Airfreight rates out of Bangladesh are expected to surge following India’s decision to revoke transhipment access for Bangladeshi exports. In a statement released Tuesday, India’s Ministry of Finance confirmed that it has withdrawn access through Indian ports and airports for Bangladesh export cargo destined for...
On April 9, 2025, President Donald Trump announced a 90-day suspension of tariffs for over 75 nations, reducing the baseline tariff rate to 10%. This decision aims to de-escalate trade tensions and open avenues for negotiation with countries that have not engaged in significant retaliatory...
As the United States moves forward with new tariffs, global shippers are now recalibrating their logistics and supply chains in real time. These sweeping trade policy changes are already driving shifts in routing, sourcing, and freight strategy—forcing businesses to reassess long-term plans with urgency. The latest...
PSA Halifax has provided an official update on the ongoing rail congestion at the Atlantic Hub Terminal, reporting significant progress despite severe winter challenges. As of February 27, 2025, PSA Halifax, in collaboration with CN Rail, has reduced the grounded rail backlog by nearly 40%, bringing...
Canadian Pacific Kansas City (CPKC) and Unifor have reached a tentative four-year collective agreement, just over a day before a potential strike could have disrupted operations. The agreement, announced late Monday, covers approximately 1,200 mechanical employees represented by Unifor across Canada. These employees include mechanics, labourers,...
Canadian National Railway and IBEW Reach Tentative Four-Year Deal A potential disruption to Canada’s rail network has been avoided following the announcement of a tentative agreement between Canadian National Railway (CN) and the International Brotherhood of Electrical Workers (IBEW). The agreement comes as a relief to...
The International Brotherhood of Electrical Workers (IBEW), representing approximately 750 signals and communications employees at Canadian National Railway (CN), has issued a 72-hour strike notice. If no agreement is reached, the union will go on strike starting Tuesday, January 28, 2025. The union, backed by a...
The Port of Halifax, specifically the PSA Halifax Atlantic Hub Terminal, has been experiencing prolonged rail congestion since December 2024. The increased import rail dwell times are a result of modernization efforts, seasonal pressures, and external disruptions. Key Factors Contributing to Congestion Modernization Initiatives:The launch of a...
Despite recent ceasefire developments between Israel and Hamas, global shipping lines are unlikely to rush back to using the Suez Canal for container transits, citing safety concerns and market unpredictability. Key Developments: Ceasefire Agreement:On Sunday, a ceasefire agreement between Israel and Hamas included a statement from the...
Evidence suggests that CMA CGM is poised to become the first liner operator to resume regular Red Sea transits. AIS data shows that the 11,400 teu CMA CGM Columba, part of the Europe-Middle East/India service (EPIC), departed Algeciras over the weekend and is en route...
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