Land, Sea and Air shipping / transportation news for Canada
Global Aperture Some analysts project the air cargo market will see a demand spurt over the next 20 years, aligned with Boeing’s prediction that the global fleet size will grow by 80% in that same timespan—about 20% of new planes will likely be…
Global Aperture More economic foghorns sound as global cargo volumes and manufacturing output shrinks, leading to a growing number of idled cargo vessels and the proverbial benching of over 300,000 TEUs of capacity. Air market leaders contend that the e-commerce segment—making up approximately…
Global Aperture “When it rains, it pours.” The International Monetary Fund (IMF) lowered its global economic outlook amid high inflation and downside risks on multiple fronts, including reshoring efforts that risk “undermining efficiency”—a sentiment echoed by trade analysts who have observed the supply chain landscapes…
Global Aperture The US Federal Reserve announced a 0.75% key interest rate hike on September 21 to offset economic inflation—its fifth increase in 2022. Following the announcement, banks associated with the Gulf Cooperation Council (central banks of Saudi Arabia, the United Arab Emirates,…
Global Aperture Labor action across the globe moves supply chains to high alert with rail disputes in the US, work stoppages in UK ports, and air traffic control strikes in France. While some carriers are optimistic that intra-Asia trade will avoid slumping in…
Global Aperture New shipping data dismays industry analysts around the world in time for the convergence of peak seasons: hurricanes, crop harvests, monsoons, wildfires, and of course—consumer spending. Global air volume data provided by CLIVE show a slowed decline in year-over-year cargo handled through August along…
Global Aperture Record-breaking heatwaves and ongoing droughts throughout the northern hemisphere have reduced more than just water levels—several industry, academic, and government officials have described slowdowns in the flow of goods and manufacturing operations around the world. The unusual summer conditions…
Global Aperture In the latest move to enforce the recently enacted Ocean Shipping Reform Act, the Federal Maritime Commission launched the new Bureau of Enforcement, Investigations, and Compliance (BEIC) to drastically increase oversight of non-US carriers and ports. US officials of the…
Global Aperture Slack season for the global air cargo market translates to relative cargo stability in the form of nominal declines in cargo throughput, according to recent data reports by WorldACD analysts. A new industry watchdog reports that without efficiency modifications, more…
Latest News CP joins United Nations Global Compact. Canadian Pacific is the first freight rail company in North America to participate in the United Nations (UN) Global Compact, a voluntary leadership platform for the development, implementation and disclosure of socially…