|This message contains images. If you don't see images, click here to view.|
Advertise in this news brief.
Freight panel to lawmakers: Increase spending on highways, ports and rail
A panel that was created by lawmakers to issue suggestions about improving the U.S. freight transportation system is recommending that lawmakers approve more funding for roads and highways.
The House Special Panel on 21st Century Freight Transportation issued its findings after holding six hearings with shipping industry stakeholders in places like California, Tennessee, New York and Norfolk, Va.
US House panel releases freight transportation recommendations
The Journal of Commerce
The U.S. House Transportation and Infrastructure Committee's Panel on 21st Century Freight Transportation released its final report on the current state of freight transportation in the U.S., including its recommendations for improvements.
Harmony not even close
A cross-border bid to harmonize Canadian and U.S. regulations is making paltry progress despite personal endorsements from the prime minister and president, say manufacturers. The Regulatory Cooperation Council, announced with fanfare in 2011, has not generated the changes that were expected, says the Canadian Manufacturing Coalition. In a letter, manufacturers said standardization of rules had proceeded too slowly.
Proposed bill would undo changes to US HoS restart provision
The American Trucking Associations is applauding a proposed bill that would put the brakes on the new hours-of-service restart provision that was implemented.
"When the Federal Motor Carrier Safety Administration went ahead with its changes to the restart rule, it did so without waiting for essential research to be completed," said ATA president and CEO Bill Graves.
Good news ahead for global and Canadian economies, Newman tells CITT
After five tough years, the global economic picture is starting to shape up for the better and Canada is well-positioned to take advantage of the new opportunities, according to David Newman, a transportation market analyst with Cormark Securities and the luncheon speaker at a CITT conference.
Newman said from the outset that he was bearing good economic news and he delivered on several fronts.
Record Canadian grain harvest tests transportation system
The Vancouver Sun
Record grain harvests on the prairies are straining Western Canada's transportation system as farmers struggle to get their bumper crop to West Coast export terminals.
Shipping terminals in Vancouver and Prince Rupert, British Columbia, are running at capacity, prairie grain elevators are full and the elevator operators could use about twice the number of rail cars that railways are able to provide to get the waves of grain off farms.
Missed last week's issue? See which articles your colleagues read most.
CP rail's profit jumps as freight revenue rises, costs fall
Canadian Pacific Railway, Canada's No. 2 rail operator, reported a higher profit for the third quarter as freight revenue improved and operating costs fell. The U.S.-listed shares of the company rose nearly 2 percent before the bell. Canada's largest rail operator, Canadian National Railway Co , also reported a jump in revenue, reflecting higher freight volumes due to strong energy markets and a North American economic recovery.
Minister Raitt reiterates the government's commitment to strengthening land border and aviation security
The Honourable Lisa Raitt, Minister of Transport, addressed the SecureTech 2013 Conference on the Government of Canada's ongoing work to strengthen the security of Canada's land borders and aviation system.
"Our government is pursuing an ambitious trade agenda that requires safe and secure supply chains to move products to market," said Minister Raitt. "In today's global economy, a solid economy relies on solid transportation security."
Airfreight capacity crunch out of Asia
Canadian International Freight Forwarders Association
We're receiving reports that indicate an increase in demand for air cargo space out of Asia into both Europe and the U.S. in recent weeks. The increase in demand is said to be due to a number of factors including the recent improvements in the U.S. economy, Europe exiting their recession and since late summer an improvement in China's manufacturing sectors leading to increased exports.
Other sources report growing backlogs throughout major Asian airports to North America, indicating tightening capacity and probable rate increases. Additional contributing factors include seasonal volumes, announcements by the large electronic companies on the release of their latest products and reports of airline capacity cuts.
A report in American Shipper said that "Electronics makers typically charter freighters well in advance of their releases to ensure distribution centers and stores are well stocked to meet the public's appetite for the latest gadgets, which can make it difficult for other shippers to book space with air carriers. It also appears that other high-tech companies are shifting some of their ocean movements to air."
Furthermore the report states that "The market for spot rates out of China to North America and Europe is up by 15 percent to 25 percent since early this month. The traditional peak shipping season that begins for ocean carriage in August and a bit later for air transport ahead of the holiday sales period has been largely absent since the recession because of weak economic conditions and better planning by businesses to flatten out shipment flows over several months and avoid order surges. But demand for airlift capacity could be greater in the fourth quarter because the late Thanksgiving holiday in the United States means retailers will have six fewer shopping days before Christmas and will need a faster transport option for replenishment of popular, high-value goods."
It should also be noted that the Chinese New Year is early in 2014 (Jan. 31); demand leading up the holiday is historically forecast to be higher during this period and with the upturn in Chinese manufacturing and exports, we can expect a bigger capacity crunch than we have experienced in recent years.
Some airlines of course have been taking advantage of tightening cargo capacity from China to North America and Europe, to implement rate increases. A decrease in lift combined with a spike in demand would most certainly contribute towards backlogs, delays and price increases from China, Hong Kong and Taiwan over the last few weeks. Members are advised to plan accordingly and book in advance whenever possible.
Minister Raitt discusses safe and efficient marine transportation at the 2013 World Maritime Day observance conference in New York
The Honourable Lisa Raitt, Minister of Transport spoke to participants at the 2013 World Maritime Day Observance Conference in New York about Canada's commitment to safe, secure and sustainable marine practices. The event was hosted by the North American Marine Environment Protection Association and the United States Coast Guard.
"Canada has had a strong working relationship with the NAMEPA since 2008 and we are delighted to join you in observing World Maritime Day," said Raitt. "Moreover, we were pleased to be named recipient of NAMEPA's 2013 Government Agency Marine Environment Protection Award."
Ocean carrier rate revision roundup for Nov. 1
The Journal of Commerce
Major container lines have announced planned rate increases for a variety of trades, as detailed, slated to take effect in November and December.
Shippers urge Brussels to investigate P3 alliance
A powerful group of shippers has
raised concerns about the proposed
joint fleet operations between the
world's top three container lines.
The Global Shippers' Forum, which
represents shipper interests from
around the world, has sent a list of
questions to the European
Commission's competition directorate
about the P3 network being formed by
Maersk Line, Mediterranean Shipping
Co. and CMA CGM.
US Marine regulations could cost the Canadian economy $1.1 billion
A report released by the Canadian Shipowners Association has found that American regulations to require the installation of ballast water treatment equipment on Canadian domestic vessels beginning in 2014 will cost the Canadian economy $1.1 billion over the next five years. Further complicating this situation is the reality that ship owners cannot comply with the regulations at this time, as the appropriate technology does not exist.
FMC's P3 summit proposal wins support
Plans by the Federal Maritime
Commission to host a global summit
to discuss the proposed P3Network
have been welcomed by other
regulators as well as shipper groups.
FMC Chairman Mario Cordero
announced plans to invite
competition officials from Europe and
China to a meeting in Washington to
consider the implications of such a
huge tie-up between the world's three
largest container lines.
50 Minthorn Blvd., Suite 800, Thornhill, ON, L3T 7X8