Newsletter – August 2, 2022

AIR FREIGHT UPDATES

Amsterdam Schiphol Will Keep Its Passenger Cap Until At Least November

simpleflying.com
As staff shortages and other operational challenges persist, Amsterdam Schiphol Airport will continue to enforce its passenger cap until November. The airport, despite investing in more security staff to cope with rising passenger numbers, arrived at the decision after consulting with airlines. Read more here.

Atlas Air execs eye millions in bonuses from Apollo consortium takeover

theloadstar.com
Atlas Air executives can expect a significant payout if the carrier is acquired by an Apollo-led consortium, as indicated yesterday in the US Wall St Journal.
According to “people familiar with the matter”, Apollo Global Management is in advanced talks to buy Atlas Air, with a deal expected “soon”. Read more here (login required).

OCEAN FREIGHT UPDATES

US slows ships to save whales

insidelogistics.ca
Vessels off the US East Coast must slow down more often to help save a vanishing species of whale from extinction, the federal government said Friday.
The US National Oceanic and Atmospheric Administration made the announcement via new proposed rules designed to prevent ships colliding with North Atlantic right whales. Read more here.

Port of New York and New Jersey sets container fee, mandatory export levels

freightwaves.com
Ahead of the expected busy peak season, the Port of New York and New Jersey will implement a container fee on any long-dwelling import or export containers. The goal of the tariff is to reduce an excess of empty containers dwelling at the port and free up space for container pickup. It includes both loaded and empty containers.
The quarterly container imbalance fee, announced Tuesday morning, will be effective as of September, pending a mandatory 30-day federal notice. Read more here.

Maersk cuts import box dwell time at US ports to nine days

theloadstar.com
Maersk has shortened its import containers dwell time at key US terminals from 14 days to nine, before they are transferred to an off-dock facility.
The new regime begins on 8 August.
The shipping line said previous moves to resolve the backlog had proved insufficient, adding: “We had until now focused on draying containers with no activity for more than 14 days. Read more here (login required).

Will Ships Overload California Warehouses?

gcapatain.com
America’s largest warehouse market is full as major U.S. retailers warn of slowing sales of the clothing, electronics, furniture and other goods that have packed the distribution centers east of Los Angeles.
The merchandise keeps flooding in from across the Pacific, and for one of the busiest U.S. warehouse complexes, things are about to get worse. Read more here.

GROUND AND RAIL FREIGHT UPDATES

Trucking Looks for New Owner-Operator Strategies as Independent Contractor Model is Threatened

truckinginfo.com
Motor carriers that use owner-operators in California are working to re-evaluate their operations in order to meet strict restrictions on the use of independent contractors, as labor officials at the national level push to crack down on “employee misclassification” as well. Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

World’s no. 2 clothes exporter faces order drop as power falters

ajot.com
Bangladesh’s garment industry, the world’s No. 2 exporter after China, is facing a double whammy from slowing global demand and an energy crisis at home that’s threatening to thwart the nation’s pandemic recovery. Read more here.