NEWSLETTER – OCTOBER 19, 2022

AIR FREIGHT UPDATES

Digitisation removes the key pain points of air cargo charter

aircargoweek.com
CharterSync, which celebrated three years of disruptive digitisation earlier in 2022, has truly embraced the ability of technological innovation to transform the charter sector into a more effective and efficient industry. Read more here.

US airports need a $5bn government injection to upgrade cargo infrastructure

theloadstar.com
Air cargo organisations are urging the US government to inject up to $5bn more to tackle an “infrastructure crisis”.
The Airforwarders Association (AfA) and National Customs Brokers and Forwarders Association of America are calling for an “air cargo support fund” in a white paper surveying the economic importance of the sector. Read more here (login required).

OCEAN FREIGHT UPDATES

Ship traffic hit by latest covid outbreak in Ningbo

splash247.com
A bout of covid-inspired lockdowns at the world’s largest port is having an impact on vessel traffic, despite Chinese authorities insisting volumes are normal.
A covid outbreak was first detected in Ningbo on Thursday last week, with a district, Daxie, quickly placed in lockdown over the weekend. By Monday, however, the outbreak had spread to Beilun, an area that houses the most amount of terminals at the Port of Ningbo-Zhoushan, the world’s largest port in overall tonnage terms and third largest when it comes to containers. Read more here. 

Black Friday is so 2020 — welcome to the longest holiday shopping season ever

freightwaves.com
For years, American shoppers flocked to stores on Black Friday — the day after Thanksgiving when deals were as abundant as drivers clogging roadways to get to their favorite stores.
Then came Cyber Monday, the Monday after Black Friday when online deals dominated the shopping universe. On July 15, 2015, Amazon changed the equation again with its first-ever Prime Day. Walmart (NYSE: WMT) and Target (NYSE: TGT) soon followed with special online sales days. Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

Australian shippers cry foul over liners’ ‘exorbitant’ million-dollar charges

theloadstar.com
Australia’s Freight and Trade Alliance (FTA) has accused container carriers of extorting millions of dollars from its members through “exorbitant and unfair” charges.
Together with the Australian Peak Shippers Association (APSA), the FTA lodged a formal submission with the country’s Productivity Commission and supplied evidence that it claims shows traders are paying upwards of A$500m ($315m) in access, and A$500m in detention, charges. Read more here.

Manufacturing numbers point to slowdown

insidelogistics.ca
Canadian manufacturing sales fell for the fourth month in a row last August, dropping by 2.0 percent month over month, but were up 18.2 percent over 2021 in August.
This was a larger drop than Statistics Canada’s estimate of 1.8 percent. Meanwhile, sales in constant dollars declined by 1.7 percent, after two straight months of growth, though are up 4.8 percent year over year. Read more here.