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Bloomberg
Consumer confidence in Canada continued its march higher as it quickly approaches pre-pandemic levels.
The Bloomberg Nanos Canadian Confidence Index, a composite measure of financial health and economic expectations, ticked up to 52.8 last week, from 51.7 a week earlier. The index is at the highest since mid-March, and has made up more than four-fifths of its losses during the height of the pandemic.
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American Shipper
Deutsche Post DHL Group has stepped up its commitment to recruit, retain and promote women in its management ranks by announcing a new policy that provides three months of maternity leave at 100% pay for its North American supply chain unit.
The policy takes effect Jan. 1 and will also apply to adoptive parents, the company said.
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Inside Logistics
Canada Post recorded a loss before tax of $378 million in the second quarter of 2020. This increased loss was largely due to the impact Covid-19 had on revenue and costs, combined with the added costs stemming from the June 2020 arbitrator's ruling. The ruling resulted in new collective agreements with the Canadian Union of Postal Workers (CUPW).
With people at home and businesses closed during the pandemic, Canada Post saw a dramatic shift in what it was asked to deliver.
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Freight Waves
Laura — the region's strongest storm in more than a century — made landfall near Cameron, Louisiana. By 5 a.m., the storm had weakened to Category 3 but was still producing powerful winds of 120 mph.
In Lake Charles, Louisiana, buildings shook as the winds howled. Roofs were torn apart, heavy objects blown over and hundreds of thousands of people without electricity, according to PowerOutage.US.
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Supply Chain 247
According to a recent survey from the Institute of Supply Management (ISM), nearly 75% of companies report supply chain disruptions in some capacity due to coronavirus-related transportation restrictions.
Furthermore, 16% also report adjusting their revenue targets downward an average of 5.6% as a direct result of coronavirus.
"The story the data tells is that companies are faced with a lengthy recovery to normal operations in the wake of the virus outbreak," said Thomas W. Derry, Chief Executive Officer of ISM.
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American Shipper
U.S. Postmaster General Louis DeJoy insisted during a five-hour grilling from lawmakers on Monday he has no conflicts of interest with either his former company or a major customer of his current agency.
The hearing before the Democrat-run House Committee on Oversight and Reform was considerably longer and more hostile than the one at which DeJoy was called to testify last week by the Republican-controlled Senate Homeland and Governmental Affairs Committee.
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AAR
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending August 22, 2020.
For this week, total U.S. weekly rail traffic was 514,914 carloads and intermodal units, down 3.3 percent compared with the same week last year.
Total carloads for the week ending August 22 were 229,828 carloads, down 12 percent compared with the same week in 2019, while U.S. weekly intermodal volume was 285,086 containers and trailers, up 5 percent compared to 2019.
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Progressive Railroading
Transborder freight moved by all modes of transportation between the United States and Canada and Mexico fell 20.9 percent to $82.1 billion worth of goods in June compared with June 2019 levels, the U.S. Bureau of Transportation Statistics (BTS) reported yesterday.
Rail, the second-most used mode, moved $11.2 billion worth of goods during the month, down 29 percent year over year. Rail represented 13.7 percent of all transborder freight moved in June, according to a BTS press release.
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New Kerala
Canadian Pacific officially launched its international intermodal service through the Port of Saint John, N.B. The inaugural train carries containers from the Hapag-Lloyd vessel Detroit Express bound for intermodal terminals on the CP network in Canada and the U.S.
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Progressive Railroading
Canadian exports of crude oil by rail fell to 42,820 barrels per day in June, an eight-year low, according to a report by Kallanish Energy.
Citing Canada Energy Regulator data, the energy news outlet reported that June's total shipments were the lowest since June 2012, when volume moved was 33,758 barrels per day.
Total volume of crude oil moved by rail in June totaled 1.284 million barrels. Oil demand and prices remain low in the wake of the COVID-19 pandemic, the report stated.
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Inside Logistics
Canadian exports of crude oil by rail fell to an eight-year low in June as North American fuel demand remained low due to measures taken to control the COVID-19 pandemic.
The Canada Energy Regulator says rail shipments of oil in June fell to about 42,820 barrels per day, down from 58,000 bpd in May and 156,000 bpd in April.
Shipments were 10 times as high in February, when they reached a record high of 412,000 bpd.
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Progressive Railroading
The Federal Railroad Administration (FRA) and Surface Transportation Board (STB) yesterday wrote to each Class I to address certain service issues related to the effects of the COVID-19 pandemic.
In letters to the Class Is' chief executive officers, FRA Administrator Ronald Batory and STB members said they've been made aware of concerns such as "missed industrial switches and excessively late or annulled trains due to crew availability issues."
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American Shipper
Airfreight rates to the U.S. plateaued in mid-August after rising for more than a month, influenced by a drop in demand from South China and passenger airlines temporarily adding more capacity. Still, finding affordable air transport in Southeast Asia, writ large, is difficult.
The dip freight activity isn't expected to last long as retailers gin up shipments for the peak season buildup to the holidays.
Shippers paid $0.02 cents less per kilo for air transport from China to the U.S., with a $0.34 price drop from Shanghai nearly canceled out by a $0.30 hike in outbound Hong Kong rates.
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Inside Logistics
When the COVID-19 pandemic struck, trucker Dave Wye had to think long and hard about whether he was willing to stay on the front lines.
The 54-year-old, a second-generation long-haul driver from Windsor, Ont., worried his exposure while transporting whiskey and wine between Quebec and Kentucky would risk his own health as well as his family's.
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Freight Waves
A ransomware attack hit TFI International's four Canadian courier divisions, two days after the transportation and logistics company raised millions of dollars in a share offering.
The attack impacted "some systems" of Canpar Express, ICS Courier, Loomis Express and TForce Integrated Solutions, according to notices posted to the couriers' websites.
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Maritime Magazine
Normal operations at the Port of Montreal are to resume early Sunday after the Maritime Employers Association (MEA) and the union representing 1,125 dockers today announced an agreement in principle for a 7-month truce during which negotiations will focus on a significant "modernization of labour relations."
On the 12thday of a general strike, the news was announced at a rare joint press conference of the heads of the employer and docker entities in Canada's second-biggest port: Martin Tessier of the MEA and Michel Murray from the CUPE 375. A similar accord was also announced with the checkers union.
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