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Trade Alert

 Canada 3000 shutdown means less cargo space

(Toronto, November 9, 2001)... The sudden shutdown of Canada 3000 today puts even more stress on the already weakened air freight business. Immediate implications include less cargo space, more pressure to increase costs, and longer lead times to arrange air transport.

The cost increases will be on top of the Security Surcharges imposed by airlines following the September 11 terrorist attacks, which led to a drastic cut in air passenger traffic -- and a corresponding loss of air cargo space.

Affected air shipments should continue on schedule as arrangements have been made to find alternative carriers for cargo previously handled by Canada 3000.

For more information, call Paul Glionna, Vice President – Operations at 905-882-4880.


 

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