Land, Sea and Air shipping / transportation news for North, Central, and South Americas
Overview A global effort is underway to nudge the shipping market toward emissions reduction—the International Maritime Organization (IMO), in conjunction with the Singapore Ports Authority, will “embark on emission reduction mechanism like market-based measures to incentivize the uptake of alternative…
Latest News Data published by the International Air Transport Association (IATA) shows a gritty July with a 91.9% year-over-year fall in passenger demand—the industry group stresses that governments need to provide more financial relief for airlines and reopen borders for…
Chinese authorities are set to interfere in both pricing and capacity management on the transpacific, as rates soared to record highs again this week. China’s ministry of communications today discussed refusing to allow carriers to increase the spot rate from…
Transpacific westbound sea freight rates continue to climb as the Air freight continues to experience decreased demand across Europe in the last weeks of summer, with the exception of key hubs: Germany’s Frankfurt International Airport, as a leading European hub…
Due to the ongoing Longshoremen’s strike at the Port of Montreal, berthage services and cargo handling normally provided by dockworkers are suspended at several Port of Montreal terminals. Not affected by this situation are liquid bulk handling, the Oceanex service…
Latest News Canada vows retaliation as Trump brings back aluminum tariff. Canada intends to swiftly impose dollar-for-dollar countermeasures, says Deputy Prime Minister Chrystia Freeland. OTTAWA – The Trudeau government is promising to impose retaliatory tariffs on American products after U.S.…
Latest News Canada’s State of Trade 2020: As Canada’s Minister of Small Business, Export Promotion, and International Trade. Over the last few months, countries around the world have come together to fight the global pandemic, working to ensure the health…
Latest News The World Health Organization on May 25 warned of a potential second peak of infections if government restrictions are eased too soon. Chile-based LATAM Airlines, the largest Latin American carrier, files for Chapter 11 bankruptcy and restructuring as…
The World Trade Organization (WTO) released a report on May 20 covering trade indices for various sectors, noting that global trade may further contract in the first half of 2020. As consumer spending and business acquisitions shift, countries may find…
The past week has seen much headway in collective efforts to stabilize economy, society, and livelihood. Worker strikes have begun to appear across several countries in Southeast Asia, Latin America, and Europe, many of them demanding safer working conditions and…