Canada Post is facing major financial difficulties and will likely be asking its owner for financial relief next year, the federal Crown corporation said. The company, collectively the Canada Post Group, made the comment in releasing its third-quarter results, which included an improved but still big pre-tax loss of $109 million for the period ended Sept. 28. The pre-tax loss in the comparable period a year ago was $145 million. The group, which includes the Canada Post mail and parcel delivery segment, along with majority-owned subsidiaries Purolator, SCI Group and Innovapost, says options under consideration include asking the federal government for additional pension regulatory relief and new financing for 2014.
Logistics leaders Agility, Maersk, TNT Express, and UPS are offering vital warehousing, transport, and logistics support in the current emergency in the Central Philippines, to ensure that critical relief supplies reach those affected by Typhoon Haiyan/Yolanda. The four companies make up the Logistics Emergency Teams (LETs), a cross-company partnership that supports humanitarian relief efforts during natural disasters.
Ottawa acts to increase dangerous goods information sharing between rail companies and municipalities
Lisa Raitt, federal Minister of Transport, today issued a protective direction directing rail companies to share information with municipalities. “We recognize the responsibilities of all parties involved in maintaining safe railway transportation in Canada.” said Minister Raitt. Effective immediately, Transport Canada requires that any person who transports dangerous goods by rail must provide municipalities with yearly aggregate information on the nature and volume of dangerous goods transported through that municipality and notify municipalities of any significant changes to that information, as soon as possible.
Lea Bogatch-Genossar, ZIM’s Americas, Canada and Caribbean Area President, has been named Person of the Year by the New York/ New Jersey Foreign Freight Forwarders and Brokers Association. Ms. Bogatch-Genossar will be honored at the 97th annual association dinner on January 22, 2014 at the Marriott Marquis Hotel in New York.
The Board of Directors of Maersk Line, Limited (MLL) announced that it has named J. Russell Bruner the next President and CEO of Maersk Line, Limited. Mr. Bruner will succeed John F. Reinhart, who will step down on January 31, 2014 to become the CEO and Executive Director of the Port of Virginia.