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Platts Containers Update
Probing LTL Pricing
William B. Cassidy |
A team of researchers from Auburn University is delving into the dynamics of less-than-truckload pricing as LTL trucking companies struggle to raise rates.
Trucking News
LTL
CSX Profit Soars
John D. Boyd |
Michael Ward, chairman, president and CEO of CSX, has plenty of reason to sound cheerful after reporting a 36 percent jump in net profit, to $414 million, for the second quarter.
Rail News
Goodbye to the 48s
John D. Boyd |
It was once the top box for domestic intermodal shipments, a 48-foot container that was the largest for double-stack trains across North America until 53-footers became the new gold standard.
Rail News
Supply Chains Face a Stress Test
Peter T. Leach |
Hit by shortages in shipping space and equipment and squeezed by still-scarce credit, retail supply chains between Asia and the U.S are undergoing a sharp change in direction.
Transport, Trade and Regulation News
Twin Terminal Strategy
Peter T. Leach |
Maher Terminals is cloning its Prince Rupert terminal, apparently reasoning that what works on the west coast can work on the east coast.
Maritime
Forwarding
Growth: How Sweet It Is
Joseph Bonney |
Life is becoming sweeter for container ship lines in general and Mediterranean Shipping Co. in particular.
Maritime
Container lines
Forwarding
Infill Sites Running Full
Bill Mongelluzzo |
If you’re an industrial property owner near a major airport or seaport, get ready: That strong demand you’re seeing is about to get stronger.
Transport, Trade and Regulation News
Forwarding
Montreal Port Faces Longshore Strike
Courtney Tower |
The threat of a strike loomed over the weekend at the Port of Montreal as the longshoremen’s union and employers held meetings separately Friday to discuss renewal of a labor contract for the un
Maritime
Forwarding
Goodwin to Replace Byrd in Senate
John D. Boyd |
West Virginia Gov. Joe Manchin appointed Charleston attorney Carte Goodwin to fill the state’s vacancy in the U.S. Senate, following the June 28 death of long-serving Robert C. Byrd.
Transport, Trade and Regulation News
Port Newark Container Terminal Open Extra Hours
Peter T. Leach |
The Port Newark Container Terminal, which has been experiencing severe truck congestion, will have special gate hours this Saturday, July 17.
Maritime
Forwarding
Pistole Announces TSA Priorities
R.G. Edmonson |
The new head of the Transportation Security Administration told employees that his principal goals are to improve counterterrorism efforts, support TSA employees and strengthen relationships with stak
Transport, Trade and Regulation News
USDA to Develop Container Reporting Project
R.G. Edmonson |
The U.S. Department of Agriculture is acting as a go-between with carriers and shippers to see if they can find a solution to container shortages for exported products.
Maritime
Forwarding
Laredo Rail Disruptions Could Go into August
John D. Boyd |
Railroads serving the U.S.-Mexico border region are telling customers to expect two more weeks of shipment detours from the hurricane and flood disruptions to rail service through Laredo, Texas, and N
Rail News
North-American rail
APM Plans Expansion in India
JOC Staff |
APM Terminals, the container terminal-operating arm of Denmark’s A.P. Moller-Maersk, plans to expand its operations in India.
Maritime
Security Panel Urges Repeal of Cargo Scanning Rule
R.G. Edmonson |
The Advisory Committee on Commercial Operations of Customs and Border Protection on Thursday called for repeal of laws requiring 100 percent scanning of ocean cargo and 100 percent screening of air ca
Transport, Trade and Regulation News
Maritime
Air Cargo
CMA CGM Chief Financial Officer to Step Down
Bruce Barnard |
The chief financial officer of CMA CGM Jean Yves Schapiro will leave the company at the end of August, the French ocean container carrier said July 16.
Maritime
Container lines
Forwarding
Cargo Soars at Montreal
Courtney Tower |
Cargo at the Port of Montreal grew sharply this year in two chief areas that bespeak improving markets — containerized cargo to and from Central Canada and the U.S.
Maritime
Forwarding
J.B. Hunt Profit Doubles
William B. Cassidy |
J.B. Hunt’s net profit rocketed 117 percent to $52.1 million as it improved utilization of its assets and raised prices in its truckload division in the second quarter.
Trucking News
EU Clears Geodis to Acquire Giraud
Bruce Barnard |
European Union regulators cleared Geodis, the French transport and logistics provider, to take sole control of Giraud, a leading French forwarder active across Europe.
Transport, Trade and Regulation News
Rail News
LTL
Antwerp Container Volume Climbs 16 Percent
Peter T. Leach |
Container volume handled by the Port of Antwerp rose year-over-year by16.2 percent in the first six months of 2010 to 4.2 million 20-foot equivalent container units.
Maritime
Forwarding
US-Mexican Truck Traffic Still Snarled by Floods
William B. Cassidy |
Flooding along the Rio Grande and other rivers in Texas and northern Mexico is playing havoc with cross-border freight traffic, causing delays at truck crossings in Laredo, Texas, and forcing truckers
Trucking News
Shipowners’ Charter Party
Bruce Barnard |
The container ship charter market is set for a summer-long rally as ocean carriers, struggling to boost capacity amid surging demand, compete for a shrinking supply of vessels for hire.
Maritime
Container lines
Forwarding
Rendell Calls for Infrastructure Bank
R.G. Edmonson |
Americans need to act quickly to begin a 10 year effort to improve and build new transportation infrastructure, Pennsylvania Gov. Ed Rendell said Thursday.
Transport, Trade and Regulation News
Maritime
Air Cargo
Trucking News
Rail News
Evergreen, NYK to Stop Providing Chassis in US
Peter T. Leach |
Evergreen Line and NYK Line joined a growing list of carriers that are stopping providing chassis for import and export cargo in the United States.
Maritime
Container lines
Forwarding
Seaway Shipping Reopens after Fuel Spill
Courtney Tower |
St. Lawrence Seaway shipping resumed at 4 p.m. EDT Thursday with 17 delayed vessels able to move out to sea or into the Great Lakes after nearly three days’ delay near the port of Montreal.
Maritime
Intel Inventories Rise as B2B Sales Leap
William B. Cassidy |
Intel’s inventory of finished goods increased 24 percent in the second quarter from the previous period, as broad-based corporate spending drove up sales.
Transport, Trade and Regulation News
Air Cargo
Survey Forecasts 10.5 Percent Jump In Back-To-School Sales
Joseph Bonney |
U.S.
Transport, Trade and Regulation News
OCU Talks Resume Today
Bill Mongelluzzo |
Office workers and waterfront employers on Thursday resumed negotiations for a new contract at terminals in Los Angeles-Long Beach, slogging through the tedious process of closing out relatively minor
Maritime
Forwarding
North American ports
Container Volume Slips in China
Bruce Barnard |
Traffic at China’s top ten container ports fell in June from the previous month amid doubts over the sustainability of the nation's export surge, according to a leading container shipping analys
Maritime
Forwarding
US Manufacturing Growth Slows
Joseph Bonney |
U.S.
Transport, Trade and Regulation News
Conference Board Sees US Growth Slowing
Peter T. Leach |
As the rebound effects from the recession have almost entirely dissipated, a growth slowdown starting this summer is becoming increasingly apparent, according to Bart van Ark, chief economist of The C
Transport, Trade and Regulation News
Hapag-Lloyd Hikes India-South America Freight Rates
JOC Staff |
Hapag-Lloyd will apply a general rate increase on all cargo moving on its services from the Indian subcontinent and the Middle East to South America East Coast.
Maritime
Container lines
Forwarding
Pirate Attacks Decline in First Half of 2010
Peter T. Leach |
The number of pirate attacks on shipping worldwide declined by 18 percent in the first six months of 2010 despite the increased range and capabilities demonstrated by Somali pirates, according to a re
Maritime
Hamburg Sud to Launch North Europe-Israel Loop
Peter T. Leach |
Hamburg Sud plans to end its joint service with Zim Integrated Shipping Services from North Europe to Israel in October and launch its own independent service.
Maritime
Container lines
Forwarding
Seattle Approves $5 Million in Improvements
Bill Mongelluzzo |
The Seattle Port Commission approved nearly $5 million in marine terminal, dredging and infrastructure improvements.
Maritime
Truckload Demand Pushes Landstar Profit Up 36 Percent
JOC Staff |
Landstar System expanded its profit 36 percent in the second quarter to $24.4 million with a record number of truckload moves and said it expects to maintain a strong recovery in demand through the th
Trucking News
Truck brokers
Trucking labor
Chinese Steel Mills Pessimistic on Q3 Outlook
Peter T. Leach |
The majority of Chinese steel mills are pessimistic about the outlook for steel pricing and production in the current quarter, according to a recent survey of Chinese steel producers conducted by Stee
Maritime
Forwarding
Railcar Owners Pull 3,064 Cars Out of Storage
John D. Boyd |
North American railcar leasing fleets, shippers and railroads pulled 3,064 cars out of storage during June but still had 23.7 percent of their freight hauling equipment sitting idle.
Rail News
North-American rail
Ceva Wins $38 Million Triumph Contract
Joseph Bonney |
Ceva Logistics said it signed a three-year contract worth a total of $38.3 million to coordinate the international flow of components, accessories and finished motorcycles from Asia for Britain’
Transport, Trade and Regulation News
Expeditors Cites Strong Pace Ahead of 2Q Report
John D. Boyd |
Air freight and ocean shipping forwarder Expeditors International told investors it is having such strong business that it will report earnings next month significantly above recent market expectation
Air Cargo
Maritime
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