Newsletter – February 8, 2019
AIR FREIGHT UPDATES
Air Canada Cargo links with GTA dnata in Toronto for pharma shipments
Air Canada Cargo is collaborating with GTA dnata which will handle all the airline’s export and import pharmaceutical shipments at Toronto Pearson International Airport from February 26. Read more here.
OCEAN FREIGHT UPDATES
How ‘essential’ is dock work? Answer could determine if longshoremen can strike
Montreal port employers and longshoremen are gearing up for a battle over the definition of “essential service” amid ongoing negotiations for a new collective agreement. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Eurotunnel ‘ready for 29 March’
Eurotunnel is investing heavily in ‘worst case’ Brexit preparations that are on schedule to be completed ahead of the 29 March deadline when the UK is scheduled to leave the EU, with the Channel Tunnel operator confident it has done what is needed to keep its share of UK-EU freight trade flowing. Read more here.
Canadian National Railway quarterly profit up 19pc to US$1.06 billion
CANADIAN National Railway (CN) reported that fourth quarter operating profit swelled by 19 per cent to C$1.4 billion (US$1.06 billion) on revenue of C$3.8 billion, up 16 per cent year on year. Read more here.
‘Not anything the crew did:’ TSB says fatal train derailment started on its own
Calgary, AB — A Canadian Pacific freight train parked on a frigid night in the Rocky Mountains began to move on its own before a derailment that killed three workers and sent 99 grain cars and two locomotives hurling off the track. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Customs brokers bounce back after shutdown
It could’ve been much worse.
That’s what many customs brokers had to say about their recent experiences with processing imports through Customs and Border Protection during the 35-day federal government shutdown, which ended Jan. 25. Read more here.
Brexit is nine days away for exporters sending ships to Asia
Prime Minister Theresa May is spending Thursday in Brussels, seeking concessions to her Brexit deal that can win the support of both the EU and the U.K. parliament. Unless she resolves that conundrum, Britain is on course to tumble out of the bloc on March 29, losing the benefits of EU membership, including beneficial trade terms with countries on the other side of the globe. Read more here.