Cargojet soars while rival carriers cut back on freighter operations
Canada’s largest freighter airline, Cargojet, is flying high on e-commerce. The carrier has expanded its work ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
The so-called Freedom Convoy in Canada has turned from a politicised movement into a supply chain disruption event. And it’s the hard-hit automakers, already struggling from a lack of chips, that are bearing the brunt. The partial blockade of Ambassador Bridge is delaying the movement of parts between factories. Ford and Toyota have been impacted, as have some Tier 1 parts makers, leading the Canadian Vehicle Manufacturers’ Association to urge the protest to end. While it is mostly trucks blocking the way, in fact the local trucking association says “most protesters have no connection to the trucking industry”. The US and Canadian government are working together to mitigate damage to the auto industry, agricultural exports and the flow of labour between the two countries, reports The Washington Post.
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