Newsletter – June 5, 2020

AIR FREIGHT UPDATES

Airlines fight to exit ‘intensive care’

freightwaves.com

Despite signs of modest improvement in passenger traffic and the lifting of many coronavirus restrictions, airlines aren’t relaxing efforts to shore up balance sheets and restructure in hopes of remaining solvent until demand returns in a meaningful way years from now. Read more here.

China Relaxes Flight Restrictions Following US Pressure

simpleflying.com

China has today relaxed flight restrictions to allow US airlines to operate in the country once again, following a bitter dispute. China will allow one flight from selected US airlines per week from June 8th. However, it is unclear if the US will continue to ban Chinese flights into its country. Read more here.

British Airways Boeing 787 Pushed Off Of The Taxiway In Edmonton

simpleflying.com

A British Airways Boeing 787 today ended up in a sticky situation after it came to rest in the mud. The aircraft was being pushed back in Edmonton, Canada, ahead of a flight back to London Heathrow when the incident occurred. Read more here.

OCEAN FREIGHT UPDATES

New wave of transatlantic blankings – and alliances start to lose market share

theloadstar.com

Transatlantic shippers are set to be hit by another wave of blank sailings this month after 2M partners Maersk and MSC announced that the suspension of the TA4/NEUTAL4 would be extended.

The service, which deploys five vessels with an average capacity of 5,300 teu, has a port rotation of Antwerp-Rotterdam-Bremerhaven-Liverpool-New York-Savannah-Port Everglades-Charleston, and the next scheduled sailing to depart Antwerp is currently week 29. Read more here.

Number of shipping cyber attacks leaps 400% since February

splash247.com

Israeli maritime cyber security experts Naval Dome claim there has been a 400% spike in shipping-targeted hacks since Febreuary thisyear with the coronavirus pandemic leaving the sector very vulnerable. Read more here.

MSC boxhship takes out crane in Mumbai

splash247.com

The 14,000 TEU MSC Rosa M severly damaged a gantry crane at a DP World terminal in Mumbai early yesterday morning. Read more here.

GROUND AND RAIL FREIGHT UPDATES

CP completes CMQ buy

insidelogistics.ca

CALGARY – Canadian Pacific has completed its previously announced acquisition of the Central Maine & Quebec Railway US Inc. Read more here.

CANADA BUSINESS – GOVERNMENT UPDATES

Transportation job losses slow as Canada starts to recover

freightwaves.com

Job losses in Canada’s transportation and warehousing sector slowed in May as the country’s labor market improved.

The sector shed 24,000 jobs, or 2.8%, during the month, Statistics Canada said on Friday. Overall, Canada added nearly 290,000 jobs during the month, an increase of 1.8%. Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

First the trade war, then the pandemic. Now Chinese manufacturers are turning inward

technologyreview.com

As China’s access to international markets has grown more unreliable, e-commerce platforms are partnering with manufacturers to launch their own domestic brands. Read more here.