Newsletter – April 24, 2019

  • Newsletter – April 24, 2019

    Container truckers in British Columbia to get rate increase
    Container truckers in British Columbia will see their hourly and trip rates increase by 2 percent as part of a package of reforms implemented by the provincial government. Read more here. 

    CP Rail first quarter profits jump 25 per cent despite winter weather woes
    Canadian Pacific Railway Ltd. missed expectations even though its profits surged 25 per cent during the winter quarter despite lower volumes caused by frigid temperatures and heavy snowfall. Read more here. 

    Expert: Low-sulfur charges could start by October
    Ocean carriers could start increasing fuel surcharges as early as Oct. 1 to help pay for the higher cost of low sulfur fuel under a mandate by the International Maritime Organization (IMO) that will take effect Jan. 1, Mohawk Global Logistics Vice President of International Transportation Rich Roche said Tuesday. Read more here. 

    Hapag-Lloyd’s ‘Strategy 2023’ says size mattered – now quality does
    GERMAN shipping giant Hapag-Lloyd’s ‘Strategy 2023’ is betting that the shipping sector’s mergers and acquisitions blitz is over and quality – not size – will be the company’s immediate focus. Read more here. 

    CBRE: Warehouse supply, demand in line
    The so-called availability rate for U.S. industrial real estate was essentially unchanged in the first quarter as demand for warehouses roughly matched the delivery of newly constructed supply, according to a report published Thursday by commercial real estate giant CBRE. Read more here. 


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