market
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CN says it is in sync with Western Canada’s grain supply chain
MONTREAL, Que.– Claude Mongeau, president and chief executive officer of CN, said that the company is continuing its record-setting pace of grain movements and remains fully in sync with the grain supply chain in Western Canada. By the end of January 2015…
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Over ordering risks upsetting tanker shipping party
LONDON, U.K.– A steep rise in vessel orders risks bringing the recent bonanza in oil tanker shipping to an abrupt end, according to the latest edition of the Tanker Forecaster, published by shipping consultancy Drewry. Following recent modest growth, the oil…
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OpenText implementing Amber Road export on-demand solution for export compliance
EAST RUTHERFORD, N.J.– Amber Road announced today that OpenText, Canada’s largest software company, is using Amber Road’s Export On-Demand solution. Prior to integrating Export On-Demand, Waterloo, Ontario, Canada-based OpenText relied on a cumbersome, manual export screening process. Now integrated with a…
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Air Cargo Ends 2014 on a Positive Note: IATA
MONTREAL, Que.–The International Air Transport Association (IATA) released full-year air cargo data for 2014 showing 4.5% demand growth compared to 2013 measured by freight tonne kilometers (FTKs). That is a significant acceleration from the 1.4% recorded in 2013 over 2012.…
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West Coast congestion impacting Canadian trade, says association
TORONTO, Ont.–In its bulletin posted February 3, CIFFA, the Canadian International Freight Forwarders Association, noted that it had written, on behalf of its members, an open letter to ocean carriers serving West Coast ports outlining increasing concerns arising from port…
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EDC finances Mexican OEM supplier Metalsa
OTTAWA, Ont.–Export Development Canada (EDC) announced a USD $100 M financing deal with Metalsa, S.A de C.V. (Metalsa), a Mexico-based OEM producer of automotive structures such as chassis, suspension, cradles and stamping. The financing will be used for general corporate…
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Commodity prices tumble to lowest level since mid-2009: Scotiabank
TORONTO, Ont.– Scotiabank’s Commodity Price Index plunged -10.3% month-over-month (m/m) and -15.4% year-over-year (yr/yr) in December to mid-2009 levels. “A fight for market share in international oil and iron ore markets as well as general unease over lacklustre global economic…
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AAL launches new operation, AAL Japan
TOKYO, Japan–Global breakbulk and heavy lift operator AAL has announced the launch of a new operation in Japan – the world’s 3rd largest economy. The strategic move is based on providing excellence in services and on-ground operational support directly to…
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FlyUs appointed Aeroflot’s Cargo GSSA across Central America
SCHIPHOL, Neth.–Dutch-headquartered GSSA company FlyUs has been chosen as Aeroflot’s cargo GSSA in six countries across Central America. Effective immediately FlyUs will represent the Russian national carrier in Belize, Costa Rica, Guatemala, Honduras, Nicaragua and El Salvador, said a release.…
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DHL Global Forwarding completes new Chicago facility
MIAMI, Fla.–DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL, has officially completed its new $35 million facility in Chicago, Illinois. The three-story building has 491,000 square-feet of office and warehouse space, making it the largest free…