Newsletter – June 29, 2022

AIR FREIGHT UPDATES

Asia Rebounds Strongly In May With China Traffic Still To Come

simpleflying.com
Before the pandemic, Asia-Pacific was the world’s fastest-growing region for commercial aviation. Now that border restrictions have significantly eased, although not yet in China, the region’s international travel is rapidly gathering strength.
The Association of Asia Pacifc Airlines (AAPA) is the trade association for scheduled international airlines based in the Asia-Pacific region. Headquartered in Kuala Lumpur, Malaysia, it compiles aggregated traffic data from 40 Asia-Pacifc based carriers. Some of those are Air India, China Airlines, China Southern, Cathay Pacific, Qantas, Singapore Airlines, Asiana and Japan Airlines. Read more here.

Airfreight rates on key lanes fall in June

aircargonews.net
Airfreight rates on key east-west trade lanes fell in June as the air cargo market enters the quieter summer period.
The latest figures from the Baltic Exchange Airfreight Index (BAI) show that airfreight rates from Hong Kong to North America dropped by 10.1% in June compared with May to $8.72 per kg. Read more here.

Air cargo rates plummet alongside consumer demand for Bangladesh apparel

theloadstar.com
Demand for Bangladeshi apparel is falling significantly in the US and EU and air cargo rates from Dhaka have seen a drastic decline.
Airlines are now charging $3.50 per kg to Europe and $8.50 to the US and Canada, compared with $8-$12 and up to $16, respectively, only a few months ago. Read more here (login required).

OCEAN FREIGHT UPDATES

Competition authorities fail to see the high levels of concentration among liners: Global Shippers Forum

splash247.com
Current measures of competitiveness in the global liner shipping market are incomplete and therefore inaccurate and fail to take full account of the degree of co-operation between carriers which results in a more highly concentrated industry, claims a new report prepared by maritime economists at MDS Transmodal (MDST) in collaboration with the Global Shippers Forum (GSF). Read more here.

Box tracking popularity soars – but the big debate is, who owns the data?

theloadstar.com
With the rapid rise in the use of container tracking devices, the cargo insurance industry isincreasingly concerned over the question of data ownership.
Shipping consultant Drewry said there would be almost nine million boxes fitted with tracking and telemetry equipment by 2026, with Hapag-Lloyd’s decision to fit trackers to its fleet of dry boxes likely to initiate a scramble among container lines to implement similar systems. Read more here.

GROUND AND RAIL FREIGHT UPDATES

BLET to Hold Strike Authorization Vote

railwayage.com
Preparations are under way for the Brotherhood of Locomotive Engineers and Trainmen (BLET) to poll members, who the union stresses “have been without a contract raise for nearly three years,” to authorize a strike in the event “one becomes necessary to attain the organization’s national bargaining tools,” National President Dennis R. Pierce announced on June 22 in a conference call held with all BLET general chairmen. Read more here.