Newsletter-January 21, 2022

  • 21

    Jan

    Newsletter-January 21, 2022
    AIR FREIGHT UPDATES
    Cheaper Flights? Canadian Startup Lynx Puts Its First 7 Routes On Sale

    simpleflying.com
    Set to take off in April, Canadian ultra-low-cost carrier Lynx Air has put its initial routes on sale. There are seven in all, involving five cities with 39 weekly flights in the peak summer. Utilizing the B737 MAX 8, Lynx will compete with between three and five airlines per route. Air Canada and WestJet strongly dominate the markets, but with little lower-priced alternatives – even with Flair operating all seven routes. Lynx must ensure it achieves unit costs lower than unit revenue. Read more here.

    OCEAN FREIGHT UPDATES
    Belgium subsidises barges in bid to shift freight from road to inland waterway

    theloadstar.com
    Efforts to improve inland services at Antwerp, North Sea Port and Zeebrugge stepped up this week, with the Flemish government injecting €12.5m ($14.18m) of financial support.
    The Loadstar understands that the grants are part of a four-year plan, to be topped up by the gateways to €14.3m, to subsidise projects intended to increase the share of volumes moving by barge and to disincentivise road movements. Read more here.

    Drug cartels force MSC to suspend intermodal operations in Brazil with Santos labelled cocaine’s ‘world trade center’

    splash247.com
    Mediterranean Shipping Company (MSC), the world’s largest containerline, has put some land operations on hold in Brazil, fearful of drug cartels working their way into boxes bound for North America and Europe.
    In a notice sent to clients in Brazil last week by MSC, the Geneva-headquartered company stated that criminals were intercepting containers to try and ship drugs overseas. Read more here.

    Yantian restricts container entry to ease overflow

    splash247.com
    With containers overflowing in and out of its borders, the operators of Yantian terminal, the largest port facility in Shenzhen, have from today ruled that full containers can only be trucked in four days before vessels are due to berth.
    Shenzhen, the world’s fourth largest container port, is suffering from severe congestion just ahead of the Lunar New Year holidays, exacerbated by recent Covid-19 outbreaks that have seen parts of the city forced into lockdown. Ships arriving at Yantian are currently having to wait around one week for a berth space. Read more here.

    GROUND AND RAIL FREIGHT UPDATES
    US to close borders to unvaccinated Canadian, Mexican truckers on Saturday

    freightwaves.com
    The U.S. will close its borders to unvaccinated and partially vaccinated Canadian and Mexican truck drivers on Saturday, the Department of Homeland Security said on Thursday.
    “These updated travel requirements reflect the Biden-Harris Administration’s commitment to protecting public health while safely facilitating the cross-border trade and travel that is critical to our economy,” Secretary Alejandro Mayorkas said in a statement.  Read more here.

    CANADA  BUSINESS – GOVERNMENT UPDATES
    Canada’s inflation rate rises to new 30-year high of 4.8%

    cbc.ca
    The Consumer Price Index increased at an annual pace of 4.8 per cent in December, as sharply higher prices for food led to the cost of living going up at its fastest rate since 1991.
    Statistics Canada reported Wednesday that grocery prices increased by 5.7 per cent, the biggest annual gain since 2011. Read more here.

    Food manufacturers cut capacity amid labour shortages and supply chain

    disruptionsthestar.com
    Canada’s food manufacturers are cutting capacity and focusing on key products as they confront labour shortages and supply chain bottlenecks that show no signs of easing.
    Shipping backlogs, delays in obtaining packaging and ingredients and high worker absenteeism due to COVID-19 isolation protocolsare interfering with the availability of certain products, experts say. Read more here.

    INTERNATIONAL  BUSINESS – GOVERNMENT UPDATES
    Recent LA cargo thefts highlight a growing trend

    insidelogistics.ca
    As media reports highlight the piles of ripped open boxes and discarded goods that litter the railway tracks around Los Angeles as a result of thieves breaking into derailed shipping containers, insurance specialist TT Club reports that this is not an isolated incident. Read more here.

     

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