Bi-weekly Freight Updates - July: latest news and updates on the worldwide supply chain
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.
US importers balk at return of $10,000 container shipping rate
The cost to ship a standard 40-foot container of toys, auto parts or other goods from Shanghai to New York has jumped to nearly $10,000, fueling frustration among importers and prompting some experts to say the market is in a bubble. Read more.
Cargo chaos looms as strikes threaten Canada's ports and rail networks
Strike action has threatened to erupt at both Canada’s ports and rail networks, leaving the Canada Industrial Relations Board (CIRB) with its hands full. Read more.
Ruling on question delaying Canadian rail strikes expected by Aug. 9
The Canada Industrial Relations Board aims to make a ruling by Aug. 9 on the question of essential services that has put a potential Canadian rail strike or lockout on hold, Canadian National Railway says. Read more.
U.S. sanctions send Russian LNG modules back to China’s Wison Yard
The threat of U.S. sanctions appears to now affect Chinese business decisions related to Russian energy projects. Read more.
This Canadian got caught supplying Russia with $7M in weapon parts
A man from Montreal has admitted to running a scheme to illegally send Russian military suppliers millions of dollars' worth of electronic parts that have been found in seized weapons on Ukraine's battlefields. Read more.
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