Newsletter – May 4, 2021

AIR FREIGHT UPDATES

Berlin’s Airport Authority Reports $1.28 Billion Loss For 2020

simpleflying.com
While 2020 was the year that Berlin’s beleaguered new airport finally opened, it seems as though the year wasn’t great from a financial point of view. Last week the city’s airport authority revealed that it had experienced a loss of €1.058 billion ($1.276 billion) for the 2020 financial year. Read more here.

OCEAN FREIGHT UPDATES

Container contract system broken – BCOs steer toward short-term deals

theloadstar.com
BCOs will commit 25% less volume to long-term contracts this year, sending almost twice as much via short-term and spot deals.
“This strategy will leave carriers with fewer contracted, forecasted containers and BCOs spending more time and resources renewing and negotiating contracts this year, even as prices for those may increase anyway,” says a report by Freightos Research published today. Read more here (login required).

Montreal Port Auhtority President and CEO Hails Resumption of Activities at Port of Montreal

port-montreal.com
After the past few weeks of uncertainty and the labour dispute between the dockworkers’ union CUPE Local 375 and the Maritime Employers Association, the Port of Montreal team resumed operations over the weekend with a sigh of relief. Read more here.

Canada – Advanced Commercial Information requirements for commercial shipments

hapag-lloyd.com
We would like to remind you about the new Canada Border Services Agency (CBSA) regulations on the following requirements for imports into Canada:
Requirements for imports into Canada/:
Under the Advanced Commercial Information and eManifest initiatives, carriers must provide electronic cargo and conveyance data to the Canada Border Services Agency (CBSA) in advance of their arrival at the Canadian border. Read more here.

GROUND AND RAIL FREIGHT UPDATES

Port of Montreal volumes down for first time in seven years

insidelogistics.ca
The Covid-19 pandemic, a dockworkers strike and a rail blockage hit the Port of Montreal, which saw its cargo volumes fall in 2020 for the first time in seven years.
The port says its volumes fell 14 percent to 35.1 million tonnes last year.
As a result, its net profit was cut almost in half to $16.7 million, compared with $31.9 million a year earlier, the port said at its annual meeting. Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

How complacency harms US manufacturers

freigthwaves.com
I think everyone would agree that manufacturing represents the best of us – infusing the economy with good jobs, good pay, and a path to a secure future for millions of Americans. That’s why it’s so hard to watch an industry I care so deeply about sluggishly respond to the worldwide shift to e-commerce.
The numbers are pretty astounding. Today, 8 out of 10 manufacturers still primarily depend on their internal sales team to drive revenue; and less than 1 out of 5 offer a digital buying experience. It’s no surprise that buyers prefer to source, vet and purchase from suppliers they find online, yet manufacturers continually fail to meet them there. Read more here.

When B2B becomes B2C

insidelogitics.ca
The pandemic-fuelled e-commerce boom is proving to be a challenge for traditional retailers and business-to-business sellers alike. A trio of executives from 3PL Kenco discussed the challenges facing traditional B2B businesses in this environment, and offered suggestions for successful adaptation. Read more here.