AGP Executive Report
Last update: 9 hours agoHormuz Disruption: Attacks on tankers and rising security risks are clouding key Gulf shipping routes. A logistics CEO warns rerouting could push up consumer prices, while reports of ships transiting freely underscore the uncertainty. Port Capacity: Canada has named Vancouver’s Roberts Bank Terminal 2 a project of national interest, advancing a $5.9 billion expansion expected to open in 2035 and add trade capacity. Rail Freight: CMA CGM is launching a weekly 108-container train from Mombasa to Nairobi, linking port and inland transport as East African cargo volumes grow. Industry Deals: Scan Global Logistics has agreed to acquire US forwarder OIA Global, while Boluda Shipping plans to buy Samskip and build a larger European short-sea network. Freight Costs: Covenant Logistics expects double-digit truckload rate increases in 2027, as fuel, insurance and debt costs continue to squeeze smaller carriers.
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