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Financial Post
It took only hours for September's sparkling job numbers to become yesterday's news.
Statistics Canada reported that employment had jumped by a greater-than-expected 378,000 positions last month. The jobless rate had also fallen to nine per cent, high but far lower than May's peak of 13.7 per cent.
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AAR.org
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending October 10, 2020.
For this week, total U.S. weekly rail traffic was 520,452 carloads and intermodal units, up 1.9 percent compared with the same week last year.
Total carloads for the week ending October 10 were 230,964 carloads, down 5.2 percent compared with the same week in 2019, while U.S. weekly intermodal volume was 289,488 containers and trailers, up 8.4 percent compared to 2019.
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Progressive Railroading
Today marks the 40th anniversary of the Staggers Rail Act of 1980, which partially deregulated the U.S. freight-rail industry so that railroads could operate in a competitive market place.
Signed by President Jimmy Carter on Oct. 14, 1980, the act and its implementation by the Interstate Commerce Commission — now the Surface Transportation Board (STB) — lifted many restraints on railroads so that they could set their own rates and adjust their services to meet shippers' needs.
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CP
Canadian Pacific announced it has joined TradeLens, a blockchain-based platform that enables the secure and transparent transfer of container-shipping documents. This open-API platform will help CP intermodal shippers create, amend and share documents with other supply chain participants, including consignees, beneficial cargo owners, customs agencies, dray operators and steamship lines.
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Drone Delivery Canada
Drone Delivery Canada Corp. is pleased to announce that it has been invited to participate in a research endevour with the University of Toronto Institute of Aerospace Studies and Ford Motor Company.
Under the terms of the agreement, the parties shall cooperate and work jointly towards testing an automated drone as it tracks and lands on a moving ground vehicle within the flight arena.
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Freight Waves
Two Canadian cross-border trucking companies have been forced into court-ordered receivership at the request of their lender under the country's Bankruptcy and Solvency Act, court documents show.
Deloitte Restructuring assumed control over Kings Cargo Express and Canada Cargo Lines, based at the same address in Winnipeg, Manitoba, on Oct. 5 following a decision by a judge of the Court of Queen's Bench. They collectively owe CA$2.2 million (US$1.7 million) to Toronto-Dominion Bank, according to a report filed by Deloitte.
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Freight Waves
Positive drug tests and drug test refusals increased 8 percent and 9.3 percent, respectively, in September, after dropping slightly in August, according to the most recent data compiled by the federal Drug & Alcohol Clearinghouse.
The latest monthly data, released by the Federal Motor Carrier Safety Administration (FMCSA), also revealed that the number of drivers now in "prohibited status" — meaning they have at least one drug or alcohol violation and are still in the return-to-duty process — reached 34,156 as of Oct. 1. Roughly 78 percent (26,590) of those drivers, however, have not yet started the RTD process.
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Freight Waves
Preliminary orders for new trailers hit 52,000 units in September, the third-highest month in history as fleet bookings looked like the last market overheating in late 2018. The pandemic and consumer goods demand to support life and work at home continues unabated.
The highest monthly orders for trailers came in October 2014 followed by December 2017.
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American Shipper
The outcome of the U.S. election will steer stimulus spending, energy policy, trade relations, geopolitics and environmental regulation — and consequently, ocean freight rates — for years to come.
With just three weeks to go, financial analysts are weighing in on potential fallout.
On one end of the spectrum lies a relative status quo. On the other, a "blue sweep," in which Joe Biden defeats Donald Trump for the presidency and Democrats retain the House and take a slim lead in the Senate.
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Port of Vancouver
The Vancouver Fraser Port Authority today released the 2020 mid-year statistics for goods moving through the Port of Vancouver. From January 1 to June 30, 2020, overall cargo through the port decreased by 1.1% from 72.4 to 71.7 million metric tonnes (MMT) over the same time last year. Despite an overall decrease in cargo moving through the port, new mid-year records were set for bulk and containerized grain, as well as total foreign tonnage and foreign exports.
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WBFO
New data shows that shipping on the Great Lakes has taken a hit this year due to the pandemic.
From April through the end of August, cargo volumes in the St. Lawrence Seaway, which is the gateway to the Great Lakes, was down 8% compared to 2019's figures. That's according to the Chamber of Marine Commerce, a binational organization that represents marine industry stakeholders.
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The Loadstar
Supply chains are undergoing a profound transformation, according to DHL and consultant McKinsey.
DHL has published a study entitled Post-coronavirus Supply Chain Recovery, which predicts more diversification of geographies, suppliers and business models as well as a more holistic view of risk management.
"Post-coronavirus supply chains will not be the same as they were pre-coronavirus," it says, and one prominent trend in this transformative process is a stronger emphasis on supply chain resilience, away from the recent focus on cost, suggest the authors.
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CIFFA
Update provided by the Port of Halifax, October 14:
The Port of Halifax is well on its way to restoring normal fluidity at its two container terminals arising from additional volume in recent weeks brought on by industrial action in Montreal and a surge of imports.
On October 5th and October 12th, two vessels lifted out 1,800 diverted containers back to the Port of Montreal. This alleviates congestion at both terminals, and allows more intermodal imports and exports to flow as usual by rail.
With the above action and CN’s commitment, the port expects the remaining diverted cargo to be moving by the end of the week. Meanwhile, regular Halifax-discharge and loading cargo continues with the full cooperation of the longshore labour force, the trucking community, the terminal operators and CN Rail.
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Whig Standard
Algoma Central Corporation, a leading supplier of marine transportation services, announced that it has taken delivery of the Algoma Intrepid, the second Equinox 650' Class self-unloading dry-bulk carrier, and the ship has begun her voyage to Canada from the 3 Maj Shipyard in Croatia.
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