Trade News / Freight and transportation updates
The unions representing workers at Canadian Pacific (CP), one of Canada’s largest railway network, have served CP with a strike notice set to commence at 22:00, Tuesday, May 29, 2018. Should the parties fail to resolve the current impasse in... Read more >
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Effective October 16, 2016 Transport Canada Air Cargo Security program comes into effect. The Regulations Amending the Canadian Aviation Security Regulations, 2012 and the Designated Provisions Regulations (Air Cargo) outline the rules of a voluntary program for shippers (known consignors)... Read more >
While there have been some requests for a later deadline for the International Maritime Organization's (IMO) amendments to the Safety of Life at Sea Convention (SOLAS) container weight rules, the organization should not expect such appeals for leniency from Canada.
The most recent data on U.S. industrial output indicates that shippers could see a boost in business.
The late-year busy period for carriers is annually followed by a January surge in shipments as retailers prepare for the Chinese New Year. With global shipping in a recent slump, though, the start of 2016 is colored by mixed signals.
Trade is slowing at a detrimental rate for containership fleets - so much so that even the low cost of fuel is not helping because shipping lines are inundated with surplus capacity.