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 …
Trucking Supply and Demand Prediction for 2024 in North America
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 …
5 Leadership Traits Of Logistics Managers to Strive For In 2024
A recent article in the Fast Magazine highlights some leadership styles to adopt that can be applicable to logistics managers, providing a strategic outlook for navigating uncertainties in 2024. It outlines five distinctive leadership trends that may be tailored to the logistics industry: In the face of market uncertainties, the article encourages logistics managers to focus on creating clarity around …
Update On The Red Sea Attacks and Their Impact On Shipping (January 2nd, 2024)
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 …
Concerns Over Freight Rate Increases From Asia to North America and Europe in January 2024 Before Chinese New Year
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 …






