Spot market freight availability as measured by the DAT North American Freight Index has run high since July 2013 due to factors including extraordinary weather events, regulatory changes and driver shortages. May 2014 extends the trend, becoming the eleventh consecutive month to post a year-over-year record high, a 40 percent increase over last May. Month over month, however, May freight volumes declined 2.1 percent compared to April.
Stolt-Nielsen Gas (SNG), SunLNG Holding (SunLNG) and LNGaz have teamed up to provide natural gas to remote mining operations and other industrial customers in northeast Canada at a lower cost than diesel and residual fuel oil, which are the primary energy sources today.
Last year Target opened 124 stores across Canada, with disastrous consequences that are only just starting to be felt financially. Items were coming into the distribution centres sporadically and then piling up in storage, partly due to the barcodes not corresponding with the warehouse management system.
When TransCanada first proposed the Keystone XL pipeline in 2008, the company hoped it would be done by 2012 and begin carrying heavy crude from the Alberta oil sands in Western Canada down to the U.S. Gulf Coast. Six years later the pipeline remains in limbo, stymied by Department of State reviews, route adjustments, lawsuits, environmental and economic studies, and (most important) an Obama administration that appears truly divided on the issue. Last month the State Department announced that no decision would come until after November's midterm elections.
Twenty years after NAFTA, the failure of member countries to invest in adequate border infrastructure is catching up with us. To reverse the drag on our competitiveness, North America needs an infrastructure bank. To this end, Canada should join and lead the transformation of the North American Development Bank.
Results published by the Canadian General Freight Index (CGFI) indicate that the total cost of ground transportation for Canadian shippers increased by 0.75 percent in February when compared with January results.