Newsletter – October 5, 2018

AIR FREIGHT UPDATES

Transpacific rates breach $4 per kg mark as industry heads towards peak

aircargonews.net

Airfreight rates continued to track ahead of 2017 levels in September as the industry prepares for what is expected to be a busy peak season. Read more here.

Global air freight growth drops 2.3pc in June protectionism rises

seanews.com.tgr

THE global air cargo traffic growth rate slowed to 2.3 per cent year on year in June, resulting in year-to-date growth of 4.8 per cent, according to data published by Montreal’s Airports Council International (ACI). Read more here.

American Adds New Routes, Destinations For 2019

news.airwise.com

American Airlines announced its 2019 schedule, with 19 new routes, mainly adding services at its Dallas-Fort Worth hub. Read more here.

OCEAN FREIGHT UPDATES

IMO’s 2020 sulphur emissions ban to cause major disruption: OPEC

seanews.com.tr

THE Organisation of Oil Exporting Countries (OPEC) has warned that the enforcement of the extremely low-sulphur fuel use from January 1, 2020 ‘will be disruptive to both the shipping and refining sectors’, reports American Shipper. Read more here.

CANADA BUSINESS GOVERNMENT UPDATES

Still ‘a long way to go’ in Canada Post contract dispute, union says

Ottawa, ON — The union representing 50,000 employees at Canada Post panned the latest contract offers from the corporation Thursday, calling them “disappointing” and keeping alive the threat of a work stoppage as the busy holiday online shopping season approaches. Read more here.