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Platts Containers Update
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
CSAV Adds Asia-South Africa Route
Joseph Bonney |
Chilean carrier CSAV will launch a weekly container ship service at the end of July to connect north and central China with South Africa.
Maritime
Container lines
Forwarding
Truckload Spot Market Volume Drops 11 Percent
William B. Cassidy |
Truckload freight available on the spot market declined 11 percent in June from the previous month, according to TransCore's North American Freight Index.
Trucking News
Three Carriers Add Congestion Charge at Nehru Port
JOC Staff |
Three major ocean carriers covering the trade to and from India plan to impose an emergency congestion surcharge on all import containers handled at the Port of Nhava Sheva (Jawaharlal Nehru), the cou
Maritime
Container lines
Forwarding
Canadian Trucker TransForce Expands in Calgary
William B. Cassidy |
Canadian trucking giant TransForce is expanding operations in Calgary while strengthening a crossborder corridor linking Western Canada and Texas.
Trucking News
LTL
IMF Forecasts Slow GDP Growth
Joseph Bonney |
Increased financial turbulence and Europe’s debt crisis will cause global economic growth to slow after a faster-than-expected recovery during this year’s first half, the International Mon
Transport, Trade and Regulation News
Japan's Naigai Trans Line Buys Cargo One
Hisane Masaki |
Japanese freight forwarder Naigai Trans Line signed an agreement to acquire 100 percent of U.S.
Air Cargo
A.P. Moller-Maersk Hikes 2010 Profit Forecast
Bruce Barnard |
A.P. Moller-Maersk raised its 2010 profit forecast, saying in a statement July 8 that an improvement at its ocean container carrier Maersk Line has been "greater than envisaged."
Maritime
Container lines
Forwarding
LA-LB Port Strike Talks Deteriorate
Bill Mongelluzzo |
Negotiations between striking office workers and terminal operators at the Los Angeles-Long Beach ports deteriorated at the end of the first week of the walkout, with the union refusing to budge on it
Maritime
Forwarding
North American ports
Jaxport Harbor Completes Deepening Project
Peter T. Leach |
The third phase of the project to deepen the St. Johns River harbor into Jacksonville is now complete ahead of schedule, the Jacksonville Port Authority said Wednesday.
Maritime
Forwarding
Obama Backs Free Trade Agreements
Joseph Bonney |
President Obama said he will push to renegotiate a pair of stalled free trade agreements with Panama and Colombia and will urge Congress to ratify them.
Transport, Trade and Regulation News
Obama Names Executives to Export Council
R.G. Edmonson |
President Obama on Wednesday named three top executives from the transportation and logistics industry to his revitalized National Export Council.
Transport, Trade and Regulation News
House Panel OKs Oil Spill Accountability Bill
R.G. Edmonson |
The House Transportation and Infrastructure Committee last week approved legislation intended to hold oil companies accountable for spills like the Deepwater Horizon disaster but could have implicatio
Transport, Trade and Regulation News
West Coast Container Volume Grew 14 Percent
Bill Mongelluzzo |
Container volume moving through West Coast ports increased 14 percent in the first five months of the year.
Maritime
Forwarding
Virginia Cuts State Inspections for Interstate Trucks
William B. Cassidy |
Virginia is trying to attract interstate trucking business -- and registration revenue -- by eliminating what it calls duplicative state safety inspections.
Trucking News
LTL
Maher Takes Stake in Melford Terminal
Peter T. Leach |
Maher Terminals is taking an unspecified stake in a long-planned container terminal Melford International Terminal hopes to build in Nova Scotia.
Maritime
Forwarding
North-American rail
BDP International Completes Euromodal Acquisition
Bruce Barnard |
BDP International, a Philadelphia-based global logistics and transport group, completed the phased acquisition of Spanish logistics firm Euromodal.
Transport, Trade and Regulation News
Truckload Rates Rise in Canada
William B. Cassidy |
Shippers in Canada are paying more to move truckload freight, according to the latest Canadian General Freight Index.
Trucking News
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