Recent News, by topic
COVID-19 Market Update September 11, 2020
Latest News Data published by the International Air Transport Association (IATA) shows a gritty July with a 91.9% year-over-year fall in passenger demand—the industry group stresses that governments need to provide more financial relief for airlines and reopen borders for…
Chinese authorities are set to interfere in both pricing and capacity management on the Transpacific
Chinese authorities are set to interfere in both pricing and capacity management on the transpacific, as rates soared to record highs again this week. China’s ministry of communications today discussed refusing to allow carriers to increase the spot rate from…
COVID Market Update For September 1, 2020
Transpacific westbound sea freight rates continue to climb as the Air freight continues to experience decreased demand across Europe in the last weeks of summer, with the exception of key hubs: Germany’s Frankfurt International Airport, as a leading European hub…
Strike at the Port of Montreal – Status
Due to the ongoing Longshoremen’s strike at the Port of Montreal, berthage services and cargo handling normally provided by dockworkers are suspended at several Port of Montreal terminals. Not affected by this situation are liquid bulk handling, the Oceanex service…
Market Update for August 12, 2020
Latest News Canada vows retaliation as Trump brings back aluminum tariff. Canada intends to swiftly impose dollar-for-dollar countermeasures, says Deputy Prime Minister Chrystia Freeland. OTTAWA – The Trudeau government is promising to impose retaliatory tariffs on American products after U.S.…
Strike at the Port of Montreal — Status
The union representing dockworkers at the Port of Montreal announced that it will file a notice with management on Friday that an unlimited strike will begin Monday. The union, affiliated with the Canadian Union of Public Employees, said the notice…
Market Update: COVID- 19 for August 4, 2020
Latest News Canada’s State of Trade 2020: As Canada’s Minister of Small Business, Export Promotion, and International Trade. Over the last few months, countries around the world have come together to fight the global pandemic, working to ensure the health…
On The Horizon: U.S. Revises Export Filings for Russia, China, Venezuela
On June 29, revised export controls for shipments to China, Russia, and Venezuela will go into effect, requiring companies to adjust document procedures. The U.S. Department of Commerce’s Business of Industry and Security (BIS) published these rulings on April 28,…
U.S. To Ban China Air Passenger Arrivals, June 16 Onward
The United States government has announced that effective June 16, all incoming passenger flights from four designated airlines based in China are banned from entry. The airlines named are Air China, China Eastern Airlines, China Southern Airlines, and Hainan Airlines.…
World Wide Customs (COVID-19) Market Update – JUNE 1ST, 2020
Latest News The World Health Organization on May 25 warned of a potential second peak of infections if government restrictions are eased too soon. Chile-based LATAM Airlines, the largest Latin American carrier, files for Chapter 11 bankruptcy and restructuring as…
Global Update: May 22
The World Trade Organization (WTO) released a report on May 20 covering trade indices for various sectors, noting that global trade may further contract in the first half of 2020. As consumer spending and business acquisitions shift, countries may find…
CN Customer News: Spring Thaw Lift Restrictions 2020
Please find CN update regarding Spring Thaw restrictions below. CN would like to advise you that Transports Quebec has provided dates for lifting of the Spring Thaw restrictions. If you are shipping to/from the Province of Quebec, please note that payload…
Worldwide update: April 28
The past week has seen much headway in collective efforts to stabilize economy, society, and livelihood. Worker strikes have begun to appear across several countries in Southeast Asia, Latin America, and Europe, many of them demanding safer working conditions and…
US Customs Compliance Announcement: COVID-19 90-Day Deferral of Duty Payments
The U.S. Customs & Border Protection Agency (CBP) has announced that companies who can demonstrate severe financial hardship related to the COVID-19 pandemic can apply to defer their duty payments for 90 days. Deferment is only applicable to formal entries…
Canadian border service cuts hours at some U.S. crossings
Some ports of entry normally open 24 hours a day will close earlier No crossings where World Wide Customs has offices are directly affected Canada is cutting its service hours at 27 low-traffic border crossings on a temporary basis as…
COVID-19 Update
Individual government responses to the COVID-19 pandemic have created myriad ripple effects to specific industry verticals as different regions halt and resume business activities. Airlines continue to deploy cargo freighters and increase passenger-to-cargo flights amid reports of medical supply shortages,…
Advisory: Notice of Carrier-Imposed Covid-19 Emergency Surcharges
As effects of the COVID-19 crisis change the global economy, many industries have been hard-hit, including essential service providers in transportation and logistics. While some businesses were able to act swiftly to mitigate loss, others have been forced to make…
Global Update: April 7
Leading industry analysts assessed that global airfreight capacity has fallen 35% year-over-year, and projects further decline. Several states, non-government organizations, and businesses have initiated relief efforts in response to the economic effects of the ongoing COVID-19 outbreak: Singapore announced two…
COVID- 19 Market Update: April 2
Latest News The demand remains high for pharmaceutical and food supplies. However, freight capacity has fallen sharply, with belly-hold capacity declining due to progressive cuts to passenger flights. Global airfreight capacity across all trade lanes is lower year-over-year by more…
COVID-19 Market Update
Latest News The International Federation of Freight Forwarders Associations (FIATA) has urged governments to act to ensure that ports remain open to allow the freight and logistics sector to help tackle the COVID-19 crisis. FIATA noted that international air, sea…