Freight updates May 18, 2022: latest news and updates on the worldwide supply chain
May 18, 2022
The worldwide supply chain is constantly changing. Now, two years into the pandemic-related global capacity crunch, high prices, delays, and port congestion persist. These updates will share some of the latest freight news, so we can keep you abreast of the situation.
An update from Health Canada’s health and safety program
If you import window coverings, check out the new information sheet on Canada’s corded window coverings regulations. Read more.
Canada’s 3 largest airlines make big push in cargo
Air Canada expands their freighter network. Cargojet goes deeper with 777s and DHL. WestJet prepares for all-cargo service. Read more.
Cathay Pacific adding more cargo flights as restrictions ease
Cathay Pacific has welcomed the Hong Kong government’s easing of crew quarantine rules and said the adjustments will allow it to expand its cargo operations. Read more.
Flooding and road closures in Upper Midwest
Flooding has kept sections of state and U.S. highways closed for three weeks in the Upper Midwest, showing no signs of letting up the next few days. I-29 and many state routes are affected. Read more.
Key oil report sees little relief in current tight diesel market
The International Energy Agency’s May report projects an oil market that will continue to be battered by tight supplies due to the formal and informal embargoes facing Russian oil, inventories at low levels not seen for years and a market for products, particularly distillates like diesel, that will continue to remain stronger than that of the crude needed to make them. Read more.
About the Freight Forwarders at Cole International:
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 updates share some of the latest freight news: 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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