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Newsletter – June 27, 2018
AIR FREIGHT UPDATES
Atlanta has the drive to be a top US cargo airport, but it may be a bumpy ridesource: theloadstar.co.ukAtlanta has set its sights on becoming a cutting-edge cargo airport – but faces several challenges.Last year it saw growth of around 5-6%, a lower pace than the market average of 9%, despite Georgia’s pre-eminent position in US industry. Read more here (login required).
Boeing eyes 777 conversions as widebody freighter availability tightenssource: theloadstar.co.ukBoeing is looking at a conversion programme for its 777 as the supply of widebody freighters tightens.Most carriers are reluctant to invest in new production cargo aircraft and thus the scene is tilting in favour of a converted 777 freighter, despite a hefty conversion price tag. Read more here (log in required).
OCEAN FREIGHT UPDATES
Trade war threatens fragile recovery on transatlantic tradesource: lloydsloadinglist.comThe positive demand balance witnessed on the transatlantic trades since the start of the year could be put at risk if the threatened trade war between the US and the EU escalates, according to analysts at Drewry. Read more here.
Transpacific capacity still outpacing demand, putting more pressure on rates
source: theloadstar.co.uk
Despite the move last week by the 2M alliance to withdraw one of its transpacific loops, ocean carriers are failing to keep capacity in check, according to latest analysis by Alphaliner. Read more here (login required).
GROUND AND RAIL FREIGHT UPDATES
US trucking pressures buildsource: lloydsloadinglist.comUS trucking rates continue to rise, fueled by surging fuel prices and a capacity crunch that is now having a major impact on liner strategies. Read more here.