News in Brief podcast | Week 30 2024 | Surcharges, strikes and IATA's stressful settlements
In this episode of The Loadstar’s News in Brief Podcast, host and news reporter Charlotte Goldstone ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
Shippers are becoming increasingly impacted by the continueing truckers’ strike at Port Metro Vancouver, now into its third week. Last week, GCT Global Container Terminals announced that its Canadian subsidiary, TSI Terminals Systems, had issued a force majeure, meaning it was unable to serve customers. While things had started to look up on Thursday as the port and provincial and federal governments issued a 14-point plan, truckers raised concerns, indicating that the strike could continue. A union leader said the proposal was full of “glaring holes”. Ending the strike is a top priority for the port, with only 15% of the normal volume of trucked containers being shipped and both shippers and box lines shifting business elsewhere. Canada’s mill and lumber business is also suffering.
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