WEEKLY MARKET UPDATE 05/16/2024
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This newsletter's summary
Figure of the week
500 million€?invested in the French logistics real estate market in Q1 2024
Quote of the week
"Logistics isn't just about delivering goods, it's about how we live."
Frederick W. Smith
Baltimore bridge blown up in controlled demolition
US authorities blast debris from collapsed Baltimore bridge.
Hit by the container ship?"Dali" in March, the Baltimore Bridge collapsed and its debris is still preventing a return to normal navigation, almost two months after the accident. A piece of the bridge was blasted away on Monday May 13.
On Monday May 13, the American authorities blew up a piece of the Baltimore bridge that collapsed in March when it was struck by the distressed container ship?Dali, a tragedy in which six workers perished. Teams used controlled explosions to sever the metal beams of part of the structure, making it easier to cut away the debris.
The operation was also intended to free the Dali, a 300-metre vessel that had become embedded in one of the bridge's piers and is still partially blocking the access channel to this major?port for trade?on the East Coast of the United States.
?Opening of a new transpacific route
CMA CGM Air Cargo (CCAC) expands its horizons with the bold announcement of a new transpacific route linking Asia to North America this summer. The CMA CGM group continues to provide comprehensive logistics?solutions to its customers. By opening this new air route,?CCAC is committed to strengthening trade between these two dynamic continents.
To support this ambitious initiative, CCAC plans to significantly increase its air fleet. This expansion will enable CCAC to almost triple its transport?capacity by 2027, reinforcing its position as a leading provider of air freight?services, capable of meeting the growing demands of the market.
To implement these new transpacific routes, CCAC has established a strategic partnership with Atlas Air. This partnership will enable CCAC to efficiently serve key destinations such as Hong Kong, Chicago, Seoul and mainland China to North America, offering its customers complete and reliable?logistics solutions
Weekly logistics trivia
Elon Musk, visionary entrepreneur and founder of SpaceX and Tesla, has revolutionized the field of logistics?with his bold technological advances. With SpaceX, he introduced reusable rockets, dramatically reducing launch costs and opening up new possibilities for space exploration and satellite orbiting. This innovation has transformed the way objects are transported into space, offering a viable alternative to traditional methods.
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At the same time, Tesla, under Musk's leadership, has rethought automotive logistics?with its electric vehicles and innovative approach to production. Tesla factories are designed to optimize efficiency and reduce production times, while integrating advanced technologies such as automation and 3D printing. This approach has enabled Tesla to push back the boundaries of traditional automotive logistics, while contributing to the transition to more sustainable mobility.
Musk is also actively exploring futuristic concepts such as Hyperloop, an ultra-fast ground transportation?system, and Neuralink, a brain-machine interface. Although these projects are still in development, they promise to further disrupt the norms of logistics by offering faster, more efficient and more connected solutions for transporting goods and people on a global scale. In this way, Elon Musk continues to be a pioneer in the field of logistics, constantly pushing back the frontiers of what is possible.
Eurostar to Power Trains with 100% Renewable Energy by 2030
Eurostar, the high-speed rail network?linking France, Belgium, the Netherlands, Germany and the UK, announces its goal of?enabling 30 million passengers to travel sustainably and with low carbon emissions?by 2030.
One of Eurostar's key objectives is to work with partners and regulators to power its trains?using 100% renewable energy?by 2030. "This is a deliberately ambitious target, Eurostar wants to use its brand and commitment to try and accelerate change across the sector," explains Eurostar CEO Gwendoline Cazenave.
Eurostar is taking responsibility for reducing its own emissions and environmental?footprint to ensure that every one of its passengers is transported at the lowest possible environmental cost. "We are building the backbone of sustainable travel in Europe, committed to building the mode of international transport?that has the least negative impact on the planet."
Customs & Regulations
New free trade?agreement?between the EU and New Zealand:
This agreement gives companies, farmers and producers duty-free access to almost all trade between the EU and New Zealand, regardless of the products involved.
The economic component, although the most important, is not the only result of the negotiations, as the agreement also includes commitments concerning: compliance with the rules imposed by the Paris Agreement on climate and labor rights, animal welfare, sustainable development, food safety...
The aim of the EU/New Zealand free trade agreement is?to develop trade between the 2 countries, still at a modest level last year, i.e. 9.1 billion euros for goods and 3.5 billion euros for merchandise, in both directions.
???Until Next Week
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