This message was sent to ##Email##
|
|
|
.TOP NEWS
Supply chain interruption tops 2021 risks for business
Inside Logistics
Three Covid-19 related risks are top of mind for business as we enter the second year of the global pandemic. Business interruption (BI), pandemic outbreak and cyber threats were the three most frequently cited dangers businesses see on the horizon, according to the Allianz Risk Barometer 2021.
"The coronavirus pandemic is a reminder that risk management and business continuity management need to further evolve in order to help businesses prepare for, and survive, extreme events," said Joachim Müller, CEO of Allianz Global Corporate & Specialty (AGCS).
|
|
China spreads its wings
Inside Logistics
Signed in Hanoi, Vietnam on November 15, 2020, the Regional Comprehensive Economic Partnership (RCEP) between China and 14 other Asia-Pacific countries creates the largest Free Trade Agreement in the world: 15 countries, 2.2 billion people, a GDP of $US22.1 billion representing 28 percent of world trade and 30 percent of world GDP.
Collectively, member states of the RCEP make up almost one third of the world's population and of global GDP, putting it ahead of both the Canada-US-Mexico Free Trade Agreement and the European Union.
|
|
.RAIL
Rail traffic for the week ending February 20, 2021
AAR
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending February 20, 2021.
For this week, total U.S. weekly rail traffic was 377,904 carloads and intermodal units, down 21.7 percent compared with the same week last year.
Total carloads for the week ending February 20 were 171,642 carloads, down 26.3 percent compared with the same week in 2020, while U.S. weekly intermodal volume was 206,262 containers and trailers, down 17.4 percent compared to 2020.
|
|
|
|
 |
|
Quasar is an end-to-end supply chain optimization platform that enables the management and cost control of the supply chain for shippers. It’s a fully cloud enabled and digital platform designed to automate manual effort in tracking assets, as well as provide data and insights into how to optimize the supply chain from “order to cash.”
|
|
CN creates Indigenous Advisory Council, updates ESG policies
Progressive Railroading
CN's board announced yesterday the creation of an Indigenous Advisory Council (IAC), an independent body comprised of Indigenous peoples from across Canada.
The council's mandate is to advise the board and senior management on issues that either the company or the IAC believe are relevant to CN, company officials said in a press release.
|
|
.TRUCKING
Transport Canada stands firm on ELD deadline
Heay Duty Trucking
Transport Canada has reaffirmed the compliance deadline for using electronic logging devices. As of June 12, 2021, all carriers operating in Canada, who are currently required to use paper or electronic records of duty status, will be required to use a certified ELD.
"Transport Canada is committed to the coming-into-force timeline for electronic logging devices," a spokesperson told HDT in an emailed response to an inquiry about the compliance deadline. The spokesperson gave no indication of whether a period of soft or educational enforcement was being considered.
|
|
Business optimism returning in Canada
Today's Trucking
Business sentiment is improving and the prospects for trucking are positive, according to new economic reports from The Conference Board of Canada and BMO.
"Freight demand is up, with understandable spikes for consumer goods and foodstuffs," Paul DeMarchi, managing director, transportation finance, reported in the late BMO Blue Book, which provides an economic outlook for six sectors including transportation.
|
|
Trucking associations question new COVID-19 requirements at border
Today's Trucking
Canadian trucking associations are pushing back against plans to require border-crossing truck drivers to submit contact information and travel details through the ArriveCAN app, as well as any proposal to require drivers to submit recent COVID-19 test results.
Non-essential travelers now have to submit proof of a negative COVID-19 test taken within the previous 72 hours, but truck drivers are exempt from such requirements as essential workers. Their screening is currently limited to a series of questions asked at the land crossings.
|
|
.AIR
Clean Planet Energy makes green fuel breakthrough
Air Cargo Week
Sustainable and green-energy company, Clean Planet Energy, have announced a breakthrough product in their mission to significantly reduce carbon emissions in fossil fuel led transport.
Branded as 'Clean Planet Air' in their launch video, the certified Kerosene / Jet Fuel can be used as a direct replacement for the fossil fuel equivalent, yet it reduces C02 emissions by a minimum of 75% in comparison, whilst removing thousands of tonnes of waste plastics from the environment every year.
|
|
Exclusive: UPS pilots try rapid COVID test to avoid Hong Kong quarantines
American Shipper
UPS Airlines pilots are testing themselves for COVID midflight, using a novel rapid antigen device that has yet to be approved by the U.S., and sending the results ahead to Hong Kong in an effort to avoid lengthy government quarantines on arrival, FreightWaves has learned.
The express carrier is participating in a trial of the Covi-Stix detection kit manufactured by Sorrento Therapeutics to support Food and Drug Administration authorization and prevent pilots flying from the company's Anchorage hub from being isolated against their will in Hong Kong, according to an internal email shared with FreightWaves.
|
|
.MARINE
260 containers lost, 65 damaged in Maersk Eindhoven at-sea mishap
American Shipper
Maersk has confirmed 260 containers were lost overboard and an additional 65 damaged on the deck of the Eindhoven.
"As previously reported, the Maersk Eindhoven experienced a loss of engine propulsion for three to four minutes while sailing 45 nautical miles off northern Japan in heavy seas," a spokesman said recently.
|
|
Ocean carriers hold all the cards in contract talks with shippers
Freight Waves
It's annual-contract negotiation season for U.S. importers — and the hand they've been dealt couldn't be worse. The deck is heavily stacked in ocean carriers' favor.
Incredibly, Asia-West Coast spot rates are now nearing a base rate of $5,000 per forty-foot equivalent unit (FEU), not including a few thousand dollars of extra charges slapped on top. There's talk that spot rates could stay strong until Q4, if not 2022.
|
|
No rate relief in sight for ocean shippers as Lunar New Year passes
Supply Chain DIVE
How long the demand for Transpacific freight will last depends on how much consumers keep buying, potentially leaving businesses to work through a tight market to restock. The volume comes after inventories were purposely kept low in the early days of the pandemic, only to be met with a surge in consumer demand that no one expected, Jansen said.
"That's the demand side of it, which definitely has caught a lot of people by surprise," he said.
|
|
Hapag-Lloyd CEO: COVID, congestion, container shortage form 'perfect storm'
American Shipper
All eyes are on California's San Pedro Bay. Hapag-Lloyd focused on the congestion crisis at the ports of Los Angeles and Long Beach during a virtual press conference conducted from Germany with media outlets around the globe.
"Today there is fairly extreme port congestion," Hapag-Lloyd CEO Rolf Habben Jansen said, sharing an image crowded with dots representing ships anchored in San Pedro Bay waiting to berth. Jansen did not count the dots, but Port of LA Executive Director Gene Seroka this week dropped an astounding number: 62 ships were anchored awaiting berth space early Wednesday afternoon.
|
|
|
|
|
50 Minthorn Boulevard, Suite 800, Toronto, Ontairo, Canada L3T 7X8
|
