On Monday, Shanghai launched a two-stage lockdown of its 26 million residents in a campaign against the Covid-19 virus and rising omicron cases. The lockdown is being implemented in two…
Trade Alerts
U.S. Announces New and Updated Russian Sanctions
The trade continues to closely watch the movement of legislation through the United States House of Representatives and the United States Senate, which would remove Most Favored Nation (MFN) trade…
CP and TCRC Reach Agreement and End Work Stoppage
Canadian Pacific Railway (CP) and the Teamsters union have agreed to final and binding arbitration to end the work stoppage that began on Sunday. Workers returned to the job at…
Canadian Pacific Railway Shuts Down and Union Workers Strike
Trains across Canada came to a halt early on Sunday as Canadian Pacific Railway (CP) shut down operations and locked-out workers, and the union subsequently went on strike with picketing…
Shenzhen Locked Down After Spike in Covid Cases
China has locked down Shenzhen, a city of 17.5 million people, in an attempt to control its worst Covid-19 outbreak since the pandemic began in 2020. As China seeks to…
U.S. Bans Russian Imports and Downgrades Russia’s Trade Status
On March 11, President Biden issued an executive order banning imports of Russian seafood, spirits, and non-industrial diamonds due to Russia’s conflict with Ukraine. This ban follows earlier sanctions imposed…
Trucking Industry Struggling as Oil Prices Continue to Soar
With today’s current market conditions, the shipping industry is not only suffering from equipment and driver shortages, severe congestion, and capacity issues, but oil prices are now soaring, causing more…
Union Members at CP Rail Vote to Authorize Strike
Union members of the Teamsters Canada Rail Conference (TCRC) have voted in favor of a strike mandate beginning March 16, 2022, if a collective bargaining agreement isn’t reached. The possible…
Carriers Impose Temporary Suspension of Bookings To and From Russia
Several of the largest container shipping companies are temporarily halting all cargo bookings to and from Russia due to the ongoing invasion of Ukraine, including Maersk, MSC, CMA CGM, ONE,…
Blockades at Canadian Border Crossings Causing Delays
The Coutts border crossing is the only 24/7 commercial crossing between Alberta and Montana, and it is one of Canada’s busiest crossings into the U.S. Service at the border has…
