
Freight Market Update: August 15, 2024
Freight Market Update for August 15, 2024, as Canada railroad labor talks face an August 22 lockout deadline affecting nearly 10,000 Teamsters workers.

Freight Market Update for August 15, 2024, as Canada railroad labor talks face an August 22 lockout deadline affecting nearly 10,000 Teamsters workers.

Nearly 10,000 Canadian rail workers may strike pending a labor board ruling, threatening imports and exports across CN and CPKC networks, August 8, 2024.

Transpacific volumes stay strong as Cape of Good Hope routings and Asia and North America port congestion drive blank sailings and softening rates.

Transpacific volumes stay strong as Cape of Good Hope reroutings and Asian and North American port congestion drive structural blank sailings and July GRIs.

Transpacific Eastbound volumes stay strong but Cape of Good Hope routings and Asia and North America port congestion drive blank sailings and premium service demand.

Transpacific volumes stay strong despite blank sailings from Cape of Good Hope routings and Asia and North America port congestion as June GRIs take effect.

Canada faces potential border-agent and rail labor disruptions as CBSA reaches a legal strike position and CN and CPKC rail negotiations head toward arbitration.

Transpacific eastbound ocean freight enters peak conditions as May US imports rise 6.8% YoY and carriers push fresh $1000 GRIs in late May 2024.