Newsletter – May 19, 2022

AIR FREIGHT UPDATES

Air France-KLM Partners With CMA CGM: What You Need To Know

simpleflying.com
Air France-KLM has signed a strategic partnership with French container ship operator CMA CGM to operate their air cargo capacities together. The agreement could also see CMA CGM acquire up to a 9% stake in the airline group. We take a closer look at what this all means below. Read more here.

Air Canada stops cargo-in-the-cabin preighter flights

aircargonews.net
Air Canada has operated its final cargo-in-the-cabin preighter flight and will now return its temporarily converted fleet of B777s and A330s to passenger service. Read more here.

OCEAN FREIGHT UPDATES

Global container shipping the worst for 50 years reports Drewry

ciffa.com
A continuous deterioration in the accuracy of transit and arrival times in global container shipping means the sector is in the worst state it has been in for 50 years, according to Drewry Shipping Consultants. Read more here.

Alternate, non-Russian rail-sea offerings from China to Europe emerge

splash.com
Intercontinental rail cargo between Asia and Europe has suffered an enormous shock in the near three months since Russia invaded Ukraine. Read more here.

GROUND AND RAIL FREIGHT UPDATES

Electric trucks: Sysco signs for record 800 Freightliner eCascadias

freightwaves.com
Food distribution giant Sysco Corp.intends to purchase up to 800 Class 8 Freightliner eCascadia electric trucks from Daimler Truck North America, by far the largest order of battery-powered tractors in North America to date. Read more here.

Warnings of a tough outlook as US trucker numbers show signs of decline

theloadstar.com
After two years of rapid growth, the number of US trucking operators is set to shrink as a result of takeovers and strong financial headwinds for small operators. Read more here. (Login required)

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

More than 50% of the global ship finance portfolio now covered by the Poseidon Principles

splash.com
Officially launched in June 2019, signatories to the Poseidon Principles – shipping’s green banking initiative – now cover more than 50% of the global ship finance portfolio with news of the latest German firm to come onboard. Read more here.