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Canada's Brookfield buying Australia freight firm Asciano for $6.6 billion
Canada's Brookfield Asset Management is buying Australian port and rail freight firm Asciano for $6.6 billion to form a global logistics player, scooping up an asset that has been made cheaper by a slump in coal prices.
The deal, the largest purchase of an Australian firm by an overseas entity since 2011 and the biggest acquisition by a Canadian firm in that country, underscores the huge international appetite for Australian infrastructure.
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Logistics firm Exel uses wearable tech to boost warehouse efficiency
The latest innovation in warehousing equipment involves wearable worker technology. Logistics operator Exel, the North American supply chain management unit of Deutsche Post DHL Group, is preparing for what it calls "vision picking" at two U.S. warehouses.
Warehouse workers will be equipped with "smart glass" eyewear which can read bar codes and show the fastest route to find products — doing away with the need for hand-held scanners and paper job orders.
Arbutus Corridor: Vancouver tries new tactic in battle with CP
The City of Vancouver is trying another tactic in its battle with Canadian Pacific over the railway company's plan to start running trains again along the Arbutus Corridor.
The city is asking the Canadian Transportation Agency to order CP to halt its plans because CP breached the Canadian Transportation Act when it abandoned rail operations in 2001 and didn't offer to sell the land back to the government at net salvage value.
The city also wants the federal agency to force the company to sell the rail line back to the city at the 2004 salvage value.
AAR: CBR leveling off in 2015
In reporting Class I railroad traffic for the week ending Aug. 8, 2015, the Association of American Railroads took note of the fact that CBR (crude by rail) shipments in 2015's second quarter dropped 16 percent, or 21,189 tank car loads, from third-quarter 2014, the peak quarter for rail crude oil originations. Second-quarter 2015's 111,068 CBR carloads represented a 1.8 percent drop, or 2,021 carloads, from this year's first-quarter.
Partnership gives R+L Carriers access to most of Canadian LTL market
R+L Carriers is partnering with Canada's Day & Ross Freight to expand its expedited services throughout Canada and gain access to roughly 90 percent of the Canadian market.
The deal will give R+L Carriers access to Day & Ross Freight's network of 40 less-than-truckload terminals in all 10 Canadian provinces. Day & Ross Freight is one of Canada's largest LTL carriers. Wilmington, Ohio-based R+L Carriers is the the ninth-largest U.S. less than truckload carrier, according to JOC.com's ranking of the Top 25 LTL Trucking Companies, prepared by SJ Consulting Group.
Port Metro Vancouver sees increase in cargo volumes
Port Metro Vancouver says it has seen cargo volumes increase 1.5 percent so far this year compared to the first half of 2014.
The port has processed 70.3 million metric tonnes of total cargo during the first half of 2015.
"We are seeing continued growth of trade through Port Metro Vancouver as Canadian demand for foreign products and international demand for Canadian resources continue to increase," said Robin Silvester, president and chief executive officer, Port Metro Vancouver.
Canada-U.S. truck border crossing figures reveal surprises
New analysis of data shows truck traffic between Canada and the U.S. has declined while it has increased between the U.S. and Mexico.
The Journal of Commerce reports U.S. Transportation Department figures show since the second quarter of 2005, truck crossings between Canada and the U.S. decreased 16 percent but grew 19 percent between the U.S. and its neighbor to the south.
Also, truck crossings at both U.S. borders have increased since 2009, as the level with Mexico approaches what the U.S. has with Canada.
Transporting oil and gas by pipeline 4.5 times safer than transport by rail: Fraser Institute
Transporting oil and gas by rail in Canada is a lot more risky than moving it by pipeline, concludes a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
Utilizing newly compiled data from Canada's Transportation Safety Board and Transport Canada, the study, "Safety in the Transportation of Oil and Gas: Pipelines or Rail?", finds that the rate of occurrences (incidents or accidents) per million barrels of oil transported is more than 4.5 times higher for rail than it is for pipelines for the period 2003-2013.
US truck tonnage nears all-time high in July
U.S. for-hire truck tonnage jumped 2.8 percent in July, marking the second highest level on record.
The American Trucking Associations' For-Hire Truck Tonnage Index was up 3.7 percent compared to July 2014. Year-to-date, U.S. tonnage was up 3.4 percent compared to the same period last year.
"After several soft months starting in February, tonnage really snapped back in July," said ATA chief economist Bob Costello. "July was the single best monthly gain since November 2013."
New Suez Canal expected to almost double current transit capacity
Called "Egypt's gift to the world" by the Egyptian government, the new 70 km section of the Suez Canal was officially inaugurated recently. The Canal can now accommodate vessels of up to 24 meters draft. When it was first opened for navigation in 1869, the 160 kilometer long waterway linking the Red Sea to the Mediterranean had a depth of about 8 meters. Over the years, several dredging operations had brought the maximum draft to 20 meters by 2010.
Air Canada Cargo launches e-booking tool; makes e-AWB accessible
Air Canada Cargo customers can now book shipments directly on aircanadacargo.com thanks to the introduction of a new e-booking and management tool for air freight shipments.
Launched on the company's updated website, e-booking provides a simple, intuitive interface with a user login allowing Air Canada Cargo account holders to book and manage shipments online, including those requiring specialized shipping solutions like AC Cool Chain, AC DGR and AC Live.
Air Cargo Community Frankfurt welcomes 5 new members
Air Cargo World
In the name of increased efficiency at one of Europe's busiest freight hubs, The Air Cargo Community at Frankfurt Airport has added five new member companies.
Swissport Cargo Services Deutschland, Dachser, Thermotraffic, Sovereign Speed and myLogistics have joined the association, all of which are heavily involved in the area of airfreight in Frankfurt. The number of members in the Air Cargo Community Frankfurt now stands at 33.
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