Recent News, by topic
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…
Devastating Flooding in B.C. Impacting Rail and Road Transportation
Devastating flooding in B.C. has wreaked havoc on Vancouver highways and railways. Since Sunday morning numerous flood warning have been issued in Southwestern B.C. as flood waters reach an all-time high. As a result, the Port of Vancouver has halted…
Global Update: November 12, 2021
In the second week of the COP26 Climate Summit, leaders from 19 developed nations signed the Clydebank Declaration, an agreement to invest in clean energy infrastructure and establish “at least six green corridors by the middle of this decade” —shipping…
SoCal Port Complex Approves Temporary Excess Dwell Fee for Imports
Effective November 1, the Ports of Los Angeles and Long Beach have implemented “Container Excess Dwell Fee” for ninety (90) days, payable by vessel-operating common carriers (VOCCs) on the bill of lading (BOL) for the discharged container. This is a…
Global Update: November 5, 2021
Continued supply chain bottlenecks around the world have given room for a 9.1% increase in global air cargo demand over pre-COVID levels, according to IATA’s September 2021 performance data for global air cargo. And while it can be argued that…
Global Update: October 28
Robust growth in passenger service demand, especially for transatlantic routes, may slowly ease the capacity strain in the air freight market after announcements were made by several countries to reopen borders, including Australia, Britain, Canada, and the US. Double-digit increases…
Global Update: October 21
Strong travel demand from the Americas and Europe replenishes passenger belly capacity according to recent airport data, but freighters will continue to play a significant role to move holiday goods and backordered materials around bottlenecked seaports. Increased consumer spending throughout…
Flights Canceled in Shanghai and Port ContainerYards Closed by Onset of Typhoon Chanthu
Due to the landfall of Typhoon Chanthu in the Shanghai region, air operations were suspended at Shanghai-Pudong International Airport (PVG) on September 13, with local announcements made in advance. All flights from and to PVG have also been pre-emptively cancelled…
Weekly Market Update: June 23 2021
Air Freight Hat-trick of new cargo airlines plan for take-off. The past week has seen three new companies – in the UK, Italy and Vietnam – reveal plans to enter the allcargo market as prices and availability of capacity make…
Global Update May 28, 2021
Overview That old industry adage about how 90% of the world’s goods move by ship is due for a revision with updated passenger destinations for the summer and stagnant sea freight conditions. With new long-haul flights poised to uplift pax-belly…
World Wide Customs Global Update: May 15
More and more airlines tap into cargo service expansion on word that the current global cargo crisis may not abate until the final quarter of 2021, while passenger confidence takes a turn for the volatile in both domestic and international…
Notice of unlimited general strike by Montreal dockworkers
The Port of Montreal, a public service paralyzed:Immediate, major and tangible impacts for the local population and SMEs Montreal, April 23, 2021 – The dockworkers’ union CUPE Local 375 having sent a notice of an unlimited general strike effective Monday…
Worldwide Update: April 22, 2021
Copper. Rubber. Plastics. Cotton. Chicken wings. Day in and day out, business journalists are reporting more raw material shortages across industries—a consequence of the metaphorical wedge that the global pandemic has driven between suppliers and consumers. But carriers—namely ocean alliances—show…
Global Update for April 9, 2021
IATA’s latest data shows global air demand is back to pre-pandemic levels, but capacity is still playing catch up as nations struggle to vaccinate populations and contain new outbreaks. Chartered cargo flights will see a demand uptick in the coming…
Suez Canal blocked by grounded container ship
Evergreen has provided this official message. Evergreen Marine Corp. received a notice from the shipowner of EVER GIVEN that the chartered vessel ran aground in Suez Canal at around 8 am local time on March 23. This accident occurred at…