Category: freight
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Fresh produce exporters hit as airlines withdraw freight services
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Horticulturists and fresh produce exporters in Kenya are facing losses at the start of the peak season, after several international airlines withdrew their cargo services at the main Jomo Kenyatta International Airport, citing lower returns compared to other routes. The dire situation facing farmers and exporters has been exacerbated by…
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Freight market green shoots fade heading into October
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Photo: Jim Allen – FreightWaves Chart for the week: National Truckload Index (Linehaul only), Outbound Truck Bids Rejection Index – USA Sonar: NTIL.USA, VOTRI.USA Spot prices excluding the estimated total cost of fuel have fallen by 3% since the beginning of August. Dry truck bid rejection rates (VOTRI), which measure…
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Why more Kenyan horticulture exporters are shifting to sea freight
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Kenyan horticultural exporters are increasingly having to transport their produce by sea rather than air, as consumers and retailers in the EU market increasingly seek products with lower carbon emissions. Stakeholders in Kenya’s horticulture sector now say the growing number of environmentally conscious consumers in Europe, coupled with competition from…
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Canada’s CN Rail, CPKC shut freight network after impasse over union talks By Reuters
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Written by Jahnavi Nidumulu and Abhinav Parmar (Reuters) – Canadian National Railway (CN) and Canadian Pacific Kansas City-based CPKC shut down its railroads nationwide on Thursday, laying off about 10,000 workers after failed negotiations with a major labor union. The decision, confirmed by the Teamsters Union, paves the way for…
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CN Rail issues lockout notice to union, Canada-wide freight rail stoppage looms By Reuters
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Written by Promit Mukherjee OTTAWA (Reuters) – Canadian National Railway (TSX:), one of Canada’s two main rail companies, formally notified the Canadian Truck Drivers Union on Sunday that it will begin locking out workers at the union early on Thursday morning. “Unless an immediate and decisive solution to the labour…
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Hapag-Lloyd CEO sees solid shipping demand driving up freight rates By Reuters
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FRANKFURT (Reuters) – Strong demand for container shipping has pushed freight rates higher in the past two months, Hapag-Lloyd Chief Executive Rolf Habben Jansen said on a call with reporters on Wednesday. He said attacks on ships by Yemen-based Houthi militants had prompted shipping companies to avoid the Red Sea,…
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FedEx to cut up to 2,000 back-office jobs in Europe amid weak freight demand By Reuters
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Written by Ananta Agarwal (Reuters) – FedEx plans to cut between 1,700 and 2,000 back-office jobs in Europe, in its latest cost-cutting effort as the package delivery giant faces a decline in demand for shipping. FedEx (NYSE:) said the cuts will extend over 18 months and will result in a…