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Freight updates June 13, 2023: 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 industry updates that include some of the latest freight news, helping to keep you on top of the dynamic global supply chain landscape. 

Is Canada losing out to U.S. and Mexico on nearshoring boom?

Since 2021, the U.S. and Mexico have attracted a wave of high-tech factories related to gas-powered automotives, electric vehicles and semiconductor manufacturing. Read more.  

U.S. shippers put on high alert over double-brokering fraud

Truckers and shippers in the U.S. are on high alert over double brokering, an illegal activity that is hitting the market to the tune of more than $500m in a year. Read more.  

Alberta's Peavey Industries acquires Guy's Freightways

Red-Deer, Alta.-based retailer Peavey Industries has acquired long-term partner and fellow Red Deer logistics and transportation company Guy’s Freightways. Read more.  

Airbus shuttle: Air Canada operates inaugural Montreal-Toulouse service

The Canadian flag carrier has inaugurated two transatlantic routes from its Montréal hub to Europe today. Air Canada began its nonstop service to Toulouse, marking the airline's fourth destination in France. It marks the only year-round service between North America and southwestern France. Read more.  

Container shipping freight rates are too low, says Hapag Lloyd CEO

Global container shipping freight rates have reached unsustainable levels and must rebound, the chief executive of Germany's Hapag Lloyd (HLAG.DE), the world's number five operator by volume, said on Tuesday. Read more.

About Cole International’s Freight Forwarding Services:

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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