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Platts Containers Update
APL Box Volume, Revenue Fall
Peter T. Leach |
APL’s container volume and average revenue fell during the most recent four week reporting period, its parent Neptune Orient Lines said Monday.
Maritime
Container lines
Forwarding
NVOs Spotting the Rates
Peter Tirschwell |
It isn’t every day non-vessel operating common carriers find themselves in such a pivotal position in the eastbound trans-Pacific container trade.
Maritime
Used Truck Pricing Dives
John Gallagher |
Overcapacity in the trucking industry is sending used truck prices plummeting and leasing companies are scrambling to minimize the damage and keep inventory rolling.
Trucking News
Cool Shipping Warms Up
Barry Horowitz |
International trade is an important component of the U.S. economy, especially for those of us living in Oregon and Washington. Exports are of singular importance.
Forwarding
Supply Chain ‘Show time’ for Retailers
Joseph Bonney |
Pity the poor retailer. Consumer confidence is near rock bottom, revenue and profits are down, and each week brings fresh news of store closings and bankruptcies.
Forwarding
Mexican Trucking Hits Traffic
John Gallagher |
Transportation Secretary Ray LaHood is ready to take a new cross-border trucking program to Congress, but the bigger question may be whether Congress is ready for Mexican trucks.
Trucking News
Senators Take Up Transport Policy
R.G. Edmonson |
The Senate Commerce, Science and Transportation Committee is out of the gate in the highway spending debate with a plan that would redirect federal transportation policy.
Transport, Trade and Regulation News
Rates Slide, Contracts Wait
Bill Mongelluzzo |
Dave Akers checks the spot rates for shipping containers from Asia to the U.S. first thing every morning.
Maritime
Forwarding
Transportation Programs on Chopping Block
John Boyd |
The Obama administration’s fiscal 2010 budget proposal includes more than $250 million in transportation spending cuts, but lawmakers and interest groups won’t let the programs go without a fight.
Transport, Trade and Regulation News
Trucking News
Rail News
Teamsters’ Shifting Gears
Bill Mongelluzzo |
Frederick Potter is assuming his new position as director of the Teamsters’ port division with humility and a keen awareness of the magnitude of the task that lies ahead.
Port News
Shippers’ Risky Business
Peter T. Leach |
Even with mounting losses pushing some ocean carriers into perilous financial territory, Pat Moffett doesn’t worry one of his carriers will go belly up and strand his company’s container loads of elec
Maritime
Forwarding
M&A Activity Hits the Skids
JOC Staff |
The global financial crisis has put the brakes on merger and acquisition activity in the global transportation and logistics sector, according to a new report by PricewaterhouseCoopers.
Transport, Trade and Regulation News
Automated trade tools expand as software makers look for growth among cost-cutting companies
Alan M. Field |
The global economy may be moving in reverse but vendors of software that automates trade compliance processes are rolling out new products and services into what they call an expanding market.
Transport, Trade and Regulation News
CN-EJ&E Fight Targets STB Pick
John D. Boyd |
Canadian National Railway got permission last spring to acquire a suburban Chicago short line, closed the deal early this year and is already running a few trains there.
Rail News
Pulling All Stops
John Gallagher |
YRC’s Worldwide’s latest move to avoid exiting the highway for good raises new questions not only about the trucking company’s financial status but also the future of thousands of retired union employ
Trucking News
Railroads’ Labor Pains
John D. Boyd |
Some railroads and unions appear to be planning now for the day when business returns and skilled workers are called back from layoffs.
Rail News
Tacoma Imports Tumble 33 Percent
JOC Staff |
Containerized imports at the Port of Tacoma fell 33 percent in April to the lowest level of the year as exports outweighed imports at the Pacific Northwest port long heavily weighted toward outbound t
Maritime
State Scales Back Truck Rest Stop Closures
John Gallagher |
The Virginia Department of Transportation scaled back its plan to close a group of rest stops in one of the heaviest truck routes in the country in a move the American Trucking Associations says will
Trucking News
LTL
Trucking labor
India’s TCI Profit Fell 28 Percent
JOC Staff |
Net profit for Transport Corp. of India fell 28 percent to $2.4 million in the January-March quarter of fiscal 2008-09 ended March 31.
Transport, Trade and Regulation News
House OKs Bill Easing FedEx Unionization
John Gallagher |
The U.S. House of Representatives passed the Federal Aviation Administration reauthorization bill yesterday, including a provision making it easier for the Teamsters union to organize FedEx.
Air Cargo Forwarder News
NOL to Move to Phoenix
Thomas L. Gallagher |
NOL Group, parent company of ocean carrier APL, selected an office building in Phoenix, Ariz. as the new home for its regional headquarters in the Americas.
Maritime
Container lines
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
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