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Newsletter – April 25, 2018
OCEAN FREIGHT UPDATES
Yang Ming & The Alliance launch fourth weekly service for Prince Rupertsource: ajot.comThe Port of Prince Rupert, DP World Prince Rupert and CN have announced a new weekly marine carrier service at the Fairview Container Terminal. Yang Ming and its partners in THE Alliance, Hapag-Lloyd and Ocean Network Express, have added Prince Rupert as the first North American port of call on the amended PS8 trans-Pacific service this spring. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Get Into My Car … Amazon begins delivery to some vehicles for Prime memberssource: canadianshipper.comSan Francisco, CA — Amazon’s latest perk … free delivery to your car.The Seattle company on Tuesday began offering delivery in 37 cities to Amazon Prime members who own newer General Motors or Volvo vehicles. Read more here.
CN Rail’s new CEO speeds spending in rush to ease congestionsource: ajot.comThe company is weighing the purchase of 500 “centerbeam” cars to accommodate rising lumber shipments and more than 500 hopper cars to renew the grain-hauling fleet starting next year, said interim Chief Executive Officer Jean-Jacques Ruest. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Freight Costs Weighing on Earnings at Consumer-Goods Makerssource: wsj.comHigh freight costs are weighing on earnings at big consumer-goods companies as they try to get products from soda and toys to deodorant and household chemicals to stores.Some companies and analysts expect the pressure on shipping, which began late last year, to extend into the spring, when the seasonal growth in volumes of produce, food and beverages could place additional strain on already-tight trucking capacity. Read more here (login required).
CANADA BUSINESS – GOVERNMENT UPDATES
Prince Rupert and Vancouver confront growth challengessource: ajot.comFor Canadian ports on the Pacific Coast, spring did not come soon enough, though its arrival was certainly welcomed. A particularly harsh winter throughout Western Canada notably affected railway operations which in turn provoked serious congestion problems for shippers at the key British Columbia gateways of Vancouver and Prince Rupert already coping with growth management challenges. Read more here.
NAFTA: Political heavyweights hit Washington in hunt for dealsource: canadianshipper.comWashington, DC — Negotiations have entered an around-the-clock phase in an effort to get a new NAFTA agreement within days, with top political staff converging in Washington for meetings stretching into the night Tuesday and beyond. Read more here.