A trade lane (or trade route) refers to a specific pathway along which goods are transported between two or more locations, typically across international borders. Trade lanes are established based on the flow of goods and the economic relationships between countries or regions. They encompass both maritime and air routes and play a crucial role in global supply chains by facilitating the movement of goods and fostering international trade.
Transit time refers to the duration it takes for goods or shipments to travel from their origin to their destination. It is a crucial metric in supply chain and logistics management, as it directly impacts delivery schedules, inventory levels, and customer satisfaction. Transit time encompasses the entire journey of a shipment, including transportation, handling, and processing at various checkpoints along the route.
Transloading refers to the process of transferring goods or cargo from one mode of transportation to another, typically from one type of truck or railcar to another, or from rail to truck and vice versa. This logistical practice is often employed to optimize transportation routes, reduce costs, and improve overall efficiency in supply chain operations.
A Transportation Management System (TMS) is a specialized software solution designed to streamline and optimize transportation and logistics operations within supply chains. It provides functionalities to effectively manage and control the movement of goods from origin to destination.
Transportation lead time refers to the duration it takes for goods to be transported from the point of origin to the final destination. It encompasses the time required for transportation activities, including loading, transit, and unloading, across various modes of transport such as road, rail, air, or sea.
A transshipment is the process of transferring goods from one transportation vehicle or vessel to another during their journey from origin to destination. It typically occurs at intermediary points along the supply chain route, where cargo is transferred between different modes of transportation, carriers or vessels.
Twenty-foot Equivalent Unit (TEU) is a standard unit of measurement used in the shipping industry to quantify the cargo-carrying capacity of container vessels. It represents the volume of a standard twenty-foot-long shipping container.
An Ultra Large Container Vessel (ULCV) is a massive container ship used on major trade routes, capable of carrying over 14,000 TEUs.
Vendor Managed Inventory (VMI) is a supply chain management strategy where the supplier or vendor takes responsibility for managing the inventory levels of their products at the customer's or retailer's location. In this arrangement, the vendor monitors the inventory levels based on agreed-upon criteria such as sales data or inventory levels, and initiates replenishment as needed.
Verified Gross Mass (VGM) is a term used in the shipping industry to refer to the total weight of a packed container, including its contents and packaging materials. It is a crucial requirement mandated by the International Maritime Organization (IMO) under the Safety of Life at Sea (SOLAS) convention to enhance safety in maritime transportation.
A floating structure with its own mode of propulsion designed for the transport of cargo and/or passengers. In the Industry Blueprint 1.0 "Vessel" is used synonymously with "Container vessel", hence a vessel with the primary function of transporting containers.
A vessel sharing agreement (VSA) is a cooperative arrangement between shipping companies that allows them to share space and resources on vessels for specific routes.
Vessel bunching refers to the situation where multiple vessels arrive at a port simultaneously or within a short period, leading to congestion and delays. This clustering of vessels can overwhelm port facilities, causing extended wait times for berthing, loading, and unloading operations.
A vessel call sign is a unique identifier assigned to a ship for radio communication purposes. It is used to distinguish the vessel from others in maritime communication systems, including VHF radios and satellite communications.
A vessel omission (sometimes called a port omission) occurs when a scheduled vessel does not call at a planned port during its voyage. This disruption means that the vessel skips the port entirely, which can impact the transportation and delivery schedules of goods.
In cargo shipping, vessel rotation is the planned sequence of port calls that a shipping vessel follows on its route to optimize cargo loading and unloading operations.
The timetable of departure and arrival times for each port call on the rotation of the vessel in question.
A journey by sea from one port or country to another one or, in case of a round trip, to the same port.
Warehouse utilization is a logistics metric that refers to the effective use of available warehouse space for storing goods and inventory.
Order for specific transportation work carried out by a third party provider on behalf of the issuing party.
Logistics yard management refers to the process of overseeing and controlling the movement of trucks, trailers, containers, and other vehicles within a yard or distribution center. This includes tasks such as scheduling, tracking, and coordinating the arrival, departure, and storage of these vehicles.
Seven of the Busiest Cargo Ports in Canada
Canada's ports are critical to its economy, facilitating trade between North America and global markets, especially with Asia. Canadian ports handle a diverse range of commodities. Major exports include natural resources like crude oil, natural gas, lumber, minerals, and agricultural products. The country's primary imports are machinery, electronics, vehicles, consumer goods, and industrial equipment.
Below are the most significant ports in Canada:
1. Port of Vancouver (CAVAN)
The largest port in Canada and one of the busiest in North America, the Port of Vancouver is crucial for trade with Asia-Pacific countries.
- Location: Situated on the southwestern coast of British Columbia, this port lies on the Pacific Ocean, in Vancouver's metropolitan area.
- Key Commodities: Coal, grain, forestry products, petroleum, containerized cargo.
- Annual Container Throughput: 3.7 million TEUs in 2023 (Lloyd's List)
- Annual Bulk Cargo Volume: 150.4 million tons (Port of Vancouver)
2. Port of Montreal (CAMTR)
Montreal is Canada’s largest port on the East Coast and serves as a major gateway for goods entering North America from Europe and the Mediterranean.
- Location: Located in the city of Montreal, Quebec, the port is situated on the St. Lawrence River, which connects to the Atlantic Ocean.
- Key Commodities: Consumer goods, machinery, electronics, agricultural products.
- Annual Container Throughput: 1.5 million TEU in 2023 (Port of Montreal)
- Annual Cargo Volume: 35.3 million tonnes -- 13.1m container, 13.9m liquid bulk, 8.4m dry bulk (Port of Montreal)
3. Port of Prince Rupert (CAPRR)
Known for its efficient container terminal, Prince Rupert is strategically positioned to handle cargo from Asia to North American markets with some of the shortest transit times on the continent.
- Location: Located in the northern part of British Columbia, this port lies on the Pacific Ocean, north of Vancouver.
- Key Commodities: Coal, grain, wood products, seafood.
- Annual Container Throughput: Approximately 1.3 million TEU.
- Annual Cargo Volume: 23.5 million tonnes in 2023 (Prince Rupert Port Authority).
4. Port of Halifax (CAHAL)
Halifax is a significant deep-water port that can handle some of the largest container vessels in the world, providing direct access to markets in Europe and Asia.
- Location: Situated on the east coast of Nova Scotia, Halifax Harbour is on the Atlantic Ocean, making it a strategic location for international shipping.
- Key Commodities: Automobiles, machinery, food products, oil.
- Annual Container Throughput: 546,163 TEU in 2023 (Halifax Port Authority).
- Annual Cargo Volume: 9.8 million tonnes (Halifax Port Authority).
5. Port of Quebec (CAQUE)
Quebec handles bulk cargo, particularly grain and raw minerals, supporting Canada’s export of natural resources to international markets.
- Location: Situated in Quebec City, the port is located on the St. Lawrence River, providing access to both the Atlantic Ocean and Great Lakes.
- Key Commodities: Grain, minerals, chemicals, wood products.
- Annual Cargo Volume: 27.8 million tonnes in 2023 (Port of Quebec)
6. Port of Thunder Bay (CATHU)
This port is the westernmost Canadian port on the Great Lakes and plays a vital role in the distribution of agricultural products from the Canadian prairies. Given the propensity for icy conditions at this freshwater location, the port typically operates from the end of March to early January.
- Location: Located on the north shore of Lake Superior in Ontario, the port is crucial for trade with the central United States and Canada.
- Key Commodities: Grain, coal, potash, fertilizers.
- Annual Container Throughput: Primarily handles bulk cargo.
- Annual Cargo Volume: 9.6 million tonnes (Port of Thunder Bay)
7. Port of Saint John (CASJB)
Known for its petroleum and energy exports, Saint John plays a key role in the energy supply chain in Canada and the Northeastern United States.
- Location: Located in New Brunswick, the port is situated on the Bay of Fundy, which is known for having the highest tides in the world.
- Key Commodities: Oil, paper, seafood, agricultural products.
- Annual Container Throughput: 153,454 in 2023 (Port of Saint John)
- Annual Cargo Volume: 1.1 million tonnes in 2023 (Port of Saint John)