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Retailer DIVE
While some retailers like Target are coming off of a holiday high thanks to a favorable economic climate in 2018, others like Macy's and Kohl's have recently reported figures that are disappointing at best. Moving into the new year, uncertainty is quickly building over the potential impacts that the government shutdown, tariffs and a looming global economic slowdown will have on the retail economy.
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Progressive Railroading
Canadian Pacific announced record operating income of CA$874 million for the fourth quarter, a 28 percent increase compared with the same period in 2017.
CP's revenue for the quarter climbed 17 percent to CA$2 billion from CA$1.7 billion a year ago. Q4 diluted earnings per share (EPS) fell 43 percent to $3.83 from $6.77 a year ago, however adjusted diluted EPS rose 41 percent to a new quarterly record of $4.55 from $3.22 in 2017, according to a CP press release.
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RT&s
The Canadian Pacific Railway is planning extensive work in its famed Mount MacDonald Tunnel, the longest railway tunnel in the western hemisphere.
"It's our current most important asset," John Leonardo, general manager for wayside train control and communications, said of the tunnel, which carries trains through Rogers Pass. "But it's tired. The hardware for power, communications, signaling — it's obsolete."
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Progressive Railroading
U.S. rail traffic continued to trend in railroads' favor during the week ending Jan. 19, with a 6.9 percent increase in carloads and intermodal units compared with year-ago volume, according to Association of American Railroads (AAR) data.
Railroads' carload traffic increased 7.4 percent to 258,833 units, while intermodal volume climbed 6.5 percent to 284,278 containers and trailers compared with volumes during the same week in 2018.
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Financial Post
Canada's two major railways are rationing space on trains travelling to the country’s biggest port and recently prioritized some commodities over others to deal with congestion, the latest indication of their struggle to meet demand from new trade deals.
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Securiguard maintains a highly trained and fully certified K9-unit featuring dogs skilled in narcotic/explosive detection. Whether our clients are based on land, at sea or in the air, our services ensure added safety and peace of mind. Visit us at the Cargo Logistics Expo
in Vancouver, BC at booth #425 on Feb 5-7!
Learn more
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Valuepart Worldwide
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At Valuepart, we know the importance of providing you with fast availability of our quality undercarriage and repair parts inventory. This is why we maintain one of the largest North American networks of Depots and Warehouse facilities in the industry.
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Cargo Business News
At this time last year the freight transportation industry was trying to get a handle on one of the hottest-burning questions it's faced in a long time: how will the ELD change trucking?
In the months before the federal electronic logging device (ELD) mandate took effect in December 2017, many owner-operators and small fleets — which comprise the majority of trucking capacity — threatened to leave the industry rather than use an ELD.
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Canadian Trucking Alliance
Declaring the government was "motivated by the need for highway safety" in the wake of the Humboldt Broncos bus tragedy, Transport Minister Marc Garneau and his provincial counterparts announced the creation of a national mandatory entry level training standard for all new commercial truck drivers by Jan. 1, 2020; harmonized technical standards for electronic logging devices (ELDs); as well as enhanced road safety for impaired and distracted driving.
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Supply Chain DIVE
If freight shipments are an accurate proxy for GDP growth, as Cass believes they are, then GDP is growing a bit slower than the prevailing opinion dictates, according to the December report.
"Current consensus estimates of the GDP for the 4th quarter are predicting 2.8 percent, but using the Cass Shipments Index as a predictive proxy, this would leave us believing the number reported in January may fall short of those estimates," said the report.
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CBC News
The Ontario Trucking Association says there's a desperate shortage of truckers in Ontario and they have a solution: bring in foreign workers.
The association says it wants to bring in more foreign workers to do the job because long-haul trucking is a job people in Ontario don't want.
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Air Cargo Week
Freight volumes at Leipzig/Halle Airport have grown for the 14th year in succession, driven by DHL's express services, as well as charter flights.
In 2018, Europe’s fifth largest cargo hub handled 1.2 million tonnes of airfreight, representing growth of 7.3 percent over the previous year.
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Air Cargo World
American Airlines Cargo released its 2018 results in which net profit decreased, but traffic tonnage broke a new record of 90,700 tonnes. It also increased its cargo ton miles from 2,788 to 2,908 million — a four percent increase year-over-year.
The carrier some major hurtles over the year, including the impact of increased fuel costs as well as being forced to cancel 2,100 flights due to Hurricane Florence.
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Air Cargo Week
CHAMP Cargosystems and Icelandair Cargo have successfully participated in Transport Canada's PACT Pilot to assess shipments for security risks.
The Pre-Load Air Cargo Targeting (PACT) Pilot is a pre-load advance cargo information (PLACI) regulation pilot involving air carriers submitting shipment information prior to loading, in a similar manner to US Customs and Border Protections' Air Cargo Advance Screening program.
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Government of Canada
As part of Transportation 2030, the Government of Canada made changes to laws through the Transportation Modernization Act (Bill C-49) that will improve the transportation system. This included changes to the Coasting Trade Act.
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World Maritime News
CEOs and directors of around 100 ports and harbours around the U.K. polled by the Shipping and Maritime practice of Odgers Berndtson, a global executive search firm, have disclosed a startling lack of readiness for the looming Brexit.
With ten weeks to go to what is likely to be a no-deal Brexit, potentially resulting in disruptions and congestion at UK ports, little or no planning has been done, the poll shows.
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Hamilton Port Authority
The Hamilton Port Authority's 2018 cargo results are in, revealing the highest volume of cargo handled through the port in more than a decade.
More than 11.6 million metric tonnes of cargo was imported or exported through the Port of Hamilton during the 2018 shipping season, an 18 per cent increase over 2017's total.
"Many Hamiltonians remarked that the harbour looked especially busy with ships this year," said Hamilton Port Authority President & CEO Ian Hamilton.
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American Journal of Transportation
Following a fifth consecutive year in 2018 of record tonnage handled at the Port of Montreal, and the likelihood of similar anticipated growth in the coming years, the Montreal Port Authority has decided to work in priority with its terminal operators, Montreal Gateway Terminals Partnership and Termont Montreal Inc., to accelerate the execution of its business strategy for its container terminal project at Contrecoeur.
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USA TODAY
Quietly and below the radar, Amazon has been ramping up its ocean shipping service, sending close to 4.7 million cartons of consumers goods from China to the United States over the past year, records show.
This marks a significant move into what many believe is the company's overall strategy of eventually controlling much of its transportation network, from trucks to airplanes and now to ships.
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Canadian Shipper
The St. Lawrence Seaway Management Corporation (SLSMC) announced that tonnage on the waterway during the 2018 navigation season totaled 40.9 million tonnes. The highest result since 2007, much of the credit for the increase in tonnage can be given to healthy movements of grain, the best on record since the turn of the century.
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7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063
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