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Freight updates October 18, 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. 

Israel update: airlines warned of high risks of operating in a war zone

Tel Aviv’s Ben Gurion Airport remains open to traffic – but several major airlines have yet to lift their suspension of flights to and from Israel’s main air hub, as security remains a key issue after the deadly attack by Hamas last Saturday. Read more.  

Transport Canada invests $150M to build new container terminal in Contrecoeur, Que.

The federal government has announced an investment of up to $150 million toward a container terminal in Contrecoeur, Que., which is about 70 kilometres northeast of Montreal. Read more.

B.C. gives green light to Roberts Bank terminal expansion

Nearly a decade after it entered the environmental review process, Roberts Bank Terminal 2 in Delta has been given the green light by B.C.’s ministers of Environment and Transportation. Read more.

EU carbon tax could have a significant impact on global trade

On Sunday, the EU and the world’s first carbon import tax came into force. Until 2026, it will be in a transitional phase allowing stakeholders to collect useful information to refine the methodology for the levy’s definitive period, which follows thereafter. Read more.

International Longshore and Warehouse US dockworkers union files for bankruptcy

The International Longshore and Warehouse Union representing U.S. dockworkers has filed for a chapter 11 bankruptcy protection to resolve a pending litigation with the Oregon affiliate of the International Container Terminal Services Inc. 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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