The economic volatility of 2012 continues to affect cargo business around the world. Undoubtedly, this uncertainty will place added pressure on our carrier partners and all logistics operators including terminal, truck, rail, forwarders and integrators. We will need to work collaboratively together to generate better performance and network optimization.
The immediate performance of ports remains a top priority. Ports will need management flexibility within their performance standards to ramp up very quickly to handle unexpected diversions, such as those associated with Superstorm Sandy.
While trade has slowed, globalization continues. Canada and the EU are currently pursuing a Comprehensive Economic and Trade Agreement (CETA), and Canada has just recently joined the Pacific Alliance.
Across Atlantic Canada, an estimated $100 billion is being invested in major projects that will require containerized and a significant amount of breakbulk services.
Port authorities and private enterprise must work together to look at ways they can cost share infrastructure upgrades and enhancements. The planning and build-out of infrastructure needs to continue. Level of service agreements among all the port service providers must evolve to ensure the integrity of the supply chain at every step of the way.
Major Canadian ports are working together to further strengthen our policy framework, including regarding the movement of empty containers between Canadian ports and to simplify Canada’s foreign trade zone regulations.