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Truck passing Castle Mountain in Alberta

Market Update: February 23, 2021

LATEST News MTO grounds trucking businesses involved in ‘Freedom Convoy’ protests. The Ontario Ministry of Transportation has effectively shut down 39 trucking businesses in the wake of a crackdown on so-called Freedom Convoy protesters. Responding to questions from, the…

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Coutts Border Crossing Blockage

Weekly Update: February 17, 2022

A rash of new outbreaks in South Korea, Indonesia, Denmark, and other countries will stifle near-term travel sentiments as airlines step up with more service resumptions in mid-to-late spring. Transpacific Asia-US flights are still crippled with Cathay Pacific’s reduced cargo…

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Global and Regional Update – February 3, 2022

Airports Council International (ACI) and IATA are urging European governments to remove travel restrictions for their inefficiencies to mitigate public health risks, as seen in airport Covid outbreaks as recent as the past week. Globally, 2022’s peak season associated with…

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Long Beach - Los Angeles Supply Chain backup (CNN photo)

World & Regional Update – January 28, 2022

Analysts say shipping delays have become the new normal as carriers are forced to cancel bookings—vessel shortages have cropped up as a result of port congestion around the world. As many countries in the Asia-Pacific gear up for Lunar New…

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Weekly Market Update: January 26, 2021

LATEST News Trucker protest won’t cause food shortages, government says. Transport Minister Omar Alghabra is assuring Canadians there’s no reason to fear food shortages will result from a small minority of truck drivers refusing to comply with a vaccine mandate in…

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Toronto-Ontario waterfront- photo by James Wheeler

Market Update: January 10, 2022

LATEST News Economy added 55,000 jobs in December, unemployment rate 5.9 percent. The Canadian economy added 55,000 jobs in December before Covid-19 cases began spiking at the end of the month, prompting public health restrictions that forced many businesses to…

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Tonga Volcanic eruption-by Japan's Himawari-8 satellite and released by the National Institute of Information and Communications

Global & Regional Update – January 8, 2022

An underwater volcanic eruption near the South Pacific country of Tonga launched tsunamis toward all landmasses, destroying multiple offshore refineries and capsizing four vessels along the American coastline. Oil prices creep upwards again only three months after leading nations released…

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Tan Bhin, Vietnam (Louise PHDC) pexels

Global Update: January 7, 2021

Despite the continuation of the Covid-19 pandemic, the first week of 2022 was marked by progress in global trade. In Asia-Pacific, the 15-country Regional Comprehensive Economic Partnership (RCEP) came into effect on January 1, marking a new era of commerce…

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Pearson Airport-Terminal 3 Tarmac

Market Update: December 30, 2021

Health officials around the world are stuck counting cases of the new Omicron variant while we count down to the new year. Approximately 8,800 flights were canceled worldwide between December 24-27, attributed to a mix of new travel restrictions, inclement…

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