The soft freight market of 2019 has caused the bankruptcy of 640 trucking companies, 11 of which are major carriers, accounting for the loss of over 3,000 jobs. For perspective, the whole of 2018 saw 318 carrier closures. The soft market and slowing global economy have been the nail in the coffin for some long-standing carriers like New England Motor Freight, Falcon Transport and LME.
Information supplied by FREIGHTWAVES. See complete article by clicking on link below:
International air cargo liability limit set to increase
The liability limit on lost or damaged international air cargo among most countries is schedule to increase on December 28 to 22 Special Drawings Rights (SDRs) per kilogram from the current rate of 19 SDRs. Based on the current exchange rate of approximately $1.38 per SDR, the limit will rise from approximately $26 per kilogram to more than $30 per kilogram. Please review and update your house air bills of lading.
This information was varified by researching "International Air Cargo Liability Limits" on the web.
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Los Angeles Air Cargo Association annual membership dues are $100 for Standard Membership or $250 for Corporate Membership per calendar year. Annual Membership drive starts in October for the coming new year. A membership form can be completed online by clicking on the link below or complete the Membership Application form.
The association holds our general meeting/luncheon on the 2nd Thursday of the month in March, June, and December. The regular cost for the luncheons is: $55 for members and $65 for non-members. The Holiday luncheon charges will be announced prior to the luncheon.
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