Yesterday, Canada Pacific Railway (CP) suspended its Canadian rail services after engineers, conductors, and rail traffic controllers of the Teamsters Canada Rail Conference (TCRC) began a strike. Negotiations between the parties are still underway and should the negotiation be prolonged, the Canadian Labor Minister is readying possible back-to-work legislation.
The strike will not affect CP rail operations in the U.S.
While the full ramifications of this strike are unknown, there may be some congestion on Canadian rail going forward as carriers re-route cargo to other fully operational rail lines.
Agility, both in Canada and the U.S., will continue to monitor the situation through our contact with the carriers and we will keep you updated on the situation as new developments occur.
Agility, acknowledges the impact that global supply chains are having in lifting barriers to trade, a key finding of the Global Enabling Trade Report published today by the World Economic Forum (WEF).
“The report shows clearly how accepted wisdom about trade has been turned on its head,” said Tarek Sultan, Chairman and Managing Director, Agility. “We see this every day across emerging and developed markets alike — there is no doubt that business imperatives and increasingly global supply chains are opening doors and helping establish new trade flows.”
Agility reported a net profit of KD 7.1 million on revenue of KD 321.8 million in Q1 2012. The company continues the turnaround of its commercial business – the main driver behind Agility’s growth. Learn More.
The strike by container haulage drivers at Port Kelang – the main import and export gateway by sea into Malaysia – has temporarily stopped. Authorities from Port Kelang terminal are currently working on an agreement between truckers and depot operators.
However, the strike has resulted in a backlog of containers at the port. As a consequence, delays in receipt of import and export containers are inevitable and could result in additional port storage and removal charges.
We will continue to closely monitor the situation and provide regular updates.
To meet the growing demand for integrated logistics services in Malaysia, Agility relocated to a new location in Penang. The state-of-the-art facility has approximately 60,000 square feet of warehouse space and 20,000 square feet of office space. Learn more.
A truck operators strike started today at Port Kelang in Malaysia.
The demonstration has resulted in blockages to main road junctions leading to Northport Terminal, Customs and Depots in the Port Kelang vicinity. Traffic is at a standstill.
The massive traffic jam has resulted in backlog and has impacted Agility’s container delivery today as haulage drivers are hesitant to collect and deliver containers for safety reasons.
We are experiencing delays in container collection and return.
We will continue to closely monitor the situation and provide regular updates as they are available.
Agility has received the Authorized Economic Operator certificate for safety and security in its Poland offices. This certification demonstrates Agility’s aim to provide its customers with simplified processing and operational excellence. Learn more.
Agility has won a contract to transport 420 railway wagons from Spain to Kazakhstan for Talgo. Agility will leverage its specialized expertise, global network and partnerships to manage the movement of wagons from origin to final destination, while providing the highest standard of health, safety and quality management. Learn more.
The workers at the Port of Balboa, Panama (PPC) have organized a general strike which is estimated to last at least 48 hours. All port and rail activities are suspended until further notice.
Agility reported a net profit of KD 27 million for the full year ending December 31, 2011. The company remains focused on growing profit through financial discipline and transformation of its operating platform. Learn more.