Noatum Logistics Completes Acquisition of the Multinational MIQ Logistics. Read more.

News

CP CANADIAN NETWORK SHUTDOWN

On Thursday, the Teamsters Canada Rail Conference (TCRC)-Train & Engine provided CP with its 72-hour strike notice to be effective 00:01 ET on Sunday, March 20. CP had previously issued notice to the TCRC of its plan to lock out employees at 00:01 ET on March 20, if the union leadership and the company were unable to come to a negotiated settlement or agree to binding arbitration.

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LOCKDOWNS SPREAD IN CHINA AS THE VIRUS SURGES IN SHANGHAI AND OVER A DOZEN PROVINCES

Downtown Shanghai heavily effected as covid out breaks surge. Museums, Theaters, and galleries closed, and refunds issued in the city of Shanghai. The majority of schools located in the inner city announced that they will be swapping to online learning as of Friday the 11th. Across China more than 100 neighborhoods have been deemed medium or high-risk danger zones, with required frequent testing and partial or complete lockdown.

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TRUCKING RATES EXPECTED TO INCREASE NATIONALLY

On Tuesday, this week, the price of diesel fuel on the CME commodity exchange rose 21.98 cents per gallon, which is the largest single day increase since early June 2008. The US Department of Energy reports that the national average price of diesel at the pump jumped $0.75 cents in the first week of March, up a total of $1.71 from one year ago.

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RUSSIA-UKRAINE WAR: IMPACT ON GLOBAL LOGISTICS

As the conflict between Russia and Ukraine grows, the operational outlook for logistics operations with these countries has been severely altered.

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FEBRUARY LOGISTICS LINK

During the month of February, 2022, Noatum Logistics was involved in a number of events throughout the logistics industry.  Read about industry updates, regulatory updates and announcements in the February, 2022 Logistics Link.

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NEAR-RECORD IMPORTS LEVELS EXPECTED AT U.S. PORTS AS CONGESTION CONTINUES

Source: National Retail Federation Press Release- March 9, 2022

Imports at the nation’s major retail container ports are expected to be at near-record levels this spring and summer as consumer demand and supply chain challenges continue to result in congestion, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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NEW U.S. SANCTIONS AND EXPORT CONTROLS AIM TO IMPOSE “DEVASTATING COSTS” ON RUSSIA

HUSCHBLACKWELL

On February 24, 2022, the United States imposed a combination of extensive and complex trade sanctions and export controls against Russia in response to is invasion of Ukraine.

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UNITED STATES AND JAPAN REACH AGREEMENT ON SECTION 232 STEEL TARIFFS

On Monday February 7, 2022 the United States Trade Representative (USTR) announced a 232 Tariff Agreement with Japan. The new agreement will allow Japan to ship up to 1.25 million tons of steel under a tariff rate quota (TRQ) without paying the 25% tariff. Any steel shipped in excess of the 1.25 million tons will be subject to the 25% tariff. The agreement which will take effect April 1st did not change the 10% tariff on aluminum.

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CANADIAN PROTESTS AND BORDER DISRUPTION

Continual disruptions along the Canadian border are creating havoc for us all. Currently this is what we know:

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SOLAR CELL 201 SAFEGUARD REVISED AND EXTENDED

On Friday February 4, 2022, the President of the United States issued a Proclamation to Continue Facilitating Positive Adjustment to Competition from Imports of Certain Crystalline Silicon Photovoltaic Cells (CSPV) (Whether or Not Partially or Fully Assembled into Other Products.

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