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Canadian automotive exports recover
The Canadian Trade Commissioner Service
After a decade of decline in exports, the Canadian auto industry has seen strong export growth over the past three years, with exports rising 58 percent since 2009.
As Canada's second-largest exporting industry, the automotive sector is a vital part of the Canadian economy. According to the Canadian Vehicle Manufacturing Association, the industry directly supports 550,000 jobs in Canada.
It consists of assembly plants (mostly in Ontario) dominated primarily by U.S. and Japanese firms. The industry is export-intensive, with 76 percent of the Canadian production exported in 2011. However, with 97 percent of these exports destined to the U.S., Canada's auto industry is highly dependent on demand from south of the border and must compete with other exporters as well as domestic U.S. producers.
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Officials: Railway regulation system works
Industry, government and union officials say the railway inspection and regulation process intended to prevent accidents remains sound.
"Despite what happened in Quebec, I'm still saying that the rail industry is the model," said Christine Collins, president of the Union of Canadian Transportation Employees, whose members include Transport Canada railway inspectors.
Murray: Don't expect passenger rail to return to the north anytime soon
Don't expect passenger rail to return to the north anytime soon if ever says Ontario's Minister of Transportation and Minister of Infrastructure Glen Murray said in North Bay.
Murray, who was in the bay to announce an $8 million investment to infrastructure improvements for the North Bay area and surrounding region, took time out to speak with media at the MTO Patrol Yard.
"I don't think passenger rail is viable," he states.
New program to celebrate Canada's best fleets to drive for
Trucking HR Canada has announced the launch of the Best Fleets to Drive For: Canada program, an offshoot of the popular Truckload Carriers Association competition, powered by CarriersEdge.
Best Fleets to Drive For: Canada, will recognize the Canadian private and for-hire carriers fleets that provide the best workplaces for drivers. The Private Motor Truck Council of Canada and Canadian Trucking Alliance have partnered with Trucking HR Canada on the program, and private and for-hire fleets will be scored using different selection criteria.
Canadian freight index keeps going up and down
There was a 7 percent slip on TransCore Link Logistics' Canadian Freight Index, continuing "the up and down results for the first six months of the year," TransCore reported.
Compared to last year's peak in the same month, this year was 21 percent lower.
Contrans Flatbed Group and Travelers Financial Corporation announce owner/operator development program
Contrans Flatbed Group and Travelers Financial Corporation have announced a new program to assist Contrans drivers to become new owner/operators.
The "Contrans Flatbed Group Owner Operator Development Program" program makes acquisition of new tractors and flatbeds a reality for drivers who want to take the next step in sharing in the success and growth of the company.
CP Rail sees slower growth in Canada oil volumes as spreads tightened
Canadian Pacific Railway Ltd, Canada's No. 2 railroad, said the pace of growth in long-haul crude oil volumes has slowed in the last few months as spreads tightened due to rising Canadian prices.
The railway said on a conference call that it expected long-haul crude volumes to pick up in autumn and beyond as price spreads widen again.
CN Rail realizes the importance of the Canadian oil sands
The Motley Fool
One fact that typically gets lost on most is that the majority of oil reserves around the world are restricted from private sector involvement unless local governments extend an olive branch. Need proof? Four out of the top five countries by crude oil reserve levels include Venezuela, Saudi Arabia, Iran and Iraq. Fortunately for the rest of the world, Canada falls directly in the middle of that Middle Eastern-heavy list.
Missed last week's issue? See which articles your colleagues read most.
Railway profits expected to show strength despite slowdown
The Globe and Mail
Canada's two main railways are expected to show continued profit strength in their quarterly earnings reports, despite recent signs of sagging grain and coal traffic and slightly lower container shipments.
While Canadian Pacific Railway Ltd. is focused on restructuring and improving efficiency, Canadian National Railway has its eye on expansion, particularly in the frack sand sector.
Rail safety advocates urge new rules for high-risk cargo
The sort of disaster that struck Lac-Mégantic may thankfully be rare but the consequences are so grave when serious derailments involving oil do occur, extraordinary measures must be taken to prevent them, say proponents of stricter protocols.
The disaster — one of the worst rail accidents in Canadian history — has prompted as many as nine investigations and extensive discussion about how best to prevent a similar tragedy. Many seek urgent solutions given projections of steadily rising petroleum shipments by train.
The Canadian rail industry points to an improving safety record, noting the number of derailments — including those involving dangerous goods — is stable or decreasing.
Air freight volumes show signs of life
International Air Transport Association
The International Air Transport Association released figures showing a 1.2 percent year-on-year expansion in global air freight demand. Although weak, this is an improvement when compared to the 0.9 percent year-on-year demand growth recorded previously and the 0.1 percent growth realized over the first half of the year.
While previously the global economic trend has been defined by robust emerging economies and stagnant growth in developed markets, the strongest improvements in business confidence are now occurring in some developed economies.
Report: Vancouver International top performing airport in Canada
University of British Columbia researchers have ranked Vancouver International Airport as the top performing airport in Canada, while naming Atlanta International as the most efficient airport in the world for the 10th year in a row.
The annual report from aviation experts at UBC's Sauder School of Business compares the operational and management efficiency, as well as cost competitiveness of 195 airports and 26 airport groups in North America, Europe, Asia and Oceania.
Seaway Canada's 'prosperity trump card'
It's a government move that caused $1 billion worth of Canadian investment to sail into the seaway.
And it casts a more positive light after last week's surprise announcement Seaway Marine and Industrial dry docks in St. Catharines has declared bankruptcy.
For other seaway players, the good news is in 2010 Ottawa made a decision to end a 25 percent import duty on general cargo vessels and tankers.
Highway H20 leads way in seaway marketing
For the St. Lawrence Seaway marketing department, it's all about making the transportation system top of mind for shippers and producers.
Foremost is a Highway H2O initiative showcasing the seaway as a sensible solution for moving goods efficiently across eastern North America.
Highway H2O is the umbrella brand and website the St. Lawrence Seaway Management Corp. uses to market its system — a group that includes its ports, terminal operators and others.
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