Newsletter – July 26, 2018

AIR FREIGHT UPDATES

Asia airlines see cargo growth slow in June

source: aircargonews.net
Airlines in the Asia Pacific region saw cargo demand growth weaken in June in line with a slowdown in the manufacturing sector.
According to the Association of Asia Pacific Airlines (AAPA), carriers saw cargo traffic increase by 3.4% year on year in June, a slowdown on the 4.9% increase registered over the first six months of the year. Read more here.

OCEAN FREIGHT UPDATES

Ransomware attack spreads across Cosco’s Americas operations

source: source: splash247.com
The Windows ransomware attack that hit CHinese shipping giant Cosco’s US operations has spread.  The cyber attack, which hit the carrier on Tuesday morning, has resulted in what the company is describing as a network failure across the Americas, with Cosco’s operations in the US, Canada, Panama, Argentina, Brazil, Peru, Chile and Uruguay all affected.  Read more here 

FMC Issues Final Rules for NVOCC Service and Rate Agreements

source: jdsupra.com
HIGHLIGHTS:
The Federal Maritime Commission (FMC) issued Final Rules pertaining to Non-Vessel Operating Common Carrier (NVOCC) Service Agreements (NSAs) and Negotiated Rate Agreements (NRAs) that will become effective Aug. 22, 2018. Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

How Supply Chains Are Accommodating Higher Shipping Costs

source: news.thomasnet.com
As manufacturers and retailers contend with rising shipping costs, supply chains are undergoing a transformation.
But what’s driving the increase in costs?  Read more here.