage of trained controllers at airports across the country. The US needs thousands of more air traffic controllers and is in the process of training more than 2,500 individuals for the job. A government shutdown could derail the training session as well as the hiring process. Read more here

Air Canada Cargo maintains summer belly capacity to Europe

aircargonews.net
Air Canada Cargo will offer customers more belly capacity to key European cities following Air Canada’s decision to extend passenger service to year-round on routes that were previously summer seasonal operations.
Key routes that will remain available for customers throughout the winter include Montreal to Rome, Toronto to Copenhagen and Toronto to Madrid. Air Canada Cargo will also offer customers service to Lyon with the restart of Air Canada’s passenger route in mid-October. Read more here

OCEAN FREIGHT UPDATES

Little hope of 2024 upturn in box shipping trades, says Yang Ming

theloadstar.com
Yang Ming’s chief executive Peter Su said in a press conference yesterday that the third quarter peak season this year was “disappointing” and the carrier has no expectations that 2024 will be any better.
Mr Su said that the economies in China, US and Europe remain bearish, which continues to affect consumer spending. Read more here (login required).

THE Alliance suspends transpacific service, but more capacity cuts needed

theloadstar.com
THE Alliance is suspending a transpacific loop in a move suggesting that carriers are now prepared to take more radical action on capacity management in order to balance supply with falling demand.
THEA members Hapag-Lloyd, ONE, Yang Ming and HMM advised today that they are suspending their PN3 loop from Asia to the North American west coast, “until further notice”, effective the first week in October, “in consideration of the present market situation”. Read more here 

Change in US consumer behaviour hampers Transpacific trade

container-news.com
As the traditional peak season of the shipping sector comes to an end, the spot rate declines over the past two weeks are a very clear indicator that the peak season did not really materialise, according to the recent Sea-Intelligence report.
Further to that, the Danish maritime data analysis company noted that there are “dark clouds looming over the horizon” for the Transpacific trade, in part linked to US consumer behaviour. Read more here

2023 US consumer spending impact on container industry

ajot.com
US consumer spending behavior casts a negative outlook on containerized transportation
This analytical piece delves into key trends in the US consumer demand and spending behavior, examining their potential implications for container demand dynamics, particularly on the transpacific trade lane. Download the report here