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Report: Canadian exporting companies shifting markets
Canadian companies are starting to venture into new foreign markets in search of sales opportunities, according to a semi-annual report by Export Development Canada.
EDC is Canada's trade bank, and the leading provider of financing for small Canadian companies that sell to customers outside of Canada.
EDC's Trade Confidence Index measures how Canadian exporters and investors are feeling about their business opportunities in the next six months.
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CSX opens intermodal terminal near Montreal
CSX Corp. yesterday announced the opening of its new intermodal terminal in Salaberry-de-Valleyfield, Quebec.
Located in the Perron Industrial Park about 40 miles from Montreal, the $100 million facility expands the Class I's intermodal capacity and offers Canadian customers domestic and international service that connects with the railroad's 21,000-mile U.S. network, CSX officials said.
"Opening a terminal near Montreal creates an opportunity to build relationships with new customers on our network, expand access to new markets and improve the efficiency of the North American supply chain," said Executive Vice President and Chief Commercial Officer Clarence Gooden.
CMA CGM: Further shipping industry consolidation lies ahead
The cost of giant new container ships and the fierce competition to fill them has triggered a bout of consolidation in the shipping industry that is likely to continue, according to an executive at French shipping giant CMA CGM.
Earlier this year, CMA CGM teamed up with China Shipping Container Lines Co. and United Arab Shipping Co. to share vessels and port facilities on some of the world's largest trades. The Ocean Three alliance was formed after Maersk Line and MSC — the planet's two biggest container-shipping companies — announced a similar cooperative agreement in July.
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Vancouver port could be hit by Christmas strike, union warns
Vancouver-area ports could be shut down once again by striking truckers if the province doesn’t budge on recently introduced payment rates.
"They're very unhappy," said Gavin McGarrigle, British Columbia-area director for Unifor. "All options are on the table."
McGarrigle warned that if movement doesn’t happen soon on the file, "it could be a rocky Christmas."
Union slowdown causes tension at container terminals
Four months after the expiration of their labor contract, longshoremen and container terminal operators appear to be headed into a dispute over work slowdowns at several West Coast ports.
A previous agreement between the International Longshore and Warehouse Union and a group representing operators, the Pacific Maritime Association, ended in July but longshoremen agreed to continue working while negotiating a new deal.
Municipalities to stay the course on CN Rail corridor, despite opposition
Proponents of purchasing a railway corridor are staying the course despite high-profile opposition.
The Okanagan Indian Band has come out against the agreement British Columbia jurisdictions have signed to purchase the Canadian National line from Coldstream to Kelowna for $2 million. The band insists the corridor is part of an outstanding land claim.
"We have no control over that and we're working through the rules as we know it. To just stop (the purchase process), we would lose that opportunity," said Jim Garlick, Coldstream mayor.
New regs require rail companies to identify, report safety risks
The Honourable Lisa Raitt, Minister of Transport, announced regulations that aim to help prevent accidents and improve railway safety. The new Grade Crossings Regulations establish new safety standards for federally-regulated grade crossings. Amendments to the Transportation Information Regulations will help identify and address safety risks proactively, the government said in a release.
A grade crossing, also known as a road or level crossing, is where a railway line crosses a road at the same level.
Canadian Pacific bullish on crude-by-rail cargo
Bloomberg via Regina Leader-Post
Canadian Pacific Railway Ltd. is poised to meet a goal to boost crude shipments by at least 67 per cent next year as oil producers and pipeline companies continue to build terminals even amid a bear market for the commodity.
"From the intelligence we get from our customers that are buying the crude, I don't think the bottom is going to drop out" of the business, Chief Operating Officer Keith Creel said during an interview in Toronto.
RBC Compass releases 2015 North American Railroad Shipper Survey
RBC Dominion Securities Inc. has released its RBC Compass, 2015 North American Railroad Shipper Survey.
The survey taps into the views of the Class 1 railroads' top customers, with key findings focusing on shippers' expectations for 2015 regarding: the direction of rail rates, volume growth, and service performance.
This year, the survey also solicited shippers' views on recent changes to Canadian rail regulation as well as anticipated market shifts between CNR and CP, said analyst Walter Spracklin.
Measures aim to reduce rail-crossing crashes
The Canadian Press vai MetroNews
The federal government has introduced long-awaited regulations aimed at reducing deadly train collisions at level crossings.
The regulations, to take full effect over the next seven years, establish consistent grade crossing safety standards across Canada and clarify the responsibilities of rail companies and road authorities.
DOT eliminates $1.7 billion annual paperwork burden for trucking industry
U.S. Transportation Secretary Anthony Foxx announced that professional truck drivers will no longer have to comply with a burdensome daily paperwork requirement, saving the trucking industry an estimated $1.7 billion annually without compromising safety.
"We delivered big on President [Barack] Obama's call to cut red tape and waste," said Secretary Foxx.
Controversial US hours-of-service reset provisions suspended for 2 years
Two of the more contentious elements of the U.S. hours-of-service regulations put into place in 2013 has been suspended for two years as part of an omnibus spending bill voted through recently.
President Barack Obama must sign the bill and the FMCSA and states adopt the revisions before the changes go into effect. Once these formalities have been completed, drivers will no longer have to include two overnight periods of 1-5 a.m. during their 34-hour reset. They will also no longer be limited to one reset period per week.
Winter brings new routes, more capacity at Air Canada
Air Cargo World
Looking ahead to the winter season and the rest of 2015, Air Canada has expanding its long-haul widebody passenger and cargo service to several regions of the world, including South Asia, the Middle East, Latin America, North America and Europe.
Last month, Air Canada Cargo began year-round direct service between Delhi, India, and Toronto's Lester B. Pearson International Airport. The four-times-week route is currently served by one of the carrier's six new 787-8 aircraft.
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Boeing to slow 747-8 production in 2015
Air Cargo World
September, Boeing said it plans to scale back its production of the 747-8 from 1.5 aircraft per month to 1.3. The decrease equates to two fewer planes rolling out of Boeing's Everett, Washington, plant per year. There are no new orders for the jumbo jet this year, in either a passenger or freighter configuration. The cut is being made "because the near-term recovery in the cargo market has not been as robust as expected," said Doug Alder, a spokesman for Boeing.
Survey: US West Coast ports likely to lose market share in 2015
Journal of Commerce (Subscription required)
Sixty-six percent of U.S. shippers surveyed by JOC.com say they plan to ship less cargo through the U.S. West Coast next year because of ongoing congestion and delays, suggesting that ports from Long Beach to Seattle could lose market share just as they did after a 10-day work stoppage in 2002.
Forty-four percent of the shippers that plan to ship less cargo through the U.S. West Coast say they will reduce their throughput between 10 and 30 percent at such ports, according to a survey of 87 shippers. The majority of shippers — around 36 percent — said they planned to shift the most of the cargo from U.S. West Coast ports to U.S. East Coast ports.
Drewry: Maersk, Hamburg Süd are top 2 most reliable container carriers
Maersk Line and Hamburg Süd are the top two most reliable container carriers, according to rankings published in the latest issue of the Carrier Performance Insight by Drewry Maritime Research.
Maersk Line and Hamburg Süd were by far the most reliable carriers in the three months ending October 2014, Drewry says, with overall on-time performances of 80.4 percent and 78.5 percent, respectively. The next best performing carrier was Cosco at 69.9 percent, with its CKYHE Alliance partners — Evergreen, K Line, Hanjin Shipping and Yang Ming — not too far behind.
FMC to launch website to track congestion surcharges
Journal of Commerce (Subscription required)
The U.S. Federal Maritime Commission will launch a website soon that will serve as a clearinghouse for port congestion surcharges, following industry confusion over planned U.S. West Coast surcharges, Commissioner Michael A. Khouri said.
"The commission is gathering information from the carriers to compare announcements and actual tariff language to ensure there is consistency between language and implementation," Khouri said at JOC Group's 2nd Annual Port Performance Conference-North America in Newark, New Jersey.
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