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Short Line Loads Slip in Latest Week
John D. Boyd |
Short line railroads surveyed for the RMI RailConnect index hauled 85,276 combined carloads and intermodal units in the week ending July 4, well ahead of the Memorial Day week at the end of May but no
Rail News
C. H. Robinson Acquires Texas Customs Brokerage's Assets
Alan M. Field |
C.H.
Trucking News
YRC Worldwide Stock on a Wild Ride
JOC Staff |
YRC Worldwide’s stock rose 60 cents to $1.49 a share July 9 on news that the financially strapped trucking enterprise reached a tentative agreement on cost cuts with the Teamsters union.
Trucking News
LTL
U.S. Trade Deficit Down as Imports Plunge
Alan M. Field |
The U.S. trade deficit fell in May to its lowest monthly level since November 1999, as exports registered a small gain but imports dropped for the tenth month in a row.
Transport, Trade and Regulation News
Frankfurt, London Cargo Decline Bottoms Out
Bruce Barnard |
Frankfurt airport, Europe’s top air cargo hub, reports the decline in cargo traffic slowed in June.
Air Cargo
Air Cargo Carriers News
Marad Awards Small Shipyard Grants
John D. Boyd |
Small shipyards in 10 states will divvy up $17.1 million in grants to obtain cranes and other equipment from welding gear to cutting tables.
Maritime
Senate Bill Would Require U.S. Flag Ships to be U.S. Built
R.G. Edmonson |
All U.S.-flag ships in international commerce would have to be built in the United States if language approved July 9 by the Senate Commerce, Science and Transportation Committee becomes law.
Maritime
Forwarding
Non-Profit Report Details Innovative Low-Carbon Strategies
Alan Field |
The global recession and other recent economic changes “reinforce the importance of innovative, sustainable business practices that lead the transition to a low-carbon economy, promote economic develo
Transport, Trade and Regulation News
USPS Adds 1,900 'Green' Trucks to Fleet
JOC Staff |
The U.S. Postal Service is greening its fleet of delivery trucks with 1,000 E-85 ethanol-powered and 900 hybrid gasoline-electric trucks.
Trucking News
Cosco Shipbuilding Unit to Delay Bulker Deliveries
Peter T. Leach |
Cosco Corporation (Singapore), the shipbuilding unit of China’s state-owned shipping line, announced on Friday that it has agreed to delay deliveries of eight dry bulk vessels at the request of two Eu
Maritime
Carriers Combine Asia-Australasia Loops
Peter T. Leach |
Two shipping consortia that provide services between northeast Asia, Brisbane and New Zealand said today they are cutting capacity on the route by combining their two loops.
Maritime
Container lines
Forwarding
Large Railroads Post Better Holiday Volume
John D. Boyd |
Major U.S. railroads reported stronger traffic over the July 4 holiday period than over the Memorial Day week, and had the lowest decline in year-over-year numbers since March.
Rail News
Louisiana Gives Tax Credits to Use State Ports
Marcy Behrmann Frank |
New legislation will give Louisiana importers and exporters a $5 per-ton tax credit on breakbulk or containerized cargo on oceangoing vessels through a Louisiana public port authority.
Maritime
Forwarding
Maersk Sets Fee, Start Date for Chassis Pool
Peter T. Leach |
Maersk Line plans to launch its new chassis pool arrangement throughout the Northeast on Monday, Aug. 3.
Trucking News
Japanese Air Cargo Slump Eases
Hisane Masaki |
Japan’s two largest airlines saw their international cargo volume continue to fall in May on a year-on-year basis, but the slump in the two airlines’ international cargo operations is easing as they b
Air Cargo
Air Cargo Carriers News
Canada-U.S. Trucking Sees Bad First-Half
Courtney Tower |
Cross-border trucking over the Ambassador Bridge connecting Detroit to Windsor, Ontario, the busiest commercial connection between the United States and Canada, fell by nearly a third in the first hal
Trucking News
Port of NY/NJ Gets Green Grants
Marcy Behrmann Frank |
The Port of New York and New Jersey on Thursday was awarded three grants totaling nearly $11 million to implement clean air programs at the port.
Maritime
FMC Nominee Pledges to Cooperate With Industry
R.G. Edmonson |
Richard A.
Transport, Trade and Regulation News
Evergreen to Assist Greenhouse Gas Monitoring
Marcy Behrmann Frank |
An Evergreen Marine container ship set sail last week as part of an ambitious project to measure and monitor the distribution of greenhouse gases in the Pacific Ocean.
Maritime
Analysts Dismiss Trans-Pacific Carriers' Rate Plea
Bill Mongelluzzo |
Carriers under economic distress are appealing to the mercy of shippers, but it's not having the desired effect.
Maritime
Container lines
Forwarding
Chile's CSAV Raises New Equity
Peter T. Leach |
Chilean carrier CSAV said it has raised $145 million of new capital, most of it in the form of new equity from existing shareholders.
Maritime
Container lines
Forwarding
Maersk Revises Northern Europe-Mediterranean Loop
Peter T. Leach |
Maersk Line said July 9 it will revise the port coverage and rotation of its Euromed service between Northern Europe and the Eastern Mediterranean as of July 20 and add a new feeder service to increas
Maritime
Forwarding
Asia-Australia Discussion Agreement to Hike Rates
JOC Staff |
Members of the Asia-Australia Discussion Agreement will implement a rate increase as part of a rate restoration program for the trade moving from China and Hong Kong to Australia.
Maritime
Forwarding
'Brutal' Cargo Market Hammers Air France-KLM
Bruce Barnard |
The head of Air France-KLM said Thursday that Europe’s biggest airline is mulling part-time jobs or temporary layoffs to combat the “brutal” situation in cargo and passenger air demand.
Air Cargo
Air Cargo Carriers News
Pirates Capture Turkish Cargo Ship Off Somalia
The Journal of Commerce Staff |
Pirates on Wednesday seized a Turkish cargo ship and its 23 member crew off the coast of Somalia, a spokesman for the company which owns the ship said.
Maritime
G-8 Calls for Cuts in Greenhouse Emissions
Alan M. Field |
Leaders of the Group of Eight countries pledged Wednesday to seek huge cuts in their greenhouse gas emissions.
Transport, Trade and Regulation News
Kuehne + Nagel Opens Office in Chongqing, China
JOC Staff |
Kuehne + Nagel, one of the world’s largest providers of logistics services, has opened a new branch office in Chongqing, its 39th location in China.
Transport, Trade and Regulation News
Teamsters, YRC Reach Tentative Agreement
JOC Staff |
Updated 12:43 p.m.
Trucking News
LTL
Trucking labor
EXL acquires Schneider Logistics' operations in Czech Republic
JOC Staff |
EXL Service will take over the operations of European logistics provider Schneider Logistics in the Czech Republic.
Transport, Trade and Regulation News
Lufthansa Cargo Freight Falls in June
Bruce Barnard |
Lufthansa Cargo’s freight traffic fell 14.1 percent in June from a year ago, led by an even bigger slump on routes to North and South America as the global recession continued to impact Europe’s secon
Air Cargo Carriers News
iSuppli Reduces 2009 Semiconductor, Electronics Forecasts
JOC Staff |
Amid lingering economic woes and continuing poor visibility into future demand trends, iSuppli Corp. is reducing its forecasts for global semiconductor and electronic equipment revenue in 2009.
Transport, Trade and Regulation News
IMF Sees Slow Global Recovery
JOC Staff |
The global economy is starting to pull out recession but recovery will be sluggish and government policies need to remain supportive, the International Monetary Fund said on Wednesday.
Transport, Trade and Regulation News
Diesel Prices Dip Again
JOC Staff |
Average nationwide diesel prices fell for the second consecutive week in early July after a two-month surge sent the fuel price to its highest level of the year.
Transport, Trade and Regulation News
Zim to Set Peak-Season Surcharge
JOC Staff |
Zim Integrated Shipping Services announced plans to implement a peak-season surcharge on the Asia-Mediterranean-Europe trade, effective Aug. 1 through Oct. 31.
Maritime
Container lines
Forwarding
Lufthansa to Launch Freighter to Guadalajara
Bruce Barnard |
Lufthansa Cargo, Europe’s second largest cargo airline, said it will launch a weekly freighter service to Guadalajara, Mexico, on July 22.
Air Cargo
Air Cargo Carriers News
Hapag-Lloyd Shareholders Agree to Aid Package
Bruce Barnard |
The shareholders of Hapag-Lloyd on Wednesday agreed to provide financial help to the German ocean carrier struggling to survive the slump in container shipping.
Maritime
Container lines
Forwarding
Spanish-Italian Consortium Is Low Bidder for Canal Project
Chris Brooks |
A consortium led by Spanish firm Sacyr and Italy’s Impregilo submitted the lowest bid on a contract for the largest portion of the Panama Canal’s $5.25 billion expansion project, the Panama Canal Auth
Maritime
Forwarding
DHL Launches Direct LCL Services
Hisane Masaki |
DHL launched weekly direct less-than-container-load services connecting Bangkok to Los Angeles, Hamburg and Tokyo, the carrier said Wednesday.
Air Cargo
DOT Pushes Stimulus Out Faster
John D. Boyd |
The Department of Transportation sharply escalated its stimulus payouts in the week ending June 26, to a total of $442 million from $370 million a week earlier.
Transport, Trade and Regulation News
St. Lawrence Seaway Slump Continues
Courtney Tower |
Freight traffic on the St. Lawrence Seaway slumped nearly 36 percent in the first third of the navigation season.
Maritime
Forwarding
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