US ports to receive government cash boost
A cash boost of US$225m for US port infrastructure improvements will be available through the Port Infrastructure Development Program.
“This is great news for America’s ports and follows on the heels of first-time direct funding for seaports totalling $292.73 million in 2019,” said American Association of Port Authorities.
The goal of the program is to enhance US port competitiveness and the ability of ports to effectively handle the movement of goods in the US supply chain.
Trade tensions precipitate airfreight drop in APAC
Airfreight demand in the Asia-Pacific region continued to suffer the impact of the trade tensions between China and the United States, with preliminary traffic figures from the Association of Asia Pacific Airlines showing a 9.1% year-over-year drop in freight tonne kilometres (FTKs) for April 2019.