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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. 

MSC’s financial results leaked

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.

$750 million cargo logistics project announced for Prince Rupert port

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.

For the first time since 2018 flights to this country will resume from Pearson Airport in Mississauga

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.

Ratified: Labour deal between St Lawrence Seaway union workers and employers

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 Airlines cancels 26 flights amid financial crisis

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:

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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