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Obama Eyes Transport Projects for Jobs
John D. Boyd |
President Obama plans to propose a new set of job-stimulating efforts on Dec.
Transport, Trade and Regulation News
Corps of Engineers Closes Chicago Canal
John D. Boyd |
Officials have locked down a Chicago shipping channel while they dump in poison to prevent what could become an invasive fish species disaster, but the barge industry says the effort is also killing s
Maritime
FTR Predicts Heavy Truck Slump
Thomas L. Gallagher |
The market for class 8 trucks is likely to slump at the end of the year and to slow further in 2010, said transportation analyst FTR Associates.
Trucking News
Iowa Short Line Wins Grant to Rebuild Bridge
John D. Boyd |
An Iowa short line railroad will receive a federal grant of nearly $7 million to rebuild a bridge torn away in June 2008 by the flooding Cedar River.
Rail News
Shipments Index Sees Smallest Drop of 2009
JOC Staff |
The Cass Freight Index for shipments fell 7.9 percent in November compared to the same month last year, the smallest decline in a year and a half in the closely watched measure of U.S.
Transport, Trade and Regulation News
Teesport Loses Big Customer
Bruce Barnard |
London - Teesport, the UK's third largest port, is facing an immediate 20 percent drop in annual revenue after Anglo-Dutch steelmaker Corus announced Dec. 4 it will mothball a nearby steel mill.
Maritime
Obama Dubious of ‘Shovel-Ready’ Jobs
JOC Staff |
President Obama says large-scale transportation projects that are supposedly “shovel-ready” may not provide the quick boost for jobs needed in the halting American economic recovery.
Transport, Trade and Regulation News
Trucking labor
CSCL Celebrates 10 Years Serving U.S. West Coast
Bill Mongelluzzo |
China Shipping Container Line celebrated the 10th anniversary of its first West Coast calls with a commitment to customers to adjust to changing economic times in order to meet their service requireme
Maritime
Container lines
Shipments of Manufactured Goods Grow
Thomas L. Gallagher |
Manufacturers gave shipping a push in October as shipments of manufactured goods, up four of the last five months, increased $3.1 billion or 0.8 percent to $368 billion.
Transport, Trade and Regulation News
Italian Dock Workers Call Off Strike
Bruce Barnard |
Italy's dock workers' unions suspended a nationwide port strike scheduled for Dec. 18 after lawmakers modified planned reforms of waterfront labor laws.
Maritime
Transport Sector Cuts Jobs in November
John D. Boyd |
All major transportation industries reduced their employment levels in November, in line with a still-weak recovery in freight shipping; however, warehousing added jobs.
Transport, Trade and Regulation News
Trucking labor
DP World Project on Target in Rotterdam
Bruce Barnard |
Dubai World's financial problems will not affect the construction timetable of Europe's biggest container terminal in which its subsidiary DP World is the largest investor, the port of Rotterdam said
Maritime
Japan Starts Aid for Ship Exports
Hisane Masaki |
Japan is providing financial support to shore up slumping vessel exports amid flagging demand from ship owners.
Maritime
FedEx Ground Raises Rates 4.9 Percent
JOC Staff |
FedEx will raise list prices for its ground parcel service an average 4.9 percent in 2010, matching the rate increase announced by competitor UPS.
Trucking News
Air Cargo Forwarder News
LTL
Continental Airlines Cargo Grows 16.5 Percent
JOC Staff |
Cargo traffic at Continental Airlines jumped 16.5 percent in November, the strongest year-over-year growth yet in 2009 amid growing signs of stability in the freight market for U.S.
Air Cargo
Air Cargo Forwarder News
Railroads Keep Momentum in Holiday Week
John D. Boyd |
Big U.S. railroads reached a new milestone even as the Thanksgiving holiday trimmed their work week, with bulk carloads showing the smallest decline so far this year from 2008 levels.
Rail News
North-American rail
States Press Congress for Transport Jobs
R.G. Edmonson |
If Congress produces a jobs bill after Thursday’s White House jobs summit, state officials have 9,500 reasons why transportation infrastructure should get a major piece of the action.
Transport, Trade and Regulation News
Dynamex Keeps Profit Even
Thomas L. Gallagher |
A lower Canadian income tax rate, realignment of management and cutting back the number of employees helped same-day delivery specialist Dynamex stay even with last year’s profit figures for its
Transport, Trade and Regulation News
Air Cargo Forwarder News
GE Sells 10 Locomotives in Brazil
John D. Boyd |
Rail equipment builder GE Transportation signed up Brazilian railway operator America Latina Logistica as a new customer, with an order to deliver 10 new locomotives to ALL this year.
Rail News
Cyber Monday Sales Jump 5 Percent
Thomas L. Gallagher |
Online sales grew 5 percent on Cyber Monday, Nov. 30, compared with the Monday after Thanksgiving last year, said Web commerce analyst comScore.
Transport, Trade and Regulation News
Aerospace Group Urges Export Control Reform
Thomas L. Gallagher |
Following President Obama’s call in August for a review of the export control system, members of the aerospace industry put together a list of their needs.
Transport, Trade and Regulation News
CN Ramps Up After Strike Ends
John D. Boyd |
Canadian National Railway was ramping its operations back up Dec.
Rail News
North-American rail
Freightwatch Announces Change to Executive Structure
JOC Staff |
December 1, 2009. Austin, TX – FreightWatch International, a leading Global logistics security solutions provider, announces a change to its executive management structure.
Oberstar Backs Six-Month Highway Plan, With Conditions
R.G. Edmonson |
Rep. James L.
Transport, Trade and Regulation News
UTi Worldwide Sees $18 Million Profit
JOC Staff |
UTi Worlwide saw its net profit fall by half to $18 million in its fiscal third quarter, but the logistics operator said shipping demand improved during the period and air freight volume posted a gain
Transport, Trade and Regulation News
Frankfurt Airport to Hike Airline Fees
Bruce Barnard |
Frankfurt airport plans to raise airline fees by 12.5 percent over the next two years to help pay for expansion of Europe's biggest air cargo hub.
Air Cargo
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
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