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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
Diesel Climbs Fourth Straight Week
Thomas L. Gallagher |
The retail price of diesel rose seven-tenths of a cent last week, the fourth straight week of increases in the national average, according to the U.S.
Trucking News
MSC Adds Norfolk to Golden Gate Loop
Peter T. Leach |
Mediterranean Shipping Co. said Monday it will add calls at Norfolk to the revised port rotation of its Golden Gate Service from Asia via the Suez Canal.
Maritime
Container lines
Panalpina Launches Rate Hub on GT Nexus
JOC Staff |
Panalpina launched an online transportation rate management hub on the GT Nexus Trade and Logistics Portal, supporting all ocean trade lanes across all carriers that Panalpina works with.
Transport, Trade and Regulation News
Kennedy Resigns Port Commission Seat
Press Release |
PORT CANAVERAL, FL— November 2, 2009 – Merritt Island resident Ralph Kennedy has stepped down from the Canaveral Port Authority Board of Commissioners.
Geodis Wilson Appoints New VP for Asia Pacific Region
Press Release |
Freight management provider Geodis Wilson has appointed Mathieu Renard Biron as their new Regional Vice President for Asia Pacific.
YRC Worldwide Seeks $500 Million Debt-Stock Swap
JOC Staff |
YRC Worldwide will launch a debt-for-equity exchange offer this week that could wipe more than $500 million in debt from the financially-troubled trucker's books.
Trucking News
LTL
Manufacturing Expands in October
Thomas L. Gallagher |
The manufacturing sector expanded solidly in October as the PMI index of business activity surged 3.1 percentage points to 55.7 percent, the highest rate of growth since April 2006.
Transport, Trade and Regulation News
Shipment Index Falls 4.7 Percent
JOC Staff |
The closely watched Cass Freight Index of U.S.
Transport, Trade and Regulation News
‘Financial Tsunami’ Puts Evergreen in the Red
Joseph Bonney |
Evergreen Marine Corp.
Maritime
Container lines
IRS Reverses FedEx Ground Ruling
JOC Staff |
An Internal Revenue Service decision to reverse a previous assessment that FedEx had misclassified some package delivery drivers marks a strong victory for the carrier and its use of independent contr
Air Cargo
Air Cargo Forwarder News
LTL
MSC to Raise Trans-Atlantic Import Rates Twice
Peter T. Leach |
Mediterranean Shipping Company posted a two-stage general rate increase on Monday for cargos imported from ports in North Europe and the Mediterranean to the United States, Canada and Mexico.
Maritime
Container lines
TNT Profit Shrinks 12.4 Percent
Bruce Barnard |
TNT, Europe's second largest mail and express company, reported its fifth consecutive quarter of declining earnings, but said its express operations are showing early signs of growth.
Transport, Trade and Regulation News
Fewer Box Ships Take Reefer Business
Bruce Barnard |
Ocean container carriers seeking extra cargoes are failing to grab market share from conventional refrigerated vessels despite "desperate marketing and pricing tactics," a leading reefer ope
Maritime
Container lines
Forwarding
Maersk Hikes Asia-Mideast Rates
Peter T. Leach |
Maersk Line on Monday announced a general rate increase as of Nov. 15 on cargo it carries from South Asia and the Middle East to Europe.
Maritime
Container lines
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