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Newsletter – June 18, 2020
AIR FREIGHT UPDATES
Around 70% Of Flights To Beijing Are Cancelled Amid Second Wave
simpleflying.com
After months of only imported cases, China has seen a resurgence in locally-transmitted cases in the last week. The source of the new outbreak is reported to be a large wholesale market in Beijing, which has forced the city to impose lockdown measures. The country has reported 172 locally-transmitted cases in the last week, raising fears of a second wave in China. Read more here.
US eases ban on Chinese carriers
aircargonews.net
The US Department of Transportation (DOT) has backed down from an earlier ban on Chinese carriers, allowing them to fly up to four weekly flights between Mainland China and the US.
The move comes after the Civil Aviation Administration of China (CAAC) eased international flight restrictions further on 8 June, allowing more carriers — including those from the US — to operate flights into the country. Read more here.
Air freight load factors rise to a new high
lloydsloadinglist.com
Air freight load factors rose to a new high in the week to 14 June thanks to a week-over-week reduction in capacity in the past three weeks combined with a slight rebound in air freight volumes in the first two weeks of June, according to new figures from CLIVE Data Services. Read more here.
Why Drones Have Hit Their Stride
forbes.com
“Necessity is the mother of invention” is an aphorism often ascribed to Plato, although there is no confirmed origin. It means we innovate according to the pressures that present themselves to us. A slightly modified version might be more appropriate for 2020: “Necessity is the mother of adaptation.” Read more here.
OCEAN FREIGHT UPDATES
Maersk says its ‘resilient ocean business’ will keep it on an even keel in Q2
theloadstar.com
Maersk this morning updated its forecast for the second quarter, which indicated that world container trade may not plumb the depths many had feared in the aftermath of the coronavirus pandemic.
“With current trading, the market demand in the second quarter of 2020 is developing more favourably than originally expected, with volumes downfall for AP Møller-Maersk now anticipated to be in the range of -15% to -18% for Q2 20, compared with the initial guidance of -20% to -25%,” it said. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Volatile US-Mexico auto industry disrupts border trucking capacity
freightwaves.comAs the coronavirus pandemic continues to hit auto supply chains hard, trucking capacity has been volatile at key ports of entry along the United States-Mexico border.In Laredo, Texas, outbound tender volume (OTVI.LRD) has fallen slightly over last week, while outbound tender rejections (OTRI.LRD) have spiked during the same time, setting upward pressure on rates, according to FreightWaves’ SONAR platform. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Canada’s Nolinor Installs Lightweight Seats On Boeing 737-400s
simpleflying.comBucking the nearly all-encompassing trend of downsizing, Montreal-based charter airline Nolinor acquired three Boeing 737-400s last month. The airline will be outfitting its new acquisitions with TiSeat E2 seats, produced by French manufacturer Expliseat. Read more here.