Newsletter – July 25, 2022

AIR FREIGHT UPDATES

American Airlines CEO: It Could Take 3 Years To Reach Full Capacity

simpleflying.com
American Airlines, one of the United States’ biggest carriers, cannot keep up with the demand. This pilot shortage is also an issue most airlines worldwide face.
During the pandemic, air travel was limited, and there wasn’t a need for crew or pilots. American Airlines had a challenging year in 2020. The airline was forced to furlough 17,000 employees in October of 2020. Included in that 17,000, 1,600 were pilots. Read more here.

OCEAN FREIGHT UPDATES

PRPA Announces Change in Leadership Team

ciffa.com
The Prince Rupert Port Authority (PRPA) announced on July 21 that, after 30 years of service, Joe Rektor, Vice President of Finance & Corporate Services, is retiring from PRPA and Agnes Piotrowski is joining the organization as Vice President, Finance to take his place. Read more in a press release from PRPA.

Strike at DSME ends

slash247.com
One of the most debilitating acts of shipyard industrial action has come to an end, with production now back up to speed at Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea.
Subcontract workers at Korea’s number three shipbuilder agreed on Friday to end their 51-day strike after accepting a much smaller wage hike than demanded as well as job guarantees. Read more here.

GROUND AND RAIL FREIGHT UPDATES

Trucker Blockade Continues at Port of Oakland

gcaptain.com
July 22 (Reuters) – Independent truckers protesting California’s new “gig worker” law blockaded California’s third-busiest seaport for the third straight day on Friday, delaying shipments at the state’s top agricultural export hub and adding to U.S. supply chain headaches.
Truck gates at all four Port of Oakland marine terminals remain closed to truck traffic on Friday. Oakland International Container Terminal (OICT), which handles about 70% of port cargo, restarted some work on ships, a port spokesperson said. Read more here.

CANADA BUSINESS – GOVERNMENT UPDATES

Where have all the workers gone? Don’t blame COVID, economists say

cbc.ca
Canada is in the throes of a serious labour shortage, but economists say it’s not all the pandemic’s fault — it’s the inevitable culmination of a seismic demographic shift decades in the making.
“It’s the slowest-moving train on the planet. It was predictable 60 to 65 years ago, and we have done nothing about it,” said Armine Yalnizyan, an economist and Atkinson Fellow on the Future of Workers. “We knew this transition was going to happen.” Read more here.