July 28, 2023: Rail traffic from Canada into the U.S. had a third-straight weekly decline because of the on-again, off-again strike at the West Coast Canadian ports.
The vessel and container traffic is raising concerns for chemical companies with critical materials stuck. As a result, creating supply chain issues.
The previous week’s total rail volume from Canada to the U.S. was down 12%, according to The Association of American Railroad’s latest rail traffic report for July 22. This was an improvement given the first whole week of the strike experienced a 46% decrease in rail trade from Canada, and the second week suffered a 36% decrease.
The table shows statistics for Canadian rail traffic 2023 as of the week ending.
There are now nine containerships waiting at the Port of Vancouver, and the average wait time to get into the port is 7.8 days, according to MarineTraffic data. Six container vessels are anchored at the Port of Prince Rupert, and the middle wait to get into port is 8.9 days.
The Railway Association of Canada initially estimated that it would take three to five days every day the strike lasted for networks and supply chains to recover.
When the first strike ended on its thirteenth day, delays for rail containers were estimated at 39 to 66 days. Adding another day with the on-again, off-again strike last week brings the congestion removal tally up to 42-70 days.
“Delays appear to be bearing out toward the mid-to-upper end of that range,” a Railway Association of Canada spokesperson wrote.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
September 27, 2023: Chinese e-commerce company Alibaba said Tuesday that it would spin off its logistics arm, Cainiao Smart Logistics…
September 27, 2023: The United States has imposed fresh trade restrictions on Chinese and Russian firms, a move made on Monday, which has …
September 26, 2023: On Monday, Japanese automaker Nissan revealed its dedication to transitioning to completely electric …
In an industry as competitive and fast-paced as Consumer Packaged Goods (CPG), standing out from the crowd requires innovation and adaptability. The cracks in the CPG supply chain were exposed long before the global pandemic struck, but the events of the past year only exacerbated the weaknesses.
Supply chain leaders, including VPs, often find themselves making bets with unknown financial consequences. Having started with largely infeasible plans generated by deterministic “one-number” planning systems, compounded by unexpected supply or demand disruptions, they are forced into last-minute adjustments to meet operational and financial goals.
Unsurprisingly, today’s supply chain faces numerous issues, including sustainability, technology, global economic and political instability, talent management, and supply chain resilience. Advanced forecasting algorithms and predictive analytics are used in supply chain management to help organizations of all sizes make better decisions by providing insights into what’s going on in their business at any given moment and predicting future trends.