Newsletter – November 9, 2018

AIR FREIGHT UPDATES

Halifax Stanfield re-opens after SkyLease 747 freighter overruns the runway

aircargonews.net
Halifax Stanfield Airfield has re-opened after a Boeing 747-400 freighter operated by SkyLease came off the runway early this morning.
The airport said the incident occurred at 5.05am local time when the aircraft (Flight KKE 4854/Reg 908AR) came in to land from Chicago, going off the end of runway 14/32.  Read more here. 

Airfreight rates on key trades reach new highs for 2018

aircargonews.net
Airfreight rates on the transpacific and Asia-Europe lanes continue to improve in October despite capacity growth outstripping demand improvements.
Figures from TAC Index show that prices on services from Hong Kong to North America reached an average of $4.80 per kg in October, the highest level of the year so far and 18.5% up on last year.  Read more here.

OCEAN FREIGHT UPDATES

CIFFA Gathers Average Container Exam Costs for 2018

CIFFA
For the past few years, CIFFA, as a result of a joint initiative with the CBSA, has been capturing container exam invoices in order to conduct an analysis of bottlenecks in the processes, and to push for transparency of process flows and standards.
This year again, CIFFA has compiled an update of data around members’ container exam costs for 2018.
In May and June of 2018, CIFFA asked for examples of container exam invoices.
On a regular basis, CIFFA receives complaints of long delays in container examinations –with associated high costs.
The association’s aim in collecting the data is to help support the development of a more cost-effective examination model across the country to reduce financial hardship on importers and exporters.
Data for the cities of Montreal and Vancouver is below:

MONTREAL

VANCOUVER

Total number of containers reported: 6

Total number of containers reported: 11

Highest cost $3,156.24

Highest cost $7,408.69

Lowest cost $524.93

Lowest cost $577.00

Average cost $1,808.09

Average cost $2,949.25

GROUND AND RAIL FREIGHT UPDATES

Entry of heavy and medium goods vehicles into Delhi banned for three days

economictimes.indiatimes.com
The entry of heavy and medium goods vehicles into the national capital will be banned for three days beginning 11 pm on Thursday night as Delhi’s air quality worsened to the “severe-plus emergency” category following cracker burning on Diwali.
Read more here. 

CANADA BUSINESS – GOVERNMENT UPDATES

Canada crude collapses amid lack of rail cars in Alberta to move oil exports

transportweekly.com
The Government of Alberta is seeking ways to boost the volume of crude oil transported by rail out of Canada as a lack of available space on pipelines out of western Canada has contributed to record low prices for the nation’s crude versus international benchmarks, according to Shipping Gazette. Read more here.