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Platts Containers Update
Zim to Sell Stake in Marine Services Company
Bruce Barnard |
Israeli ocean container carrier Zim Integrated Shipping Services has signed a non-binding agreement to sell its stake in an unnamed non-Israeli marine services company for between $130 million and $17
Maritime
Container lines
DHL to Expand Package Hub in Cincinnati
JOC Staff |
With international package volume rising, DHL Express is hiring as many as 300 workers at its hub in Cincinnati, Ohio.
Air Cargo
Air Cargo Forwarder News
Box Shortage Freezes Meat Exporters
JOC Staff |
Forwarding
Economic Recovery Built to Last?
Lakshman Acuthan and Anirvan Banerji, Economic Cycle Research Institute |
Because industrial commodity prices tend to be highly volatile, a swing in prices often catches decision makers unawares.
Transport, Trade and Regulation News
Tracking Highway Congestion
William B. Cassidy |
A nationwide information system that can track the locations and speeds of hundreds of thousands of trucks on U.S. highways is much more than a wild-eyed notion.
Transport, Trade and Regulation News
Trucking News
Regional Reshuffling
William B. Cassidy |
The less-than-truckload field’s largest network alliance — the sprawling, multicarrier Reliance Network of regional carriers — is undergoing some changes, expanding its reach on the
Trucking News
Teamsters Shifts Gears in Port Fight
Bill Mongelluzzo |
To small trucking companies working the ports in California, using independent contract drivers to haul containers creates a symbiotic relationship, giving owner-operators the freedom they prize and t
Maritime
Trucking News
North American ports
Trucking labor
Bottled Up in Chicago
William B. Cassidy |
Chicago is not only the nation’s crossroads, but also its chokepoint.
Transport, Trade and Regulation News
Trucking News
Freight Is Great
Joseph Bonney |
Bad news was everywhere at the end of May: The Dow was plunging 300 points, North and South Korea were rattling sabers, the eurozone crisis was threatening to spread, and an underwater gusher of crude
Transport, Trade and Regulation News
Rail News
Air Cargo Carriers News
Air Cargo
Forwarding
Commerce Details Export Efforts
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
Forwarding
Designing Fuel Savings
William B. Cassidy |
Building the more fuel-efficient heavy trucks the Obama administration wants to see on U.S.
Trucking News
Rules of Engagement
R.G. Edmonson |
The trade community is facing a denser compliance jungle than at any time before or since the September 11 attacks as Customs turns its attention to enforcing regulations that for years took a backsea
Transport, Trade and Regulation News
Kernels of Growth
John D. Boyd |
If all segments of the economy were firing on as many cylinders as the agriculture industry is right now, the already stronger-than-expected economic recovery would be even more robust.
Transport, Trade and Regulation News
A Cloudy Crystal Ball
John D. Boyd |
Demand for future rail capacity appears to be as clear as mud.
Rail News
This Week in The Journal of Commerce - June, 7 2010
JOC Staff |
EU to Investigate Ocean Carriers
Maritime
Trucking News
Rail News
Transport, Trade and Regulation News
Air Cargo
It’s Now or...2011
R.G. Edmonson |
The top Republican on the House Transportation and Infrastructure says time is running out for Congress to pass a comprehensive six-year surface transportation bill. According to Rep.
Transport, Trade and Regulation News
Crunching Capacity Needs
Bill Mongelluzzo and Peter T. Leach |
Container lines are steadily returning vessel strings to the trans-Pacific trade, but not fast enough to relieve capacity constraints in both directions.
Maritime
Container lines
Highway Safety Groups Honor Trucking Official
William B. Cassidy |
Two highway safety advocacy groups often bitterly at odds with the trucking industry honored the top safety executive at one of the nation’s largest truckload carriers, signaling potential
Trucking News
Transport, Trade and Regulation News
Seaspan Adds New Container Ship
JOC Staff |
Seaspan said it bought a new container ship this week from China’s Zheijiang Shipbuilding, the first vessel the maritime charter operator has purchased since 2007.
Maritime
Container lines
Forwarding
Obama Touts Recovery in Truck Facility Tour
John D. Boyd |
President Obama used a visit to a commercial truck dealership outside Washington, D.C., Friday to highlight how the economic recovery has spurred hiring in equipment suppliers to the freight sector.
Transport, Trade and Regulation News
Trucking News
China, Taiwan to Increase Freighter Links
Air Cargo World |
The number of Chinese airports allowed to offer direct cargo services to Taiwan will increase from two to six under a new air transport accord between the two countries' civil aviation authorities.
Air Cargo
Air Cargo Carriers News
South China Port Truckers Protest Over Rates
Bill Mongelluzzo |
Truckers in South China who are seeking higher earnings reportedly blocked the main road leading to ports in western Shenzhen on Thursday, and threatened to take their protest to larger ports if they
Trucking News
Trucking labor
Carp Barriers in Chicago Waterways Proving Effective
Bob Edmonson |
The Army Corps of Engineers issued interim reports Friday indicating existing barriers are keeping Asian carp from migrating through the Chicago Sanitary and Ship Canal and related channels, easi
Maritime
ACL/Grimaldi Adds Savannah to West Africa Loop
Peter Leach |
ACL/Grimaldi will start calling at Savannah with its West African Service in early July, the Georgia Ports Authority said Friday.
Maritime
Forwarding
Brokers Say Truckload Rates Rising Fast
William B. Cassidy |
Truckload rates are spiking 10 percent and higher as rising freight demand collides with deep cuts in capacity, according to freight brokers.
Trucking News
OOCL to Raise Rates to $250
Peter Leach |
OOCL said Friday it will raise freight rates on southbound cargo it transports from Asia to New Zealand as of July 15.
Maritime
Forwarding
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
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