Newsletter – August 13, 2021

AIR FREIGHT UPDATES

Cargo airlines cancel hundreds of China flights amid COVID outbreak

freightwaves.com
Chinese restrictions to control a spike in COVID infections have severely curtailed cargo operations at several airports and reduced crew availability, forcing airlines to cancel hundreds of flights as the peak shipping season kicks into high gear in a sector already struggling to keep up with high demand. Read more here.

Indian Aviation Showing Strong Recovery Following COVID Crisis

simpleflying.com
After a crippling spring and early summer, Indian aviation is bouncing back impressively. Flights have now reached 68% of pre-COVID capacity and passenger numbers are around 70% of 2019 levels. Let’s take a closer look at India aviation’s rebound since June. Read more here.

Cargojet continues international expansion with 21Air investment

aircargonews.net
Cargojet has invested in a minority share of US freighter operator 21Air as it looks to grow internationally.
Cargojet will acquire a 25% interest in 21Air and will “continue to collaborate with 21Air on mutually beneficial opportunities in this expanding air cargo market”. Read more here.

OCEAN FREIGHT UPDATES

Canadian Tire buys into Ashcroft Terminal

insidelogistics.ca
In a pandemic world where inventory is king, Canadian Tire Corp. hopes to secure its spot as one of Canada’s reigning retailers by strengthening its supply chain.
The company, which beat analysts’ expectations with its latest quarterly results on Thursday, said it purchased a 25 percent stake in a B.C. inland port facility. Read more here.

All eyes on Ningbo as global supply chains await news of terminal’s reopening

splash247.com
There is still no indication when operations at a container terminal in the world’s largest port will resume following a single Covid outbreak earlier this week.
The Ningbo Meishan Island Container Terminal, also known as Meishan terminal, suspended operations at 3:30 am local time on Wednesday after a double jabbed, 34-year-old worker came down with the delta variant of Covid-19. Read more here.

Shippers bamboozled by growing disparity between liner shipping’s five index providers

splash247.com
Shippers frantically trying to book container shipments are faced with yet another hurdle in this most tricky of years for those involved in sea logistics, namely arriving at a correct price for a spot shipment.
Container shipping is hampered by having five providers of spot box information, and as the sector has soared to ever higher record territory the disparity in prices from the index providers has widened, adding to the confusion in the supply chain sector. Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT

Warehouse jobs go unfilled while former workers sit it out — report

freightwaves.com
The logistics warehousing sector is on the horns of the same dilemma befalling numerous American industries since the economy began reopening in earnest: As warehouse jobs go begging, there appears to be an abundance of qualified labor filling the unemployment rolls. Read more here.