Weekly Logistics News Headlines: Chinese Covid-19 Outbreaks, Canada Border Strike, Missouri Train Derailment
China’s most robust outbreaks of Covid-19 in a year are impacting air freight prices. According to The Loadstar, one crop of cases has caused the nation to close its Nanjing Airport. The closure has had cascading effects on air freight capacity, congestion, and pricing for outbound loads.
The Canada Border Service Agency union has announced that a job action will begin Friday just as Canada itself opens its borders to non-essential travel. The union itself has stated that travelers and commercial transit alike should expect severe delays at border crossings into Canada.
A train carrying brand-new Ford F-150 trucks derailed in rural northeast Missouri Monday. FreightWaves reports that Norfolk Southern is in the process of investigating the cause and factors contributing to the derailment.
Ocean freight rates out of China continue to go up, especially as the nation grapples with its latest round of Covid-19 outbreaks. Reuters reports that forty-foot equivalent units are now drawing prices north of $20,000. The new pricing records arrive just as the industry’s traditional peak season begins. Companies seeking to import inventory before the holidays will meet unprecedented shipping costs.