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Diesel Fuel Price Drops 3.3 Cents
Thomas L. Gallagher |
Diesel prices fell last week for the first time in seven weeks, sliding an average of 3.3 cents to $3.094 per gallon, according to a report Monday from the U.S. Energy Information Administration.
Trucking News
Court Hears Closing Arguments in Clean-Trucks Case
Bill Mongelluzzo |
The watershed Los Angeles clean-truck lawsuit is one step closer to conclusion, with the port stating in its closing arguments that it is exempt from federal pre-emption law because it is a market par
Maritime
Forwarding
Trucking labor
Hamburg Container Volume Slips 4 Percent
Joseph Bonney |
Overall container volume at Germany’s Port of Hamburg slipped 4 percent to 1.8 million 20-foot equivalent units in the first quarter, but loaded containers posted a 1.6 percent increase.
Maritime
Forwarding
Agility Profit Slumps 52 Percent
Bruce Barnard |
Agility, the Kuwait-based global logistics company, reported first quarter profit fell 52 percent from a year ago and warned future earnings will be hit by the loss of U.S.
Transport, Trade and Regulation News
New York Manufacturers Expand for 10th Month
Thomas L. Gallagher |
Manufacturers in New York say their business improved for the tenth consecutive month in May, according to The Empire State Manufacturing Survey.
Transport, Trade and Regulation News
Damco Joins Wireless Standards Alliance
Thomas L. Gallagher |
Damco, the combined brand of A.P. Moller-Maersk logistics activities, joined the DASH7 Alliance, an international group promoting the use of an advanced wireless sensor networking technology.
Transport, Trade and Regulation News
ODFL Opens International Command Centers
William B. Cassidy |
Trucking company Old Dominion Freight Line expanded its international freight forwarding business, opening four regional command centers to guide shipments through its domestic and global networks.
Trucking News
LTL
Truck brokers
Trucker Roadrunner Raises $148 Million in IPO
William B. Cassidy |
Roadrunner Transportation Services completed an initial public offering, becoming one of a very few trucking and logistics companies to go public in recent years.
Trucking News
LTL
Euro Hits Four-Year Low Against Dollar
Joseph Bonney |
The euro weakened to $1.2234, a four-year low against the dollar, and some economists predict it will fall even lower, a development that would help European exports but hurt U.S. exporters.
Transport, Trade and Regulation News
Georgia Ports Volume Jumped 25 Percent in April
Peter T. Leach |
The container volume handled by Georgia’s ports jumped by 25.6 percent in April, making five months in a row that they recorded double-digit growth.
Maritime
Forwarding
DP World Takes Delivery of Six Cranes
JOC Staff |
DP World India took delivery of six rubber-tired gantry cranes that are to be installed at its International Container Transshipment Terminal, the country’s first deep-water transshipment facili
Maritime
Forwarding
Register of Shipping Opens Singapore Office
Peter T. Leach |
The International Register of Shipping opened an office in Singapore as part of its strategy to expand its worldwide presence.
Maritime
Forwarding
Volcanic Ash Disrupts Europe Flights Again
JOC Staff |
Airports in Europe, including Amsterdam Schiphol and London Heathrow, reopened Monday after a new wave of shutdowns because of volcanic ash disrupted airline operations and prompted new worries about
Air Cargo
Air France-KLM to Report $614 Million Cargo Loss
Bruce Barnard |
Air France-KLM's cargo business is set to report an annual $614 million operating loss this week, according to French newspaper Le Figaro.
Air Cargo
Air Cargo Carriers News
Skidding Toward Screening
JOC Staff |
The air shipping industry met a May 1 deadline for screening 75 percent of cargo on U.S.
Air Cargo
Transport, Trade and Regulation News
Course Shift Riles Trucking
John D. Boyd |
The Department of Transportation keeps saying it wants to “get trucks off the road” in reshaping the nation’s freight and passenger infrastructure.
Transport, Trade and Regulation News
Trucking News
A ‘Transformative’ DOT Strategy
JOC Staff |
The Department of Transportation’s policy plans for 2010-2015 would: -- Focus transportation policy on “achieving strategic outcomes” in broader national goals.
Transport, Trade and Regulation News
Trucking News
Who Gets the Subsidies?
William B. Cassidy |
The ports of Los Angeles and Long Beach spent almost $80 million combined on incentives to get carriers and owner-operators driving clean diesel trucks.
Transport, Trade and Regulation News
Trucking News
North American ports
Trucking labor
This Week in The Journal of Commerce - May 17, 2010
JOC Staff |
Asia-Europe Trade Extends Rally
Shippers Rally, Railroads Dig In
John D. Boyd |
A rail customers’ rally, held at the outset of a day of lobbying on Capitol Hill, was one part reunion and one part backslapping celebration as shippers and their advocates reveled in what they
Transport, Trade and Regulation News
Rail News
Screening Safety at the Border
R.G. Edmonson |
When Congress gave the Consumer Product Safety Commission new authority and responsibility over children’s products in 2008 following widespread reports of tainted imports, the agency seemed to
Transport, Trade and Regulation News
Reality CheckPoint
Susan Kohn Ross |
February’s Customs Update addressed the growing problems caused by corporate identity theft and its impact on international trade (“Protecting Your Identity,” The Journal of Commerc
Transport, Trade and Regulation News
Recovery Resounds at Echo
William B. Cassidy |
The sound reverberating from Echo Global Logistics is the boom created by its rocketing sales.
Transport, Trade and Regulation News
Echo’s Lone Trucker
William B. Cassidy |
Although Echo Global Logistics is grounded in trucking, “I’m kind of the only trucker here,” CEO Doug Waggoner said. That’s an advantage for Waggoner and Echo.
Transport, Trade and Regulation News
A Lakefront Container View
Peter T. Leach |
Ports on the Great Lakes, which traditionally handle dry and liquid bulk, breakbulk and project cargo, are looking at a future with containers.
Maritime
Forwarding
Profits From the French Connection
Peter T. Leach |
One by one, the major shipping lines pushed to the brink of bankruptcy have received financial infusions enabling them to survive.
Maritime
Container lines
Forwarding
Cautious on the Climb
Bruce Barnard |
Barely a week after reporting the worst financial results in its four-decade history, freighter operator Cargolux announced its first round-the-world service with an ambitious Europe-Asia-North Americ
Air Cargo
Air Cargo Carriers News
Spotlight on Port Truckers
William B. Cassidy |
For a few hours this month, Congress trained a spotlight on someone rarely noticed in Washington — the trucker who works the nation’s ports, hauling containers from docks to distribution p
Transport, Trade and Regulation News
Trucking News
North American ports
Trucking labor
David vs. Goliath On the Pacific
Bill Mongelluzzo |
At first blush, it makes sense that start-up carrier The Containership Co. chose the new Port of Taicang as its home base in China, but CEO Jakob Tolstrup-Moller said it was the other way around.
Maritime
Container lines
Forwarding
Dark Tidings
Janet Nodar |
Nearly a month after an explosion destroyed the BP/Transocean Deepwater Horizon deep-sea drilling rig in the Gulf of Mexico, oil was still gushing from two leaks in the rig’s shattered well hous
Maritime
Forwarding
Con-way’s Costly Dilemma
William B. Cassidy |
Profitability and higher pricing evaded Con-way Freight in the first quarter, despite a 34.8 percent surge in freight tonnage that filled the carrier’s less-than-truckload network.
Trucking News
Chamber’s Donohue Seeks Broader U.S. Trade Agenda
JOC Staff |
The nation’s top business lobbyist today called on the Obama administration and Congress to adopt a “robust trade expansion program” and create as many as 20 million U.S.
Transport, Trade and Regulation News
CMA CGM Adds Calls to Asia-Gulf of Mexico Service
Thomas L. Gallagher |
CMA CGM will add calls at Mobile, Ala., and Pusan, Korea, to its Asia-Gulf of Mexico service, effective May 20, the company announced Friday.
Maritime
Container lines
Forwarding
DOT May Release Mexican Trucking Plan Within Week
William B. Cassidy |
The Department of Transportation is expected to brief members of the House Transportation and Infrastructure Committee on a plan for cross-border trucking with Mexico before Mexican President Felipe C
Trucking News
Shippers, Carriers Join in Clean-Trucks Initiative
Bill Mongelluzzo |
Retailers, motor carriers and environmentalists have joined forces in the Southeast to develop a clean-air initiative to reduce harmful emissions from harbor trucks.
Maritime
Forwarding
Intermodal Marketers Cut Truck Moves
John D. Boyd |
Intermodal marketing companies tilted their traffic share much more toward rail-truck combination moves in the first quarter and away from all-highway loads, according to the Intermodal Association of
Rail News
Trucking News
Truck brokers
Businesses Push for U.S.-Canada Procurement Pact
William B. Cassidy |
Cross-border trade with Canada isn't just about sales and profit, it's about millions of jobs, U.S. and Canadian business executives told members of Congress this week.
Transport, Trade and Regulation News
Trucking News
Inventories Grow, Factory Production Increases
Joseph Bonney |
U.S. industrial production rose during April as businesses restocked inventories in response to rising demand, the government said Friday.
Transport, Trade and Regulation News
Rail Chief Blasts Shipper Activists on Regulation Law
John D. Boyd |
The CEO of Norfolk Southern Railway told investors that railroads are fighting a group of “cynical and short-sighted” shippers who are pursuing a new federal regulatory bill that jeopardiz
Rail News
APL Parent Narrows Loss to $98 Million
Joseph Bonney |
Neptune Orient Lines, Singapore-based parent of ocean container carrier APL, narrowed its first-quarter net loss to $98 million from $245 million a year earlier and said trends point to a return to pr
Maritime
Container lines
Forwarding
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