GFM Network News


Pulse industry watching container supply closely

One major container firm is shipping them back to Asia empty to meet a surge in demand

Pulse Canada is keeping an eye on container supplies following the recent announcement by a major supplier it would be shipping them back empty to Asia from North America to meet a surge in demand. Why it matters: Canadian pulse crop exporters rely on shipping containers to get their products to international customers. A lack […] Read more

Food exporters sign safety declarations in lieu of virus-free guarantees

Reuters — U.S. food and feed exporters are shipping goods to China with letters assuring the safety of their cargo in lieu of official declarations requested by Chinese authorities that guarantee coronavirus-free shipments, a U.S. agricultural export group said on Friday. The commitment statements, drafted by the Agriculture Transportation Coalition (AgTC), are meant only to […] Read more


Ocean freight rate index moving higher

MarketsFarm — Ocean freight rates have shown steady gains over the past month, rising to some of their highest levels of 2020 as world economies show signs of recovery amid the COVID-19 pandemic. The Baltic Dry Index (BDI), a major indicator of shipping rates, has moved higher for 12 straight sessions, hitting 973 points on […] Read more

Virus fears weigh on global shipping sector

MarketsFarm — Global shipping rates continue to decline, hitting record lows in some cases, amid declining demand and concerns over the coronavirus outbreak in China. The Baltic Dry Index (BDI), compiled by the London-based Baltic Exchange, provides an assessment of the price of moving major raw materials by sea. The BDI has fallen for 13 […] Read more


AgDealer offers online equipment financing, shipping tools

Canada’s biggest used farm equipment shopper publication has added tools to link prospective buyers to options for payment plans and shipping. AgDealer on Monday announced “major enhancement(s)” at its AgDealer.com site, where each equipment listing will include buttons linking to tools from CWB National Leasing and Trusted Dispatch. The online tools allow AgDealer.com users to […] Read more

Ocean freight rates trending lower

MarketsFarm — The Baltic Dry Index has fallen sharply over the past four months, dropping below 1,000 points to start the New Year. A slowdown in iron-ore activity, as high prices have had Chinese mills buying up domestic inventories rather than importing from overseas, accounted for much of the general weakness in the freight sector, […] Read more





Trucker shortage troublesome for Prairie cattle industry

CNS Canada — As large volumes of cattle make their way to western Canadian auction marts this fall, buyers are having problems finding truckers to haul them. Those problems may get worse in the future, as federal regulations for cattle hauling could possibly change. “I would say it’s worse this year than other years so […] Read more

Proposed deal ‘fallen apart’ for Hudson Bay Railway

An acquisition deal-in-principle for northern Manitoba’s Hudson Bay Railway appears to have collapsed and the line’s current owners warn the railway may now be down for yet another shipping season. Hudson Bay Railway (HBR), a subsidiary of Colorado-based shortline operator OnmiTrax, announced Tuesday “it now appears that this transaction has fallen apart.” The proposed sale […] Read more