Newsletter- August 11, 2022

AIR FREIGHT UPDATES

Air cargo industry still eyeing a peak season, despite losing in-cabin capacity

theloadstar.com
Air cargo industry sources have played down the impact on capacity resulting from the end of cargo-in-cabin easements on 31 July.
Allowing cargo to be flown in passenger cabins was an exceptional measure introduced by the European Aviation Safety Agency (EASA) during the Covid pandemic. Read more here (login required).

Breaking News

aircanada.ca
Air Canada Cargo is pleased to announce the purchase of two Boeing 777 freighters, with deliveries expected in 2024. With these new purchases, we plan to operate seven freighters by the end of 2023 and have a total of 12 active all-cargo aircraft in the Air Canada fleet by the end of 2024. We expect our next two converted freighters to arrive before the end of this year. Click here to learn more about our freighter strategy.

Maersk Air Cargo moves closer to operations with Asia-US test flight

aircargonews.net
Maersk Air Cargo is moving closer to operations with a test flight following its launch in April. It is due to be operational in the second half of the year and will offer daily flights utilizing Denmark’s Billund Airport as its main hub. Read more here.

‘Dark clouds’ hang over a slowing global air cargo market

aircargoweek.com
Seasonally adjusted general air cargo market performance data for July 2022 shows a continued slowing down of volume, load factor, capacity, and airfreight rates as the impact of economic and political uncertainties on world trade continue to hang over the industry. Read more here.

OCEAN FREIGHT UPDATES

US east coast empty container congestion due to ‘lack of accountability’: FMC commissioner

splash247.com
Carl Bentzel, a commissioner with the US Federal Maritime Commission, issued a statement on August 9, after FMC Chairman Daniel Maffei’s visit to the Port of New York and New Jersey and his assertion there that carriers should not “receive involuntarily subsidized storage for empty containers that belong to them” that are stored by shippers and truckers “without proper compensation.” Read more here. 

Truck drivers at Port of Baltimore protest long waits at container terminal

splash247.com
A group of truck drivers, most of them owner-operators, spent the day yesterday protesting at the Port of Baltimore and they plan to be on site again on today. Their complaint is that they routinely wait for hours to pick up containers and that Ports America Chesapeake, which manages Seagirt Marine Terminal under a 50-year agreement signed in 2009 with the Maryland Port Administration, couldn’t care less. Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

China trade surplus under threat as peak season collapses and demand cools

theloadstar.com
China enjoyed a record $101bn trade surplus in July, but cargo volumes could soon decline, due to “cooling demand” and “no peak season” for Asia-Europe trades.
According to Chinese customs statistics, last month’s exports jumped 18% in US dollar terms, while imports grew 2.3% year on year. Read more here (login required).