Freight updates July 14, 2022: latest news and updates on the worldwide supply chain
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.
IBEW ends strike with Canadian railway CN.
Canadian railway CN and the International Brotherhood of Electrical Workers have agreed to enter binding arbitration, ending a two-week strike over wages and benefits. Read more.
Minor changes to the import policy for small ruminants from the USA.
For a limited period of time, the Canadian Food Inspection Agency has modified and reinstated Option 2C as part of the import policy, "Requirements for Small Ruminants Imported from the US for Breeding, Domestic or Captive Purposes - TAHD-DSAT-IE-2007-5-6." It will be available until December 31st, 2022 for importers that meet the criteria specified in the import policy. Read more.
There is still over $40B in cargo on container ships waiting offshore.
Anchorages continue to fill with waiting container ships off East and Gulf coast ports, where vessel queues have far outgrown those off the West coast. Read more.
FedEx's network overhaul includes effort to streamline intermodal.
FedEx Freight will strengthen its collaboration with FedEx Ground under their parent company's "Network 2.0" strategy, as recently unveiled at an investor's meeting. The plan includes more interaction between the two FedEx companies' intermodal operations. Read more.
About the Freight Forwarders at Cole International:
At Cole, we’re proud to have offered freight forwarding services for more than six decades. Experienced freight forwarding services steward your goods along the smoothest and most efficient path from origin to destination. These updates highlight some of the latest freight news, giving you insight into the complexity of freight forwarding in our current environment. Contact us today to learn how Cole can streamline your shipping operations.
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