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Platts Containers Update
CMA CGM Rejects Qatari Cash Injection
Bruce Barnard |
French ocean carrier CMA CGM rejected a capital injection from Qatar Holding and will search further for outside investors.
Maritime
Container lines
Forwarding
CMA CGM Christens Flagship
Peter T. Leach |
CMA CGM christened its gigantic flagship CMA CGM Christophe Colomb in ceremonies in Le Havre July 12.
Maritime
Container lines
Forwarding
Tight Credit Squeezes Truckers
William B. Cassidy |
Larger trucking companies appear more optimistic than smaller competitors about their ability to get access to credit, but most carriers expect lending to stay tight.
Trucking News
LTL
States Identify “Urgent” Infrastructure Projects
R.G. Edmonson |
The American Association of State Highway and Transportation Officials on Thursday released a report identifying 55 “urgent” capacity projects to improve freight movement.
Transport, Trade and Regulation News
In New York, They Drive By Night
William B. Cassidy |
When your truck is stuck amid seemingly endless rush hour traffic snarling the entrance to the Holland Tunnel, delivering freight in the middle of the night starts to make sense.
Trucking News
Is LA-Long Beach More Business Friendly?
Bill Mongelluzzo |
Just when importers and exporters were beginning to feel it was safe to ship through Los Angeles-Long Beach, office clerical workers at the nation’s largest container complex went on strik
Maritime
Forwarding
North American ports
Con-way Upgrades to High-Tech Trucks
William B. Cassidy |
The sleek new tractors deployed by Con-way Freight not only warn drivers if they’re following another vehicle too closely, they signal confidence in the economy.
Trucking News
LTL
Shipping Security Takes Off
R.G. Edmonson |
When the U.S.
Air Cargo Carriers News
Cloudy, With a Chance of Pain
Peter T. Leach and William B. Cassidy |
Importers who last fall vastly underestimated the outlook for global transportation demand this year are having an equally difficult time determining how strong and how long the rally will be.
Maritime
Forwarding
Clock Ticks on Hours of Service
William B. Cassidy |
With the deadline for proposed truck driver hours-of-service rules less than a month away, highway safety groups are calling for a dramatic reduction in the time truckers may spend behind the wheel.
Transport, Trade and Regulation News
Trucking News
FMC Wades Into stormy Waters
R.G. Edmonson |
The Federal Maritime Commission may lack the legal authority to order ocean carriers to increase capacity, but it still can be a force in helping U.S.
Transport, Trade and Regulation News
Maritime
Shippers Support Waterways Investment Plan
R.G. Edmonson |
The Waterways Council and its allies are keeping up the pressure to change the Army Corps of Engineers’ infrastructure investment plans.
Transport, Trade and Regulation News
Freight Growth Rates ‘Can’t Persist,’ Economist Warns
William B. Cassidy |
The freight surge of 2010 is nearing its end, an economic forecaster says.
Transport, Trade and Regulation News
Trucking News
Forwarding
Rail Operations Resume Along Rio Grande
R.G. Edmonson |
Rail service between the U.S. and Mexico is resuming after closures because of flood damage caused by Hurricane Alex.
Rail News
North-American rail
Canada Requires Hearing of Rail Shipper’s Complaint
Courtney Tower |
Rail shippers faced with growing ancillary and penalty charges levied by carriers received some relief in Canada from the federal government, which now requires that their complaints to the Canadian T
Rail News
North-American rail
Striking LA-LB Port Workers Expand Pickets, Withdraw Offer
Bill Mongelluzzo |
Tensions increased in the strike by office clerical workers at the Los Angeles and Long Beach ports on Friday as the union picketed a third employer and withdrew its previous wage and benefits proposa
Maritime
Forwarding
North American ports
CMA CGM Extends Black Pearl Service to South America
Peter T. Leach |
CMA CGM said it will extend its Black Pearl Service between ports on the East Coast of North America and the Caribbean to two new ports in Northern South America as of July 16.
Maritime
Container lines
Forwarding
OOCL Hikes Southeast Asia-Australia Freight Rates
Bill Mongelluzzo |
Orient Overseas Container Line effective Aug. 1 will increase its freight rates by $250 per TEU on shipments from Southeast Asia to Australia.
Maritime
Container lines
Forwarding
OOCL to Impose Montreal Low Water Surcharge
Peter T. Leach |
OOCL said Friday that it will put a surcharge on all cargo moving through the Port of Montreal as of July 19 because “reduced water depth negatively affects the loadable capacity of each sailing
Maritime
Container lines
Forwarding
US Wholesale Inventories Inch Upward, Sales Dip
Joseph Bonney |
Inventories held by U.S. wholesalers rose for a fifth consecutive month in May while sales fell for the first time since March 2009, the Commerce Department reported.
Transport, Trade and Regulation News
Hanjin Moves to Resolve Container Dispute
Peter T. Leach |
Hanjin Shipping is moving to identify and isolate the 5,900 containers it leases from container lessor Unitas to protect its customers against any disruption from its legal dispute with Sumitomo Mitsu
Maritime
Container lines
Forwarding
Mexico Seeks to End Cross-Border Trucking Dispute
William B. Cassidy |
Mexico may expand the list of U.S. products facing billions of dollars in punitive tariffs unless the Obama administration proposes a cross-border trucking program.
Trucking News
Indian Container Traffic Surges 17 Percent
JOC Staff |
Container traffic at major ports in India for the first quarter of fiscal 2010-11 increased by an impressive 17 percent over the same period last year, according to the latest traffic data released by
Maritime
Forwarding
Trucks Avoid Rio Grande Flooding
R.G. Edmonson |
Truck traffic between the U.S. and Mexico this week skirted flood waters from the Rio Grande with little or no disruption, federal agencies reported.
Trucking News
Rail News
North-American rail
Maersk Postpones Asia-Europe Peak Surcharge
Peter T. Leach |
Maersk Line confirmed that it is postponing by two weeks the implementation of the increase in the peak season surcharge on Asia-Europe cargo that it announced on June 15.
Maritime
Container lines
Forwarding
Toll Buys Two UK Forwarders for $127.5 Million
Bruce Barnard |
Toll Holdings, the Australian transport and logistics group, will pay around $127.5 million to acquire two UK freight forwarders, WT Sea Air Group and Genesis Forwarding Group.
Air Cargo
CMA CGM, APM Swap Terminal Stakes
Bruce Barnard |
French ocean carrier CMA CGM and APM Terminals, the Danish port operating company, traded stakes in container terminals in Dunkirk, France, and Mobile, Ala.
Maritime
Container lines
Forwarding
Continental Pulls Out of GF-X
Air Cargo World |
Continental Airlines Cargo withdrew from the GF-X booking portal after a detailed business review.
Air Cargo
Lufthansa Cargo Traffic Jumps 19.5 Percent
Bruce Barnard |
Lufthansa Cargo handled 19.5 percent more freight in June than a year ago and boosted revenue by 25.1 percent, easily outpacing its closest European rivals Air France-KLM and British Airways.
Air Cargo
Hapag-Lloyd Executive Board Member Resigns
Peter T. Leach |
Hapag-Lloyd said Friday that Roland Kirch, a member of its executive board and director of development, markets and works, left the company at his own request on June 30.
Maritime
Container lines
Hapag-Lloyd Hikes India-Australia Freight Rates
JOC Staff |
Hapag-Lloyd will seek a general freight rate increase on all cargo moving on its services from the Indian subcontinent to Australia.
Maritime
Container lines
Forwarding
Building a Head of Steam
Joseph Bonney |
Fiscal reforms, strong commodity exports and a growing role in global markets have made South America more resilient to economic shocks like the 2008-09 recession, and set the stage for recovery in tr
Maritime
Forwarding
Court OKs Wood Packing Regulations
R.G. Edmonson |
A U.S. appellate court Thursday upheld regulations governing the treatment of wood packing material in international commerce.
Transport, Trade and Regulation News
Corpus Christi Names New Finance Director
Peter T. Leach |
Port Corpus Christi named Dennis J. DeVries as its director of finance as of July 1.
Maritime
Container Growth Projected to Slow Down
Joseph Bonney |
Imports through the busiest U.S.
Maritime
Forwarding
CMA CGM to Stop Providing Chassis in US
Peter T. Leach |
CMA CGM plans to gradually phase out providing chassis to truckers at terminals throughout the United States on a schedule starting on the East Coast in October and ending on the West Coast in March o
Maritime
Container lines
Forwarding
LA-Long Beach Terminal Operators to Study Congestion
Bill Mongelluzzo |
Responding to complaints from harbor truckers in Los Angeles-Long Beach about delays and long lines at marine terminal gates, the terminal operators are forming a working group to study the issue.
Maritime
Rail Intermodal Containers Reach Highest Level in Three Years
JOC Staff |
Intermodal container volume for North American railroads reached its highest level in nearly three years in the week ending July 3 as overall intermodal loads soared 36.6 percent over the holiday-shor
Rail News
North-American rail
DHL Launches India-Los Angeles LCL Service
JOC Staff |
DHL launched direct less-than-container-load services connecting India’s largest container port of Nhava Sheva (Jawaharlal Nehru) to Los Angeles.
Maritime
Container lines
Forwarding
LA-Long Beach Longshoremen Handle Cargo
Bill Mongelluzzo |
Cargo-handling operations at the ports of Los Angeles and Long Beach were normal on Thursday as the waterfront arbitrator began taking testimony in a formal hearing on the validity of a strike by offi
Maritime
Forwarding
North American ports
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