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PORT OF NEW YORK AND NEW JERSEY REPORTS RECORD CARGO VOLUMES DURING FIRST HALF OF 2018

PORT OF NEW YORK AND NEW JERSEY REPORTS RECORD CARGO VOLUMES DURING FIRST HALF OF 2018- Forwardernews

The Port Authority announced today that cargo volumes in the Port of New York and New Jersey set a new record for the first half of 2018, with volumes up 6.8 percent over the same period in 2017, when the previous six-month record was established.
Between January and June this year, the port handled 3,450,469 TEUs (20-foot equivalent length cargo containers), compared to 3,229,675 TEUs handled during the same period in 2017. The increase was fueled by a 7.8 percent hike in loaded import containers, primarily carrying commodities such as furniture, appliances, and beverages. Export loaded containers also increased by 9.2 percent, further boosting the increase. The record volume has allowed the port to maintain its position as the busiest on the East Coast.

CEVA continues to improve despite drop in airfreight volumes

CEVA continues to improve despite drop in airfreight volumes-Forwardernews

The latest financial results from CEVA show that total air cargo volumes declined by 1.3% year on year to 120,200 tonnes despite the overall market growing by around 4%.
In contrast, Kuehne+Nagel saw air demand increase by 15.7%  and at Panalpina, there was a 4% increase.
CEVA put this down to a lag between the loss of customers and new wins starting up. In better news for the forwarder, air yields for the quarter increased by 10.9%.  

Pressures Of America's Truck Driver Shortage Extend To Restaurant Industry

Pressures Of America's Truck Driver Shortage Extend To Restaurant Industry- Forwardernews

We have a major trucking shortage in this country. The American Trucking Associations estimate that 2017 saw the greatest driver shortfall to date and that it could reach 174,000 unfilled driver positions by 2026.
According to Cass Information Systems Inc., U.S. trucking and rail-freight spending increased by more than 17% in May compared with May 2017. And there doesn’t seem to be an end in sight. Shippers, carriers, and brokers polled by Morgan Stanley expect trucking costs to increase 6.4% this year on average.
Consumer packaged goods companies have already been feeling the pinch. During its most recent earnings calls, Kellogg Co. noted that freight is causing its most “acute” cost pressures.

Asia airlines see cargo growth slow in June

Asia airlines see cargo growth slow in June-Forwardernews

According to the Association of Asia Pacific Airlines (AAPA), carriers saw cargo traffic increase by 3.4% year on year in June, a slowdown on the 4.9% increase registered over the first six months of the year.
“The global manufacturing sector, whilst still expanding, experienced slower growth in June,” AAPA said. “The average international freight load factor declined by 1.9 percentage points to 64.5% in June, on the back of a 6.4% expansion in offered freight capacity.”

U.S. airlines set to change Taiwan listings amid pressure from China

U.S. airlines set to change Taiwan listings amid pressure from China-Forwardernews

The airlines are expected to list the city of Taipei as a destination without referring to the place where it is located, the official said. The Chinese government has demanded that airlines describe it as part of China, not Taiwan.
Similar changes are expected for Hong Kong and Macau, which are autonomous territories of China. China doesn’t recognize Taiwan as a sovereign nation.

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