Bi-weekly Freight Updates - April: 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.
Baltimore Port: What impact will bridge collapse have on shipping?
A major bridge collapsed in the U.S. port of Baltimore in the early hours of Tuesday after being struck by a container ship, plunging cars into the river below. Traffic was suspended at the port until further notice, Maryland transportation authorities said. Read more.
Rise of the techie cargo thieves: How digitally savvy theft has invaded trucking
One day last spring, Peel police Det. Mark Haywood executed a search warrant on a property west of Toronto and found a semi-trailer loaded with snowmobiles. Read more.
More than 20 parties interested in buying DB Schenker
Deutsche Bahn (DB) yesterday provided an update on its plan to sell DB Schenker during the announcement of its full-year results, which showed the forwarder delivered a “reliable” profit performance. Read more.
FMCSA to end MC numbers, overhaul registration system to stamp out fraud
The Federal Motor Carrier Safety Administration on Thursday at the Mid-America Trucking Show in Louisville, Ky., admitted its system for motor carrier, broker and freight forwarder registration and updates had fallen behind and in part enabled rampant fraud, while pledging to completely overhaul its verification processes and improve the "customer experience." Read more.
Canada’s Pride Group files for bankruptcy protection, faces $100M lawsuit
One of Canada’s biggest trucking carriers has filed for bankruptcy protection after lender Mitsubishi HC Capital America filed a lawsuit seeking $100 million. Pride Group filed Thursday for creditor protection under the Companies’ Creditors Arrangement Act (CCAA) in Canada, which gives the company a stay of proceedings for at least 10 days. Read more.
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