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Recent events in the trucking industry, such as the bankruptcy filing of Newsome Trucking and the closure of Yellow despite substantial government funding, highlight the challenges facing trucking companies. With over 75% of Canada’s trade conducted with the USA and a significant portion relying on trucking, it’s crucial to carefully vet your Less Than Truckload (LTL) vendors. LTL shipping, wherein …
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 …
In the first quarter of 2024, predictions indicate stability in Less-Than-Truckload (LTL) rates with subtle fluctuations, while truckload rates are expected to persist near the lows established in Q2 of the previous year. AFS and TD Cowen jointly released these insights as part of the TD Cowen/AFS Index, offering a forward-looking snapshot of pricing trends in the Less-Than-Truckload (LTL) and …
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. …
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 EU’s Emissions Trading System’s scope is expanding to include the ocean shipping sector starting January 1st, 2024.
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