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Newsletter – June 22, 2020
AIR FREIGHT UPDATES
Amazon Air’s fleet expansion is a bid for logistics domination
supplychaindive.com
Amazon Air is adding capacity to its fleet by leasing 12 Boeing 767-300 converted cargo aircraft from Air Transport Services Group, the company announced Wednesday. The new planes will bring the company’s fleet to 82 planes by the end of next year, five years after announcing its first aircraft. Read more here.
OCEAN FREIGHT UPDATES
Box carriers reinstate some Asia-US capacity
lloydsloadinglist.comGlobal container lines are reinstating some of the capacity they cancelled in the last few months on the Asia-North America West Coast trade lane, although it’s not a sign of a post-pandemic rebound in the US, according to container shipping analyst Sea-Intelligence. Read more here.
Blank sailing strategy could bring carriers $9bn profit this year, says consultant
theloadstar.comNotwithstanding a significant decline in container liftings as a consequence of the global pandemic, ocean carriers have confounded the dire predictions of analysts with their more optimistic outlook for earnings.Sea-Intelligence, which only a few weeks ago predicted a worst-case annual loss for the liner industry of $23bn, said that, based on its remodelling, the carriers could potentially achieve a profit for the year “in excess of $9bn”. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
The Port of Montreal: partner in the recovery
ajot.com
As Quebec gradually resumes its activities, the Port of Montreal with its 19 terminals, 100 km of rail lines and truck infrastructure, stayed fully operational, a dockside witness to the economic slowdown that is still being felt province-wide.
What impact has the health crisis had on our traffic and tonnages? What projects are already back on track at the Port of Montreal so they can contribute to the economic recovery? Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Industry readies for July 1 USMCA implementation
dcvelocity.comThe United States Mexico Canada Agreement (USMCA) goes into force in less than two weeks and is adding to an already challenging supply chain environment, as companies continue to deal with disruptions from the coronavirus pandemic. Logistics and transportation companies are at the forefront of helping shippers navigate the free trade agreement’s (FTA) rules, and they say bumps along the road are inevitable, but that the longer term outlook calls for smooth sailing thanks to the modernized deal, which replaces the 26-year-old North American Free Trade Agreement (NAFTA). Read more here.
Covid-19: Mix of online and in-store key to retail’s recovery
essentialretail.comThree quarters of retailers believe that merging of online shopping and in-store experiences will be key to the sector’s recovery. This is according to a study by Brightpearl analysing retailers’ sentiments as stores reopen this week in England, which suggests the high street will become smaller as a result of the Covid-19 pandemic.
In a survey of 2,000 retailers using the Brightpearl platform, 34% plan to switch their focus to online post-lockdown, and 70% believe it is ‘highly likely’ there will be a reduction in high street stores following the crisis. Read more here.