Below you'll find a list of all posts that have been categorized as “News”
On May 13th, 2024, the CARM (CBSA Assessment and Revenue Management) digital system will become the office system of record that importers and other trade chain partners will use to pay import duties and taxes. If you have not registered, please get in touch with sales@canaangroup.ca immediately since there is a potential waiting list for the April 30th, 2024 deadline. …
As we navigate through the uncertainties marking the end of the first quarter of 2024, the supply chain landscape presents a myriad of challenges and changes. At the heart of staying ahead in this dynamic environment is the annual Transpacific Maritime (TPM) Conference, a pivotal gathering in March 2024 that drew industry leaders, including the management team from Canaan Group, …
The union representing nearly 9,300 workers at Canada’s largest rail operators, CN and CPKC, faces a potential work stoppage due to stalled negotiations over working conditions and wage increases. Teamsters Canada, led by François Laporte, accuses both rail companies of wanting to remove essential safety-critical rest provisions from collective agreements, which are crucial for combating crew fatigue and ensuring public …
Most customers direct much of their focus on cost per TEU, kg, CBM, or other metrics. However, only a few customers focus on the reliability of deliveries as a KPI. The reliability factor introduces some hidden costs, including cash flow management, inventory stock, and delayed payments for the final cargo delivery. Canaan Group continues to track and emphasize costs and …
In a bold move signaling the evolving dynamics of international shipping, the announcement of the Gemini Alliance, set to commence in 2025, marks a significant milestone. This pioneering collaboration between Danish and German shipping lines epitomizes the industry’s ongoing shuffle, akin to a strategic game of musical chairs, promising enhanced service offerings and operational efficiencies across the globe. ONE/WAN HAI: …
The union representing nearly 9,300 workers at Canada’s largest rail operators, CN and CPKC, is facing a potential work stoppage due to stalled negotiations over working conditions and wage increases. Teamsters Canada, led by François Laporte, accuses both rail companies of wanting to remove essential safety-critical rest provisions from collective agreements, which are crucial for combating crew fatigue and ensuring …
Starlux Airlines, a Taiwanese airline that began operations just four years ago, has recently made a significant move in the aviation industry by ordering five A350 freighter airplanes from Airbus. This decision marks Starlux as the first Taiwanese airline to operate this next-generation cargo jet, signaling its entry into cargo transportation, particularly focusing on the global demand for electronic components …
Despite shifts in geopolitics and the relocation of manufacturing hubs to countries like Vietnam and Mexico, China maintains its position as a key trading partner with both Canada and the USA. By redirecting trade through these nations, China has crafted a viable strategy to circumvent tariff barriers. This is exemplified by China’s tactical diversion of exports via Mexico, a strategy …
In the midst of the ongoing Red Sea Crisis, which has disrupted transportation through the Suez Canal for over five weeks now, experts like Lars Jensen, a renowned shipping analyst based in Denmark, are closely monitoring developments. Despite the passage of time, the situation in the Red Sea has seen little change, prompting shipping companies to continue adapting by rerouting …
In a recent Business Insider article, it was reported that Mexico emerged as the leading source of goods imported into the US in 2023, surpassing China for the first time since 2020. This development signals a notable shift in global commerce dynamics amid ongoing tensions between the US and China. While this milestone underscores Mexico’s rising prominence as a trade …
In December 2023, the Minister of Transport, the Honorable Pablo Rodriguez, made a significant announcement regarding the enhancement of Canada’s logistics landscape: the establishment of the National Supply Chain Office. Led by Assistant Deputy Minister Robert Dick, this office will be headquartered in Vancouver, British Columbia, Canada. This initiative underscores the government’s recognition of the pivotal role that supply chains …
On February 14th, 2024, Indonesians will head to the polls to elect their next president as President Joko Widodo completes his two-term tenure. Under his leadership, Indonesia has emerged as a success story in Southeast Asia. President Widodo’s policies, including export bans that compelled companies to refine resources like nickel domestically, have propelled the nation up the global value chain. …
As the year begins in 2024, a notable shift is observed in the landscape of warehousing accessibility spanning both Canada and the United States. Even in traditionally constrained markets such as Vancouver, Los Angeles, and Chicago, an increased availability of warehousing space is discernible. This transformation is primarily attributed to the strategic destocking of inventories and the successful culmination of …
Federal officials are involved in preventing a potential third labour stoppage in four years at the Port of Montreal, where dock workers have been without a labour deal since their agreement expired on December 31. The Maritime Employers Association (MEA) in Montreal, which includes approximately 1,290 longshore workers and 165 checkers, is in ongoing negotiations with union representatives. The Federal …
In the upcoming year of 2024, the maritime industry is poised for a transformative phase akin to a sophisticated game of musical chairs, particularly within the realm of shipping lines. Analogous to the strategic alliances observed in the aviation sector, wherein airlines align themselves under banners like Star Alliance, One World, and Sky Team, the container shipping sector operates under …
Back in the 1980s and 1990s, container ships were smaller and slower. This meant it took a good 50 to 60 days for urgent shipments from Asia to Europe. Air cargo, on the other hand, was too expensive for high-value goods, making it hard to justify the cost. To tackle this, logistics companies like Canaan came up with a solution. …
Since November 2023, the Maritime Union and DP World have been stuck in a disagreement loop. DP World runs major terminals in Sydney, Brisbane, Melbourne, and Fremantle Ports, shaping the fate of 40% of Australia’s shipping. The heart of the matter revolves around a labor deal – the union pushing for a concise two-year plan with an 8% annual pay …
On May 13, 2024, CARM (CBSA Assessment and Revenue management) digital system will become the office system of record that importers and other trade chain partners will use to pay for import duties and taxes. What is CARM? CARM stands for the CBSA Assessment and Revenue Management program. It is a new initiative by the Canada Border Services Agency (CBSA) …
The looming threat of a US East Coastwide strike in the US maritime industry continues as negotiations between maritime employers and the International Longshoremen’s Association (ILA), have yet to restart. ILA President Harold Daggett emphasizes the need for a significant hourly wage increase before delving into other contract terms. The potential strike, the first in 47 years, carries financial repercussions …
The recent spate of attacks on the merchant fleet in the Red Sea continues to impact shipping traffic in the area. Last Thursday, air strikes on January 11th by US and UK fighter planes on targets in Yemen from where Houthi militants have launched attacks on commercial shipping since early December. This highlights that this conflict will continue to escalate …
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