But at a meeting Friday in Budapest, the internal affairs ministers of Hungary, Austria, Bulgaria and Romania agreed to “initiate the necessary steps” to set a date to lift checks on land borders with Romania and Bulgaria, on the condition that joint efforts to stem irregular migration are continued. Their declaration also specified that the … Read more
“The Parliament and the Council have not established that they had sufficient information at their disposal when that measure was adopted to enable them to assess its proportionality,” the Court of Justice of the EU found. The truck return obligation was, by far, the most controversial part of the Mobility Package reforms, which introduced new … Read more
A decision obliging more than 9,000 Canadian rail workers to stay on the job is a win for the railways and could impact bargaining in other federally regulated sectors like aviation, the head of a Canadian rail workers’ union told Reuters. Paul Boucher, president of the Teamsters Canada Rail Conference, also said the union would … Read more
Traffic at Canada’s two largest railways is slated to resume Monday as a rail work stoppage comes to an end following a Saturday decision from the federal labour board. Canadian National Railway Co. and Canadian Pacific Kansas City shut down railways last Thursday, locking out workers and disrupting freight traffic countrywide and commuter lines in … Read more
Freight trains must start rolling again first thing Monday morning, the federal labour board ruled on Saturday as it ordered thousands of rail employees back to work to end a bitter contract dispute that shut down the country’s two major railways. The decision by the Canada Industrial Relations Board (CIRB) imposes binding arbitration on the … Read more
For the first time, Canada’s two main railway companies — Canadian National Railway and Canadian Pacific Kansas City — are on the verge of a simultaneous labour stoppage that could inflict billions of dollars’ worth of economic damage. Why are both companies poised to stop? Contract talks between the Teamsters union and the companies usually take place … Read more
The global automotive industry is undergoing a seismic shift towards electric vehicles (EVs) driven by the urgent need to reduce carbon emissions and the rapid advancements in technology. While electric cars and bikes have garnered significant attention, the electrification of heavy-duty trucks represents the next crucial frontier, especially for a country like India. The transport … Read more
Canadian e-commerce platform Shopify forecast its slowest quarterly revenue growth in two years against the backdrop of an uncertain economy and tepid consumer spending, sending its shares slumping about 20 per cent, on Wednesday. Its shares on the Toronto Stock Exchange hit their lowest in six months and the company was on track to lose $25 billion … Read more
Soaring freight rates and low taxes on shipping mean that CMA CGM is swimming in cash. Between 2020 and 2023, the group raked in €45 billion in profit, convincing the family-owned company to diversify into media. Saadé snapped up business newspaper La Tribune last year and Marseille paper La Provence in 2022. He also holds … Read more
The rapid rise of fast-fashion e-commerce retailers such as Shein and Temu is upending the global air cargo industry, as they increasingly vie for limited air-cargo space to woo consumers with rapid delivery times, industry sources say. Shein, PDD Group’s Temu and ByteDance’s TikTok Shop, which recently launched online shopping in the U.S., ship the majority … Read more
