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 industry updates that include some of the latest freight news, helping to keep you on top of the dynamic global supply chain landscape.
Canada's trade deficit widened to $3.73 billion in June from May, the largest in nearly three years, as exports dropped 2.2%, outpacing an 0.5% decline in imports, Statistics Canada said on Tuesday. Read more.
A four-year labor contract is now in place at Canada’s West Coast ports after both the negotiating union and maritime employers ratified the deal, bringing stability back to the country’s supply chains. Read more.
Canada should tread carefully when implementing a “friendshoring” policy, according to a new assessment from the Conference Board of Canada that points out the potential economic pitfalls of attempting to reshape trade patterns. Read more.
Yellow Corp.’s shutdown has left shippers without a major player in the less-than-truckload space – a development that means higher costs are likely in store, according to trucking industry analysts. Read more.
A historic decline in China parcel-shipping volumes brought global growth to a virtual standstill last year and will curb global activity through 2028, according to Pitney Bowes Inc.’s annual global shipping index published Wednesday. Read more.
About Cole International’s Freight Forwarding Services: