Newsletter – February 25, 2019

OCEAN FREIGHT UPDATES

Despite blanked voyages, carriers still can’t fill Asia-Europe ships, hitting rates

theloadstar.com
Both of the major east-west tradelanes recorded significant falls on today’s Shanghai Containerized Freight Index (SCFI), reflecting an increasingly soft demand environment. Read more here.

Shanghai and Ningbo team up to boost throughput to and from Yangtze

seanews.com.tr
THE Port of Shanghai, the world’s biggest container port, has announced it will cooperate with the Port of Ningbo, the world’s largest port by cargo turnover, in the development, operation and management of the northern part of Xiao Yangshan port area.  Read more here. 

GROUND AND RAIL FREIGHT UPDATES

The ‘train whisperer’

canadianshipper.com
Hunter Harrison, will long be remembered as the gruff, straight shooting American whose innovative ideas and controversial approach reshaped Canadian National and Canadian Pacific Railways over the past two decades. But what was the industry icon really about?  Read more here. 

CANADIAN BUSINESS GOVERNMENT UPDATES

Half of Canadian executives say old NAFTA better for our economy than USMCA

business.financialpost.com
It took Canada 17 months of grinding, teeth-gnashing, often round-the-clock negotiations to hammer out a new trilateral trade deal with the United States and Mexico, but that doesn’t mean Canadian business leaders have warmed to it. Read more here.