Canadian National Railway Co. (CNR) and Canadian Pacific Railway Ltd. (CP), the country's No. 1 and 2 carriers, are rushing to build terminals to load oil beyond the reach of pipelines in some of North America's remotest regions.
Domestic container volume recorded double-digit growth for the fourth quarter in a row, according to the Intermodal Association of North America's just-released Intermodal Market Trends + Statistics report.
Daniel F. Lynch, director of international trade and transportation at Dalhousie University, reveals the importance of two-way trade between the U.S. and Canada - while offering a frank appraisal of the challenges that stand in the way of an ideal relationship.
The cost of ground transportation for Canadian shippers decreased by 0.5 percent in July when compared with June results, according to the Canadian General Freight Index.
Canada's oil patch is quietly sending large new volumes of oil on rail cars, even as it fights to overcome mounting opposition to plans for new pipelines to the U.S. Gulf Coast and Canada's West Coast.
Despite Middle Eastern carriers recording a 16-percent, year-over-year, increase in freight demand in July, global cargo markets shrunk 3.2 percent, year-over-year, according to International Air Transport Association statistics. IATA partially attributed this decline to a comparison with a "relatively strong" July 2011, but said global trade growth is still sluggish.
Trade using surface transportation between the United States and its North American Free Trade Agreement partners, Canada and Mexico, was 6.6 percent higher in June 2012 than in June 2011, totaling $82.6bn, unadjusted for inflation, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.