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Platts Containers Update
Reddaway Launches Four-level Guarantee
Thomas L. Gallagher |
Reddaway, a subsidiary of YRC Worldwide in the western United States and Canada, this week launched a four-level Guaranteed Window Delivery service.
Trucking News
LTL
Hanjin to Launch Haiphong Express Service
Thomas L. Gallagher |
Hanjin Shipping will launch a direct service between Busan, Korea, Shanghai, China and Haiphong, Vietnam starting from the beginning of June.
Maritime
House Panel Updates Recovery Spending
John D. Boyd |
Recovery Act spending launched 545 highway and transit projects worth $2.1 billion by the end of April, the House Transportation & Infrastructure Committee said, which was about twice the level at
Transport, Trade and Regulation News
Small European Nations to Trade with Russia
Alan Field |
A group of four small western European countries is seeking a free-trade agreement with Russia and other eastern European nations.
Transport, Trade and Regulation News
Bill Bars State TWIC Alternatives
R.G. Edmonson |
States would be effectively barred from launching their own port access identification card programs by an amendment to the $7.6 billion Transportation Security Administration 2010 budget authorizatio
Transport, Trade and Regulation News
CO2 Emissions Drop Sharply
Thomas L. Gallagher |
Take a deep breath of that Spring air. It’s a lot cleaner than it was last year.
Transport, Trade and Regulation News
Labor, Airlines Look to Babbitt
JOC Staff |
Airlines and labor unions alike are hoping new Federal Aviation Administrator Randy Babbitt can bring new energy to an agency that has been losing altitude.
Transport, Trade and Regulation News
Air Cargo
Global Economic Contraction Slows
Alan Field |
The contraction in the global economy seems to be slowing, said Angel Gurria, head of the Organization for Economic Development and Cooperation, in a speech May 22.
Transport, Trade and Regulation News
Legislation Would Ban Federal Highway Tolls
R.G. Edmonson |
The public-private partnership concept could be dealt a blow if Congress approves a bill filed Thursday that would prohibit states, private ventures, or public-private combinations from imposing tolls
Transport, Trade and Regulation News
STB Rated Best Small Federal Workplace
R.G. Edmonson |
The Surface Transportation Board is the best small agency to work for in the federal government according to the Partnership for Public Service and American University's Institute for the Study of Pub
Transport, Trade and Regulation News
DOT Officials Confirmed in Senate Flurry
John D. Boyd |
In a burst of sudden activity before lawmakers head out of town for a Memorial Day recess, the Senate filled several important transportation posts for the Obama administration.
Transport, Trade and Regulation News
Trinity Cuts Barge Work Force
John D. Boyd |
While the drop in rail traffic has long cut into demand for new railcars, diversified equipment makers like Trinity Industries were able to keep up their barge building.
Maritime
British Airways Tumbles to Record Loss
Bruce Barnard |
London -- British Airways crashed to a record pre-tax loss of $630 million in fiscal 2008/2009 from a record profit of $1.45 billion in the previous year.
Air Cargo
Navies Team Up to Catch Pirates
Peter T. Leach |
Helicopters from two nations thwarted an attack Friday by pirates in the Gulf of Aden. A U.S.
Maritime
Container lines
Rail Traffic Hits Year's Low
John D. Boyd |
Despite some lift from intermodal volume, major U.S. railroads by two important measures had their worst week so far this year.
Rail News
North-American rail
Obama Budget Provides $28.5M for Craney Island
Peter T. Leach |
A planned new container terminal in Portsmouth would get $28.5 million in federal funds under the Obama administration’s announced budget for the next year.
Maritime
Leading Economic Index Jumps 1 Percent
Thomas L. Gallagher |
An early indicator of the direction of the general economy gave its first positive sign in seven months as the Conference Board Leading Economic Index for the U.S. increased 1 percent in April.
Transport, Trade and Regulation News
Transportation Stimulus Spending Nears $13B
John D. Boyd |
“As of this week, we’ve made nearly $13 billion available” in Recovery Act funds for infrastructure projects around the country, Transportation Secretary Ray LaHood said.
Transport, Trade and Regulation News
No Gas Tax Hike, Says LaHood
John D. Boyd |
The Obama administration does not favor raising the federal tax on motor vehicle fuels as a way to bolster highway spending accounts, said Transportation Secretary Ray LaHood.
Transport, Trade and Regulation News
LTL
North-American rail
Emirates Profit Dives 72 Percent
Thomas L. Gallagher |
Emirates airline’s parent company said its profit slid 72 percent in the year ending March 31 as the global downturn hit even the financially strong Middle East carrier.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Texas Allows Overweight Trucks
Janet Nodar |
Texas Governor Rick Perry signed legislation that will permanently allow trucks to transport overweight freight between the Port of Brownsville and Mexico.
Transport, Trade and Regulation News
Forwarding
Maersk Hikes Rates, Surcharges
JOC Staff |
Maersk Line will implement a general rate increase for cargo moving on its services from India to Europe. Effective June 1, the increase will be $100 per container for dry cargo.
Maritime
Container lines
Former CSX Hotel Out of Bankruptcy
John D. Boyd |
The Greenbrier, a West Virginia resort hotel that until May 6 was a money-losing drag on CSX Corp.’s railroad focus, is now cleared by a bankruptcy court for its new owners to try to revive it a
Rail News
North-American rail
Drewry Calls Dry Bulk Recovery Temporary
Peter T. Leach |
Drewry Shipping Consultants is warning against a false dawn in the dry bulk shipping sector.
Maritime
Container lines
Forwarding
Port of Houston to Invest in Infrastructure
Janet Nodar |
The Port of Houston Authority’s Port Commission approved spending more than $16 million on cranes and is seeking bids for construction at the Bayport Container Terminal.
Maritime
Crowley Launches Heavy Lift Deck Barge
Janet Nodar |
Crowley Maritime recently christened and launched its latest delivery, a heavy lift deck barge, at Gunderson Marine Shipyard in Portland, Oregon.
Maritime
Railroads Say Agriculture to Lead Recovery
Marcy Behrmann Frank |
Representatives of Canadian National Railway, CSX Corp. and Norfolk Southern Railway say they expect agricultural products to be the first to bounce back after the recession.
Rail News
North-American rail
Asian Box Stocks Rated “Buy”
Peter T. Leach |
Some investment analysts think the ocean shipping industry may be reaching the bottom of its downturn and have started recommending Asian shipping stocks.
Maritime
Container lines
Forwarding
Port of Tacoma Cuts 47 Staff Jobs
Bill Mongelluzzo |
The Port of Tacoma is eliminating 18 percent of its staff positions, citing what port executives believe will be a lengthy recovery period from the current slump in international trade.
Maritime
Rail Shippers’ Lobby Geared Up
John D. Boyd |
June could be a key time for Congress to act on rail antitrust legislation and perhaps on changes in how economic regulations enforce competition among carriers, said a top official for an activist ra
Transport, Trade and Regulation News
North-American rail
Porcari, Babbitt Clear Senate Panel
John D. Boyd |
The Senate Commerce, Science and Transportation Committee voted to send to the full Senate for confirmation the president’s nominees for deputy transportation secretary and head of the Federal A
Transport, Trade and Regulation News
Lawmakers Demand Armed Security on U.S. Ships
R.G. Edmonson |
House members, fed up with Defense Department unwillingness to put military personnel on U.S.
Transport, Trade and Regulation News
FedEx Upgrades Cold Chain Shipping
Thomas L. Gallagher |
FedEx Express agreed to use a cold chain system provided by CryoPort Systems for frozen shipments for the life science industry.
Air Cargo
Air Cargo Forwarder News
Rails to Congress: Step Back on Antitrust
John D. Boyd |
Please step away from the antitrust bill, the Association of American Railroads is urging Congress, as the nation’s top freight rail lobbying group calls for a national rail policy review rather
Rail News
North-American rail
Clean Diesel Proponents Visit Capitol Hill
John Gallagher |
While lawmakers wrestled over how alternative energy should shape the nation’s overall energy policy yesterday on Capitol Hill, supporters of more traditional fuel sources were determined not to
Trucking News
World Trade Volume Falls 11.3 Percent
Alan Field |
World trade volume during the first quarter of 2009 fell 11.3 percent below the fourth quarter of 2008, according to an independent research institute.
Transport, Trade and Regulation News
Delta, Air France-KLM Launch Joint Venture
Bruce Barnard |
Delta Airlines and Air France-KLM on May 20 launched a trans-Atlantic joint venture they expect to generate annual revenue of more than $12 billion serving more than 400 destinations in Europe and Nor
Air Cargo
Air Cargo Forwarder News
Air France-KLM Cargo Loses $284 Million
Bruce Barnard |
Air France-KLM, Europe’s biggest airline by revenue, reported its cargo business plunged to a $284 million loss in fiscal 2008/2009 from a $53.4 million profit in the previous year amid slumping
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
BNSF Tests GE Locomotives
John D. Boyd |
BNSF Railway is putting 25 new-generation locomotives to work in its fleet, using a fresh model from GE Transportation that aims for a type of medium-duty power market in linehaul train moves.
Rail News
North-American rail
Trans-Pacific Spot Rate Hits New Low
Peter T. Leach |
Average spot rates collected by ocean carriers for a 40-foot container from Hong Kong to Los Angeles fell to a new low of $949 this week, down by 53.4 percent from $2,036 a year ago, according to data
Maritime
Container lines
Forwarding
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