Below you'll find a list of all posts that have been categorized as “News”
Winnipeg Richardson International Airport is slated for a significant $19.4 million cargo upgrade, backed by the National Trade Corridors Fund. The project encompasses the construction of a state-of-the-art storage facility, equipped with cold storage for perishable goods, aimed at expanding cargo capacity for both imports and exports. The initiative is strategically designed to enhance accessibility, particularly for remote and Northern …
The Logistics Managers’ Index (LMI) indicates a potential shift in the transportation market, as the capacity component has fallen below the transportation price figure, possibly signaling a move towards supply and demand equilibrium. Despite truckload demand being lower than during the pandemic, it has steadily grown in 2023. Carriers and third-party logistics providers grapple with oversupplied capacity due to a …
Maersk vessel named Hangzhou has been attacked on December 30th, 2023 while travelling through the Red Sea with the intention of going through the Suez Canal. Ongoing security concerns in the Red Sea are affecting shipping lines navigating from Asia to North America and Europe because -despite US Navy presence- Yemen-backed Houthi rebels remain a threat to container vessels. While …
Spot freight rates from Asia to North America have surged due to the deteriorating security situation in the Red Sea. Carriers are expected to leverage market uncertainty during January negotiations for 2024–25 service contracts. The attacks on shipping have led vessels to divert around the African Cape of Good Hope, increasing voyage times and costs. Some customers are considering transloading …
The EU’s Emissions Trading System’s scope is expanding to include the ocean shipping sector starting January 1st, 2024.
Contract negotiations at the Port of Montreal have hit an impasse, prompting a 21-day “cooling off” period that could result in a strike on January 4, 2024. Shippers, concerned about disruptions, are urging government intervention following the recent Port of Vancouver strike. In late October, Local 375 requested the Federal Mediation and Conciliation Service to intervene in talks with the …
Shipping giants including MSC, CMA CGM, A.P. Moller-Maersk and Hapag-Lloyd have halted their vessels from entering the southern entrance of the Red Sea following attacks on their ships this past weekend. Avoiding the Red Sea means avoiding the Suez Canal leaving navigating around the Cape of Good Hope the next best option. This inevitably adds costs and delays in global trade …
The Vietnamese government is invested in becoming a “factory of the world”, integrating manufacturing and logistics to serve the ASEAN region. The Association of Southeast Asian Nations (ASEAN) is a trade bloc with a population of nearly 700 million people. ASEAN’s rising middle class and significant economic development over the past decade make it an appealing trade partner for the …
After a turbulent year including weeks of labour disputes, there’s good news coming out of the port of Vancouver. Recently ranked second-last in efficiency out of 348 container ports worldwide, Vancouver has an ambitious plan to increase port capacity by 50% by 2030. A variety of infrastructure improvements will contribute to increased capacity and efficiency, including the Roberts Bank Terminal …
Over the past 5 years, America has sought to reduce its reliance on Chinese imports for a variety of reasons. US policies and regulations aimed at reducing Chinese imports have proven effective. In tandem with China’s ongoing recovery from COVID related supply issues, the result is a sharp decline in direct Chinese imports to America. In fact, 2023’s share of …
In August, air freight rates remained relatively stable. The Baltic Air Freight Index (BAI00) dropped by 1.8% for the week ending August 28. Southern China experienced a contrasting trend. Robust e-commerce activity drove a 2.2% rise in outbound Hong Kong rates (BAI30) and a 4% increase in Shanghai’s air cargo rates (BAI80). However, rate fluctuations were evident in other regions. …
Hyundai Shipping Line (HMM) is poised to initiate sales discussions at a potential price point of $3.9 billion. Ocean freight rates have seen sustained decline over the past nine months. In response, some freight companies have pursued mergers and acquisitions (M&A) to maintain their market presence. The top 10 carriers command 85% of the global shipping container market. The top …
Since the earliest days of human civilization, the region we call the Middle East has served as an important bridge between East and West. Saudi Crown Prince Mohammed bin Salman’s recently unveiled plan to turn Saudi Arabia into a logistics hub by 2030 will continue this legacy. The plan is to build 59 logistics centres, covering 100 million square meters. …
Vancouver and Prince Rupert, BC ILWU Canada issued 72-hour strike notice at 8:00am today (June 28, 2023) to BCMEA. The port workers are prepared to start striking at 8:00am on Saturday, July 1, 2023.
Vancouver and Prince Rupert, BC Both sides (ILWU and BCMEA) are eligible to issue 72-hour strike notice, as the cooling off period expired June 20. Even though ILWU members voted almost unanimously in favour of strike action, it seems like neither side is eager to start a strike.
Vancouver and Prince Rupert, BCWe called ILWU Canada this morning, and they say there is no news. ILWU workers are required to issue 72-hour strike notice, before they go on strike. Today is the earliest they could issue strike notice. ILWU members have already voted in favour of a strike, back on June 10th.
Halifax, NS The Port of Halifax announced the details of the tentative agreement between the Halifax Employers Association (HEA) and the Locals of the International Longshoremen’s Association (ILA). The agreement was reached on April 12, 2023, but the details were shared last week in a press release.
U.S. West Coast Ports (Los Angeles, Long Beach, Oakland, Tacoma, Seattle, etc.) A tentative labour deal between dockworkers and port employers was reached yesterday (Wednesday), after more than a year of contentious negotiations.
Vancouver and Prince Rupert, BCAll indications point to a dockworkers strike starting Saturday, June 24th. If these ports temporarily shut down from the strike, inbound cargo would probably be redirected to the U.S. West Coast ports, which would add to the congestion. The current challenge is that the U.S. West Coast ports have their own labour disruptions to deal with.
We have gotten a lot of questions about the labour disputes at the West Coast ports, both in the United States and in Canada. Our team will be sending regular email updates on the latest news on the labour situation, so you can make the most informed decisions for your business.
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