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Newsletter – June 3, 2020
AIR FREIGHT UPDATES
Air Canada Operates Its Final Boeing 767 Flight
simpleflying.com
Air Canada has operated its final commercial Boeing 767-300ER flight between Montréal-Pierre Elliott Trudeau International Airport (YUL) and Toronto Pearson International Airport (YYZ). The aircraft registration number F-TCA was operating as flight number AC439 on the short hop between Montreal and Toronto yesterday evening. Read more here.
COVID-19 Casts Uncertainty On Air Canada & Air Transat Merger
simpleflying.comThe planned merger between Air Canada and Air Transat has been thrown into question as the fallout from COVID-19 continues. Canada’s national airline is reported to be lobbying Ottawa to block the deal, to allow it to walk away unscathed. Read more here.
OCEAN FREIGHT UPDATES
Ports and shipping representatives urge faster digitalisation to cope with a post-COVID ‘new normal’
lloydsloadinglist.com
Ports and shipping representatives have issued an “urgent call to action” to accelerate the pace of industry digitalisation and for the wide-ranging adoption of secure electronic data exchange, to cope with a post-COVID-19 ‘new normal’. Read more here.
Carriers take tentative steps to increase capacity
lloydloadinglist.com
As the number of developed economies coming out of lockdown and removing mitigation efforts increases, container carriers are having to walk a fine line between rates and capacity as demand resumes. Read more here.
Alliances schedule 75 blankings for Q3, as hopes of peak season demand fade
theloadstar.com
2M partners Maersk and MSC are to extend the suspension of their AE2/Swan Asia-North Europe and AE20/Dragon Asia-Mediterranean loops into the peak season.
And rivals THE Alliance and Ocean Alliance have also announced service suspensions and blankings for the third quarter, including the former extending the suspension of its FE4 loop until the end of September. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Rise in rail shipments points to beginnings of rebound in Canada
ajot.comOne of Canada’s railways is seeing signs the economy is slowly bouncing back from the coronavirus pandemic.Volumes rose 4% at Canadian National Railway Co. in the last week of May as manufacturing and construction sectors reopened, said Chief Financial Officer Ghislain Houle. While the recovery is expected to be slow, it’s a positive sign after shipments hit bottom last month, he said. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Ottawa continues to build PPE safety stocks
insidelogistsics.ca
OTTAWA – Planes and boats loaded with personal protective equipment and other COVID-19 supplies continue to arrive in Canada as the federal government moves to increase the domestic stockpile of crucial gear. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Expect dramatic drop in commodity exports to China
insidelogistics.caGENEVA – Global exports of commodities to China could plunge by US$15.5 billion to $33.1 billion in 2020 – a drop of up to 46 percent compared with annual growth projections before the coronavirus pandemic hit, according to new UNCTAD research. Read more here.
Cloud adoption accelerates as companies plan for 2nd coronavirus wave
ciodive.comDive Brief:Sparked by the coronavirus pandemic, 40% of businesses are accelerating cloud adoption plans, according to a survey of 559 enterprise engineering and IT professionals released Tuesday by MariaDB in partnership with Propeller Insights. Respondents were manager level or higher from the U.S., U.K., France and Germany. Read more here.