Freight updates November 15, 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.
One of shipping’s greatest secrets has been revealed. In bidding for Italian train operator Italo, Gianluigi Aponte’s Mediterranean Shipping Co (MSC), a cruise and container shipping giant, has inadvertently let slip its financial results, figures that were quickly shared by eagle-eyed journalists at Il Messaggero, one of Italy’s top newspapers. Read more.
A $750 million export logistics project on Ridley Island was announced on Oct. 19 by the Prince Rupert Port Authority (PRPA). The port says this will enable seismic growth in the sector once finished. Read more.
Saudi Arabia’s national airline is resuming flights to Canada after a five-year diplomatic spat. Saudia, formerly known as Saudi Arabian Airlines, will fly three times a week between Jeddah and Toronto’s Pearson International Airport starting December 2, 2023. Read more.
A new three-year contract between unionised workers on the St. Lawrence Seaway and their employers was ratified on Friday, ending a labour strife that shut down the critical waterway for more than a week. Read more.
Pakistan International Airline (PIA) flights have been severely affected as Pakistan State Oil (PSO) stopped fuel supply to the national carrier over non-payment of dues to the company, Geo News reported on Monday. Read more.
About Cole International’s Freight Forwarding Services: