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General

Canada, EU conclude free trade deal
Canadian Transportation & Logistics
The European Union and Canada have agreed a multibillion-dollar trade pact integrating two of the world's largest economies, said a Reuters report. The deal makes Canada the only G8 country — and one of the only developed nations anywhere — to have preferential access to the world's two largest markets — the EU and the United States — home to a total of 800 million people, said the report.
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Top Canadian railroad stocks at record as profits beat estimates
Bloomberg
Canadian Pacific Railway Ltd. and larger rival Canadian National Railway Co. surged to all-time highs after the companies reported third-quarter earnings that beat analysts' estimates. Shares of Canadian Pacific gained 8.8 percent in Toronto, after reaching the highest price since the railway was spun off from its parent in 2001.
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Trucking


Truckers want reboot of MTO tow truck safety committee
Truck News
The Ontario Trucking Association is urging the provincial Ministry of Transportation (MTO) to reestablish a special committee dedicated to finding ways to encourage faster clean-up of highway collisions and get traffic in vital GTA corridors moving quickly again. The committee — comprising the MTO, the OPP, OTA, the Insurance Bureau of Canada, and representatives of the Ontario towing/recovery industry — was formed in 2006 under the direction of former Transportation Minister Harinder Takhar.
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Want a Commercial Vehicle Operators Registration in Ontario? Do the test
Today's Trucking
Until relatively recently, all a person in Ontario had to do to get a Commercial Vehicle Operators Registration was provide some identifying information and pay the fee. Now — since Oct.1 — you have to prove you know something about the industry you're getting into.
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Rail


CN assures that railway is safe for moving energy products
The Globe and Mail
Canadian National Railway Co.'s earnings are riding high as the company books healthy gains in freight volumes, led by a 17-percent jump in shipments of petroleum and chemicals. The railway's third-quarter profit of $705 million topped expectations, and it announced a stock split.
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Canada aims to continue bolstering rail safety, transport minister says
Progressive Railroading
In a speech to the Advisory Council on Railway Safety, Canadian Transport Minister Lisa Raitt described ways the Canadian government is trying to bolster rail safety in response to the fatal train derailment in Quebec.
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Canada sets new oil tests to improve rail safety
Bloomberg via Financial Post
New rules will boost costs to transport crude by rail in North America as trains are forecast to carry as much as 2 million barrels a day — about equal to what flows daily from Norway. "You're going to see a massive flood of spending to get ahead of these government regulations," Jerry Swank, managing partner at Dallas-based Swank Capital, said during the Bloomberg Link Oil & Gas Conference in Houston.
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Air


Middle class growth will boost air cargo
Air Cargo World
Growth of the middle class in China and other emerging economies will contribute to the future of air cargo, said Des Vertannes, global head of cargo at the International Air Transport Association. Vertannes said in a conference call with media that as emerging economies begin to mature, the ballooning middle class will help air cargo. "Whatever the situation, the opportunity for me is in the way the world trade is progressing and particularly the growth in the middle class," he said.
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US government shutdown worries Canada's exporters
The Globe and Mail
Mel Svendsen, CEO of Standen's Ltd., a maker of truck, trailer and farm machinery parts, got up to see if the budget standoff in Washington D.C., had led...

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Minister Raitt highlights importance of women in Canada's shipping industry
Truck News
Lisa Raitt, Minister of Transport, addressed participants at the 33rd Women's International Shipping & Trading Association Conference about important...

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Transport Minister meets with Federation of Canadian Municipalities on safe transportation
Canadian Transportation & Logistics
The Honourable Lisa Raitt, Minister of Transport, met with the Federation of Canadian Municipalities as part of a continued open dialogue...

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Marine


Global shipping expert joins World Maritime Day Risk Management panel
MarineLink.com
Clay Maitland, chairman of the North American Marine Environment Protection Association, announced that Morten Arntzen will moderate the risk management panel at the North American World Maritime Day Observance being held aboard the Hornblower Infinity in New York. Arntzen has been involved in the global shipping industry continuously since 1979 in a variety of capacities: credit analyst, banker, underwriter, advisor, arranger investor, board member, CEO and speaker.
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FMC Chairman calls for global regulatory summit on P3 Alliance
MarineLink.com
U.S. Federal Maritime Commission Chairman Mario Cordero issued a call to fellow regulators in the European Union and the People's Republic of China, to join with him in a Global Regulatory Summit on the proposed P3 Global Alliance of the world's three largest container carriers: Maersk Line, CMA-CGM and Mediterranean Shipping. The Summit would take place in Washington, D.C., with regulators to discuss their respective regulatory roles in considering the impact of the announced Alliance.
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CITA News Bulletin
Frank Humada, Director of Publishing, 289.695.5422
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