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BBC News
The damage to the global economy this year will be less than previously expected, but still "unprecedented", a leading international body says.
The Organisation for Economic Cooperation and Development now predicts a decline of 4.5% in 2020, versus the 6% drop forecast in June.
It means it no longer expects the UK to have the deepest contraction of the major G20 economies this year.
But the 10.1% drop would still make Britain one of the hardest hit.
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CNBC
China will likely become the world's largest economy in a few years and it is preparing itself for major shifts in international trade.
In a world rocked by the coronavirus pandemic and tensions with the U.S., the Chinese government has come out with yet another batch of policy terms to bolster its own economy, this time under the vague umbrella of "dual circulation."
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Science Daily
Seeds that float in the air can hitchhike in unusual places — like the air-intake grille of a refrigerated shipping container. A team of researchers from the USDA Forest Service, Arkansas State University, and other organizations recently conducted a study that involved vacuuming seeds from air-intake grilles over two seasons at the Port of Savannah, Georgia.
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American Shipper
At the American Shipper Global Trade Tech summit, Cambridge Capital managing partner Ben Gordon and operating partner Essa Al-Saleh spoke in a fireside chat, discussing trends within the logistics industry and the factors the venture capital firm looks for in a startup before investment.
Al-Saleh moved to Cambridge Capital after a long stint at global logistics firm Agility. While at Agility, Al-Saleh transformed the then-company with a market presence only within Kuwait to a $5 billion company with operations in over 100 countries today.
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AAR
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending September 12, 2020.
For this week, total U.S. weekly rail traffic was 474,785 carloads and intermodal units, down 9.9 percent compared with the same week last year.
Total carloads for the week ending September 12 were 214,142 carloads, down 15.2 percent compared with the same week in 2019, while U.S. weekly intermodal volume was 260,643 containers and trailers, down 5 percent compared to 2019.
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American Shipper
Airlines moved vulnerable aircraft out of harm's way ahead of Hurricane Sally's Gulf Coast landfall, but some will have to ride out the storm on the ground.
The large number of parked aircraft due to passenger flight suspensions associated with the COVID-19 pandemic poses an extra challenge for airlines and airports during hurricane season.
They're implementing detailed playbooks to protect planes, but the workload is magnified when airlines store planes that are out of service.
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By Matt Falcus
A clash has recently developed between British Airways owners IAG and London Heathrow Airport after it was revealed that the airport can pass on the bill for the money it spent on its failed third runway proposal to its airlines.
Plans to expand Heathrow with a third runway have been in the works since the 1970s, but in recent years a major push to gain approval was undertaken.
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Lloyd's Loading List
Forwarders are increasingly taking 'pre-emptive action' to guarantee space for customers during the looming peak season and beyond, with the already-diminished capacity expected to tighten further in the coming months.
Air charter broker Chapman Freeborn's head of cargo, Pierre Van der Stichele, told Lloyd's Loading List that customers have been signing higher-than normal levels of mid- and long-term leases on freighter aircraft, amid concerns that space shortfalls may worsen with any vaccine launch.
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Freight Waves
A hacking group posted data stolen from Manitoulin Transport, one of Canada's largest trucking companies, in the latest in a string of ransomware attacks targeting firms in the country’s supply chain.
The Ontario-based carrier became aware of the attack on July 31, when some of its personnel reported systems access issues, Manitoulin Transport President Jeff King told FreightWaves.
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The Loadstar
Menzies Aviation has apologised to customers for what one described as "absolute turmoil" in its Heathrow (LHR) facility, and said it was working hard to fix the problems.
Forwarders and truckers told The Loadstar freight had been waiting at the facility for a week, in "an absolute mess."
The congestion happened as Menzies took over Qatar Airways Cargo handling from Dnata, on 2 September with a new long-term contract. Some 60 staff switched to Menzies from Dnata.
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Transport Topics
Daimler Trucks announced hydrogen fuel cell heavy-duty trucks with a range of 621 miles (1,000 kilometers) on a single tank will be a key element of its global electrification strategy aligned with the goals of the Paris Climate Protection Convention.
Daimler Trucks plans to begin customer trials of the hydrogen fuel cell GenH2 Truck in 2023 with series production to start in the second half of the decade, according to a company release.
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Freight Waves
Three safety groups and the International Brotherhood of Teamsters are suing the Federal Motor Carrier Safety Administration (FMCSA) in federal court in an effort to rollback changes made to driver hours-of-service rules scheduled to go into effect on Sept. 29.
Advocates for Highway and Auto Safety, Parents Against Tired Truckers (PATT), Citizens for Reliable and Safe Highways (CRASH), and the Teamsters filed the petition Wednesday with the U.S. Court of Appeals for the District of Columbia Circuit. The petition notes that the FMCSA in August denied the group’s petition for reconsideration.
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Offshore Energy
In an effort to help reduce container-related incidents aboard ships, five international freight transport and cargo handling organisations have decided to produce new guidance on packing standards for freight containers and other cargo transport units.
The Container Owners Association (COA), the Global Shippers Forum, the International Cargo Handling Co-ordination Association (ICHCA), the TT Club and the World Shipping Council (WSC) are co-operating on a range of activities to further the adoption and implementation of crucial safety practices throughout the global supply chain.
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South China Morning Post
The slump in China's worldwide trade showed further signs of recovery in the first two weeks of September as activity at major ports grew despite weaker global demand and the pressure of the relocation of supply chains, according to data from the China Ports & Harbours Association.
In the first 10 days of September, combined international and domestic container traffic at Chinese ports rose 9 per cent from the same period a year earlier, with international activity growing by 16.5 per cent.
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Chamber of Commerce
Canadian grain shipments through the Great Lakes-St. Lawrence Seaway trade corridor are up 20 per cent in response to continuing world demand for wheat and canola, the latest figures show.
Year-to-date shipments of grain (from April 1 to August 31) totaled 5.2 million tonnes, as ships transported Prairie wheat and canola and Ontario wheat and soybeans for both domestic use and for export to markets around the world.
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The Loadstar
Maersk has reportedly reduced its planned mid-September transpacific GRIs, thought to be due to China's move to step in to reduce freight rates on the trade.
Last week, Zest Shipping Media reported that Chinese authorities planned to interfere in pricing and capacity management on the transpacific as rates soared to record highs.
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Port Technology
An increase in Chinese exports is one of the main drivers leading to a post-pandemic recovery for ports and terminals.
According to Drewry despite a significant downturn in the first and second quarters of 2020 there are "early signs of hope for the third quarter", largely because China has taken the first steps towards recovering. The Chinese port index in June stood 1.2% higher than it did at the same point in 2019.
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