Newsletter – July 30, 2018
OCEAN FREIGHT UPDATESCosco cyber attack continues to affect American operations
The IT problems that have been affecting Cosco’s operations in the Americas are continuing, though vessel operations are unaffected and bookings can be processed through its website and electronic data interchange — the EDI channels. Read more here.
NYK warns of US$67.5 million operating loss not profit as earlier forecast
JAPAN’s NYK has issued a profit warning for its fiscal year, citing costs of transferring its container business to a joint venture, losses at its unit Nippon Cargo Airlines (NCA) and high bunker prices.
In the first half of the current fiscal year, which ends September 30, NYK expects a JPY7.5 billion (US$67.5 million) operating loss instead of the JPY13 billion operating profit it had been forecasting. Read more here.
GROUND AND RAIL FREIGHT UPDATESIndia truckers end 8-day strike after meeting with Government
Indian truckers ended their eight-day strike after the government agreed to consider most of the demands set forth by the transporters. Read more here.
Customer Advisory: Northern Ontario forest fires
source: CP Rail
Forest fires in Northern Ontario are being monitored for potential impact to rail operations in affected areas. We will continue to provide updates and work directly with affected customers. Thank you for your patience and understanding. We appreciate your business.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATESCanada to join Mexico, Japan, South Korea, EU to talk auto tariffs
Ottawa, ON — Canada will join Mexico and other European and Asian auto-producing countries this week to plot strategy ahead of the potential imposition of tariffs on vehicles and auto parts exported to the United States. Read more here.
As China goes green, paper-making giant is a surprise winner
A lot of American waste used to end up in China. But as the Asian nation makes moves to go greener, old phone books, cardboard and other recyclables are now getting rejected because of contaminant concerns—giving an unexpected boost to a giant in the paper world. Read more here.