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Platts Containers Update
AA Reports Most Cargo Traffic in 21 Months
JOC Staff |
American Airlines reported its busiest month for cargo in nearly two years in May as traffic grew 22.6 percent over the same month a year ago.
Air Cargo
DHL Donates Ohio Airport to County
JOC staff |
DHL closed the door on a painful episode in its U.S. operations this week when it handed over ownership of the Wilmington Air Park to officials in the
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Freight Jobs Grow in Weak Employment Market
Joseph Bonney |
Transportation hiring inched up in May as overall weakness in private job creation was offset by a surge in temporary government employment of census workers.
Transport, Trade and Regulation News
Freight Forwarder UTi Seeking Higher Rates
JOC Staff |
UTi Worldwide says it is raising prices for shippers after the global freight forwarder saw its profit margins squeezed amid rapid growth in demand in the company’s fiscal first quarter.
Transport, Trade and Regulation News
Air Cargo
Forwarding
Pacer Announces Executive Management Changes
Press Release |
Dublin, OH, June 3, 2010 (BUSINESS WIRE)-Pacer International (Nasdaq: PACR), the North American freight transportation and logistics services provider, announced changes to its execut
Container Traffic Back to Normal at Nehru Port
JOC staff |
The movement of ocean containers to and from Nhava Sheva International Container Terminal at India’s busiest Port of Jawaharlal Nehru has returned to normalcy after weeks of disarray.
Maritime
Fairstar Heavy Transport Places Heavy-Lift Ship Order
Bruce Barnard |
Fairstar Heavy Transport has ordered two heavy-lift ships from China’s Guangzhou Shipyards International in a deal worth around $204 million.
Maritime
Forwarding
Net Losses for Danaos After Ship Order Cancellation
Bruce Barnard |
Danaos, the Greek container ship charter owner, swung to a $101.1 million first quarter net loss from a $20 million profit a year ago due to losses on interest rate swaps and the cost of cancelling an
Maritime
Container lines
Los Angeles Reports Deep Pollution Reductions
Bill Mongelluzzo |
The clean-trucks program and other pollution-reduction measures slashed harmful diesel emissions at Los Angeles last year, according to the port's 2009 air emissions inventory.
Maritime
Trucking News
Transport, Trade and Regulation News
Forwarding
North American ports
Pacer Adds New Senior Managers
Bill Mongelluzzo |
Pacer International, in the second round of major management changes in the last three months, announced new executive changes as the intermodal and logistics services provider transforms from primari
Intermodal providers
Trucking News
Truck brokers
CP Rail May See $1 Billion In New Revenue
John D. Boyd |
Canadian Pacific Railway says it may gain as much as $960 million in new business in the next five years and expects to realize significant cost savings through improved productivity, according to ana
Rail News
North-American rail
CG/LA Names Top 100 Infrastructure Projects
William B. Cassidy |
A preliminary list of 100 significant North American infrastructure projects identifies $400 billion in projects called critical to long-term economic competitiveness.
Transport, Trade and Regulation News
North-American rail
Transportation Firms Hailed as IT Innovators
William B. Cassidy |
Seven transportation companies and the nation's second-largest container port made the 2010 CIO 100 list recognizing companies that create business value through technological innovation.
Trucking News
Air Cargo
Fesco Agencies North America Promotes Mike Evans To President
Press Release |
SEATTLE, Washington ­ FESCO announced today that Mike Evans, a 20-year veteran of the company, has been named the new president of FESCO Agencies North America, effective immediat
TSA Nominee Set for June 10 Hearing
Bob Edmonson |
The administration’s third nominee to head the Transportation Security Administration will have his day before the Senate Commerce Committee on June 10, the committee announced.
Transport, Trade and Regulation News
Ceres Expands Baltimore Ro-Ro Terminal
JOC Staff |
Ceres Terminals signed a lease for 12 additional acres at the Port of Baltimore’s Dundalk Marine Terminal, the Maryland Port Administration said Thursday.
Maritime
Forwarding
Rail Labor Chief Sorrow to Retire
John D. Boyd |
Paul T. Sorrow is retiring July 1 as national president of the Brotherhood of Locomotive Engineers and Trainmen, clearing the way for First Vice President Dennis R.
Rail News
North-American rail
Dynamex Sees Same-Day Demand, Profits Increase
William B. Cassidy |
Economic recovery in the U.S.
Air Cargo
Trucking News
Air Cargo Forwarder News
LTL
OSHA Slaps $1.3 Million Fine on Halter Marine
R.G. Edmonson |
VT Halter Marine, a Pascagoula, Miss.-based shipbuilder for the U.S.
Maritime
Transport, Trade and Regulation News
CMA CGM Adds Durban Call
Bruce Barnard |
CMA CGM announced its West Africa Express [WAX] service to Asia will call at the South African port of Durban.
Maritime
Forwarding
APM Sells Stake in Zeebrugge Terminal
Bruce Barnard |
APM Terminals sold a 25 percent stake in its Zeebrugge, Belgium, container terminal to Shanghai International Port Group under an agreement finalized May 28.
Maritime
Two Ships Hijacked by Somali Pirates
Peter Leach |
Two vessels hijacked by Somali pirates were retaken on Wednesday in separate incidents and a third vessel managed to avoid capture when it outran pirates.
Maritime
Forwarding
Raymond Re-elected as Horizon Lines Chairman
Peter Leach |
Horizon Lines elected three Class II directors at its annual meeting Wednesday and re-elected CEO Charles G. Raymond as its chairman.
Maritime
Forwarding
Extra Slow Steaming Absorbs 100 Ships
Bruce Barnard |
Ocean carriers have absorbed nearly 100 container ships with a combined capacity of 554,000 20-foot equivalent units by introducing extra slow steaming on key liner trade routes, according to a new re
Maritime
Container lines
Forwarding
Air France-KLM Cargo Traffic Up 8.7 Percent
Bruce Barnard |
Air France-KLM’s cargo traffic in May rose 8.7 percent from a year ago, led by a double digit increase on its Americas network.
Air Cargo
Air Cargo Carriers News
Top Seven Railroads Increase Jobs in April
John D. Boyd |
The U.S. operations of all seven top-tier North American railroads expanded their workforce in April, the first time that has happened since rail employment bottomed in January.
Rail News
North-American rail
Cisco Systems Inventory Signals Shipping Gains
William B. Cassidy |
Inventories at Cisco Systems increased 16.4 percent in value, to $1.3 billion, in its most recent quarter ending May 1, the company said.
Maritime
Forwarding
Houston Port Sees Increased Steel, Fewer Containers
Joseph Bonney |
Steel shipments through the Port of Houston hit a 12-month high in April as container volumes dropped 14 percent from the comparable month in 2009.
Maritime
Forwarding
Hong Kong Airport Sees Busiest Cargo Month Since 2007
JOC staff |
Hong Kong International Airport said a 47 percent surge in exports in April pushed the airport to its largest monthly cargo volume in more than two-and-a-half years, extending a strong resurgence in s
Air Cargo
Maersk Now Offering Priority Cargo Option
Bruce Barnard |
Maersk Line is offering shippers the option of paying a fee for priority loading of their cargo on a particular vessel on many global services, except those to and from North America.
Maritime
Container lines
Hybrid Truck Sales to Boom in US, Firm Predicts
William B. Cassidy |
The market for hybrid trucks and buses is set for a thousand-fold increase within five years, with more than 300,000 hybrids sold by 2015, Pike Research says.
Trucking News
US Develops Plan to Double Exports, Increase Jobs
John D. Boyd |
President Obama’s goal of doubling U.S. exports within five years generated a set of nation-specific marketing plans, according to a senior U.S. trade official.
Transport, Trade and Regulation News
Vancouver Port, Canadian Railroad to Collaborate
Bill Mongelluzzo |
The Port of Vancouver and Canadian National Railroad announced a supply chain collaboration agreement that is designed to enhance the gateway’s competitiveness for North American exports as well
Rail News
Descartes Profit Tightens as Revenue Rises
William B. Cassidy |
Descartes Systems Group increased revenue by 22 percent from a year ago, but acquisitions, higher taxes and even volcanic ash shrank its profit.
Transport, Trade and Regulation News
NMB Keeps Teamster Airline Mechanics, UPS at Table
William B. Cassidy |
The National Mediation Board rejected a request by the Teamsters union to release UPS aircraft mechanics from negotiations, which would have set the stage for a strike in 30 days.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Maersk to Sell Canadian Port Trucker
Peter Leach |
Maersk Canada said Wednesday it is selling the Canadian assets of port trucking line Bridge Terminal Transport to Rouge River Capital, a Canadian merchant bank.
Trucking News
Global Air Cargo Revenue Grows 40 Percent
Bruce Barnard |
Global air cargo volumes surged 26 percent in the first quarter from a year ago and revenue grew as much as 40 percent, the International Air Transport Association said.
Air Cargo
Air Cargo Carriers News
Hapag-Lloyd, UASC to Increase Rates
JOC staff |
Hapag-Lloyd plans to raise freight rates on major trade lanes covering the Indian subcontinent and the Middle East, starting in early July.
Maritime
Container lines
DSV to Offer Logistics, Transport to Music Industry
Peter Leach |
The DSV Group launched a new division called DSV Entertainment Logistics, which will provide transport and logistics to the entertainment industries with a particular focus on the music industry at th
Transport, Trade and Regulation News
Diesel Price Slides to Three-Month Low
JOC Staff |
Diesel prices fell to their lowest point in three months, sliding 4.1 cents to an average of $2.98 per gallon across the country in the week ending May 31, according to the U.S.
Transport, Trade and Regulation News
Trucking News
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