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Platts Containers Update
Cobham Aviation Buys Three Freighters
Thomas L. Gallagher |
Cobham Aviation Services Australia bought three regional aircraft from BAE Systems after leasing them for the past 15 years.
Air Cargo
Air Cargo Carriers News
Frankfurt Cargo Traffic Begins Recovery
Bruce Barnard |
Fraport AG, owner of Frankfurt airport, reported a 55 percent slump in third quarter profit but said freight volume is recovering at Europe's biggest air cargo hub.
Air Cargo
JDA Software to Acquire i2 Technologies
Thomas L. Gallagher |
JDA Software Group signed a definitive agreement to acquire i2 Technologies for an enterprise value of approximately $396 million.
Transport, Trade and Regulation News
i2 Technologies Profit Surges
Thomas L. Gallagher |
Profit for supply chain software provider i2 Technologies surged from $1.4 million a year ago to $10 million in the third quarter.
Transport, Trade and Regulation News
Emery Harper, Shipping Lawyer, Dies at 73
JOC Staff |
Emery W. Harper, a New York admiralty lawyer who was active in a wide variety of maritime issues during a 45-year career, died Oct. 26 after complications from surgery. He was 73.
Maritime
Deutsche Post DHL Lost $123 Million
Bruce Barnard |
Deutsche Post DHL lost $123 million in the third quarter, reflecting costs involved in DHL's exit from the U.S.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Bedek Converts First 767-300 Freighter
Thomas L. Gallagher |
Israel Aerospace Industries' Bedek Aviation Group completed its first conversion of a 765-300 aircraft from passenger to freighter configuration.
Air Cargo
âKâ Line Buys Ship Repair Yard Stake
Peter T. Leach |
“K” Line is buying a minority stake in a ship repair yard on China’s Zhoushan Islands that will give it access to facilities for very large container ships.
Maritime
Container lines
Panalpina Earnings Slump
Bruce Barnard |
Panalpina, the Swiss global logistics and freight forwarding group, reported a sharp drop in third quarter earnings but said it boosted ocean and air freight market share on key trade lanes.
Air Cargo
Florida Ports Council President John R. LaCapra Announces Retirement
JOC Staff |
TALLAHASSEE, FL (October 30, 2009) – John R.
USPS Hikes Shipping Prices
Thomas L. Gallagher |
Prices for Priority Mail will increase an average of 3.3 percent on Jan. 4, 2010, the U.S. Postal Service announced Wednesday.
Air Cargo
S&P Positive on BNSF-Berkshire Hathaway
John D. Boyd |
A purchase of U.S. freight rail giant BNSF Railway by Warren Buffett’s Berkshire Hathaway could lead Standard & Poor's Ratings Services to upgrade its assessment of BNSF debt.
Rail News
North-American rail
Virginia Spends Stimulus Funds Slowest
John D. Boyd |
Virginia ranks last in the nation for using up its stimulus funds for highway and bridge construction projects, says a congressional report.
Transport, Trade and Regulation News
Heavy Truck Sales Surge in October
JOC Staff |
Heavy truck sales surged in October, rising 117 percent year-over-year and 104 percent from September, as freight volumes showed signs of improving and carriers began a last-minute round of truck purc
Trucking News
Shippers Appeal to NY, Newark on Harbor Truckers
JOC Staff |
A broad group of retailers and other shippers called on the mayors of New York and Newark, N.J., to withdraw their support for changes in federal law that would allow local regulators to bar independe
Transport, Trade and Regulation News
Trucking labor
Quality Distribution Swings to Profit
Thomas L. Gallagher |
After losing $143.2 million in the second quarter, Quality returned to profit in the third quarter and improved upon last year’s third quarter profit.
Trucking News
Trucking Spot Market Up 10 Percent in October
JOC Staff |
Freight volume in trucking’s spot market rose 10 percent in October, said TransCore, which reported the first year-over-year increase this year in the TransCore Freight Index.
Trucking News
Truck brokers
Mediation Board to Change Representation Rules
JOC Staff |
The National Mediation Board proposed an amendment to its Railway Labor Act rules to provide that, in representation disputes, a majority of valid ballots cast will determine the craft or class repres
Transport, Trade and Regulation News
Trucking labor
Atlantic Container Line to Hike Rates
JOC Staff |
Atlantic Container Line will raise rates on the North Atlantic in two stages over the next three months. The first phase will begin Dec. 1 and the second on Feb. 1, ACL said.
Maritime
Container lines
Seaspan Posts Larger 3Q Loss
Peter T. Leach |
Seaspan, the Hong Kong charter ship owner, posted a loss of $65.9 million for the third quarter ended Sept.
Maritime
Forwarding
Nippon Express Profit Tumbles
Hisane Masaki |
Forwarding giant Nippon Express suffered sharp declines in sales and profit in the six months ending Sept. 30, the company said.
Air Cargo
Lines to Add Africa-Europe Reefer Service
Thomas L. Gallagher |
The Southern Africa Europe Container Service Lines will introduce an additional container service to accommodate primarily the seasonal increase in refrigerated exports from South Africa to Europe dur
Maritime
Container lines
Forwarding
Zim Restructuring Wins Approval
Joseph Bonney |
Zim Integrated Shipping Services said its parent Israel Corp.
Maritime
Container lines
Pacer Strikes New UP Deal
Bill Mongelluzzo |
Pacer International, seeking to settle a contracting issue central to the company’s intermodal business, announced Tuesday it reached a multi-year agreement with Union Pacific Railroad for new r
Rail News
North-American rail
Con-way Profit Drops 67 Percent
Thomas L. Gallagher |
Con-way profit fell by two-thirds in the third quarter from $40.5 million a year ago to $13.5 million in the three months ending Sept. 30.
Trucking News
Genesee & Wyoming Profit Inches Upward
Thomas L. Gallagher |
International short line operator Genesee & Wyoming earned a profit of $21.7 million in the third quarter, just 2 percent higher than in the same period a year ago.
Rail News
Expeditors Net Falls 33 Percent
JOC Staff |
Expeditors International of Washington saw its net profit fall 33 percent in the third quarter, to $57.8 million, as tighter capacity and rising prices in ocean and air transport services cut into fre
Logistics Technology News
Forwarding
BNSF Deal Prompts Rush to Rails
John D. Boyd |
The planned purchase of BNSF Railway by Berkshire Hathaway underscores the value of railroads generally, according to Wall Street analysts.
Rail News
North-American rail
Shipments, Orders Grew in September
Thomas L. Gallagher |
New orders and shipments of manufactured goods are growing, but unfilled orders and inventories are still shrinking, according to the latest report from the U.S. Census Bureau.
Transport, Trade and Regulation News
Hamilton, Halifax Sign Short-Sea Pact
Canadian Sailings |
Officials from the Hamilton Port Authority recently signed a memo of understanding with the Halifax Port Authority aimed at advancing short-sea shipping services.
Maritime
Wilh. Wilhelmsen Profit Slumps 42 Percent
Bruce Barnard |
Third quarter earnings for Wilh.
Maritime
Piraeus Dock Workers Renew Strike
Bruce Barnard |
Dock workers in Piraeus began a 48 hour strike Nov. 3 in a fresh bid to prevent China's Cosco Pacific taking over two of the three container quays at Greece's biggest port.
Maritime
Forwarding
Pacific Lines Seek New Wave of Rate Hikes
Bill Mongelluzzo |
Shipping lines that carry U.S. exports to Asia are planning another round of rate increases for key containerized commodities.
Maritime
Clorox Ending Chlorine Use, Shipping
JOC Staff |
The Clorox Co. says it will stop using chlorine in its signature bleach product because of growing concerns over the safety and oversight of transporting the product on railroads.
Rail News
North-American rail
Defense Bill Provides Short Sea Boost
R.G. Edmonson |
The marine highways program, domestic shipbuilding and port infrastructure development were big civilian winners in the Department of Defense authorization bill that President Obama signed Oct.
Maritime
S&P, Wall Street Slap YRC Debt Swap
JOC Staff |
YRC Worldwide stock tanked on Wall Street this week as the company launched a debt-for-equity exchange one analyst compared to a “controlled bankruptcy.”
Trucking News
LTL
NS, Pennsylvania Expand Phila. Intermodal Yard
John D. Boyd |
Norfolk Southern Railway and Pennsylvania’s state government will spend $11 million to expand track and parking in the railroad’s Philadelphia Navy Yard intermodal facility.
Rail News
North-American rail
Logue Named President of FedEx Freight
JOC Staff |
William J. Logue, a veteran FedEx Express executive, will become president of FedEx Freight, the express giant’s $4.6 billion trucking arm, Dec. 1.
Trucking News
LTL
Berkshire Hathaway to Buy BNSF
JOC Staff |
Warren Buffett’s Berkshire Hathaway announced Tuesday it will buy the Burlington Northern Santa Fe railroad in a transaction worth an estimated $34 billion.
Rail News
North-American rail
Industrial Price Index Hits High for Year
Peter T. Leach |
The prices of the kinds of commodities that manufacturers around the world use to make industrial products hit a record high in the week at the end of October, according to the Industrial price Index
Transport, Trade and Regulation News
Forwarding
North-American rail
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