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EDC
How will your export business navigate the post-Brexit economic waters? Emmanuelle Mansart, a country risk analyst at EDC, shares how you can prepare your business for the various outcomes.
Brexit is back in the limelight — again. Just a few days before the official Oct. 31 deadline, the European Union has agreed to extend the Article 50 exit process for the United Kingdom until Jan. 31, 2020.
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Markets Insider
The trade war is taking a massive toll — earlier this week, the World Trade Organization warned that global trade was stalling because of it.
Goldman Sachs economists said the trade war was hitting China the hardest — mainly because of the drop in net trade.
The bank does expect an "extended truce" and sees the drag on growth waning next year, "assuming that tariffs stay at current levels through 2020."
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Progressive Railroading
About 3,000 conductors, trainmen and yard workers employed by CN walked off the job early this morning, launching the first strike at the Class I in a decade.
"Conductors, trainpersons and yard workers at CN are now officially on strike!" Teamsters Canada announced today on Twitter, after both organizations failed to resolve contract issues.
The Teamsters Canadian Rail Conference (TCRC), which represents the workers and is the largest union at CN, issued a 72-hour strike notice to the Class I after negotiations stalled.
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FMA
CN accounts for more than half of the 42,000 km rail network in Canada. The revenues of CN compared to its main competitor, CP, are indicative of the size and scope of CN's operations. At the end of the third quarter, CN's gross revenue was $11.3 billion compared to CP's $5.7 billion. The strike at CN is a major disruption to the Canadian economy.
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Canadian Shipper
BlackBerry Limited announced that Class 1 railway, Canadian Pacific is deploying BlackBerry Radar across 2,000 of its domestic intermodal chassis.
With the deployment of the BlackBerry Radar asset monitoring solution, CP will have rich data on their chassis providing enhanced visibility to their operations as well as to the supply chain. CP will install the 2,000 devices across its chassis fleet at the company’s Vaughan Intermodal Terminal in the Greater Toronto Area.
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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 4-6!
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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AAR
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending November 16, 2019.
For this week, total U.S. weekly rail traffic was 501,249 carloads and intermodal units, down 8.4 percent compared with the same week last year.
Total carloads for the week ending November 16 were 239,647 carloads, down 8.9 percent compared with the same week in 2018, while U.S. weekly intermodal volume was 261,602 containers and trailers, down 7.9 percent compared to 2018.
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Canadian Shipper
Prime Minister Justin Trudeau's new cabinet could find itself moving faster than anticipated to deal with anger in the West over challenging economic conditions, in the face of a rail strike that a growing number of industry leaders say could trigger layoffs and closures and cost millions.
The Liberals are being urged to step in with legislation to end the strike by roughly 3,200 Canadian National Railway Co. workers, which began early Tuesday after the workers and CN failed to reach a deal.
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North Shore News
A strike at Canadian National Railway Co. has left Quebec with fewer than five days before it runs out of propane, said Premier Francois Legault, who warned of an "emergency" that could wreak havoc at hospitals, nursing homes and farms.
The shortage comes as pressure mounts on the one-day-old Trudeau cabinet to reconvene Parliament ahead of schedule and legislate the 3,200 striking workers back to work.
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Today's Trucking
In 2018, there were more cargo thefts in Canada than in the entire U.S., with Peel Region being the second busiest jurisdiction for thieves behind only California.
But it's a startling statistic, especially when you consider California has a population of 40 million people, while Peel Region is home to just 1.4 million. Todd Moore, vice-president of cargo theft and specialty risk with ISB Global Services, addressed the issue at a Biz and Breakfast hosted by ISB on Nov. 13.
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Canadian Shipper
Uber Freight's launch of a dedicated freight app for Europe left many Canadian firms scratching their head earlier this year, wondering why the U.S.-based digital freight matching service would bypass this market.
It turns out that it was only a matter of time. On Oct. 14, 2019, the service supported a food shipment from Mississauga, Ont. to Montreal, including a backhaul and day move in between.
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The Load Star
IATA could face a serious backlash from CASS payments system participants — as well as financial supervisory authorities — over allegations of financial irregularities.
IATA has been reported to German financial authority Bafin over potentially significant issues in its CASS system.
It is claimed that IATA is advancing funds, but has not been enabling CASS members to see any exposure to risks.
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Canadian Shipper
The BelugaXL cargo freighter has received its Type Certification from the European Aviation Safety Agency (EASA), paving the way for entry-into-service by early 2020.
The aircraft is an integral part of Airbus’ industrial system and a key enabler for production ramp-up requirements beyond 2019. The BelugaXL allows for 30% extra transport capacity being seven metres longer and one metre wider than its BelugaST predecessor.
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Manitoba Co-operator
For the first time in 20 years, Manitoba shipped more grain through the Port of Thunder Bay than Saskatchewan.
"Historically, Manitoba grain has accounted for about a third of the grain shipments through Thunder Bay," Chris Heikkinen, the port's communications and research co-ordinator, said in an email Nov. 5. "This has changed over the past five years."
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The Maritime Executive
Chile's dockers have joined the widespread protests sweeping the South American nation, disrupting commerce at multiple ports up and down its coastline. Protesters representing a broad range of Chilean society are calling for economic and political reforms — chief among them, a higher minimum wage and a popular consultation process to draft a new constitution.
"Ports are paralysed from Arica to Punta Arenas," said Eduardo Rojas, an Antofagasta dockworker union leader, speaking to Al Jazeera.
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