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General

Supply Chain Canada Conference
CITA
CITA, in partnership with SCL Canada, is pleased to present Supply Chain Canada, Mississauga Convention Centre, 75 Derry Road West, May 14-15, 2013. The 2013 program includes keynotes and workshops that will feature inspiration-to-action conversations and insights tailored to your priorities. Connect with colleagues at the many networking events! Leave with new skills, creativity and energy – get ready to be inspired! For more information or to register, please visit the Supply Chain Canada website at http://supplychaincanada.com.
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Canadian international merchandise trade
Bloomberg
The following is the text of Canada's international merchandise trade report for March from Statistics Canada. Canada's merchandise exports increased 5.1 per cent in March and imports rose 1.7 per cent. As a result, Canada's trade balance went from a deficit of $1.2 billion in February to a surplus of $24 million in March.
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Trucking


USDA suggests new fees at Canada-U.S. border
CP24
Canadian manufacturers fear even more fees may be looming at the Canada-U.S. border as the U.S. Department of Agriculture recommends revenue-generating measures that could result in higher costs. In a presentation to stakeholders in the U.S. capital, the department suggested new border fees because some federal agencies, including U.S. Customs and Border Protection, are currently providing free services at America's borders.
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PRODUCT SHOWCASE
  Atlantic Container Line

Since 1967, ACL transports breakbulk, project, oversized cargo, heavy equipment, containers & vehicles between No. America & Europe. A Grimaldi Group Company, ACL offers 5 transatlantic sailings & direct RORO/Container Service between No. America, W. Africa & the World. Coming 2015, First of Its Kind CONRO transportation! ACL's NEW G4 vessels take transportation to a new dimension of service & innovation. Check www.nextgenerationconro.com for information.
 


Rail


Canadian Pacific's revenue hits record high
The Journal of Commerce
Canadian Pacific Railway eported its net income in the first quarter of 2013 was $217 million, a 51 per cent jump from $138.4 million in the first quarter of 2012. Quarterly revenue was a record $1.5 billion, increasing 9 per cent year-over-year. Operating income in the first quarter of this year was $352.8 million, an increase of 32 per cent compared with the same period in the previous year, and the operating ratio was an all-time high of 75.8 per cent, a 430 basis point improvement.
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Canada's largest train operator says crude-by-rail on track to expand
Reuters
Canada's biggest railway operator, which saw its crude-by-rail revenue jump 300 per cent in the first quarter, said that what had begun as smaller players building smaller terminals has turned into something bigger. "We have a number of larger-scale refineries or integrated producers with which we are having dialog as we speak," Chief Executive Claude Mongeau said in a conference call on the firm's latest earnings, which took a big hit due to extreme winter weather.
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Canadian National's first quarter profit plummets
Topix
Canadian National reported net income in the first quarter of 2013 totaling C$555 million, a decline of 28 per cent from $755.2 million in the first quarter of 2012. First quarter of 2013 profit results included an after-tax gain of $35.1 million, and first quarter 2012 included an after-tax gain of $245.6 million from the sale of rail line segments in the Toronto, ON, area to a public transit agency.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Canada's exporters not tapping into vast emerging market potential: CIBC report (Canadian Transportation & Logistics)
Rebuild Highway 75, says Manitoba Trucking Association (CBC News)
CN Railway profit hurt by winter weather chill (Reuters Canada)

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Air


U.S. flight delays pile up as air controllers forced to take off due to budget cuts
Vancouver Sun
Flight delays piled up across the country as thousands of air traffic controllers began taking unpaid days off because of federal budget cuts, providing the most visible impact yet of Congress and the White House's failure to agree on a long-term deficit-reduction plan. The Federal Aviation Administration kept planes on the ground because there weren't enough controllers to monitor busy air corridors.
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FEATURED ARTICLE
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TRENDING ARTICLE
U.S. flight delays pile up as air controllers forced to take off due to budget cuts
Vancouver Sun
Flight delays piled up across the country as thousands of air traffic controllers began taking unpaid days off because of federal budget cuts, providing the most visible impact yet of Congress and the White House's failure to agree on a long-term deficit-reduction plan.

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GE Power Conversion books LNG ship, FSRU orders
Marine Log
GE's Power Conversion business announced it has been awarded new contracts for orders of electric power and propulsion systems on two liquid natural gas carriers and an LNG Floating Storage Regasification Unit.

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Low-cost Norwegian Air launches cargo company
Reuters
Low-cost carrier Norwegian Air Shuttle is launching a stand-alone cargo company to exploit the growing capacity of its network as it expands the number of air routes it has around the world, the firm mentioned.

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Marine


Hong Kong shippers work round strike
Mantoria
As industrial action by Hong Kong dockworkers has entered its fourth week, shippers say they are seeing shorter, more predictable delays at core terminals. Although import cargoes can be still delayed for days, exporters are returning to normal schedules in Hong Kong after diverting some cargoes to Shenzhen.
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Newer ports in Canada, Mexico lead North American growth
BDP International
The United States may be the trade capital of the world, but if you're looking for North America's fastest-growing container ports, you'll have to look north and south of its borders. Among the Top 25 North American ports, only two U.S. ports, Tacoma and Virginia grew at a double-digit clip in total containerized trade last year, at 23.7 per cent and 11.4 per cent, respectively.
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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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