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Platts Containers Update
Truckload Demand Rising, Morgan Stanley Says
William B. Cassidy |
Truckload demand gained strength in early 2010, with little sign of a post-holiday downturn, according to Morgan Stanley.
Trucking News
Illinois Weighs In on Asian Carp Case
R.G. Edmonson |
The state of Illinois returned fire Jan. 5 in the escalating legal battle over closure of locks on the waterways linking Lake Michigan to the Mississippi-Illinois river system.
Maritime
Khouri Sworn In on Federal Maritime Commission
R.G. Edmonson |
The Federal Maritime Commission’s newest member, Michael A. Khouri, was sworn in on Jan. 7, the commission announced.
Transport, Trade and Regulation News
Metro Ports Announces New Personnel
JOC Staff |
Metro Ports recently announced three new personnel appointments: Patrick Furrow, senior VP HR & administrative services; Kenneth Keane, director, safety; and Steve Mathis, director, business devel
BNSF Names Wise Vice President, Network Strategy
JOC Staff |
FORT WORTH, Texas, Jan.
Nelson Balido Named New Border Trade Alliance President
JOC Staff |
PHOENIX – The Border Trade Alliance (BTA) today announced that Nelson Balido has been hired as the organization’s new president.
GE Sells 50 Locomotives in Brazil
John D. Boyd |
GE Transportation will deliver 50 new freight locomotives to Brazilian sugar and ethanol producer Cosan, with the engines built in the United States and the locomotive structures in Brazil.
Rail News
Central Transport Expands in Detroit
William B. Cassidy |
Detroit billionaire and bridge-owner Manuel "Matty" Maroun may oppose a government-owned span linking the Michigan city and Canada, but that won't stop him from setting up trucking operation
Trucking News
LTL
Old Dominion Hikes Rates
Thomas L. Gallagher |
Old Dominion Freight Line will raise its rates an average of 4.4 percent, effective Jan. 18, the regional less-than-truckload carrier said Friday.
Trucking News
LTL
Short Line Traffic Fell 25 Percent in 2009
John D. Boyd |
Small railroads across North America lost one fourth of their freight volume in 2009, according to the RMI RailConnect index of short lines and regional railroads.
Rail News
YRC Pays Wicks $800,000 to Stay
William B. Cassidy |
YRC Worldwide paid one of its top executives $400,000 this week as part of a non-competition and confidentially agreement that includes an additional $400,000 in incentive pay if he stays with the com
Trucking News
LTL
Greenbrier Narrows Loss to $3.2 Million
John D. Boyd |
Railcar and barge builder Greenbrier lost $3.2 million in its September-November fiscal first quarter of 2010, less of a decline than its $3.9 million loss a year earlier.
Rail News
Corpus Christi to Build La Quinta Terminal
Peter T. Leach |
Port Corpus Christi decided to proceed with the design of a multi-purpose dock and terminal project to be constructed on the port’s 1,000-acre site at La Quinta.
Maritime
Shippers See Worst Lakes Year in Seven Decades
Courtney Tower |
With the lowest cargo volume in 71 years for iron ore and the worst in 77 years for coal, the two chief backbones of U.S.
Maritime
Forwarding
ASTAR to Lay Off 300 Pilots
Air Cargo World |
Miami-based ASTAR Air Cargo will lay off over 300 pilots by July 1, 2010 as a result of reduced flying for DHL.
Air Cargo
Air Cargo Carriers News
Latest Winter Storm Disrupting Some Freight
John D. Boyd |
The latest in a series of strong winter storms is disrupting all forms of surface freight transportation, as rivers and rail switches ice up and some Interstate highways have closed at times from heav
Rail News
Maritime
Trucking News
Air Cargo
HACTL Freight Soared 17.9 Percent in Third Quarter
JOC Staff |
Hong Kong’s largest air cargo handler saw tonnage soar 38.5 percent in December, capping a huge expansion in shipping late in the year that still left business for all of 2009 down 8.3 percent f
Air Cargo
Nehru Containers Fell 8 Percent in 2009
JOC Staff |
Container throughput at India’s Port of Jawaharlal Nehru dropped by 8 percent in 2009 compared with the previous year as the slump in trade hit cargo volume moving through the country’s la
Maritime
UPS Sees Economic Recovery Speeding Up
JOC Staff |
UPS said Friday the economy and shipping demand are improving faster than the company anticipated, but the package carrier announced new cost-cutting plans that will eliminate 1,800 jobs across the Un
Air Cargo
Air Cargo Forwarder News
Coast Guard Eyes Standards for Box Packing
Peter T. Leach |
The Coast Guard is seeking comments from the public on methods for securing cargo in transport vehicles and freight containers.
Maritime
Port Operator PSA Sees First Volume Decline
Peter T. Leach |
Singapore-based port operator PSA International said its terminals handled 9.9 percent fewer containers in 2009 compared to the previous year, the first decline ever, as the worldwide recession hit gl
Maritime
Forwarding
U.S. Carloads Worst Since 1989
John D. Boyd |
The 2009 plunge in bulk U.S.
Rail News
North-American rail
Canadian Rail Carloads Fell 17.7 Percent 2009
John D. Boyd |
The two big Canadian Class I railroads suffered a sharper decline in bulk carload traffic in 2009 than U.S.-based major lines, while their drop in intermodal matched the U.S.
Rail News
North-American rail
ILWU Backs Long Beach Clean Trucks Program
Bill Mongelluzzo |
A Port of Long Beach advertisement promoting its clean-truck plan to neighboring communities attracted the support of International Longshore and Warehouse Union Local 13.
Maritime
Trucking labor
Panama Canal Awards Last Excavation Contract
Peter T. Leach |
The Panama Canal Authority on Thursday awarded the fourth and final contract for dry excavation for a channel to its third set of locks to FCC-ICA-MECO, a joint venture between Spanish, Mexican and Pu
Maritime
Forwarding
U.S. Rail Traffic Dropped 16.1 Percent in 2009
John D. Boyd |
Late-year gains in some commodity cargoes and in intermodal business were not enough to let large U.S. rail lines escape double-digit declines in both types of traffic.
Rail News
North-American rail
Deutsche Post to Sell French DHL
Bruce Barnard |
Deutsche Post DHL, extending its push away from domestic parcel delivery in Europe, said it plans to sell its French domestic parcels unit in the first quarter this ye
Air Cargo
Air Cargo Forwarder News
Intermodal Hits Lowest Level Since 2003
John D. Boyd |
Major U.S. railroads hauled fewer intermodal units in 2009 than any time since 2003, meaning the deep recession took six years of growth away from intermodal train traffic.
Rail News
North-American rail
Drewry Forecasts Carrier Liquidations
Peter T. Leach |
Although container freight rates are on the rebound on many routes, this does not mean the ocean container shipping industry will recover any time soon, and many carriers may run out of money before a
Maritime
Container lines
Forwarding
FreightCar America, Inc. Announces Appointment of Michael D. MacMahon as Vice President, Business Development and Strategy
JOC Staff |
CHICAGO--(BUSINESS WIRE)--FreightCar America, Inc. (NASDAQ: RAIL - News) announced today that Michael D. MacMahon has been appointed as Vice President, Business Development and Strategy. Mr.
Retailer Taps Manhattan Associates for Software
Thomas L. Gallagher |
Discount retailer Half Price Books selected software from Manhattan Associates to manage its distribution process.
Transport, Trade and Regulation News
Penske Acquires Bright Truck Leasing
Thomas L. Gallagher |
Penske Truck Leasing entered into an agreement with the Bright family to acquire Bright Truck Leasing & Bright Distribution. Financial terms were not disclose
Trucking News
Exel Expands Dedicated Delivery for Chrysler
Thomas L. Gallagher |
Exel will provide dedicated delivery services to dealers from Chrysler’s Mopar parts distribution center in St.
Transport, Trade and Regulation News
LTL Pricing to 'Firm' Later in 2010, Report Says
William B. Cassidy |
Less-than-truckload pricing, which took a sharp turn downward toward the end of the 2009, will begin to firm by the second half of 2010 regardless of whether YRC Worldwide is still in business, invest
Trucking News
LTL
Survey Finds YRC Battling to Keep Customers
William B. Cassidy |
Fewer shippers are considering diverting freight from YRC Worldwide in the wake of its successful debt-for-equity swap, but a significant percentage of shippers are still shifting volume to other carr
Trucking News
LTL
Copeland to Leave Quality Distribution
Thomas L. Gallagher |
Dennis Copeland is leaving his position as senior vice president and chief administrative officer at Quality Distribution.
Trucking News
Hanjin, UASC Plan Europe-West Africa Loop
Peter T. Leach |
Hanjin Shipping and United Arab Shipping Co. plan to launch a joint service between Spain and West Africa on March 1, the South Korean carrier said Thursday.
Maritime
Container lines
Forwarding
Evergreen Increases Asia-Europe Rates
Peter T. Leach |
Evergreen Line on Thursday announced another rate increase on all westbound cargo moving from the Far East, Japan and the Indian subcontinent to Europe and the Mediterranean.
Maritime
Container lines
Forwarding
Amsterdam Containers Fell 53 Percent in 2009
Bruce Barnard |
Container traffic in the port of Amsterdam crashed by more than half in 2009 compared with the previous year as the port lost two of its three deep-sea liner services to neighboring Rotterdam.
Maritime
Container lines
Forwarding
Lloyd’s Register North America, Inc. appoints new Vice President for the United States
JOC Staff |
Bud Streeter is the new Vice President and Marine Manager for the United States, including responsibility for Panama, Mexico, and the Caribbean.
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