Newsletter June 2024

Newsletter June 2024

Panama Canal on Track for Full Recovery by Early 2025

iAfter a prolonged drought since early 2023, the Panama Canal is steadily rebounding, with expectations to reach full capacity by early 2025. The Panama Canal Authority (PCA) has been progressively increasing daily transits through the canal to expedite recovery. Recent data from 16-31, May 2024, shows a rise in daily transits through the Panamax locks from 17 to 24. In April 2024, authorities announced plans to further increase daily ship allowances, indicating improved water levels. With strategic measures implemented since November 2023, the PCA remains on course to restore the canal’s operational prowess by early 2025.





Port of Melbourne’s Container Trade Surges

As of 2nd May 2024, the Port of Melbourne reports a significant uptick in container trade. March 2024 saw a throughput of 280,900 TEU, marking a 5.1% increase from the previous year. Full container imports, excluding Bass Strait, rose by 2.6% during the same period. Notably, February 2024 witnessed a remarkable 19.1% surge in total container trade compared to February 2023, handling 262,250 TEU. Both full container imports and exports, along with empty container movements, experienced notable increases. In April 2024, the port handled 215,058 TEU, showcasing sustained growth. The Port of Melbourne Monthly Trade Report offers detailed insights for stakeholders.





| Choose Air Freight for Speedy Delivery: Melbourne Airport Leads the Way in Job Creation and Export Success

With Melbourne Airport’s air freight services driving local job growth and serving as Australia’s primary air cargo hub, customers can rely on its efficient services. The airport facilitated a record $1.8 billion in locally produced goods exported in Q1 2024, representing 40.2% of the nation’s air-freight exports. Top exports like fresh meat and pharmaceuticals highlight the airport’s diverse cargo offerings. Melbourne Airport’s partnership with the Victorian Government has enhanced international airline capacity, ensuring swift delivery of goods via passenger planes. Choose air freight for reliable and efficient delivery, supporting Victoria’s economy and job market.





Update on 40′ Container Shortages in North East Asia

We’re facing a shortage of 40′ containers from North East Asia, mainly northern China, impacting operations and the industry. This shortage stems from a strong market and reduced vessel capacity due to the Red Sea crisis, causing a scarcity of ships and containers. Carriers are struggling to obtain containers, especially in key ports like Shanghai, Yantian, Ningbo, and Qingdao. This situation has led carriers to be more selective with bookings. We’re working to mitigate these challenges and appreciate your understanding. Contact us with any questions or for assistance.





Great News for Australian Wine Exporters: China Lifts Tariffs

Australian wine, ending a three-year trade dispute. The removal of anti-dumping and countervailing duties by the Chinese Ministry of Commerce marks a positive shift in bilateral relations. Australian wine exporters now have renewed access to China’s massive market, offering fresh opportunities. This development is a significant boon for Australia’s wine industry, potentially revitalizing exports to one of the world’s largest wine consumers.






Mikaela Thompson

This month let’s get to know a bit more about Mikaela Thompson, our Training Supervisor based in Perth, Australia.

Do you have a nickname? Miky/Mik 
Which Freight Mart branch are you at? Perth
Which year did you join Freight Mart International? 2019
Favourite/Go to Snack Food? Anything savoury 
Pets? Two Mastiffs, Indica and Zeus

What do you do in your spare time? What spare time?! 
Sports – Playing or watching – both or neither? Neither
Most used App? TikTok
What was your first paying job? Retail Assistant at Civic Video
Who inspires you? My daughter  
Biggest Fear? Cockroaches 
When you were a kid what did you want to be when you grew up? A Teacher 
Favourite Books, Movie or TV shows? The Grinch 
Coffee or tea? Coffee 

What is your most prized possession? My childhood teddy collection, something I have passed onto my daughter. 
If you could choose a superpower, what would it be? Ability to heal others 
Do you have a secret talent? Not that I can think of 
What is your workout song? Anything with a good beat  
What’s the top destination on your must-visit list? Vietnam or Japan 
What’s your most-used emoji? 😂

Employee Milestones and Celebrations

| Navigating the Future: Freight Mart International’s AI Revolution

AI is revolutionizing the freight industry, offering efficiency and environmental benefits. Our Freight Tracker system exemplifies this shift, optimizing operations and reducing emissions through AI-driven route optimization and supply chain visibility. While current technologies may have limitations, ongoing advancements promise continual improvement. Freight Mart International remains committed to embracing these advancements, having utilized them for a significant period. This dedication significantly improves our services toward clients.

Enabling informed decision-making, accurate demand forecasting, and adaptability to market changes, embracing AI enhances sustainability and profitability. It’s essential for a greener, more efficient future, ensuring enhanced value for our customers despite initial challenges.

| Exciting Management Conference in Bangkok 2024

We’re thrilled to announce the resounding success of the recent 2024 management conference in Bangkok. It was a truly exceptional event, filled with memorable moments enjoyed by all attendees. Our heartfelt gratitude goes to Freight Mart International for flawlessly orchestrating this remarkable gathering.

The conference held special significance as it commemorated Freight Mart International’s 15th anniversary, adding an extra layer of importance. Leaders from all branches convened not only to exchange valuable insights and strategies but also to celebrate our remarkable journey over the past 15 years.

We extend our sincere appreciation to Freight Mart International for organizing such a memorable and impactful event once again.

| Shae Atkins, 10 Years @ Freight Mart

We are thrilled to announce that Shae Atkins is celebrating her 10-year work anniversary with us! Please join us in congratulating Shae on this impressive milestone of dedication and hard work. Throughout her time with us, Shae has been an invaluable asset to Freight Mart, bringing her unique talents, insight, and expertise to the table.

Congratulations, Shae, on 10 years of outstanding service! Here’s to many more successful years ahead!