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 General

CN Rail, Agrium reach 52 week high
Stock House    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The second company to make the 52 week high list was Canadian National Railway. The stock hit a new peak of $96.20, before closing at $95.55, for an increase of 1 per cent. The railway company said its profit increased to $610 million in the fourth quarter, or $1.41 per diluted share, with record revenue and carloads. More


Ottawa introduces rail freight service legislation CN, CP and Coalition of Rail Shippers respond
Canadian Sailings    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The bill to create the Fair Rail Freight Service Act was introduced to give companies that ship goods by rail the right to a service agreement with railways. It will also create an arbitration process to establish an agreement when commercial negotiations fail. This announcement fulfills a key commitment following the recommendations made by the Rail Freight Service Review Panel in 2011. More

Parcel shipping analysis addressing 2013 carrier cost increases
Transportation and Logistics    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Global supply chain information and technology company Data2Logistics has released its freight parcel analysis study for supply chain cost savings addressing 2013 price increases. The analysis identifies shippers exposure, impact and options to mitigate avoidable supply chain transportation costs by determining what portion of their parcel expenditure is exposed to pricing increase, data mining shippers historical supply chain flow to determine service efficiencies and associated cost savings, in light of this years air and ground parcel price increases. More

 Trucking


Nothing unprofessional about truck drivers
The Province    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Hardly a week goes by that I don't hear another set of statistics, another sad story, about how we baby boomers, those born between 1946 and 1964, are leaving the workforce in droves and not enough workers are coming in to fill those vacancies. It may be a sad story, but it is real fact, especially in the commercial trucking industry in our country. More

Trucker shows cabinet minister a thing or two about trucking
Today's Trucking    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Trimac driver and Road Knight Dennis Hokanson played tutor to the king. Hokanson was tapped by the Alberta Motor Transport Association to tour Cowtown in a new KW pulling a pair of super-b's while that province's Minister of Transportation Ric McIver rode shotgun. More

 Rail


Liberals question future of northern rail service
CBC News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The province's Liberal Party says declining traffic and a lack of funding for CN Rail is jeopardizing the future of a rail service in northern New Brunswick. CN Railway is looking for $50 million from the New Brunswick government and other partners to maintain freight rail service in the northern part of the province. More

Canadian Pacific announces solid fourth quarter
Canada Newswire    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Canadian Pacific Railway announced its fourth-quarter 2012 results. CP's diluted earnings per share, excluding significant items comprised of labour restructuring and asset impairment charges was $1.28. This compares favourably with fourth quarter of 2011 diluted earnings per share, exclusive of significant items of $1.11, an improvement of 15 per cent. More

 Air


DHL predicts positive outlook for African air cargo industry
Business Day Live    Share    Share on FacebookTwitterShare on LinkedinE-mail article
After recording single digit growth, logistics giant DHL has forecast a positive outlook for the air cargo industry in Africa, despite high fuel prices and global cargo volumes contracting 2 per cent. Africa accounts for about 1.8 per cent of the $5.3 trillion global industry. More

Schiphol's E-freight drive continues
Air Cargo World    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Dutch government's project to promote paperless air cargo through Schiphol airport has resulted in a five-fold increase in E-freight shipments through the Amsterdam Airport. The $1.6 million E-Freight project was launched in July 2010. In 2010, only 1,665 shipments were sent as paperless e-freight. By December 2012, the annual total had risen to 21,176. More

 Marine


Proposal to boost capacity of pipeline could mean more oil tanker traffic in waters
The Times Colonist    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Federal promises to create a network of marine protected areas are progressing at a snail's pace, and there are fears that federal cutbacks will slow the process even further, says a report by the Canadian Parks and Wilderness Society. Canada made a commitment in 2010 to protect at least 10 per cent of coastal and marine areas by 2020, but, with only one per cent protected so far, there is a long way to go, said Sabine Jessen, the conservation group's national oceans manager. More

Coastal Shipping Limited fined $100,000
The Labradorian    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The trial against Coastal Shipping Limited, a company that is owned by the Woodward Group Of Companies, was scheduled to last five days. But it was over on the first day of the trial, when the company pled guilty to two of three charges. The other charge was dropped. The trial stemmed from an incident that occurred on Sept. 19, 2009, in Gilbert Bay, located near Port Hope Simpson. More


 

CITA News Bulletin
Frank Humada, Director of Publishing, 289.695.5422
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Daniel Carelli, Content Editor, 289.695.5417   
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