Terminals in Europe and North America have been told to brace for another whiplash effect from delayed shipments out of southern China. The cumulative TEU waiting time in days based on container vessel capacity (e.g., a vessel with a 10,000-TEU capacity waiting 12 days equals 120,000 TEU...
Update from John Brooks, Executive Vice-President & Chief Marketing Officer: CP and TCRC agree to enter into binding arbitration Dear customers, I am pleased to advise you that the Teamsters Canada Rail Conference (TCRC) – Train and Engine Negotiating Committee has agreed to enter into binding arbitration...
Rail and Truck Updates On Thursday, the Teamsters Canada Rail Conference (TCRC)-Train & Engine provided CP with its 72-hour strike notice to be effective 00:01 ET on Sunday, March 20. CP had previously issued notice to the TCRC of its plan to lock out employees at...
Pay-Anything Mood Grips U.S. Importers Fearful of Shipping Woes U.S. importers, straining under a tapped-out supply chain, are increasingly offering top dollar for long-term shipping contracts that may not even be honoured as they try whatever it takes to guarantee the arrival of their products. The pandemic-driven...
Ocean Updates Shenzhen Partially Lifts Lockdown Shippers will be relieved with news from Shenzhen, where local authorities are easing lockdown rules as a COVID scare passes without too great damage to supply chains, especially compared with an outbreak last summer that wiped out three-quarters of the vital...
Dear Valued Customers, Lockdown in Shenzhen in effect from Mar 14 to Mar 20 will impact port activity and may lead to potential disruptions Eleven districts in Shenzhen, China, are on lockdown from March 14 to March 20, with local officials restricting movement for more than 17...
The following important information was received from Canada Pacific regarding a potential strike action that could occur by next week. This has the potential to add further delays to an already stressed supply chain. Possible CP Rail StrikeThe Teamsters Canada Rail Conference (TCRC), which represents approximately...
As Russia’s invasion of Ukraine snarls regional logistics and rattles the global commodity market, ripples are spilling over into container shipping, resulting in more delays, less capacity and higher costs, according to experts. The conflict in Ukraine, a country at the nexus of Europe and Asia,...
Although container shipping in and out of the Black Sea remains a relatively niche trade, a Russian invasion of Ukraine could have catastrophic consequences for global container supply chains. At the Freightwaves Global Supply Chain conference yesterday, Vespucci Maritime CEO Lars Jensen warned that the ripple...
Two U.S. congressional oversight panels have opened an investigation of three major ocean carriers, alleging that their dramatic rate hikes charged to shippers may have fueled inflation. Leaders of the Select Subcommittee on the Coronavirus Crisis and the Subcommittee on Economic and Consumer Policy – which...
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