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Newsletter – November 23, 2023
AIR FREIGHT UPDATES
Canadian airlines throttle back cargo plans for slower growth
theloadstar.com
Canada’s leading air cargo carriers have dialled back their freighter fleet expansion plans but still see room for growth.
Cargojet, the nation’s top all-cargo carrier, has put four 757 freighters up for sale. The planes have been surplus after a restructure earlier in the year that saw some route consolidation leveraging its 767 freighters, said chief strategy officer Jamie Porteous. Read more here (login required).
GROUND FREIGHT UPDATES
UPDATED: Niagara border crossings closed following Rainbow Bridge explosion
trucknews.com
Four international border crossings in Ontario’s Niagara region were closed Wednesday afternoon following a vehicle explosion on the American side of the Rainbow Bridge in Niagara Falls.
The Peace Bridge at Fort Erie, Queenston-Lewiston Bridge at Niagara-on-the-Lake, and Whirlpool Bridge in Niagara Falls reopened late in the afternoon. Read more here.
Global truck driver shortage to double by 2028, says new IRU report
iru.org
IRU’s 2023 driver shortage report has found that over three million truck driver jobs are unfilled, or 7% of total positions, in 36 countries studied. With the huge gap between young and old drivers growing, it will get much worse over the next five years without significant action. Read more here.
INTERNATIONAL BUSINESS-GOVERNMENT UPDATES
Procurement leaders are prioritizing ESG, but gathering data is ‘increasingly painstaking’: report
supplychaindive.com
Along with informational challenges, buyers said that they have difficulty finding sustainable suppliers, according to a recent survey released by Amazon. Read more here.
‘A long time coming’: Ottawa looks at requiring corporate climate disclosures
bnnbloomberg.ca
Climate finance advocates are welcoming news that the federal government plans to look at options to mandate climate disclosures from private companies and create a taxonomy on sustainable practices in the financial sectors.
In their fall fiscal update, released Tuesday, the federal Liberals said they want to keep their advantage as a “world leader in climate finance” by “moving towards mandatory reporting of climate-related financial risks across a broad spectrum of the Canadian economy.” Read more here.