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Platts Containers Update
FedEx Sees ‘Positive Momentum’ in Global Economy
JOC Staff |
FedEx said Thursday its net profit fell 30 percent in the quarter ending Nov.
Air Cargo
Air Cargo Forwarder News
Horizon Lines Drops Top Executives' Perks
Peter T. Leach |
Horizon Lines, the largest U.S.
Maritime
Container lines
Savannah Container Traffic Grows 0.3 Percent
JOC Staff |
The Port of Savannah saw its second straight month of container traffic growth in November, but the brief peak season recovery slowed down sharply as import volume declined 13.8 percent.
Maritime
Forwarding
LA-LB Container Volume Recovers Slightly
Bill Mongelluzzo |
A modest recovery in container volume appears to be underway at the ports of Los Angeles and Long Beach, and exports are leading the way.
Maritime
Forwarding
North American ports
Banks Extend YRC Worldwide's Credit Line
William B. Cassidy |
YRC Worldwide's banking group came to the troubled carrier's rescue today, extending its credit agreement until Jan.
Trucking News
LTL
Florida Buying Track Segment from CSX
John D. Boyd |
Florida will pay CSX Transportation $432 million for a 61-mile track segment after Gov. Charlie Crist on Dec. 16 signed into law a measure to boost passenger rail operations.
Rail News
North-American rail
Ethanol Terminal Opens on Union Pacific Line
John D. Boyd |
Ethanol terminal operator U.S. Development Group said its West Colton Rail Terminal at Rialto, Calif., has started handling ethanol railcars from Union Pacific Railroad.
Rail News
North-American rail
Jobs Bill to Add Billions to DOT Budget
R.G. Edmonson |
The House is expected to vote this afternoon on a trio of intertwined measures that will extend the Department of Transportation’s highway program at current budget levels, puts the Highway Trus
Transport, Trade and Regulation News
OOCL to Raise Hong Kong – Australia Rates
JOC Staff |
OOCL will increase its rates on all dry and reefer shipments from Hong Kong, Macau and South China to Australia, the company said Wednesday.
Maritime
Container lines
Khouri Touts Inland River Experience for FMC Post
R.G. Edmonson |
Michael Khouri, the president’s latest nominee to the Federal Maritime Commission, told the Senate Commerce Committee on Tuesday that he will apply his experience in the inland river transportat
Transport, Trade and Regulation News
RailAmerica, Inc. Announces Appointment of Principal Accounting Officer and Other Executive Appointments
JOC Staff |
JACKSONVILLE, Fla., Dec. 15 /PRNewswire-FirstCall/ -- RailAmerica, Inc.
KCS Announces the Promotion of Gene M. Goode to Vice President Administration
JOC Staff |
KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE: KSU - News) and its U.S. subsidiary, The Kansas City Southern Railway Company (KCSR), announced today the promotion of Gene M.
Agility Appoints Thomas Peikert As Global SVP Sea Freight
JOC Staff |
Hong Kong, December 16th, 2009
Schneider Completes Conversion to Containers
John D. Boyd |
Schneider National, one of the largest U.S.
Trucking News
British Forwarders Slam 100 Percent Scanning
R.G. Edmonson |
An official of the British International Freight Association says the United States should scrap its 100 percent scanning program and adopt a “risk assessed, commercially practical and technolog
Transport, Trade and Regulation News
Construction Starts on Three-Part Hong Kong Bridge
Peter T. Leach |
Construction began Tuesday on an enormous three-part, bridge between Hong Kong, Zhuhai and Macao that will eventually speed transport throughout the Pearl River Delta on an expressway with three lanes
Maritime
BA World Cargo Preparing Strike Plan
JOC Staff |
British Airways officials say they are reworking schedules and planning to contact cargo customers about the changes in case flight crewmembers launch a strike as threatened next week.
Air Cargo
YRC Worldwide Extends Debt Swap Deadline Again
William B. Cassidy |
YRC Worldwide, trying to extend the clock on its bid to avoid bankruptcy protection, pushed back its deadline for a debt-for-equity swap by another two days on Wednesday.
Trucking News
LTL
Senate Bill Would Tighten Contractor Law
William B. Cassidy |
Sen. John F. Kerry, D-Mass., introduced legislation this week that would toughen standards for employers in transportation and other industries that use independent contractors.
Transport, Trade and Regulation News
Pacific Carriers Call for ‘Emergency’ Rate Hike
Bill Mongelluzzo |
Shipping lines in the eastbound Pacific will attempt to increase their freight rates by $400 per 40-foot container on Jan.
Maritime
Container lines
Air Carriers Sign Deals for Synfuels
John D. Boyd |
Fifteen major airlines, including top cargo carriers, signed what the Air Transport Association calls “groundbreaking” agreements to line up supplies of alternative aviation fuels with two
Air Cargo
Avramovich Says Pacer Planned CEO Transition
John D. Boyd |
The Dec. 15 transition of its chief executive by intermodal provider Pacer International had been planned for some time, said incoming Chairman and CEO Daniel W. Avramovich.
Rail News
Kathy Kraninger Joins The Sentinel HS Group as Senior Director
JOC Staff |
Former DHS and DOT Executive to work with Risk Assessment and Intelligence, Transportation Security, and Traveler Management Practice Groups
Saddle Creek Promotes Business Development Manager
JOC Staff |
Lakeland, Fla., Dec. 15, 2009 – Saddle Creek Corporation, a third-party logistics company, recently promoted Kimberly Devore to the position of manager of business development.
Texas Short Line Begins FRA-Funded Project
John D. Boyd |
An Iowa Pacific Holdings short line railroad in Texas launched a major upgrade over 70 miles of track, using a recent loan from the Federal Railroad Administration.
Rail News
YRC Debt-Equity Swap Faces Deadline
William B. Cassidy |
For the second time in a week, YRC Worldwide faces a midnight deadline for a critical part of its plan to avoid bankruptcy.
Trucking News
LTL
GE Cuts Railcar Order in Half
Thomas L. Gallagher |
The Greenbrier Companies agreed with General Electric Railcar Services to modify GER's railcar manufacturing contract by reducing the order from 11,900 to 6,000 railcars.
Rail News
DP World Says India Project on Schedule
JOC Staff |
Dubai World's financial problems will have no immediate adverse impact on India's first international container transshipment terminal under development at the southeastern Port of Cochin, subsidiary
Maritime
Ports Earn Environmental Justice Award
Bill Mongelluzzo |
The federal Environmental Protection Agency chose the ports of Los Angeles and Long Beach to be the recipients of its Environmental Justice Achievement Award for their clean truck plan.
Maritime
Transportation Study Urges Climate Adaptation
Thomas L. Gallagher |
Strengthening the transportation system’s resilience may reduce long-term costs from climate change, according to a study by transportation specialists Cambridge Systematics.
Transport, Trade and Regulation News
Menlo Worldwide Adds Client in Mexico City
Thomas L. Gallagher |
Menlo Worldwide Logistics, the global logistics subsidiary of Con-way, launched a warehouse and inventory management system for a customer of freight forwarder Crane Worldwide Logistics.
Transport, Trade and Regulation News
India Creates Maritime Security Committee
JOC Staff |
The Government of India set up a high-profile committee on maritime security to enhance surveillance of the country’s vast coastline.
Transport, Trade and Regulation News
Volvo Group Truck Sales Drop 37 Percent
JOC Staff |
Worldwide sales of Volvo Group trucks declined 37 percent year-over-year in in November and were down 7 percent from October, the company said.
Trucking News
Industrial Production Climbs Fifth Straight Month
Thomas L. Gallagher |
Industrial production increased 0.8 percent in November, the fifth consecutive month without a negative change, according to a report Tuesday from the Federal Reserve.
Transport, Trade and Regulation News
World’s Airlines to Lose $5.6 Billion in 2010
Bruce Barnard |
The world's airlines will lose $5.6 billion in 2010, nearly 50 percent higher than a forecast of $3.8 billion in September, because of rising fuel prices, the International Air Transport Association s
Air Cargo
House Votes to Extend Trade Programs
R.G. Edmonson |
The House on Monday voted to extend two widely-supported trade programs, but for only one year.
Transport, Trade and Regulation News
Forwarding
China Cosco Warns of Full-Year Loss
Peter T. Leach |
China Cosco Holdings, China’s largest shipping company, warned Monday that it will post a full-year loss.
Maritime
Container lines
Forwarding
Port Group Sends Congress Ideas for Jobs Bill
John D. Boyd |
The head of the American Association of Port Authorities urged leaders of the Senate and House of Representatives to help boost industry jobs by bolstering some ongoing federal programs and tackling a
Transport, Trade and Regulation News
Pacer Replaces Uremovich as Chairman
John D. Boyd |
Freight services provider Pacer International said Tuesday Chairman and CEO Michael E. Uremovich is leaving the company immediately and will be replaced by Daniel W.
Rail News
North-American rail
Hapag-Lloyd Loses $986 Million in Nine Months
Bruce Barnard |
Hapag-Lloyd swung to an operating loss of $986 million in the first nine months of 2009 from a year-earlier profit of $320 million as Germany's biggest ocean container carrier booked double digit decl
Maritime
Container lines
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