Recent News, by topic
Weekly Market Update: March 3, 2021
Latest News After worst year on record, Canadian economy enters 2021 with double digit growth. OTTAWA -- The Canadian economy sprinted to the finish line of 2020 with nearly double-digit growth in the fourth quarter, ending its worst year…
Weekly Update: January 25, 2021
Latest News Seventeen percent of SMEs in danger of closing. The Canadian Federation of Independent Business said Thursday one in six, or about 181,000, Canadian small business owners are now seriously contemplating closing. The latest figures, based on a survey…
Customs & Shipping News: Jan14
An Arctic polar vortex is set to barrel down the Northern hemisphere. Colder winters in Asia and Europe means greater demand for natural gas, and recent vessel congestion at the Panama Canal means slower distribution, pushing up fuel costs. The…
Global Update: January 6th
The world enters 2021 with a third wave of infections attributed to a coronavirus variant that first appeared in the UK, along with five new variants already observed in Ukraine and another from Argentina. Pressed by mass social gatherings over…
Global Update: Dec 30th
The new year is nigh, and still the container shortage persists. Traces of the new coronavirus strain have been found in a growing list of countries including India, Canada, Denmark, Japan, South Korea, Singapore, and Australia. Consequently, passenger flights to…
World Wide Customs Brokers: COVID-19 Market Update December 22
Latest News Ontario Announces Provincewide Shutdown to Stop Spread of COVID-19 and Save Lives. TORONTO — As COVID-19 cases continue to rise at an alarming rate, the Ontario government, in consultation with the Chief Medical Officer of Health and other…
Winter Storm Slams Northeastern US, Delaying Cargo Flow
A cold winter storm has arrived on the doorsteps of the US East Coast, with city officials bracing for wind, sleet, and up to two feet ( 0.6 m) of snowfall. The Port Authority of New York & New Jersey…
Global update: December 4th
The effects of a lopsided recovery effort across the world are coming into focus for business leaders: the Worldwide Air Slot Board (WASB), a multi-organizational group comprised of air transport industry associations, published a joint proposal asking regulatory agencies around…
Weekly Market Update for December 4th
Latest News First COVID-19 vaccine could be delivered to distribution points as early as end of December; Fortin says. Military, partners will be ready to deploy vaccines as soon as they are approved by Health Canada. Federal officials today explained…
Weekly Market Update: Nov 24, 2020
Latest News On November 22, airport workers at the Shanghai-Pudong International Airport were flagged for testing and quarantine after two positive cases were detected in the terminal. The cases have recently been linked via contact-tracing to a cargo container arriving…
We’re hiring… an HR Generalist
This is a very unique opportunity to lead the development of a fledgling HR department for a medium size enterprise and have the support and resources of the corporate HR team at our multi-billion dollar parent company. Local leadership; global…
Market Update: Nov 19, 2020
Market Update Canada and U.K. close to new trade deal. Deal will replace EU pact once Brexit takes effect OTTAWA – Canada and Britain say they are in the final stages of negotiating a new trade deal before a Dec.…
Weekly Market Update: Nov 16, 2020
Latest News Moderna says its coronavirus vaccine appears to be 94.5% effective. For the second time this month, there's promising news from a COVID-19 vaccine candidate: Moderna said Monday its shots provide strong protection, a dash of hope against the…
Shipping Industry News – September 23
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…
CN Rail back in service W of Hope, BC
CN Rail says: "We would like to update you on the status of the track that was affected by a service disruption as a result of a derailment impacting our mainline near Hope, BC. Service has now resumed. CN…
CN Rail disruption west of Hope, BC
We would like to update you on the status of tracks that were affected by a service disruption as a result of a derailment affecting our mainline near Hope, BC. We continue to work diligently at cleaning up the derailment…
COVID-19 Market Update September 11, 2020
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
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…
COVID Market Update For September 1, 2020
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…
Strike at the Port of Montreal – Status
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…