financial
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Export Import Controls Bureau to use ViaSafe technology
The Export Import Controls Bureau has announced in a letter to all custom brokers and associations that it has signed a deal with Ottawa’s ViaSafe to offer licensed custom brokers connectivity to the new Export Import Control System. The Bureau…
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IATA chief says airlines’ profitability may depend on restructuring
The airline industry will need consolidation to be profitable in future, but backward-looking regulation is preventing this, said the director general of the International Air Transport Association. Pierre J. Jeanniot said the increasingly frail profitability of the air transport industry…
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UPS says slowing economy impacting growth
A slowing North American economy, harsh winter weather, continuing weakness in the value of the Euro, softening cargo revenues, and high utility costs are the factors contributing to reported lower first quarter earnings, says United Parcel Service. The company expects…
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Canadian National to help short lines tap rail infrastructure improvement funds
Canadian National will work closely with its United States short line partners to help them secure federal rail infrastructure improvement funds, says Paul M. Tellier, CN’s president and chief executive officer. Tellier said CN will “strongly support” the short line…
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New rail to link Central Asia and Europe will increase freight capacity
A new rail link in Central Asia will be built between northwestern China and the Atlantic coast of Europe. The route will be called the South Branch of the Second Asia-Europe Continental Bridge, which started operations back in 1990 and…
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CSCB, ViaSafe to develop collaboration technology for global logistics
The Canadian Society of Customs Brokers (CSCB), and Ottawa-based ViaSafe, Inc., have announced an agreement to jointly develop and improve solutions that promote collaboration in the global logistics industry. ViaSafe, an e-global logistics service provider, has worked closely with the…
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UPS To Acquire MAIL BOXES ETC
UPS and MAIL BOXES ETC. have jointly announced that UPS has agreed to acquire MBE. MBE is a subsidiary of US Office Products, franchisor of independently owned and operated business, communication and shipping centers worldwide. The transaction will allow UPS…
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Improved safety at railway crossings across Canada
Canada’s federal government will provide $4,554,100 to improve safety at 39 railway crossings across Canada. Since 1994, Transport Canada has contributed $55.2 million to 601 projects across Canada. “Although accident rates and crossing fatalities across Canada have reached their lowest…
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Online heavyweight FreightWise to cease operations
In what remains a surprising move, despite the recent spate of dot-com failures, online transportation marketplace FreightWise is reported to be closing its doors. With the financial backing of BNSF, General Electric and Canadian National, as well as the participation…
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Clarke appoints new VP & CFO
James G. Lawn has been appointed vice president, finance and chief financial officer for Clarke Inc. He joins Clarke from his position as chief financial officer of the Ventra Group Inc. Through its five operating divisions (Concord Transportation, Clarke Transport,…