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Newsletter – August 27, 2020
AIR FREIGHT UPDATES
Hurricane Laura: United Airlines cancels flights, cargo delayed
freightwaves.comA total of 414 flights were canceled at George Bush Intercontinental Airport in Houston as of Wednesday afternoon as Hurricane Laura, now a Category 4 storm, bears down on the Texas coast. Read more here.
Transport Canada Begins Boeing 737 MAX Test Flights
simpleflying.comTransport Canada today began test flights of the Boeing 737 MAX. The flights come some 17 months after the type was grounded following two fatal crashes. The US regulator, the FAA, finished its testing of the MAX at the start of July. Read more here.
OCEAN FREIGHT UPDATES
US places sanctions on the world’s largest shipbuilder
splash247.comChina Shipbuilding Group is among 24 Chinese companies and individuals to be blacklisted by the United States for its role in developing infrastructure in contested areas of the South China Sea. Read more here.
Carriers scramble to charter larger boxships and ‘don’t care what they pay’
theloadstar.comOcean carriers are scrambling to charter larger containerships to take advantage of skyrocketing freight rates caused by a spike in demand across major tradelanes.Handy 7,500-11,000 teu ships have been virtually ‘sold out’ since July and any tonnage that does become available is being snapped up quickly by energetic in-house carrier brokers. Read more here.
Weekly Broker: Dry bulk leads the way
splash247.comThe dry bulk sale and purchase market has again seen plenty of ships changing hands this week with smaller size vessels being the most popular assets in the market as the segments are enjoying better supply/demand scenarios. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Asia-Europe rail freight uptake accelerating due to Covid-19
lloydsloadinglist.comRail freight could be the long-term modal beneficiary of Covid-19 lockdowns on the Asia-Europe trade, with capacity and volumes growing fast and investments continuing to improve its competitiveness and attractiveness, according to Martin Holst-Mikkelsen, head of Europe ocean freight at forwarder Flexport. Read more here.
TFI just latest trucking victim in cyber attacks
insidelogistics.caTORONTO – Cyber criminals appear to be increasing their attacks on the transportation sector, with one of the latest ransomware scams targeting TFI’s Canadian courier divisions. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
AFKLMP creates vaccine shipment taskforce
aircargonews.netAir France KLM Martinair Cargo (AFKLMP) has formed a taskforce to define the steps needed to help ship Covid-19 vaccines. Read more here.
Google, UPS unit begin free delivery service for Google merchants
freightwaves.comGoogle Inc. (NASDAQ:GOOG/GOOGL) has launched a service with Ware2Go Inc., an on-demand fulfillment platform owned by UPS Inc., (NYSE:UPS) where Google’s merchant customers can offer free deliveries of orders initiated by a Google search but consummated on the merchant’s site. Read more here.