Newsletter – November 21, 2019
AIR FREIGHT UPDATES
Airlines’ Ancillary Revenues Are Going Through The Roof But Also Are Causing Travelers More Frustration And Dissatisfactionforbes.comAirlines around the world, and especially in the United States, are succeeding grandly in milking billions of additional dollars from their customers for “extra” services that used to be included in their fare prices. But in the process they have frustrated more than half of their customers and left as many as 75% of them dissatisfied with their airline experiences. Read more here.
OCEAN FREIGHT – GOVERNMENT UPDATES
Box pendulum swings even more toward East Coastfreightwaves.comThe momentum within the container sector toward U.S. East Coast ports at the expense of West Coast ports continues to build, according to multiple data sets available on the FreightWaves SONAR platform. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Canadian Pacific acquiring Central Maine & Quebecfreightwaves.comCanadian Pacific (NYSE: CP) will be acquiring short line Central Maine & Quebec Railway (CMQ) in a deal that CP hopes will boost its footprint in the Eastern U.S. and establish a coast-to-coast network in Canada, the railway said on Nov. 20. Read more here.
U.S. rail volumes slump in flat peak seasonfreightwaves.comYear-to-date U.S. rail volumes slipped again the week ending Nov. 16 amid industry observations that the peak season this year was muted for rail. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Top 10 global risks facing Canadian companiesedc.caIn this report, EDC explores the main risks facing Canadian exporters and investors, including Brexit, a global recession and U.S. isolationism. Read more here.
Lowe’s announces plans to close more storesfreightwaves.comLowe’s Companies, Inc. (NYSE: LOW) announced that it would shutter more stores in its fiscal 2019 third quarter report. This round of store closures includes 34 retail locations in Canada. Read more here.