Newsletter – August 20, 2018

AIR FREIGHT UPDATES

Charter brokers propelled to lofty heights by tight capacity and strong demand

source: theloadstar.co.uk

Air Charter Service (ACS) enjoyed a “stunning first six months”, according to chief executive Justin Bowman, reporting revenue of £240.5m (US$312m), up 23% on the same period a year ago. Read more here.

OCEAN FREIGHT UPDATES

Why this year’s transpacific peak season will be tricky

source: splash247.com

The shipping peak season is once again upon us. Every year form August to October shippers face fights for capacity amid high demand and peak shipping surcharges. This season, however, will likely be worse for transpacific shippers. Read more here.

Turkey crisis will hurt Asia-Europe box trade

source: lloydsloadinglist.com

Asia-Europe spot rates could come under pressure as Mediterranean demand for Asian imports subsides amid economic meltdown in Turkey, according to Drewry. Read more here.

Hapag-Lloyd boosts reefer fleet with 11,100 new boxes

source: hapag-lloyd.com

Further leveraging opportunities in the reefer market // Strengthening position as one of the largest reefer carriers // All reefer containers to be available until December 2018. Read more here.

GROUND & RAIL FREIGHT UPDATES

Kroger begins testing driverless grocery deliveries

source: canadianshipper.com

Scottsdale, AZ — At a time when big-box retailers are trying to offer the same conveniences as their online competitors, the biggest U.S. grocery chain is testing the use of driverless cars to deliver groceries in a Phoenix suburb. Read more here.