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Platts Containers Update
Slowdown Won’t Brake Truck Rate Hikes, Analysts Say
William B. Cassidy |
Truckload capacity is so tight that even a slowing economy is unlikely to dampen rate hikes this summer, according to investment research firm R.W. Baird.
Trucking News
LTL
Truck brokers
Ocean Carriers Scramble to Beat Box Shortage
Peter T. Leach |
Maersk Line is rejecting some shipments and retrieving empty ocean containers from customers more quickly to help offset a shortage of containers, according to Bloomberg News.
Maritime
Container lines
Forwarding
PD Ports to Boost Teesport Box Capacity
Bruce Barnard |
PD Ports said it will invest around $44 million to almost triple container capacity at Teesport, the UK's third largest port.
Maritime
Forwarding
“K” Line, CSCL and Hapag-Lloyd Join Forces
Peter T. Leach |
“K” Line, China Shipping, and Hapag-Lloyd are teaming up on a new direct service from Asia to West Africa.
Maritime
Container lines
Forwarding
MOL, NYK and “K” Line Team Up
Peter T. Leach |
MOL, NYK and “K” Line formed a new vessel-sharing alliance to upgrade their container service from Asia to Mexico and the west coast of South America.
Maritime
Container lines
Forwarding
APL Logistics, Sumitomo Warehouse Form Alliance
Peter T. Leach |
APL Logistics and Sumitomo Warehouse formed a strategic alliance to jointly market their global supply chain services.
Transport, Trade and Regulation News
Con-way Spends $100 Million on High-Tech Trucks
William B. Cassidy |
Anticipating new federal truck safety rules, Con-way Freight purchased 1,300 2010- model-year heavy trucks equipped with anti-crash safety technologies.
Trucking News
LTL
CMA CGM’s Eco-friendly Container Ship Calls LA
Bill Mongelluzzo |
The 8,500-TEU Figaro that arrived in Los Angeles this week on its maiden voyage is not only the largest CMA CGM container ship to call at a U.S.
Maritime
Container lines
Forwarding
Smartphone Shipments Surge in Electronics Market
JOC Staff |
Shipments of smartphones in Western Europe soared 57 percent in the first quarter over last year, marking a dramatic shift in a mobile phone market that has become a foundation of the electronics indu
Transport, Trade and Regulation News
FMC Proposes Shipping Act Changes
R.G. Edmonson |
Federal Maritime Commission Chairman Richard A. Lidinsky Jr. on Wednesday suggested changes in the Shipping Act to allow the agency to resolve disputes between ocean carriers and shippers.
Transport, Trade and Regulation News
Maritime
Retailers Foresee Strong Imports from Asia
Bill Mongelluzzo |
Cargo projections by retailers indicate that U.S.
Maritime
Container lines
Forwarding
Averitt Adds Flatbed Business, Hires Drivers
William B. Cassidy |
Averitt Express is expanding into the flatbed trucking market, fielding a fleet of 50 flatbed trailers and ordering 50 more, the company said Wednesday.
Trucking News
LTL
Thomas Stevenson, Steamship And Brokerage Executive, Dies
JOC Staff |
Services were held Wednesday in Westbury, N.Y., for Thomas J. Stevenson Jr., who died June 24 at Lehigh Valley Hospice in Allentown, Pa. He was 88.
Maritime
Forwarding
Railroads to Outpace Truckers in Recovery
Joseph Bonney |
U.S. railroads will reap the benefits of the economic recovery more quickly than truckers, Moody’s Investors Service said in a report.
Trucking News
Rail News
Sanchez Bill Would Free Up Money for Ports
Bill Mongelluzzo |
U.S. Rep.
Transport, Trade and Regulation News
LA-LB Port Office Clerks Authorize Strike
Bill Mongelluzzo |
With their contract set to expire at midnight Wednesday, office clerical workers at the ports of Los Angeles and Long Beach authorized the leadership of the union to call for a strike at their discret
Maritime
North American ports
YRC Worldwide Sees 'Positive' EBITDA Ahead
William B. Cassidy |
YRC Worldwide still believes it will "generate positive adjusted EBITDA" in the second quarter, the company said June 29, as it concluded its annual stockholder meeting.
Trucking News
LTL
Logistics Unit Sale to Cost YRC Up to $11 Million
William B. Cassidy |
One-time shutdown and termination costs of $9 million to $11 million in the sale of YRC Logistics will bite into liquidity gains for YRC Worldwide.
Trucking News
LTL
Textainer Boosts Financing Capacity
Joseph Bonney |
Container lessor Textainer Group increased its access to capital to nearly $1 billion, providing the company with more money to invest in equipment at a time when ship lines and cargo interests are st
Maritime
Forwarding
World Customs Organization Elects Two Directors
R.G. Edmonson |
The World Customs Organization on Saturday elected senior customs officials from China and South Africa to director positions in the international organization.
Transport, Trade and Regulation News
US Accepts Foreign Oil Spill Assistance
R.G. Edmonson |
The federal government on Tuesday accepted 22 offers from 12 countries to assist in the Deepwater Horizon oil spill in the Gulf of Mexico, the State Department announced.
Transport, Trade and Regulation News
Teamsters to Push YRC to Resume Pensions
William B. Cassidy |
The Teamsters union is aiming to get YRC Worldwide to resume some pension contributions starting in January 2011, union officials said Tuesday.
Trucking News
LTL
Trucking labor
CMA CGM Nears $1 Billion Deal With Qatari
Bruce Barnard |
CMA CGM may be close to finalizing an agreement that would inject $1 billion to lighten the French ocean container carrier's $5.3 billion debt burden, according to French press reports.
Maritime
Container lines
Forwarding
CMA CGM Changes Partners, Upgrades Victory Bridge
Peter T. Leach |
CMA CGM is switching partners and upgrading the vessel size on its Victory Bridge service linking North Europe to the U.S. South Atlantic, Mexico and the U.S. Gulf.
Maritime
Container lines
Forwarding
INTTRA Partners With C-Team Systems
Peter T. Leach |
INTTRA is integrating its e-commerce platform for the ocean freight industry with C-Team Systems software, which standardizes operations for companies that facilitate international freight transportat
Maritime
Forwarding
Spanish Group to Build Indian Container Terminal
JOC Staff |
A consortium led by Grup Maritim of Spain won a contract to build and operate India’s new container terminal at the southeastern Port of Ennore, near Chennai.
Maritime
Forwarding
Truckers Fear Highway Bill Impasse May Last Years
Bill Mongelluzzo |
The trucking industry is concerned the impasse in Washington over highway reauthorization may stretch into several years without a new spending bill to set planning for important road and infrast
Trucking News
Kuehne + Nagel Opens Latvia Distribution Center
Peter T. Leach |
Kuehne + Nagel said it opened a new distribution center near Riga in Latvia.
Transport, Trade and Regulation News
Truck Safety Groups Seek 8-Hour Driver Rule
William B. Cassidy |
Truck safety groups are calling for a dramatic reduction in the time truck drivers are allowed to be behind the wheel, saying federal regulators should limit driving time to eight hours and a day and
Trucking News
Transport, Trade and Regulation News
LTL
New CSAV All-Water Loop Calls Port Everglades
Peter T. Leach |
CSAV’s new weekly Far East service, America Express, made its first call at Port Everglades Tuesday.
Maritime
Container lines
Forwarding
Consumer Confidence Index Falls
Joseph Bonney |
A widely watched index of consumer confidence dipped sharply in June, weighed down by concerns about jobs.
Transport, Trade and Regulation News
Teamsters to Brief YRC Workers on Pensions
William B. Cassidy |
The Teamsters union will hold a national conference call Tuesday for its members at YRC Worldwide on the company's "re-entry" into its multiemployer pension plans.
Trucking News
LTL
NAFTA Trade Jumped 32 Percent in April
Joseph Bonney |
Truck, train and pipeline shipments between the U.S. and Canada and Mexico totaled $65.8 billion in April, a 32.4 percent increase from a year earlier, the Transportation Department reported.
Transport, Trade and Regulation News
LTL
Active Box Ship Capacity Jumps 15.3 Percent
Bruce Barnard |
Active container ship capacity increased by 15.3 percent from the beginning of the year as ocean carriers are launching extra services in response to a larger-than-expected surge in global box traffic
Maritime
Container lines
Forwarding
Global Air Cargo Tops Pre-Recession Levels
Bruce Barnard |
Global air cargo traffic soared 34.3 percent in May from a year ago and is now above pre-recession levels, the International Air Transport Association said.
Air Cargo
Manufacturers' Group Calls for National Competitiveness Strategy
R.G. Edmonson |
The nation's largest manufacturers' group called on the Obama administration Monday to enact a broad range of tax, labor and legal reforms it said would make the U.S.
Transport, Trade and Regulation News
More LTL Truckers Looking to Freight Brokers
William B. Cassidy |
Trucking companies that once kept third-party logistics providers at arm’s length are pulling them in for a closer embrace as they seek new sources of freight.
Trucking News
LTL
Truck brokers
LA-LB Office Clerks Seek Labor Contract
Bill Mongelluzzo |
The contract covering about 950 office clerical workers at the ports of Los Angeles and Long Beach expires at midnight Wednesday, and it does not appear that an agreement will be reached by the deadli
Maritime
White House Seeks Free Trade with Korea
R.G. Edmonson |
President Obama and South Korea President Lee Myung-bak intend to complete a free trade agreement by November, the two announced during a meeting at the G20 summit in Toronto on Saturday.
Transport, Trade and Regulation News
Kansas City Southern Railway Names Starling CEO
John Boyd |
Kansas City Southern Railway said David L. Starling will move up to CEO effective Aug. 1 while longtime Chairman and CEO Michael R. Haverty takes the new position of executive chairman.
Rail News
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