Newsletter – September 28, 2020

AIR FREIGHT UPDATES

Peak shipping season for air cargo heats up to full boil

freightwaves.com

The peak of the peak season is in full swing for international airfreight. For buyers, that means higher costs and delays finding available slots for air and ocean shipments, while transportation and logistics providers reap bigger profits per load. Read more here.

OCEAN FREIGHT UPDATES

CMA CGM cites ‘internal IT infrastructure issue’ as sites go down

splash247.com

CMA CGM has become the latest global carrier to be hit hard by IT issues with clients waking up this morning to find many of the brand’s global sites down.

In a note sent to clients in Australia, seen by Splash, CMA CGM and its local subsidiary ANL said some of its IT applications are unavailable today due to what the group described as an “internal IT infrastructure issue”. Read more here.

Transpacific rates bull run takes a breath as Golden Week holiday looms

theloadstar.com

Container spot rates on the transpacific eased back this week, suggesting the bull run on the trade may be ending.

Today’s final publication of the Shanghai Containerized Freight Index (SCFI) before the Chinese Golden Week holiday recorded an $11 decrease for rates to the US west coast, to $3,856 per 40ft, and down $9, to $4,625, to the east coast. Read more here.

CANADA BUSINESS – GOVERNMENT UPDATES

Port of Montreal wins AAPA award

insidelogistics.ca

As part of its 2020 Together Apart Annual Convention and Expo this week, the American Association of Port Authorities (AAPA) recognized 28 port authorities in its annual Environmental Improvement, Facilities Engineering, Information Technology and Communications awards programs. Read more here.

Porter Airlines Flies First Flight Since March

simplefyling.com

Porter Airlines suspended operations on March 21st following the impact of the global health crisis. However, there has been some action this month as the Canadian regional carrier has restarted flights across three cities in the country. Read more here.