Newsletter – May 3, 2023

AIR FREIGHT UPDATES

Air Canada Cargo’s newbuild 767 freighters arrive

aircargonews.net
Air Canada Cargo has taken delivery of two newbuild Boeing 767-300 freighters.
The freighters are expected to enter service soon said Air Canada Cargo on May 2.
“We are thrilled to see our two factory-built Boeing 767 freighters land in Toronto for the first time today, joining our growing freighter fleet,” said the carrier in a LinkedIn post. Read more here.

US-China Flight Dispute: What’s The Latest?

simpleflying.com
Non-stop flights between North America and Asia have increased significantly compared to the capacities offered last year, with several legacy carriers offering at least 90% more seats from this coming June through August than they did the previous year. New airlines have also begun serving the US from Asia, further signaling a stronger recovery in the North America-Asia capacity. Read more here.

OCEAN FREIGHT UPDATES

New by name: China’s latest liner entrant makes waves

splash247.com
ne of China’s latest entrants into liner shipping has a name to reflect its status.
Newnew Shipping is one of a host of new local container brands servicing the China – Russia tradelane.
Newnew is a subsidiary of Torgmoll, a logistics group, with Alphaliner reporting it has recently bought the 3,700 teu, 2007-built Northern Debonair for $15m from German interests. This is the third ship Newnew has bought in recent months and will serve on the company’s China- Baltic & Black Sea service. Newnew also has a China – Russia Far East service. Read more here.

GROUND AND RAIL REIGHT UPDATES

Battery supplies, charging infrastructure are lacking: O’Leary

trucknews.com
Battery-electric vehicles are proving their worth, but the head of North America’s largest truck manufacturer recognizes significant gaps that remain in battery supply chains and charging infrastructure alike.
“There’s really no battery industry to speak of,” Daimler Truck North America president and CEO John O’Leary said during a media briefing at ACT Expo in California. Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

U.S. layoffs have hit their highest level in two years

globalnews.ca
U.S. job openings fell for a third straight month in March and layoffs increased to the highest level in more than two years, suggesting some softening in the labour market that could aid the Federal Reserve’s fight against inflation.
Still, the labour market remains tight, with the monthly Job Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department on Tuesday showing 1.6 vacancies for every unemployed person in March. That compared to 1.7 in February. Read more here.