Newsletter – February 18, 2020

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    Feb

    Newsletter – February 18, 2020
    AIR FREIGHT UPDATES
    Coronavirus upends airfreight market, puts premium on charter rates
    freightwaves.com
    The coronavirus is playing havoc with the air cargo industry as airlines, logistics providers and cargo owners scramble to implement contingency plans for moving goods. With nearly all passenger aircraft removed from China service, experts are warning businesses to prepare for a significant spike in freight rates once economic activity in China picks up again. Read more here.
    GROUND AND RAIL FREIGHT UPDATES
    CN, CP Blockade Updates
    ciffa.com
    CN
    A blockade established on February 15 on CN’s main line in Vaughan, Ont. (Greater Toronto) was removed on February 16.
    Train service resumed on the CN north line serving the Port of Prince Rupert on February 13. CN continues to recover in the west from earlier blockades in New Hazelton, B.C. and Headingley, Man.
    The blockade in Tyendinaga, Ont., is ongoing and CN’s network east of Belleville, Ont., remains shut down.
    The blockade in Vancouver has been removed.
    A new blockade has been set up south of Winnipeg, affecting some rail traffic moving south into the United States.
    CP
    The blockade on CP’s main line south of Montreal is impacting train movements between Montreal and Albany, N.Y. Traffic is building in and around St. Luc with no practical re-routing alternatives. CP has issued an embargo, effective February 17, to control the flow of shipments over this part of network. It affects all shipments routing over the interchanges of St. Jeans, Que., Albany, N.Y.; Whitehall, N.Y.; Schenectady, N.Y.; and Bellows Falls. N.Y.
    Technological Disruptions Bring Risk for Fleets
    ttnews.com
    A systemwide update to GPS technology last year gave the trucking industry and other sectors a glimpse into how large-scale technological malfunctions can cause broad-based problems for businesses, but small-scale issues can be just as disruptive, experts said. Read more here.
    INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
    TAPA launches ‘best-ever’ supply chain security standards to tackle growth in global cargo thefts
    dvelocity.com
    The Transported Asset Protection Association (TAPA) has launched the most comprehensive industry security standards in its 23-year history to help protect freight facilities and trucking operations from the escalating threat of cargo crime, which now costs supply chains losses of millions of dollars per month. Read more here. 
    Coronavirus might completely alter companies’ sourcing patterns
    freightwaves.com
    The Wuhan-centered coronavirus has wreaked havoc within China, as the number of people affected and the body count continues to grow weekly. Global supply chains that touch the Chinese shores have all suffered as a result of the country’s shutdown of factories, logistics hubs and transportation routes. Read more here.

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