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[Freightos Weekly Update] China shutdown continues, Corona, and China-US prices

AJOT | February 12, 2020 | Maritime | Liner Shipping

Here’s the latest China-US container rates: • China-US West Coast prices (FBX01 Daily) fell by 2% since last week to $1483/FEU. Rates are 25% behind last year’s prices for this week. • China-US East Coast prices (FBX03 Daily) fell by 1% to $2831/FEU. This rate trails last year’s by 12%.

Boeing to set up a 737 Max simulator in India, key customer says

Bloomberg | February 12, 2020 | Air Cargo | Airlines

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NYSHEX Enhancement Guarantees Direct Container Shipping Service Contracts

AJOT | February 12, 2020 | Maritime | Liner Shipping

The New York Shipping Exchange (NYSHEX), whose vision is to increase ocean reliability through more effective digital contracting, announces today the launch of an enhancement allowing shippers and carriers to utilize the NYSHEX framework and technology to secure, monitor and enforce ocean contracts signed outside of the Exchange.

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5 Best Online Bachelor’s in Supply Chain & Logistics Programs

AJOT | February 12, 2020 | Logistics

Have you chosen to pursue a supply chain management and logistics degree? Whether you choose to pursue a Bachelor’s degree in business intelligence and analytics, or a master’s degree in international trade, you’ll have chosen a rather challenging, but also rewarding field of study.

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Southeastern Freight Lines Promotes David Robertson to Service Center Manager in Wichita Falls, Texas

AJOT | February 12, 2020 | Intermodal | Trucking

Southeastern Freight Lines, the leading provider of regional less-than-truckload (LTL) transportation services, today announced David Robertson has been promoted to service center manager in Wichita Falls, Texas.

Johnson says he still opposes Heathrow Airport expansion

Bloomberg | February 12, 2020 | Air Cargo | Airports

Europe’s hopes for a trade truce turnaround prove fleeting

Bloomberg | February 12, 2020 | International Trade

Europe hits Cambodia with trade sanctions over rights breaches

Bloomberg | February 12, 2020 | International Trade

The world is running short of sugar and top buyer wants more

Bloomberg | February 12, 2020 | International Trade

Cattle battle adds new burden to Trump Middle East peace plan

Bloomberg | February 12, 2020 | International Trade

Vietnam Customs exports plunge 17.4% as coronavirus spreads

Bloomberg | February 12, 2020 | International Trade

South Africa, Zimbabwe to operate one-stop border post in 2024

Bloomberg | February 12, 2020 | Intermodal | Trucking

Virus shuts North Korea’s best route around Trump sanctions

Bloomberg | February 12, 2020 | International Trade

‘Shocking’ Airbus scandal spurs SriLankan to pursue compensation

Bloomberg | February 11, 2020 | Air Cargo | Airlines

Coronavirus is wreaking havoc on global mail delivery
Logistics
Bloomberg | Top Story | February 11, 2020

Coronavirus is wreaking havoc on global mail delivery

In a world dominated by email and smartphones, the shipping industry still relies heavily on paper documents delivered by courier. With people unable or unwilling to travel to China because of the coronavirus, that dependence is wreaking havoc on commodities traders.
Empty booths and gloom shroud virus-hit Singapore Airshow

Bloomberg | February 11, 2020 | Air Cargo | Airlines

FAA’s oversight of Southwest Airlines slammed by watchdog

Bloomberg | February 11, 2020 | Air Cargo | Airlines

CN Rail shipments disrupted on escalating pipeline protests
Intermodal
Bloomberg | Top Story | February 11, 2020

CN Rail shipments disrupted on escalating pipeline protests

Canadian National Railway Co. said it will have to shut down “significant” parts of its network as an Indigenous protest against a west coast pipeline escalates, the latest backlash against the country’s oil and gas industry.
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LATAM Cargo opens two new routes from North America to Central and South America

AJOT | February 11, 2020 | Air Cargo | Freighters

LATAM Cargo, the leader in air cargo transportation to, from, and within Latin America, today announced it will begin service on two new routes dedicated exclusively to cargo originating in the United States, thus increasing capacity from North America to Central and South America.

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