NEWS\\\


Port of Montreal acknowledges the advance notice for a federal Special Act


The Montreal Port Authority (MPA) acknowledges the federal government’s advance notice of a Special Act supporting the resumption and maintenance of port activities in Montreal, clearly recognizing the strategic character of the Port of Montreal.


“Aſter several strike episodes


in 2020 and 2021, which have had and continue to have serious economic and logistical impact, it is mission-critical that the Port of Montreal be able to fully and sustainably play its strategic role as an economic engine at the service of the local


population and SMEs without interruption,” said Martin Imbleau, MPA president and CEO.


A partial strike now


underway and notice of an unlimited general strike sent by the union have resulted in a total halt of cargo handling


activities since last Friday. Port of Montreal clients can expect delays in the delivery of their goods for the next few days and even weeks. On average, the MPA handles


$275 million worth of goods every day, ranging from agri- food products, pharmaceuticals


Issue 4 2021 - FBJNA


and construction equipment to flagship products exported by local companies. A recent economic study found that a disruption of port activities incurs a loss of $10 million to $25 million per day for


the


economy. It should be noted that the


strike episodes in the summer of 2020 hit hard, with 80,000 TEUs grounded or rerouted and some 20 vessels diverted to competing ports, a trend that


7 certain shipping lines began


in recent months given the uncertainty associated with the labor dispute. In the recent partial strike


episode, aſter a single weekend of stoppage, the impact was already significant: close to 10,000 TEUs grounded, a backlog and delays in rail convoys, and shipping lines with


vessels en route to


Montreal obliged to rework their logistics.


The New Year recovery in global air cargo volumes stalled in March as volumes fell -3% versus comparative data for March 2019, but reduced airline capacity levels saw the ‘dynamic loadfactor’ and prices remain ‘relentlessly high,’ according to the latest market data from industry analysts CLIVE Data Services and TAC Index. To give a meaningful


perspective of the air cargo industry’s performance, CLIVE Data Services’ first- to-market data is continuing to focus on comparing the


current state of the


market to pre-Covid 2019 volume, capacity and load factor data until at least Q3 of this year. This is being produced alongside the 2020 comparison. For the four full weeks of


March 2021, global volumes were unable to continue the recovery seen in January and February, relative to the same month of 2019. The -3% trend in demand for these weeks also worsened towards the end of the month, reaching -4% relative to the start of the month. Nonetheless, the air cargo market is in far better shape than a year ago when the outbreak of the Covid pandemic led to a sudden collapse in global capacity. For context, March 2021 volumes were 29% up over March 2020, peaking at +55% in the last two weeks. However, with airline cargo


capacity down -14% versus 2019, CLIVE Data Services’ dynamic loadfactor – which considers volume and weight


perspectives of cargo flown and capacity available - remained relentlessly high: 73% for the period, 7% points higher than in 2019. This decline in capacity relative to 2019 should be seen, however, in the context of passenger airlines starting their busier traditional summer schedules in March 2019 - which is obviously not the case this time around. “March data shows us the


market is still very supply driven,” says Niall van de Wouw, Managing Director of CLIVE Data Services. “After indicators that the global air cargo market was seeing some ‘light at the end of the tunnel’ in January and February after a year of such high disruption, this latest industry data will reign in that optimism slightly. This may reflect Covid-19 fatigue in the buying habits of businesses and consumers


as we see


more reports of infection rates creeping up again in many countries, fears of a possible third wave of the virus, more lockdowns and curfews, and concerns over both the supply and effectiveness of vaccines. Flights are very full from a cargo point of view, but with no recovery in the passenger market, airline intercontinental operations are still mainly cargo-driven and they need higher prices to make these operations financially viable.” On the Atlantic, CLIVE


reports record load factors in both directions, reaching 90% w e s tbo un d for


the last 8 >>


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