Newsletter – January 6, 2020

AIR FREIGHT UPDATES

Cargo airports fly with e-commerce

aircargonews.net

Montreal’s Mirabel airport is gearing up for some infrastructure improvements.

Canada’s federal government and the local airport authority have pledged to contribute altogether C$107m ($81.24m) to the project, which will go towards the construction of a 20,000 sq m cargo terminal, new parking positions for 13 freighters and improvements in road access to the airport. Read more here.

WestJet Boeing 737 Slides Off Runway At Halifax Airport

simpleflying.com

Flight WS248 was flying into Halifax amid snowy and icy conditions on Sunday. The plucky Boeing 737-800 was pushing north from Toronto on a two-hour journey. Read more here.

OCEAN FREIGHT UPDATES

Outlook 2020: Top questions for ocean shipping

freightwaves.com

Ocean shipping begins the year with unusually high optimism in the crude-tanker sector and very strong sentiment in the product-tanker and liquefied petroleum gas (LPG) segments. Read more here.

GROUND AND RAIL FREIGHT UPDATES

Canadian Pacific wraps up Central Maine & Quebec Railway acquisition

seanews.com.tr

CANADIAN Pacific (CP) has closed the transaction related to the acquisition of the Central Maine & Quebec Railway (CMQ). The acquisition of CMQ in the US still requires Surface Transportation Board approval. Read more here.

How does weather impact supply chains?

freightwaves.com

Major weather events such as hurricanes, blizzards, and historic flooding can produce immediate volatility as well as lasting effects on supply chains, depending on where they hit. Besides the obvious results of every day/short-term weather – possible shutdowns of local/ regional supply chains and potential closures of roads, businesses and government offices – intense and long-term weather events have a bigger effect on supply, demand and freight rates. Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

Common reasons overseas shipping gets held up around the holidays

freightwaves.com

It’s all about convenience, and shipping companies know it. Consumers want stuff – and they want it now. Two years ago, Amazon shipped more than five billion items through its Prime program, which includes free same-day, one-day or two-day shipping. Read more here.

Cost of noncompliance with US trade regulations rises

freightwaves.com

The U.S. Commerce Department has increased the penalty amounts for violations involving export control regulations in line with inflation and “to maintain their deterrent effect.” Read more here.