Newsletter – March 6, 2023

AIR FREIGHT UPDATES

Numerous Weekend Toronto Flights Canceled Due To Severe Storm

simpleflying.com
Numerous flights to and from Toronto, Canada, were canceled this weekend after a severe winter storm swept through the city. Although the major snowstorm ended on Saturday, Toronto Pearson International Airport (YYZ) reported that disruptions to flights continue, and cleanup efforts are ongoing. Read more here.

AirAsia CEO: High Ticket Fares Here To Stay

simpleflyin.com
When the demand for air travel blossomed last year after most global restrictions eased, passengers were met with soaring airfare prices on full-service and even low-cost carriers as airlines struggled to increase capacity amidst high fuel prices, closed airspace, and labor shortages. Read more here.

OCEAN FREIGHT UPDATES

Shippers want stability and service, not rock-bottom freight rates

theloadstar.com
“Service is always going to trump price,” said one delegate at the S&P Global TPM conference this week.
“But it has to be a fair price,” he added.
BCO procurement managers were trying to achieve just that during the traditional start to the transpacific contract season event. Read more here.

Ocean Carriers Hope to Regain Trust of Shippers Burned During Pandemic Supercycle

gcaptain.com
Ocean carriers attending the S&P Global TPM conference in Long Beach this week are owning up to mistakes over the past two years and are jockeying to rekindle relationships with shippers.
“Being back in front of the customer is the number-one priority for us right now,” said Peter Levesque, new president of CMA CGM in North America. Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

The lesson of TPM: wealth needs to circulate through the global economy

theloadstar.com
Mums are often depicted as wise, all-knowing people, and mine was no different, her world view, advanced from a modest base in the mountains north of Limassol, Cyprus, was that the “poor could not afford the rich”. Read more here (login required).

Cargo piles up as logistics services are hit by Pakistan forex crisis

theloadstar.com
Logistics providers serving Pakistan are being forced to curtail services as the country’s cash-strapped economy battles a foreign exchange crisis.
With forex transactions becoming a major challenge, express logistics leader DHL said it was forced to suspend operations in Pakistan from 15 March for locally invoiced imports and restrict handling outbound shipments to a maximum of 70 kg until further notice. Read more here.

Seven ways to optimise the end-to-end supply chain

aircargoweek.com
Maximising efficiency and profitability across the supply chain is a moving target for supply chain managers. Faced with ever-changing customer demands and economic influences, even the most sophisticated end-to-end supply chains will require continual improvements. Wouter Satijn, Sales Director, Joloda Hydraroll, says optimisation can be achieved by frequently revisiting these seven important questions… Read more here.