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.
Steel industry groups say Carney's retaliatory plan for U.S. tariffs 'falls short'
The Canadian Steel Producers Association and United Steelworkers Union are panning Prime Minister Mark Carney's response to U.S. President Donald Trump's punishing tariffs. Read more.
Trump floats 50% tariff on copper, 200% on pharmaceuticals
President Donald Trump said he plans to implement a 50% tariff on copper imports, and is mulling a 200% levy on imported pharmaceutical products later this year. Read more.
Minister Anand announces major additional sanctions in relation to Russia’s war of aggression against Ukraine
The Honourable Anita Anand, Minister of Foreign Affairs, today announced that Canada is imposing additional sanctions on 77 individuals and 39 entities under the Special Economic Measures (Russia) Regulations. Read more.
War risk premiums surge amid renewed Red Sea attacks
The insurance cost of shipping goods through the Red Sea has more than doubled in recent days after Yemen’s Houthis attacked and sank two ships, killing at least four seafarers after months of calm, industry sources said on Thursday. Read more.
FedEx founder and executive chairman Frederick Smith has died, CEO tells staff
FedEx Corp's founder and former CEO Frederick Smith, who started the global delivery conglomerate with more than a dozen planes in the 1970s, has died, the company's CEO Raj Subramaniam said in memo to staff posted on its website on Saturday. Read more.
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