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WTO
The WTO Secretariat has published a new information note warning of possible increases to trade costs due to COVID-19 disruptions. The note examines the pandemic's impact on key components of trade costs, particularly those relating to travel and transport, trade policy, uncertainty, and identifies areas where higher costs may persist even after the pandemic is contained.
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Bloomberg
President Donald Trump said he called off last weekend's trade talks with China, raising questions about the future of a deal that is now the most stable point in an increasingly tense relationship. "I canceled talks with China," Trump said in Yuma, Arizona. "I don't want to talk to China right now."
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AAR.org
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending August 15, 2020.
For this week, total U.S. weekly rail traffic was 500,563 carloads and intermodal units, down 6.9 percent compared with the same week last year.
Total carloads for the week ending August 15 were 222,353 carloads, down 15.9 percent compared with the same week in 2019, while U.S. weekly intermodal volume was 278,210 containers and trailers, up 1.9 percent compared to 2019.
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Progressive Railroading
Snow and ice buildup underneath a rail led to the derailment in February of a CN crude-oil train in Emo, Ontario, according to a Transportation Safety Board of Canada (TSB) report.
The train derailed Feb. 18 on a curve as it traveled from Winnipeg to Fort Frances, Ontario, on CN's Sprague and Fort Frances subdivisions,TSB officials said in their report. The train was hauling 144 freight cars, 33 of which left the track. Some of the cars spilled crude oil.
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CIFFA
The work stoppage at the Port of Montreal has resulted in the rerouting of a significant volume of local Montreal traffic to CN's Montreal Intermodal Terminal for local delivery. As a result, CN has been experiencing higher ground counts for the past few weeks, which is impacting the fluidity and throughput at the Montreal Intermodal Terminal.
To accommodate this incremental volume of diverted traffic, CN is opening another satellite terminal in Montreal, at:
515 Boulevard des Erables, Salaberry-de-Valleyfield, QC J6T 6G3
Hours: Monday to Friday – 06:00 to 18:00, Saturday and Sunday – 07:00 to 16:00
In terms of billing and customs, nothing will change. Customers whose traffic will be diverted to Valleyfield will be updated one day prior.
Transport Topics
FedEx Corp. is joining a rush to apply extra holiday fees on high-volume shippers as couriers brace for a new jump in residential deliveries during the year-end peak season.
Surcharges on regular shipments to homes will range from $1 to $5 from Nov. 2 to Jan. 17, FedEx said on its website Aug. 18.
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Today's Trucking
When economies around the world ground to a sudden halt due to the global COVID-19 pandemic, transport-related emissions also largely vanished.
Suddenly, distant mountain ranges came into view, NASA video from space was clearer and cities like New Delhi were under uncharacteristically blue skies. That could be a permanent benefit of adopting zero-emissions transportation technologies, Ryan Laskey, senior vice-president, Dana's Commercial Vehicle Group, pointed out during ACT Virtual, this year’s digital version of ACT Expo.
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By Matt Falcus
London City Airport, in the heart of the U.K. capital, has put its part-completed development plans on hold until "demand returns" following a difficult time for the aviation industry and airports. In its City Airport Development Plan (CADP) update, issued on Aug. 13, it was announced that a decision has been made to temporarily pause the long-term project at the end of this year once current works have been completed.
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Air Cargo Week
The International Air Cargo Association and Pharma.Aero have joined forces to develop global guidance for the air cargo industry to enable optimal transportation of the COVID-19 vaccine.
The guidance will be developed gradually in four work packages through a joint working group.
In the past few months, airfreight has demonstrated its vital role in the global economy and distribution of essential medical supplies.
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American Shipper
The air cargo market is building up pricing momentum towards the fourth quarter, putting all-cargo carriers and airlines with cargo-only passenger freighters in a strong position relative to shippers.
Freight rates have climbed since early July with the slow return of international passenger capacity combined with consistent growth in cargo shipments as the global economy, notably in China, continues to recover from coronavirus.
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Quartz
A successful coronavirus vaccine is no good to anyone sitting in a lab. The next phase: sending shots around the world and into the arms of the global population.
The unprecedented logistical challenge of delivering more than 15 billion Covid-19 vaccines will be made even harder by the drop in passenger flights as people stay home during coronavirus.
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American Shipper
It took the Federal Aviation Administration two months to authorize U.S. airlines to remove seats from passenger aircraft for cargo purposes. Air Canada (TSX: AC) received its governmental OK in a week.
Industry urgency to innovate also was greater north of the border. Canada’s flag carrier was already flying cabin-loaded flights by mid-April, one month before U.S. carriers even applied through their trade association to remove seats from their airplanes.
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The Loadstar
A key indicator of the health of the container shipping industry, Alphaliner's fortnightly idle tonnage report, has recorded a further sharp drop in inactive capacity.
As of 3 August, 2020, another 49 ships, with a total capacity of 350,000 teu, had found employment during the two-week period, taking the idle fleet to 264 vessels for 1.2m teu, representing 5.1% of the global fleet.
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American Shipper
The good news is that container shipping looks like it will weather the coronavirus crisis. The even better news is that COVID-19 has accelerated and solidified a new, more resilient business formula for the industry.
Recently, the owner of the world's largest container line, A.P. Moller-Maersk (APM, Copenhagen: MAERSK-B), posted stronger-than-expected results for the second quarter — the very quarter the coronavirus was peaking.
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The Loadstar
Container shipping costs and service levels are at risk of spiralling out of control, according to Drewry.
As well as a massive withdrawal of capacity since the start of the Covid-19 crisis — 468 blanked departures on east-west trades — the analyst said schedule reliability had been "extremely low".
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Inside Logistics
Shippers need to take a more proactive approach to tracking ocean carrier performance to avoid some of the lasting effects the Coivd-19 pandemic has had on capacity. In a webinar today, Drewry Supply Chain Advisors suggested that keeping better track would help shippers avoid cargo roll-overs and consequent delays.
Carriers cancelled 468 departures between January and August 2020 on east-west routes.
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