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.TOP NEWS
Big firms eye Canada COVID-19 vaccine distribution plans
American Shipper
With plans to begin distributing COVID-19 vaccines in January, the Canadian government appears to have no shortage of companies interested in the massive, and potentially lucrative, logistics undertaking.
Representatives from 74 companies attended a bidders' conference recently, where federal officials laid out the complex requirements for transporting as many as 358 million vaccine doses from manufacturers to locations across Canada. Among the companies attending were major logistics providers UPS, FedEx, DHL, Purolator, C.H. Robinson, TFI International, Air Canada, Bollore, Kuehne + Nagel, Bison Transport and Challenger.
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'It's going to be hell': How brands are preparing for the logistical nightmare of holiday shipping
Glossy
The massive upswing in e-commerce shopping this year, spurred by the closure of stores for several months, has been a nightmare for shipping services. FedEx's CMO Brie Carere said the company has seen Black Friday/Cyber Monday levels of delivery needs practically every day since March, a sentiment echoed by e-commerce companies like TechStyle. In less than a month, Black Friday and the following Cyber Week will be here, for real.
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Hong Kong takes formal WTO action On US 'Made in China' order
AJOT
The Hong Kong government is taking formal action at the World Trade Organization against the U.S. over pending regulation that the city label goods manufactured there as "Made in China."
Hong Kong has launched procedures under the WTO's dispute settlement mechanism requesting a bilateral consultation with the U.S., Secretary for Commerce and Economic Development Edward Yau said at a press briefing recently.
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Quasar is an end-to-end supply chain optimization platform that enables the management and cost control of the supply chain for shippers. It’s a fully cloud enabled and digital platform designed to automate manual effort in tracking assets, as well as provide data and insights into how to optimize the supply chain from “order to cash.”
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.RAIL
Rail traffic for October and the week ending October 31, 2020
AAR
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending October 31, 2020, as well as volumes for October 2020.
U.S. railroads originated 912,772 carloads in October 2020, down 6.6 percent, or 64,634 carloads, from October 2019. U.S. railroads also originated 1,169,874 containers and trailers in October 2020, up 10.0 percent, or 105,966 units, from the same month last year. Combined U.S. carload and intermodal originations in October 2020 were 2,082,646, up 2.0 percent, or 41,332 carloads and intermodal units from October 2019.
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CP announces best-ever month for Canadian grain transport, exceeds 3 MMT for first time
CP
Canadian Pacific set a new record for shipping Canadian grain and grain products in October, with 3.04 million metric tonnes (MMT) moved, the first time ever CP has exceeded 3 MMT in a month. This exceeds the highest-ever record for a month, set in April 2020, by 6.9 percent. It also betters the previous October record of 2.66 MMT, set in 2019, by 14.2 percent.
"CP's customers are managing strong and healthy supply chains to the ports, where new and expanded terminal capacity is facilitating very strong flows of grain," said Joan Hardy, CP Vice-President Sales and Marketing Grain and Fertilizers.
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Moody's upgrades freight-rail industry outlook for 2021
Progressive Railroading
Moody's Investors Service has upgraded its outlook for the North American rail industry from "negative" to "stable" as freight-rail volumes continue to recover from the pandemic-driven drop.
Revenue is expected to grow by 4.25% to 6% over the next 12 to 18 months, as freight volumes improve, Moody's Vice President Rene Lipsch said in the firm's Oct. 29 research report.
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.TRUCKING
Volvo reveals ambitious electrification strategy
Today's Trucking
Volvo Trucks has announced it will offer its VNR Electric in the U.S. and Canada beginning Dec. 3.
The truck will enter production in early 2021 at Volvo's Dublin, Virginia, manufacturing plant.
"Volvo Trucks is committed to lead the commercial transport industry towards more sustainable solutions by advancing electromobility. We will continue to invest in and drive the development of this technology, both globally and right here in North America," said Peter Voorhoeve, president of Volvo Trucks North America.
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Are your drivers getting enough sleep?
Heavy Duty Trucking
Even though it's slightly overshadowed by that other big national event this week, the National Sleep Foundation reminds us that this week (Nov. 1-8) is Drowsy Driving Prevention Week. NSF says drowsy driving is reaching epidemic proportions in 2020, with an estimated 100,000 police-reported crashes involving drowsy driving every year in the U.S. According to one report from the Governors Highway Safety Association, an estimated 5,000 people died in 2015 in crashes involving drowsy driving.
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.AIR
Air cargo momentum builds; air travel stumbles
American Shipper
Airlines continued to rehabilitate cargo business in September, but the air travel recovery from the coronavirus pandemic is stalling, the industry’s leading trade group said Wednesday. The backslide in passenger growth due to the disease’s resurgence will reduce aircraft capacity for companies with goods to ship.
The air cargo sector has retained 92% of its business while almost 90% of passenger demand has evaporated because of travel fears and government restrictions.
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Air Cargo Market Analysis:
Recovery in air cargo modestly accelerated in September
IATA
The pace of recovery in air cargo volumes accelerated slightly in September. Industry-wide cargo tonnekilometres (CTKs) contracted by 8% year-on-year — a solid improvement on 12.1% decline in August. In month-on-month terms (blue line in Chart 1), CTKs picked up by 3.7%, which represents the fastest increase since May.
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Air cargo momentum builds; air travel stumbles
American Shipper
Airlines continued to rehabilitate cargo business in September, but the air travel recovery from the coronavirus pandemic is stalling, the industry's leading trade group said Wednesday. The backslide in passenger growth due to the disease's resurgence will reduce aircraft capacity for companies with goods to ship.
The air cargo sector has retained 92% of its business while almost 90% of passenger demand has evaporated because of travel fears and government restrictions.
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5 air cargo sustainability trends for 2021
American Shipper
Nothing expresses the importance of air cargo quite like the International Air Transport Association’s (IATA) "Ode to Air Freight." An estimated 7.4 billion parcels are flown each year, and approximately 2.5 million lives are saved every year thanks to vaccines shipped via air, according to the IATA.
Air transport is responsible for 2% of global carbon emissions. As government regulations evolve and public support to fight climate change increases, aviation companies are looking for new strategies to offset the negative impacts of air freight on the environment.
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.MARINE
ICS: Every ship's efficiency rating will be made public
Splash247
The 'A' to 'E' operational efficiency rating of every ship above 5,000 gt will be made fully public and updated on an annual basis, according to the International Chamber of Shipping (ICS). This rating system could be adopted as soon as IMO's MEPC 75 meeting which starts on November 16, with further guidelines filled out at MEPC 76 next year.
"These ratings will be in the public domain and so visible to all," an ICS spokesperson commented.
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'Near-record' import volumes slow BC port flow
JOC
An October surge in imports from Asia, coupled with rail-related disruptions, are generating delays and excessive container dwell times at the Canadian ports of Vancouver and Prince Rupert.
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ONE makes giant leap in quarterly profit
American Shipper
Ocean Network Express (ONE) reported Friday that its quarterly profit "significantly increased" — by a whopping 326%.
The Singapore-based container carrier said the profit for the second quarter of its 2020 fiscal year was $515 million, a $394 million leap from the $121 million profit in the same period last year. ONE’s fiscal year runs from April 1 to March 31.
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Shippers should plan for higher ocean freight contract prices
Lloyd's Loading List
Cargo owners should start planning for an upwards correction in long-term ocean freight contract prices, according to container shipping consultancy Sea-Intelligence, which believes the current levels of contract rates are not high by historical standards and that the low rates enjoyed by customers in recent years are the "aberration".
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Port of Halifax to conduct review of 'unacceptable' Dwell and revise operating procedures
Axxess International
The Halifax Port Authority issued the following notice to customers on October 30:
We recognize that this has been a challenging time for all our valued customers, and we thank you for your patience and understanding as we tried to assist in relieving an untenable situation impacting the supply chain.Both Halifax container terminals are now current and fluid. While import volume remains strong, with the impact from the industrial action in Montreal behind us the expectation is for minimal on-dock dwell going forward.
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Matson offers inside glimpse of trans-Pacific pandemonium
American Shipper
"To give you a sense of the demand right now, we are turning away — each week — more cargo than we are carrying," revealed Matson CEO Matt Cox, referring to the scramble for slots on his company's two China-U.S. services.
During a conference call with analysts Monday after market close, Cox provided a frontline view of the torrid bookings, import drivers and tightening bottlenecks on the trans-Pacific container trade.
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