Bi-weekly Freight Updates - February: 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 freight updates that include some of the latest industry news, helping to keep you on top of the dynamic global supply chain landscape.
Red Sea crisis and peak season — do you have a container plan?
The established Red Sea diversion routes may have provided some clarity for companies in their supply chain planning, but it’s the duration of these diversions that needs to be factored in when strategizing for peak season. Why? Container availability. Read more.
Lynx Air to cease operations Monday, obtains creditor protection
Lynx Air, a Calgary-based airline launched less than two years ago with a promise to make air travel more affordable for Canadians, says it will cease operations on February 26. Read more.
Teamsters Canada warns rail strike looms over pay, hours at CN, CPKC
The union representing almost 9,300 workers at Canada’s two biggest rail operators says the railroads are pushing toward a work stoppage after negotiations have deadlocked over issues of working conditions and wage increases. Read more.
Ocean carriers propose "feebate" carbon levy with annual increases
The World Shipping Council, the industry body for ocean carriers, has joined the call for a "feebate" bunker tax-and-subsidy program - but with a new twist. Read more.
Another strike hits Lufthansa Cargo services – and may not be the last
A strike starting this evening at Lufthansa Cargo will affect a “significant number” of freighter flights to and from Germany; and threatens to become a regular occurrence. 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 freight industry updates share some of the latest news on global shipping updates, 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.
Keeping you in the loop. It's what we do.