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Platts Containers Update
CMA CGM Takes Delivery of Second Mega-Ship
Peter T. Leach |
CMA CGM took delivery Thursday in South Korea of the CMA CGM Amerigo Vespucci, the second of a series of eight large container ships named after the great explorers.
Maritime
Container lines
Forwarding
Kasich Urges Spending Shift from Rail to Ohio Roads
William B. Cassidy |
Federal stimulus funds slated for high-speed rail in Ohio should be spent on highways instead, Republican candidate for governor John Kasich said.
Transport, Trade and Regulation News
Trucking News
Rail News
Hub Group Profit Rises 16 Percent
John D. Boyd |
Intermodal middleman and logistics firm Hub Group posted a 16 percent gain in second-quarter net income from a year earlier, to $9.63 million, as volume in its main box-shipment business jumped by 25
Rail News
Upgrade to UP Line in Illinois to Start in September
John D. Boyd |
Illinois and Union Pacific Railroad have come to terms on enough of a planned passenger line in UP’s right of way so that an initial 90-mile track project can begin in September.
Rail News
North-American rail
Ex-Im Bank Aids Sale of Recycling Gear to Turkey
John D. Boyd |
A Cranford, N.J., seller of gasification equipment and technology is tapping a federally guaranteed export finance loan to complete a deal with a metals recycler in Ankara, Turkey.
Transport, Trade and Regulation News
Forwarding
Cargo Revenue Jumps at Top Three US Airlines
JOC Staff |
The top three U.S. passenger airlines expanded cargo revenue a combined 33 percent in the second quarter, as soaring freight demand added to the carriers’ rapidly growing profits.
Air Cargo
Air Cargo Carriers News
Marten Transport Tightens Belt, Boosts Profit
William B. Cassidy |
Temperature-controlled trucker Marten Transport increased its profit 15.2 percent in the second quarter despite essentially flat revenue compared with a year ago.
Trucking News
US Railroads Added Workers in June
John D. Boyd |
The seven largest freight railroads added 612 net workers to their U.S. operations from mid-May to mid-June, after making a small cut in May.
Rail News
North-American rail
Trade Groups Urge Aggressive Movement in Doha Round
R.G. Edmonson |
Three U.S. business groups are urging the U.S. and European Union to “move forward aggressively” to get the stalled Doha Round negotiations moving again.
Transport, Trade and Regulation News
OOCL Hikes New Zealand Freight Rates
Bill Mongelluzzo |
Orient Overseas Container Line will increase its freight rates on shipments from Asia to New Zealand by $250 per TEU, effective Aug. 15.
Maritime
Container lines
Forwarding
FedEx Ground to Pay $3 Million to Massachusetts
William B. Cassidy |
FedEx Ground will pay Massachusetts $3 million to settle allegations it misclassified delivery truck drivers as independent contractors, the state attorney general said.
Trucking News
LTL
Trucking labor
LA-LB Port Strike Talks to Resume Wednesday
Bill Mongelluzzo |
Office clerical workers and waterfront employers at the ports of Los Angeles and Long Beach said they would resume contract negotiations Wednesday.
Maritime
Forwarding
North American ports
Exporters Charge Hapag-Lloyd With Unfair Treatment
R.G. Edmonson |
Two exporters filed a complaint with the Federal Maritime Commission alleging unfair treatment by Hapag-Lloyd America and two non-vessel-operating common carriers.
Maritime
Container lines
Forwarding
Strong Truck Demand Pushes Eaton's Profit
William B. Cassidy |
New orders for heavy trucks and other equipment are working their way through the supply chain, boosting earnings at truck component maker Eaton.
Trucking News
Knight Transportation Profit Leaps 26 percent
William B. Cassidy |
Truckload carrier Knight Transportation increased its profit 26 percent in the second quarter, as its total revenue rose 14.4 percent to $185.4 million.
Trucking News
Ocean Carrier Executives Ask Congress for More Money
R.G. Edmonson |
Shipping executives say Congress should provide American maritime companies more financial support to improve the state of the U.S.-flag fleet.
Maritime
Container lines
Forwarding
ABF Freight System Narrows Loss to $12.6 Million
William B. Cassidy |
Buoyed by an 11.9 percent increase in tonnage, ABF Freight System cut its operating loss in half in the second quarter, from $26.8 million a year ago to $12.6 million.
Trucking News
LTL
KCS Looks for Earlier Restart to Mexico Rail Traffic
John D. Boyd |
Rail freight shippers waiting for the flood-closed Kansas City Southern lines to reopen in northern Mexico got some welcome news as KCS said it could resume service this weekend over a key bridge and
Rail News
North-American rail
Horizon to Stay in NY-NJ Port
Joseph Bonney |
Horizon Lines said Wednesday it will use Elizabeth, N.J., rather than Philadelphia, Pa., as its northeastern port for weekly sailings to San Juan, Puerto Rico.
Maritime
Container lines
Forwarding
NOL Orders 12 New Container Ships
Peter T. Leach |
Neptune Orient Lines said on Wednesday it placed an order for 10 new container ships with capacities of 8,400 20-foot-equivalent units.
Maritime
Container lines
Forwarding
Montreal Lockout Talks Delayed to Thursday
Courtney Tower |
Container vessels rode at anchor in the St. Lawrence River Wednesday as the Port of Montreal remained shut down for the third consecutive day and shippers expressed anxiety about growing costs.
Maritime
Forwarding
Transport Corp. of India Profit Soars 54 Percent
JOC Staff |
Net profit for Transport Corp.
Transport, Trade and Regulation News
BA, American, Iberia Alliance Gets US Nod
Bruce Barnard |
British Airways, American Airlines and Spain's Iberia will start joint passenger and cargo operations across the Atlantic in the fall after getting final U.S.
Air Cargo
Etihad Airways takes delivery of first A330-200F
Bruce Barnard |
Etihad Airways took delivery of the first A330-200F, the world's newest freighter aircraft from Airbus.
Air Cargo
Air Cargo Carriers News
Housing Permits Could Trigger More Rail Activity
John D. Boyd |
The government’s report on U.S.
Rail News
North-American rail
Shipper Says Downturn Drives Supply Chain Innovation
Bill Mongelluzzo |
With the economy still struggling to emerge from its deep recession, logistics departments have a tremendous opportunity to prove their worth to the corporation.
Transport, Trade and Regulation News
Heavy Truck Orders Surge 21 Percent from May
William B. Cassidy |
Net orders for heavy trucks hit a new peak for the year in June, climbing 21 percent over May to reach 15,999 orders, according to ACT Research.
Trucking News
LTL
Truck Purchases Narrow Heartland Express Earnings
William B. Cassidy |
Tightening truck capacity helped boost second quarter revenue at Heartland Express, while the cost of purchasing new trucks slimmed its profit.
Trucking News
Chipolbrok Adds Europe-U.S. Liner Service
Janet Nodar |
Multipurpose heavy-lift carrier Chipolbrok launched a monthly liner service from Europe to the United States. Regular Europe load ports will be Antwerp or Rotterdam and regular U.S.
Maritime
Forwarding
Hasbro Asking Retailers to Take Inventory Early
JOC Staff |
Toy maker Hasbro, trying to get in front of container shipping capacity shortages, is suggesting retailers should take products early this fall to avoid problems getting goods to consumer markets.
Maritime
Forwarding
Montreal Port Employers Promise Response to Union
Courtney Tower |
The Maritime Employers Association promised Tuesday to respond to a union settlement proposal on Thursday after locking out about 850 longshoremen at the Port of Montreal this week, causing the port t
Maritime
Forwarding
Cathay Pacific Sees Softer Cargo Market
JOC Staff |
Cathay Pacific cargo traffic grew 26 percent in June over the same month last year but freight business slipped from the month before in what the airline said was a “softening market.”
Air Cargo
Dalian Port Reopens to Vessels
JOC Staff |
Operations at most of China’s Port of Dalian resumed Tuesday as authorities worked to clean up an oil spill from a pipeline explosion that forced the port to shut down for several days.
Maritime
Forwarding
NOAA to Update Arctic Navigation Charts
Peter T. Leach |
As Arctic ice recedes, the National Oceanic and Atmospheric Administration is sending one of its premier surveying vessels, the Fairweather, to detect navigational dangers in critical Arctic waters th
Maritime
Spider-Infested Cargo Ship Turned Back
JOC Staff |
Officials in Guam are investigating whether any of the thousands of spiders that poured out of a cargo ship at the port got onto land or posed a danger to the island’s environment and native spe
Maritime
Container lines
Forwarding
Congestion Returns to European Ports
Bruce Barnard |
Europe's top port Rotterdam is getting congested as surging container imports from China overwhelm deep-sea terminals and interrupt feeder services to smaller regional ports.
Maritime
Forwarding
Concor Profit Fell 3.5 Percent in First Quarter
JOC Staff |
Net profit for state-owned Container Corporation of India fell 3.5 percent from a year earlier to $41.2 million in the first quarter of fiscal 2010-11 ending June 30.
Maritime
Forwarding
NOL Borrows $150 Million to Finance New Ships
Peter T. Leach |
Neptune Orient Lines, parent of APL, the world’s fourth-largest container line, entered an agreement with Oversea-Chinese Banking and ING Bank for a term loan of $150 million.
Maritime
Container lines
Forwarding
Container Ship Deliveries Hit Record 200,000 TEUs
Bruce Barnard |
Deliveries of new container ships will hit a record monthly high of 200,000 20-foot equivalent units in July, extending a year long influx of capacity that may stall the recent rise in ocean freight r
Maritime
Container lines
Forwarding
DP World India Takes Delivery of Four Cranes
JOC Staff |
DP World India took delivery of four ship-to-shore gantry cranes that are to be installed at its International Container Transshipment Terminal, the country’s first deep-water transshipment faci
Maritime
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