Newsletter – May 29, 2023

AIR FREIGHT UPDATES

How digitalisation in the airfreight industry is changing global trade forever

aircargonews.net
The future of the airfreight industry is digital, but what does this means for customers and partners?
The airfreight industry has been a critical component of global trade since it first began in 1910.
But with the rise of digital technology, the airfreight sector, like many others, is undergoing a significant transformation and evolution. Read more here.

Airlines that adapt quickly will survive likely freight pain in H2

theloadstar.com
As 2023 soldiers on, the outlook for air freight recovery in the second half appears muted, at best. But airlines claim that the winners will be those that can adapt, and fast.
Rates out of China are now hovering only slightly above pre-Covid levels, according to the TAC Index, which shows its basket down slightly in the past week, with rates now some 48% below 2022 levels. Read more here.

OCEAN FREIGHT UPDATES

Containerships moving at all-time low speeds

splash247.com
Container shipping has been relying on one of its top tricks in its playbook to rein in the worst of the markets by going super slow.
According to Clarksons Research, the container fleet moved at all-time slow speeds in Q1, with analysis from BIMCO suggesting that ships could go slower still. Read more here.

TCRC Ratifies CN Collective Agreement

cn.ca
MONTREAL, May 26, 2023 (GLOBE NEWSWIRE) — CN (TSX: CNR) (NYSE: CNI) announced today that the Teamsters Canada Rail Conference (TCRC) has ratified its collective agreement with the Company. The union represents approximately 6,000 CN Locomotive Engineers, Conductors, Yard Conductors, and Yard Coordinators working in Canada. Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

Retailers outsource ecommerce fulfilment in structural shift

theloadstar.com
Increasingly, e-commerce providers and online merchants are turning to logistics firms to manage their fulfilment.
James Gagne, CEO of Seko Logistics, has seen a “really serious uptick” in a trend that shows companies abandoning their efforts to manage the fulfilment component of their supply chain in-house. Read more here.

What to look for as logistics industry preps for back-to-school season

freightwaves.com
Peak season expectations are some of the most currently discussed topics in logistics, but there is another key consumer metric not being considered: back-to-school shopping season.
Just like ordering for the holidays, this season — which usually runs from mid-July through early/mid-September — follows a similar pattern of calendar predictability. The planning and ordering happens at the same time every year. Read more here.