financetom
Business
financetom
/
Business
/
C.H. Robinson diverting some US customers' cargo away from Canadian ports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
C.H. Robinson diverting some US customers' cargo away from Canadian ports
Aug 19, 2024 9:04 AM

Aug 19 (Reuters) - U.S. freight forwarder C.H. Robinson ( CHRW )

said on Monday it was diverting some of its U.S.

customers' ocean cargo away from Canadian ports as the threat of

a rail strike looms.

It said roughly 80% of its customers who had switched are

now exporting through Los Angeles/Long Beach ports and the rest

through Seattle/Tacoma ports.

Canadian railroads, Canadian National and Canadian

Pacific Kansas City ( CP ), are bracing for a possible work

stoppage by the Teamsters Canada Rail Conference Union.

"Now that a strike notice has been declared, some of our

Canadian export customers are starting to ship time-sensitive

goods to the ports by truck to avoid containers being stuck at

rail terminals during a strike," C.H. Robinson's ( CHRW ) Canada VP Scott

Shannon said in a statement to Reuters.

C.H. Robinson ( CHRW ) is lining up extra trucking capacity on both

sides of the border, as volumes are expected to shift to

highways following the disruption.

A strike, which could come as early as August 22, brings a

level of uncertainty for shippers in both U.S. and Canada,

forcing them to think about over-the-road options.

(Reporting by Abhinav Parmar in Bengaluru; Editing by Tasim

Zahid and Sriraj Kalluvila)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Update: T-Mobile Breached in Widescale Chinese Cyberattack on Telecoms
Update: T-Mobile Breached in Widescale Chinese Cyberattack on Telecoms
Nov 19, 2024
10:24 AM EST, 11/18/2024 (MT Newswires) -- (Updates with T-Mobile statement in the second and fifth paragraph and other details throughout.) T-Mobile (TMUS) was among the multiple US and international telecommunications companies breached by hackers linked to a Chinese intelligence agency, the company confirmed Monday in an email to MT Newswires. T-Mobile is closely monitoring this industry-wide attack, T-Mobile said....
Perpetua Resources Prices Share Offering
Perpetua Resources Prices Share Offering
Nov 19, 2024
10:24 AM EST, 11/18/2024 (MT Newswires) -- Perpetua Resources ( PPTA ) said Monday it priced its public offering of about 3.4 million shares at $10.17. Underwriters were given an option to buy up to an additional 515,919 shares. The gross proceeds to Perpetua from the offering will be about $35 million, or about $40 million if the underwriters exercise...
Shift4 Payments, San Antonio Spurs Enter Payment Technology Partnership
Shift4 Payments, San Antonio Spurs Enter Payment Technology Partnership
Nov 19, 2024
10:28 AM EST, 11/18/2024 (MT Newswires) -- Shift4 Payments ( FOUR ) will be the official integrated payment technology partner of the San Antonio Spurs, the National Basketball Association team said Monday. As part of the partnership, Shift4's payment technology will become integrated into transactions at Frost Bank Center and Toyota Field events, the team said. Shift4 shares were more...
Caravelle Regains Compliance With Nasdaq Minimum Bid Price Rule
Caravelle Regains Compliance With Nasdaq Minimum Bid Price Rule
Nov 19, 2024
10:28 AM EST, 11/18/2024 (MT Newswires) -- Caravelle International Group ( HTCO ) said Monday it regained compliance with Nasdaq's minimum bid price requirement. The regulator notified the company on July 26 that it was not in compliance with the minimum bid price requirement as the company's ordinary stock closed less than $1 a share for more than 30 consecutive...
Copyright 2023-2026 - www.financetom.com All Rights Reserved