Recent News, by topic
China Issues Regional Lockdowns Until March 20
A surge of Covid-19 cases in China has led to regional lockdowns and movement restrictions in the cities of Shenzhen and Dongguan set to last until March 20. As part of these restrictions, all non-essential operations have been ceased. Assembly…
Russia-Ukraine Conflict: Worldwide Customs Brokers Suspends Cargo Consignment to/from Russia & Ukraine
As financial curbs are placed and export restrictions are imposed on dual-use goods by Western nations, a growing number of commercial shippers, lessors, and insurers have also discontinued services and coverage. After an announcement by Russia's aviation authority, Aeroflot was…
Russia-Ukraine Conflict: Port and Carrier Updates
As of March 2nd, 25 countries have banned flights in and out of Russia and only a handful of airlines continue to service through Russian airspace including Air China, Asiana, Etihad, Qatar, Singapore Airlines, and Thai Airways. Over 50 long-haul…
Global & Regional Update: March 1 2022
Global Aperture Airspace is heavily disrupted in Eastern-Europe as the Russia-Ukraine conflict escalates, and Turkey has warned all countries against sending warships to the Bosporus and Dardanelles Straits that lead to the Black Sea—a move to partition military and economic…
Russia-Ukraine Conflict: Supply Chain Customer Updates
Due to the escalation of military conflict, World Wide Customs has suspended all services to and from Ukraine. The Ukrainian airspace is closed to civilian flights. The area is now defined as an Active Conflict Zone and EASA (European Union…
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 trucknews.com, the…
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…
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…
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…
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…
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…
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…
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…
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…
Weekly Market update: December 16th, 2021
Latest News STATEMENT: Canada’s port authorities welcome support for supply chains. The Acting President of the Association of Canadian Port Authorities, Debbie Murray, issued the following statement in response to today’s Economic and Fiscal Update. “The Association of Canadian Port…
Global update: December 10th
It’s been a little over eight months since the Ever Given lodged itself in the Suez Canal, and the cargo vessel is once again headed for the water passage—feel old yet? If not for the near-weekly volley of supply chain…
Weekly Market Update: December 1, 2021
Latest News CN calls a halt to reopening in BC. Flooding in southern B.C. continues to present logistical challenges for exporters as Canadian National Railway Co. shut its service along the key freight corridor because of heavy precipitation and traffic…
Market Update: November 24, 2021
Railroads Restoring Limited Service to Port of Vancouver. Limited rail service was restored to the Port of Vancouver, Canada on November 23 more than a week after torrential rains washed out roads and rail lines in the province of British…
The Military has been deployed in B.C. as vital roads and railways continue to remain closed
Over a hundred soldiers arrived yesterday in the Lower Mainland of B.C to support relief efforts. Rising floodwaters in the Frasier Valley have displaced thousands of people and left the city unrecognizable. CN rail has posted a statement saying crews…
Closures and delays continue in Vancouver as a state of emergency is declared
A 14-day provincial state of emergency was declared yesterday in British Columbia. This will mitigate impacts on transportation networks and movement of essential goods and supplies and support the provincewide response and recovery from the widespread damage . Evacuation orders…