SCS Weekly Rundown | July 16th, 2024
Major Canadian Rail Strike Decision Pending
Key ruling by August 9th could impact critical rail services during these strikes.
The Canada Industrial Relations Board is set to make their decision by August 9th if essential rail shipments should proceed amidst potential strikes. This decision aims to stabilize the uncertainty affecting workers, customers, and partners by potentially extending the pre-strike notice period to 72 hours, ensuring better preparedness for any industrial action.
Read the full article here.
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Tehuantepec Rail Corridor Set to Boost Trade
This ambitious rail project aims to cement southern Mexico as a global trade hub.
The project goal is to connect Mexico's Gulf and Pacific coasts with a 188-mile freight rail line, handling a significant volume of trade annually. Officials anticipate job creation to flourish, leading to economic growth in southern Mexico through investments, despite of skepticism regarding its ability to compete with the Panama Canal.
Get all the information on this project here.
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New Demands for Regulation Across U.S. Rail
Regulatory conflicts continue to occur as U.S. rail freight faces ongoing challenges.
The Surface Transportation Board is monitoring U.S. rail services as concerns mount from sectors such as agriculture and manufacturing regarding frequent disruptions. While some caution against regulations to avoid stifling industry innovation, railroads acknowledged traffic volume declines while remaining hopeful the situation will stabilize.
Explore the details of this story here.
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A Sweeping Round of U.S. Freight Layoffs
Recent financial challenges have lead to significant job cuts in the logistics sector.
In response to a recent slate of economic challenges and restructuring, both Bath & Body Works Logistics Services and Averitt Express have announced over 200+ layoffs across four states, affecting employees in distribution and transportation roles. Many companies are offering relocation and transfer options to minimize the impact on their workforce.
Dive into the entire story by clicking here.
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