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Platts Containers Update
Rockefeller Wants Container Scanning Reconsidered
By R.G. Edmonson |
Congress must reconsider its mandate that the government scan all ocean containers coming into the United States, the chairman of the Senate Commerce Committee said Wednesday.
Maritime
Transport, Trade and Regulation News
YRC 'Confident' in Debt-Equity Swap
JOC Staff |
YRC Worldwide is "very confident" it will complete a debt-to-equity swap that would wipe more than $500 million in debt from its books in return for 95 percent of the trucking operator's com
Trucking News
LTL
Teamsters Clash With GM, Chrysler
JOC Staff |
The Teamsters union is stepping up a fight with two of the nation’s largest automakers, claiming a plan by Chrysler and General Motors to shift shipments of new cars to non-union carriers is cos
Trucking News
Trucking labor
Short Lines Score Backers in Congress
John D. Boyd |
For the first time, the short line industry won endorsements from a majority of members in both houses of Congress for legislation to extend a track repairs tax credit.
Rail News
CN, Teamsters Reach Agreement
Courtney Tower |
OTTAWA --- Canadian National Railway and the Teamsters union representing 1,700 striking Canadian locomotive engineers reached a contract agreement today just as Parliament was preparing to force them
Rail News
North-American rail
Descartes Pre-Tax Profit Grows 4 Percent
Thomas L. Gallagher |
Supply chain technology provider Descartes Systems Group generated a 15 percent increase in service revenue to boost pre-tax income in the third quarter, but after-tax profit fell 57 percent.
Transport, Trade and Regulation News
French Government May Help CMA CGM
Bruce Barnard |
The French government said Dec. 2 it is willing to help CMA CGM, but the troubled ocean container carrier must first sign a debt restructuring deal with its creditors.
Maritime
Container lines
DOT Stimulus Spending Tops $6 Billion
John D. Boyd |
The Department of Transportation’s infrastructure project spending under the stimulus law reached $6.3 billion through Nov. 20, up from $5.9 billion a week earlier.
Transport, Trade and Regulation News
GAO Finds Large Gaps in 100 Percent Scanning
Thomas L. Gallagher |
Customs and Border Protection has made “limited progress” in implementing 100 percent scanning of U.S.-bound cargo containers, according to a report released Wednesday by the Government Ac
Transport, Trade and Regulation News
Analyst Says YRC Equity Swap Imperiled
JOC Staff |
A Wall Street transportation analyst said market conditions are throwing serious doubt on whether YRC Worldwide’s proposed debt-for-equity exchange can win a vote by bondholders Dec.
Trucking News
LTL
London Box Terminal Faces Finance Hurdle
Bruce Barnard |
DP World’s planned container hub on the river Thames near London is facing renewed uncertainty amid reports of financing problems for the Dubai firm’s flagship project.
Maritime
Forwarding
Obama Names Khouri to Maritime Commission
John D. Boyd |
President Obama plans to nominate attorney Michael A.
Transport, Trade and Regulation News
Zim Gets New Chairman, $100 Million in Cash
Peter T. Leach |
Israel Corp., the majority shareholder in Zim Integrated Shipping Services, said it has named Nir Gilad as chairman of the troubled shipping line, replacing Idan Ofer whose five-year term has ended.
Maritime
Container lines
Hanjin Sees Recovery in Late 2010
Peter T. Leach |
South Korea’s largest container carrier, Hanjin Shipping, expects the recession-bound industry to recover by late next year, Chairwoman Choi Eun-Young said on Wednesday.
Maritime
Container lines
Moller-Maersk Sells Plastics Unit
Peter T. Leach |
As part of its strategy of selling off non-core assets, A.P. Moller-Maersk agreed to sell its Rosti Technical Plastics Holding unit to privately owned Nordstjernan of Sweden for an undisclosed sum.
Maritime
Container lines
Evergreen Hikes Rates
Peter T. Leach |
In a continuing drumbeat of rate increases on its global services, Evergreen Line on Wednesday announced that it will boost rates on all cargoes and commodities including reefer and special equipment
Maritime
Container lines
Forwarding
Eurotunnel Buys Veolia Cargo
Bruce Barnard |
Groupe Eurotunnel, the operator of the Channel tunnel between the UK and France, has acquired the French operations of Veolia Cargo, the biggest private rail cargo company in Europe's second largest r
Rail News
Italy Faces 24 Hour Nationwide Port Strike
Bruce Barnard |
Italian port unions have called for a 24 hour nationwide strike on Dec. 18 in a dispute over planned reforms of waterfront labor laws.
Maritime
Lipinksi Urges Highway Spending to Create Jobs
JOC Staff |
With the White House preparing for a Dec.
Transport, Trade and Regulation News
Strike Hits Halifax Railcar Supply
John D. Boyd |
Although ships are keeping their schedules at the Port of Halifax, N.S., the strike by locomotive engineers against Canadian National Railway is affecting railcar supply and some marine operations.
Rail News
North-American rail
Canadian Ports Weathering CN Strike
Courtney Tower |
The Port of Prince Rupert on British Columbia’s remote northern coast, although tied to the U.S.
Rail News
North-American rail
Industrial Shippers Urge End to CN Strike
John D. Boyd |
The Canadian Industrial Transportation Association warned that the strike by train engineers against Canadian National Railway could derail the economy, and urged members of Parliament to unite around
Rail News
North-American rail
Moller-Maersk CEO Shifts Investment Targets
Peter T. Leach |
A.P.
Maritime
Container lines
Forwarding
AirBridgeCargo Adds Fourth 747-400
Thomas L. Gallagher |
AirBridgeCargo Airlines, the scheduled cargo subsidiary of Volga-Dnepr Group and Russia’s largest international cargo carrier, added a fourth 747-400 extended range freighter to its fleet.
Air Cargo
Air Cargo Carriers News
Saddle Creek Acquires ServiceCraft
Thomas L. Gallagher |
Saddle Creek Corporation acquired ServiceCraft Logistics, a third-party logistics company headquartered in Buena Park, Calif.
Transport, Trade and Regulation News
Four Korean Carriers to Borrow $630 Million
Peter T. Leach |
Hanjin Shipping and three other South Korean shipping lines agreed to borrow $630 million from 13 lenders to refinance liquefied natural gas vessels, according to Bloomberg News.
Maritime
Customs to Close Los Angeles Drawback Office
R.G. Edmonson |
Customs and Border Protection intends to close its drawback office for the ports of Los Angeles and Long Beach, according to an announcement Tuesday in the Federal Register. The agency set a Dec.
Transport, Trade and Regulation News
Forwarding
Trucking Software Pioneers to Merge
JOC Staff |
Two of the biggest names in trucking software were combined today as TMW Systems acquired Innovative Computing for an undisclosed price.
Trucking News
MD Logistics General Manager Retires
Thomas L. Gallagher |
Bob Whitney is retiring as general manager of MD Logistics in Plainfield, Ind. At the same time, the company appointed two people to executive positions.
Transport, Trade and Regulation News
UPS Opens Expanded Toronto Hub
Thomas L. Gallagher |
UPS Canada on Dec. 1 formally opened a $70 million expansion of its Toronto distribution center, the largest single Canadian investment for the global package delivery company.
Air Cargo
Air Cargo Forwarder News
FMCSA Names Chief Medical Officer
JOC Staff |
FMCSA is pleased to announce that Benisse Lester, M.D., has been appointed as the Chief Medical Officer for the Agency.
JAXPORT CCO Receives Chamber Honor
JOC Staff |
Jacksonville Port Authority (JAXPORT) Chief Commerical Officer Roy Schleicher has been honored with this year's International Business Leader Award by the Jacksonville Regional Chamber of Commerce, th
NAFTA Trade Fell 12 Months Running
Thomas L. Gallagher |
Surface trade between the United States and its partners in the North American Free Trade Agreement completed a cycle in September of 12 consecutive months of steep declines. U.S.
Transport, Trade and Regulation News
Trucking News
Rail News
CN Asks Customers for Help During Strike
John D. Boyd |
Canadian National Railway is asking customers to help it line up their freight for easier train pickup by taking steps to curb railcar switching by CN while its locomotive engineers are on strike.
Rail News
North-American rail
California Clean-Trucks Cut Pollution 80 Percent
Bill Mongelluzzo |
The Southern California clean-truck program by Jan. 1 will have reduced diesel pollution in the harbor by 80 percent, a full two years ahead of schedule.
Maritime
Trucking labor
Strike Delaying Trains at Halifax
John D. Boyd |
Port operations at Halifax, N.S., are feeling the impact of a locomotive engineers strike against Canadian National Railway.
Maritime
Forwarding
North-American rail
Manufacturing Growth Slows in November
Thomas L. Gallagher |
Growth in US manufacturing sector slowed in November as a closely watched report on factory activity slipped back 2.1 percentage points, the Institute for Supply Management reported Tuesday.
Transport, Trade and Regulation News
Lloyd’s Register, Bestway to Develop Green Bulker
Peter T. Leach |
Lloyd’s Register Classification Society (China) teamed up with Shanghai Bestway Marine Engineering Design to develop a new fuel-efficient bulk carrier that can satisfy demands by shipowners and
Maritime
Forwarding
Marseille Box Traffic Grows
Bruce Barnard |
Container traffic rose 5 percent at Marseilles in the first ten months of 2009 compared with a year ago even as France's biggest port suffered a double digit decline in overall cargo volume.
Maritime
Forwarding
Shipping Executive Bob Magee Dies
JOC Staff |
Bob Magee, an executive with Totem Ocean Trailer Express, Sea Star Line and their holding company, died Monday, Saltchuk Resources announced.
Maritime
Container lines
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