Weekly Logistics Headlines: Russia Sanctions, Fire Sinks Vessel
Swift and severe sanctions from western nations have crimped logistics in Russia. The economic countermeasures from the U.S. and others arrive in response to Russia’s invasion of Ukraine. Air freight, ocean carriers, rail lines, and more have ceased operations into and out of Russia. Additionally, the nation has effectively been cut off from the western financial system. The Loadstar reports more.
After a period of relative quiet, the fight between Canadian National Railway and Canadian Pacific Railway for the rights to take over Kansas City Southern has escalated again. According to Transport Topics, CP is set to be the victor and begin the takeover in the next year. But CN has thrown up another roadblock by filing a “Responsive Action Petition” with U.S. Surface Transportation Board. Whichever rail carrier takes over KCS will have the first continuous line linking Canada, the U.S., and Mexico.
A ship carrying more than 4,000 cars sank in the Atlantic after days of fires on board. The Felicity Ace caught fire February 16 while carrying Volkswagen, Porsche, Bentley, and Audi vehicles. According to American Shipper, all 22 of the crew evacuated the vessel safely.
Severe storms are slated to dump rain, snow, winds, and more throughout the south-central U.S. this weekend. FreightWaves reports that two separate systems the region. Severe weather will impact the I-29 corridor Saturday near Nebraska, Iowa, Kansas, and Missouri. Canada and the southern U.S. will see their share of severe weather Sunday.