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Bi-weekly Freight Updates - June: latest news and updates on the worldwide supply chain

Bi-weekly Freight Updates - June: latest news and updates on the worldwide supply chain
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The worldwide supply chain is constantly changing. As we continue dealing with the fallout of pandemic-related supply chain issues, fluctuations in prices, labour disruptions, logistic delays, and port congestion persist. We provide you with freight updates that include some of the latest industry news, helping to keep you on top of the dynamic global supply chain landscape.

CPKC and Teamsters Canada remain at impasse, with no new contract talks schedule

Canadian Pacific Kansas City Railway and the Teamsters Canada Rail Conference made no progress on their stalled contract talks this week and no further negotiations are planned, the railway and union said in updates on Wednesday. Read more.

New bill lets FMCSA fine "shady" double brokers $10,000

A bipartisan pair of lawmakers on Wednesday introduced a bill that would empower the Federal Motor Carrier Safety Administration to impose $10,000 civil penalties on registered entities that violate its commercial regulations. Read more.

Shipper fury as spot rates soar and carriers ignore contracts

The sense of genuine anger amongst North European shippers and freight forwarders was palpable this week as they struggled to digest rapidly escalating spot freight rates. The ascent steepened over recent weeks, with Drewry’s WCI Shanghai-Rotterdam leg rising 20% week-on-week to finish at $4,999 per 40ft. However, sources told The Loadstar that slots were being purchased at much higher levels. Read more.

Shippers fearing rail strike in Canada keep inventory high

Large shippers are keeping inventory high, fearing a Canadian rail strike could come sooner than expected and would likely be an ‘all or nothing scenario’. Rail operators Canadian National (CN) and Canadian Pacific Kansas City (CPKC) have both suggested continuation of only ‘essential services’ would be more damaging than a complete shutdown. Read more.

Border control strike fear adds to chaos scenario for Canadian BCOs and LSPs

Chances of disruption to cargo flows in and out of Canada went up a notch when customs and immigration agents voted to strike over their contract negotiations with the Canada Border Services Agency (CBSA). Read more.

About Cole International's Freight Forwarding Services:

At Cole, we’re proud to have been freight forwarders for more than 60 years. Freight forwarders are at the frontlines of today’s global supply chain challenges.
 
These freight industry updates share some of the latest news on global shipping updates, keeping you abreast of the situation and giving you insight into the complexity freight forwarders are navigating at this time. Contact us today to learn how we can streamline your shipping operations.

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