Newsletter – May 17, 2023

AIR FREIGHT UPDATES

Video: Airfreight faces increase in regulation over the coming five years

aircargonews.net
At last month’s IATA World Cargo Symposium in Istanbul, the Air Cargo News team spoke to a variety of attendees to find out their thoughts on the current and future air cargo market.
In our latest video, Airforwarders Association executive director Brandon Fried outlines how the industry is faced with an increase in regulation. Read more here.

OCEAN FREIGHT UPDATES

COVID boom not over yet for ‘landlords’ of shipping lines

freightwaves.com
Foreign container lines were widely blamed for stratospheric freight rates during the supply chain crisis. President Joe Biden proclaimed last June he was “viscerally angry” at the “rip-off,” clenching his fist and saying he felt like “popping someone,” presumably a foreign container-line executive.
As the shipping lines took the heat for raking in billions amid the pandemic, another group of foreign-owned container shipping companies quietly raked in record sums outside the publicity glare: the container-ship lessors, otherwise known as tonnage providers. Read more here.

GROUND AND RAIL FREIGHT UPDATES

Trucking groups call for action on Driver Inc.

insidelogistics.ca
Teamsters Canada, the Canadian Trucking Alliance (CTA), and the Association du camionnage du Québec (ACQ) have joined forces to call for urgent federal action to put the brakes on the growing Driver Inc. crisis in the country’s trucking sector.
The Driver Inc. sees truck drivers incorporate, often at the request of dishonest employers, under the guise of paying lower taxes and avoiding other payroll deductions. But in reality, these drivers are indistinguishable from regular employees, lacking truck ownership, route choice, or any real degree of independence or financial risk. Read more here.

INTERNATIONAL GOVERNMENT – BUSINESS UPDATES

Supply chain study shows that visibility remains elusive for global logistics companies

canadianmanufacturing.com
SINGAPORE — HERE Technologies, a location data and technology platform, published an inaugural study, APAC On The Move, to provide insights from transportation and logistics (T&L) professionals across Asia-Pacific (APAC) on the current technology trends and practices that are shaping supply chain, fleet, and logistics management. Read more here.

AI isn’t new to the supply chain, but ChatGPT is expanding its role

freightwaves.com
ORLANDO, Fla. — If there were a contest to find the buzzword that sums up the Gartner Supply Chain Symposium, the winner would be clear: AI.
Companies boasted about their artificial intelligence bona fides on the floor of the recently concluded show. The flood of emails sent to journalists covering the event, offering up interviews with executives, almost all touted the AI credentials of the companies being pitched. Read more here.