global supply chain

Schenker sale could create US logistics powerhouse

The sale of the logistics arm of Germany’s national railway has the potential to create a new supply chain powerhouse in the United States.

Final bids value DB Schenker, a unit of Deutsche Bahn, at as much as $17 billion, according to published reports.

The bids from a consortium led by U.S.-based CVC Capital Partners and Danish transport company DSV value the business at around 14 billion euros ($15.6 billion).

Schenker operates 1,850 locations worldwide with more than 725 warehouses and 72,000...

https://www.freightwaves.com/news/schenker-sale-could-create-us-logistics-powerhouse

Impact minimal from Canada rail shutdown 

In Canada, railroad union contract talks and trains came to a near-simultaneous halt, but shippers and logistics executives said the recovery has been almost as swift.

“The work stoppage situation was resolved so quickly, we are not seeing much impact on the recovery,” Shelli Austin, president, InTek Freight & Logistics, based in Indianapolis, said in an email to FreightWaves. “We actually saw more impact on the pro-active planning leading up to the work stoppage.”

The Canada Industrial Relations...

https://www.freightwaves.com/news/impact-minimal-from-canada-rail-shutdown

Union pact averts India port strike

A strike at India’s ports that further threatened the global supply chain was called off Tuesday after workers agreed to a new five-year contract.

The indefinite walkout by almost 20,000 workers across India’s biggest ports was scheduled for Wednesday.

Unions, which had first demanded a pay raise of around 10.6%, agreed to an increase of 8.5% over five years at negotiations in New Delhi, Reuters reported.

Negotiations had been ongoing since 2021. The previous pact expired in December of that year.

A...

https://www.freightwaves.com/news/union-pact-averts-india-port-strike

NY-NJ ports enjoy record month

The Port of New York-New Jersey recorded its busiest July ever, surpassing 800,000 twenty-foot equivalent units on surging inbound container flows as importers moved early on back-to-school and end-of-year holiday inventory ahead of a host of issues clouding the global supply chain.

The Port Authority of New York and New Jersey in a release said July was the seventh-busiest month in the port’s history and the first month that total volume reached 800,000 TEUs since September 2022.

New York-New...

https://www.freightwaves.com/news/ny-nj-ports-enjoy-record-month

Canada railroads look to restart as union returns to work

It could take the two largest Canadian railroads a week or more to recover from the effects of a shutdown that briefly stalled billions in freight including transborder trade with the United States.

Canadian National and Canadian Pacific Kansas City saw most of their  unionized workforce go back to work Monday, days after the Canadian Industrial Relations Board affirmed an order by Labor Minister Steven MacKinnon ending a lockout by the carriers and ordering binding arbitration to resolve the...

https://www.freightwaves.com/news/canada-railroads-look-to-restart-as-union-returns-to-work

Air cargo industry anticipates big peak season to finish year

Logistics professionals and analysts expect the air cargo market’s remarkably strong first half to build momentum during the final months of the year, when international shipping normally peaks to meet holiday shopping demand, leading to pressure on capacity and higher rates.

E-commerce volumes out of Asia continue to be a driving force behind growth, but other factors are also positively influencing air shipping.

Although many U.S. and European businesses pre-ordered inventory to avoid being...

https://www.freightwaves.com/news/air-cargo-industry-anticipates-big-peak-season-to-finish-year

Railroads, unions trade charges as shutdown begins

Canada’s largest railroads, Canadian National and Canadian Pacific Kansas City, early Thursday locked out 9,300 union employees represented by the Teamsters Canada Rail Conference (TCRC), shutting down the country’s rail network in a move that is expected to disrupt supply chains across North America.  

The lockout of train crews and control personnel at 12:01 a.m. Eastern time Thursday had been expected after no progress was reported in contract bargaining with federal mediators that ran late...

https://www.freightwaves.com/news/railroads-unions-trade-charges-as-shutdown-begins

Logistics providers says Canada rail strike would ‘paralyze ports’

Logistics providers warned the historic shutdown of Canada’s two largest railroads would have a seismic effect on the cross-border supply chain as shippers search for alternative transportation.

Both Canadian National and Canadian Pacific Kansas City have set a deadline of early Thursday to lock out workers, barring agreement on a new contract with the Teamsters union. The union also warned of its intent to walk off the job, marking the first time Canada’s largest railroads would both idle...

https://www.freightwaves.com/news/logistics-providers-says-canada-rail-strike-would-paralyze-ports

Canada labor minister meeting with railroads, union to head off work stoppage

As a Thursday deadline for an unprecedented shutdown of Canadian rail service creeps closer, here are the latest developments on both sides of the border:

  • Canada Labor Minister Steve MacKinnon is meeting with representatives of Canadian National, Canadian Pacific Kansas City, the Teamsters Canada Rail Conference and federal mediators in a push to get the sides to reach agreement on a new contract. MacKinnon on Tuesday was scheduled to be in Montreal where CN has its headquarters and Wednesday...

https://www.freightwaves.com/news/canada-labor-minister-meeting-with-railroads-union-to-head-off-work-stoppage

Vancouver port acts ahead of Canada rail stoppage

Canada’s busiest West Coast container gateway is implementing measures to sustain cargo flows in the event of a work stoppage by railroad employees.

“We are concerned about the prospect of further labor disruptions impacting port and supply chain operations,” the Vancouver Fraser Port Authority said in a statement Monday. “The impact to the Port of Vancouver will be significant, with approximately two-thirds of all cargo volumes at the port moved by rail, including 90% of international exports.”

C...

https://www.freightwaves.com/news/vancouver-port-acts-ahead-of-canada-rail-stoppage

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