Overall cargo volume through the Port of Vancouver reached a record high of 142.1 million metric tonnes (MT) in 2017, up five per cent from 2016. Cargo diversity and strength of the Canadian economy provided a boost to annual volumes. Sectors experiencing strong growth included containers and bulk grain, both of which hit new records in 2017.
“The record year for cargo movement and healthy growth across the port reflects the strength of the Canadian economy in 2017, as well as the Port of Vancouver’s ability to accommodate the most diversified range of cargo of any port in North America,” said Robin Silvester, president and chief executive officer at the Vancouver Fraser Port Authority. (more…)
Mandated to facilitate Canada’s trade objectives, the Vancouver Fraser Port Authority is continuing to build on a successful legacy of collaborative infrastructure funding. With its long-term strategy in mind, the port authority works collaboratively with government and industry to fund and deliver trade-enabling infrastructure projects to position the Vancouver gateway for the future.
Between 2009 and 2025, more than $17 billion will be invested in transportation and terminal infrastructure in the Vancouver region, more than double that of the recent Panama Canal upgrades. Working closely with industry and government, approximately $7.5 billion has already been invested to-date in port infrastructure to support port activities, a strong signal indicating confidence in the continued growth in Canadian trade. (more…)
The Vancouver Fraser Port Authority works with supply chain partners and port stakeholders to build future capacity through increased efficiency. The port authority’s emphasis on data visibility and transparency, as well as efficiency improvements aimed at optimizing land and marine operations across the supply chain, help improve overall supply chain performance.
Collecting, analyzing and reporting on data allows the port authority to assess how well the gateway is operating. Early warning indicators derived from reporting can help initiate discussions and support major capital decisions and future planning. Leveraging supply chain data can help optimize the Vancouver-area gateway’s existing infrastructure. Customers and users also benefit from several real-time monitoring programs and digital platforms to help keep them informed and enable them to anticipate, plan and respond effectively to operational matters. (more…)
To realize its vision of becoming “the world’s most sustainable port,” the Vancouver Fraser Port Authority continues to collaborate with industry to maintain a healthy environment. The port authority has a number of programs and strategies in place, including those that encourage and incentivize vessel and terminal operators, as well as other port users, to reduce air and noise emissions and to conserve electricity. Consistent industry participation in these initiatives serves as an example of collaborative leadership contributing to a more sustainable port. (more…)
By Alex Lennane
UPS saw consolidated revenue rise 9.6 per cent to $17.5 billion in the second quarter, but said operating profit was “not where we want it to be”.
The best performing divisions were international, supply chain and freight, which all saw double-digit growth in both revenue and operating profit. International revenues grew 14 per cent to $3.6 billion, while adjusted operating profit rose 15 per cent to $654 million. Supply chain and freight revenue was up 16 per cent to $3.5 billion, with 23 per cent revenue growth in forwarding. Adjusted operating profit grew 17 per cent to $247 million. (more…)
By Wendy Zatylny
What makes a good neighbour? We all have neighbours, and we all know what we consider a “good neighbour” to be. A good neighbour is someone you can borrow a cup of sugar from, count on to help clear your driveway after a winter storm, keep their yard clean and say good morning at the beginning of the day. And being a good neighbour yourself, you reciprocate by bringing them cookies made from the sugar you borrowed, you may help cut their grass in the summer and you always ask how their day went in the evening. Good neighbours make good communities, and good communities make great cities. (more…)