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Canada Logistics Conference 2015 announces full program of learning sessions, networking events
Canada Logistics Conference, the annual thought leadership event for the supply chain logistics sector, presented by CITT, has opened registration as it announces its complete program. Taking place in Niagara Falls, Canada Logistics Conference 2015 begins Oct. 25 with an opening networking reception, where shippers, carriers, and ancillary service providers will mingle and network prior to two days of educational sessions hand-picked for industry relevance. The seven learning sessions will run Oct. 26-27, and will be interspersed with many dedicated networking breaks.
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John Nash's contribution to supply chain logistics
Renowned mathematician John Nash Jr. and his wife Alicia, the subjects of the book/movie "A Beautiful Mind," were killed in a car accident in New Jersey.
According to Forbes blogger Paul Martyn, Nash's work is significant to the practice of modern day strategic sourcing. Although he did not invent "game theory," Nash extended the analysis beyond zero-sum and won a Nobel Prize in the process.
His work is not only key to the logic that governs various auction designs, but is even more relevant in the context of complex and collaborative procurement environments.
US issues electronic stability control mandate for trucks
The U.S. Transportation Department's National Highway Traffic Safety Administration said it has finalized rules requiring electronic stability control systems on new commercial trucks and large buses.
The regulations require the systems on Class 6-8 trucks plus large buses exceeding 26,000 pounds in gross weight.
Compliance will be evaluated using a "j-turn" test that replicates a curved highway off-ramp.
Analyst: Rail stocks are mispriced
The Globe and Mail
A deepening slump in railways' energy shipments has analysts and even the companies themselves revising forecasts for profits, share prices and freight volumes.
The industry-wide re-think comes as the number of carloads hauled by North American railways has declined by about 2 per cent this year, led by steep plunges in carloads of coal, oil and grain.
But Credit Suisse analyst Allison Landry said consensus expectations for profits and share prices still are "too high" for the six big publicly traded railways.
CP, CN face 'near impossible' comparisons to last year's gangbuster results
The two biggest Canadian railways are facing stronger volume headwinds and "near impossible" comparisons to last year's gangbuster results, resulting in a downgrade for one and price target cuts for both at Raymond James.
Lower volumes of grain, crude and coal are all weighing on Canadian Pacific Railway Ltd. and Canadian National Railway Co., meaning that revenues are likely to be "flattish" in the second quarter, said Raymond James analyst Steve Hansen.
Railway carloadings, March 2015
Government of Canada
The volume of rail freight carried in Canada totaled 30.9 million tonnes in March, up 5.6 percent from the same month last year.
Freight originating in Canada and destined within Canada and to other parts of the world rose 6.3 percent to 27.5 million tonnes. These shipments are composed of non-intermodal freight — that is, cargo moved via box cars or loaded in bulk — and intermodal freight — that is, cargo moved via containers and trailers on flat cars.
Non-intermodal freight rose 5.7 percent to 300,000 carloads. The amount of freight loaded into these cars totaled 24.6 million tonnes, up 6.0 percent.
Canadian Pacific feeling pinch of oil price plunge
The Globe and Mail
Canadian Pacific Railway Ltd. became the latest rail carrier to signal it is feeling the pinch of the plunge in oil prices.
Keith Creel, CP's chief operating officer, said at an investors' conference in New York that the company's previously issued forecast for a 27-per-cent increase in crude carloads to 140,000 was a "question mark."
"The world has changed around us," said Creel, referring to the drop in oil prices that has energy companies slashing budgets, staff and drilling. "Let me tell you what's not hot. Crude's not."
Canadian oil exports by rail fall
United Press International
Canadian crude oil exports by rail for the three months ending in March declined by more than 25 percent year-on-year, federal data show.
The National Energy Board updated data on total crude oil exports by rail, showing an average 119,755 barrels per day were shipped for the three months ending in March. That's down 24 percent from the three-month period ending in December and 27 percent less than the same period in 2014.
Top Toronto-area pro drivers face off at regional championships
With the exception of the occasional nervous glance skyward, all eyes Saturday at the Powerade Centre in Brampton, Ontario, were trained on nearly 50 of the most skilled professional truck drivers in the Greater Toronto Area.
They were competing in the Toronto Regional Truck Driving Championships, with hopes of advancing to the Provincials in July and from there, to the Nationals. The competition this year was moved to the Powerade Centre, where a large section of the parking lot was cordoned off for championship activities.
Canada and US sign border pre-clearance agreement
Recently, Canada's Minister of Public Safety and Emergency Preparedness, Steven Blaney and U.S. Secretary of Homeland Security, Jeh Johnson signed a pre-clearance agreement, which is paving the way for changes to the way people and goods will move across the border.
CTA president David Bradley was present in Washington, D.C. for the signing and showed his support for the pre-clearance, saying, "Today's news is a major step forward for both governments and the trucking industry. While legislation is required in both countries to fully implement the agreement, we're now on a path toward a fully-functioning pre-clearance policy where and when it makes sense."
Peterbilt shows off 'cruise control of the future'
Peterbilt showed off its take on autonomous vehicle technologies to reporters during a Technology Showcase at the Texas Motor Speedway.
Bill Kahn, manager of advanced concepts at Peterbilt, doesn't really like to call the two demonstration vehicles "autonomous," although they would qualify as a Level 3 autonomous vehicle under National Highway Traffic Safety Administration classifications. He characterizes the technology more as the "cruise control of the future" and a "stepping stone to autonomous vehicles." Peterbilt engineers have dubbed it "advanced driver assist systems."
Air cargo market 'on its knees' as latest data shows fallen yields
The Load Star
The top 20 global forwarders have lost some ground to smaller companies, according to new data published by WorldACD.
While 19 out of the top 20 retained their position, year-on-year, for the first four months of the year, their yields fell 12 percent, while smaller forwarders were down 10 percent.
And the top group's combined share of worldwide revenue fell from 45.1 percent to 44.4 percent — only six top companies saw revenue increase in the period.
Forwarders weigh in on MASkargo's overhaul
Air Cargo World
Since April, forwarders in Malaysia have prepared for the long-rumored demise of their national carrier's lift to Frankfurt. By mid-May, MASkargo, the freight arm of Malaysia Airlines, finally confirmed that it would scrap both its passenger flights and its thrice-weekly freighter flights to Frankfurt by the end of the month.
Mahes Alangarasingam, head of airfreight, Malaysia, at DHL Global Forwarding, was unfazed. He remarked that this would strengthen MASkargo's focus on its European hub in Amsterdam, adding that, "This is fine with DGF as long as this is at cost competitive levels."
ILWU and PMA ratify WC dockworker contract
Recently, International Longshore and Warehouse Union members ratified a five-year contract governing pay and work rules at 29 West Coast ports. The Pacific Maritime Association, which represents terminal operators, shipping lines and other employers at West Coast ports, announced that its members had ratified the contract.
The new contract, which is retroactive to July 2014, was ratified with 82 percent of union members casting votes in its favor.
Canadian containerized imports forecast to grow at faster clip
Despite economic headwinds from the drop of oil prices and the resulting decline in consumer confidence, Canadian containerized imports are slated to rise 4 percent this year compared to last year, according to World Trade Services, a sisterproduct of JOC.com within IHS Maritime & Trade. Inbound containerized traffic through Canadian ports increased 3 percent year-over-year in 2014, thanks largely to a 12 percent boost in European imports, particularly of beer, transportation equipment and parts,
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