Newsletter – October 7, 2020

AIR FREIGHT UPDATES

Rising air freight load factors and rates a ‘toxic combination’ for shippers

theloadstar.com

High load factors, air freight rates and uncertainty is a “toxic combination” for shippers as the air cargo market continues to grow.

According to the latest data, volumes are flowing back into air freight and prices are rising while the industry waits to see what is in store for the ‘peak’ period. Read more here.

How COVID Will Make Aviation A Better Industry

simpleflying.com

COVID has pressed pause on the exponential growth of aviation globally. For some industry experts, this is a good thing. Lufthansa CEO Carsten Spohr believes that COVID will, eventually, make aviation a better industry. Here’s why. Read more here.

OCEAN FREIGHT UPDATES

Maersk and Hapag push up Asia rates

container-news.com

Maersk Line and Hapag-Lloyd have announced rate increases out of Asia to a number of destinations in North America and Africa.

In the first instance, the carrier will apply higher rates from Pakistan, United Arab Emirates (UAE) and the Indian Subcontinent to North America, effective from 1 November. Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

Transportation capacity hits new lows, ‘no relief in sight’ for pricing

freightwaves.com

A September supply chain survey shows transportation capacity has reached new lows. The Logistics Managers’ Index (LMI), a survey of leading logistics executives, showed capacity fell to new lows, dipping another 770 basis points during the month to a 23.8% reading. Read more here.

Retailers speed up holiday plans in a daunting year

insidelogistics.ca

Prepare to buy your boughs of holly early this year – or just have them delivered – as store owners adjust to a holiday season that may prove far from jolly.

Retailers are ramping up plans for a transformed Christmas shopping season in response to the COVID-19 pandemic, with strategies to draw buyers early, step up their e-commerce game and convince consumers to buy gifts for far-flung friends and family. Read more here.

Hurricane Delta hits Mexico, eyeing US landfall soon (with forecast video)

freightwaves.com

Hurricane Delta landed in Mexico’s Yucatán Peninsula early Wednesday. It hit as a Category 2 storm with winds of 100 mph. Delta is the 25th named storm of the 2020 Atlantic season and the ninth hurricane.

Delta will likely weaken as it moves across Mexico. But after entering the warm waters of the southern Gulf of Mexico later today or tonight, it will likely get stronger, possibly up to Category 4 status by late Thursday. Read more here.