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CSX Profit Falls 20 Percent to $308 Million
John D. Boyd |
CSX Transportation saw revenue fall 24.8 percent and net profit drop 20 percent on a sharp decline in shipping in the second quarter, but the railroad still managed a $308 million profit and said it m
Rail News
North-American rail
Action Seen Soon on Rockefeller Rail Overhaul
John D. Boyd |
Rail industry sources expect a Senate committee to soon unveil a bill that would overhaul railroad regulations and alter the Surface Transportation Board.
Transport, Trade and Regulation News
Rail News
Container Traffic in India Falls
JOC Staff |
Container traffic handled by major ports in India fell 8.4 percent in the April-June period, the first quarter of fiscal 2009-10, amid signs of improvement in overall traffic movements.
Maritime
Container lines
Forwarding
Crowley Ships Ballet Props to Cuba
Peter T. Leach |
Crowley Maritime delivered the Royal Ballet’s sets, scenery, costumes, lighting equipment and props to Cuba last week for the ballet troupe’s performances in Havana July 14-18.
Maritime
Forwarding
Joe Keenan Named as New Director of APAC
JOC Staff |
Choice Logistics, the global specialist in outsourced mission-critical service parts logistics services, has announced that Joe Keenan has been appointed as director of the Asia-Pacific region.
Transport, Trade and Regulation News
Heathrow Sees Busiest Cargo Month of 2009
JOC Staff |
London Heathrow Airport had its busiest month for cargo in eight months in June, despite a 14.5 percent year-over-year decline in freight tonnage at the key European gateway.
Air Cargo
Air Cargo Carriers News
Expeditors Projects Profit Decline
JOC Staff |
Forwarder Expeditors International of Washington expects its profit to fall up to 33 percent in the quarter ending June 30 despite an uptick in freight shipping late in the quarter.
Transport, Trade and Regulation News
WTO Head: Crisis is 'Far From Over'
Alan M. Field |
The global economic recession is “far from over,” World Trade Organization director general Pascal Lamy told the WTO on July 13, warning that protectionism by WTO member states could prolong the econo
Transport, Trade and Regulation News
Senate Confirms Mendez as Federal Highway Administrator
JOC Staff |
The Obama administration's Department of Transportation came closer to a full complement of agency leaders July 13 as the Senate confirmed Victor Mendez as administrator of the Federal Highway Adminis
Transport, Trade and Regulation News
OECD Unemployment Rate Rises in May
Alan M. Field |
Unemployment continued to rise in the 30 industrial countries that belong to the Organization of Economic Cooperation and Development.
Transport, Trade and Regulation News
Agility Unit to Support Afghan Logistics
Alan M. Field |
Logistics provider Agility's defense and government services division will team with DynCorp International and CH2M HILL for military logistics support for southern Afghanistan under a contract w
Transport, Trade and Regulation News
Iberia Boss to Focus on BA Merger
Bruce Barnard |
The new chairman of Iberia, Spain’s national airline, vows to complete stalled merger talks with British Airways that would create a million-tons-a-year cargo carrier.
Air Cargo
Air Cargo Carriers News
Union Files Complaint Against Evergreen
Joseph Bonney |
The International Longshoremen’s Association filed a complaint accusing Evergreen Shipping Agency (America) of improperly trying to include 13 Taiwanese guest workers among the company’s clerical empl
Maritime
Rail Labor Chief Calls Union Merger Plan 'Dead'
John D. Boyd |
A controversial 2007 plan to merge two large labor groups in the AFL-CIO, the United Transportation Union of train conductors and other rail workers with the Sheet Metal Workers International Associat
Rail News
Israeli Shipping Line Gets First Mega-Ship
JOC Staff |
Zim Integrated Shipping Services is sailing against prevailing business winds by adding capacity to its fleet.
Maritime
Container lines
Forwarding
Marseilles Container Traffic Soars
Bruce Barnard |
LONDON — Container traffic at Marseilles surged 35 percent in June from a year ago on new services and fewer strikes.
Maritime
DOT Stimulus Spending Jumps in Early July
John D. Boyd |
The Department of Transportation paid out another $82 million in stimulus project funds in the week ending July 3, escalating how quickly it is pushing money out to cover bills for work it and states
Transport, Trade and Regulation News
Ocean Carriers' '$20 Billion Black Hole'
By Peter T. Leach |
The proverbial “green shoots” that some analysts detect in recent economic indicators are not appearing in the global container shipping industry.
Forwarding
Who Will Pay for Time Limits?
By John D. Boyd |
Will shorter work assignments equate to the same pay for unionized rail workers? A federal court has been asked to decide.
North-American rail
Recession's Strange Bedfellows
Bill Mongelluzzo |
When Maersk Line officials this year looked at the service requirements of their trans-Pacific customers, they came to a shocking conclusion: “Even we couldn’t get the scale we wanted on o
Forwarding
Maritime
Buy American: Did It Backfire?
By Susan Kohn Ross |
The American Recovery and Reinvestment Act of 2009 has caused a lot of hand-wringing because of its Buy American provisions. Is that concern warranted?
Transport, Trade and Regulation News
Obama Taps Elliot to Head STB
By John D. Boyd |
President Obama is filling out his team to regulate railroads.
Rail News
Industry States Its Case on Green Initiatives
By Bill Mongelluzzo |
Environmentalists cheered a July 1 federal court ruling that allows the California Air Resources Board to regulate emissions from oceangoing vessels, but the maritime industry insists regulators shoul
Maritime
White House Unveils Its Transportation Vision
JOC Staff |
The Obama administration, calling it “Stage 1” of a sweeping reform of transportation policy and funding, formally presented its proposal to Congress for a transportation reauthorization b
Banking on Infrastructure
By R.G. Edmonson |
In 2006, the Army’s 1st Infantry Division came home from Germany to settle at Fort Riley, Kan.
Transport, Trade and Regulation News
U.S.-Flag Carriers Exercise Military Might
By R.G. Edmonson |
Do tanks fly?
Maritime
Transport, Trade and Regulation News
Forwarding
Cuba's Embargoes Expectations
By Alan M. Field |
It may be hard to imagine, but the U.S. was once Cuba’s largest trading partner by far, and its greatest source of tourism and foreign investment.
Transport, Trade and Regulation News
New KCS Rail Line Open For Business
By John D. Boyd |
At a time when North American railroads are idling equipment and workers, slashing capital project spending and trying to ride out a severe traffic slump, Kansas City Southern is celebrating the compl
Rail News
North-American rail
Exit Lane Dead Ahead
By William B. Cassidy |
Trucking bankruptcies may be on the rise again after declining 49 percent in early 2009, as higher fuel costs and the recession grind down carrier profit margins.
Trucking News
Landstar Adds Tech
By William B. Cassidy |
Truckload carrier Landstar System is expanding off-road by acquiring two technology companies that give it greater reach into shippers’ freight networks.
Trucking News
Rolling Into History
JOC Staff |
Monson Trucking isn’t the first trucking company to fail in this recession, but it is one of the oldest.
Trucking News
Intermodal's New Track
John D. Boyd |
Intermodal Traffic may be down, but the companies that put containers and trailers on trains aren’t out for the count.
Rail News
Pacer Poised for 'Transformation'
John D. Boyd |
As it struggles to stay on track and regain speed, Pacer International faces a deadline.
Rail News
Northern Lights in South America
Alan M. Field |
From 2004 through 2008, U.S. exports to Brazil, Colombia, Chile and Argentina — South America’s four largest economies— more than doubled. While U.S.
Forwarding
Where Are We?
By Gary Ferrulli |
With the first half of 2009 behind us, it’s the usual time to assess how the six-month period looked and where we stand versus our annual budgets.
Ro-Ro's Slow Go
David Biederman |
Automobile and roll-on, roll-off traffic between the U.S. and the Middle East is in slow recovery mode after falling hard and fast.
Maritime
Forwarding
Senate Eyes Short Sea Shipping Grants
R.G. Edmonson |
The Maritime Administration would provide grants to develop U.S. marine highways under a bill passed by the Senate Commerce, Science and Transportation Committee.
Maritime
Hapag-Lloyd to Get $1 Billion in Aid from Owners
Bruce Barnard |
Hapag-Lloyd, the world’s fifth largest container carrier, will get approximately $1 billion in financial support from its owners as it seeks additional aid from the German government and lenders
Maritime
Container lines
Forwarding
Long Beach Gets Green Grant for Machines
Bill Mongelluzzo |
The Port of Long Beach received a $4 million grant from the federal Environmental Protection Agency to replace or retrofit 114 machines at marine terminals in order to reduce diesel emissions.
Maritime
China’s Trade Surplus Drops in May
Alan M. Field |
China's trade surplus last month shrank to $8.25 billion from $13.4 billion in May, the General Administration of Customs said on Friday. Economists had expected a surplus of $15.0 billion.
Transport, Trade and Regulation News
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