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DP World in Joint Venture with Flinders
Peter T. Leach |
Australia’s Flinders Ports and Dubai-based DP World agreed to a joint venture arrangement for the operation of DP World's terminal in Port Adelaide.
Maritime
Quality Distribution Reduced Losses
Thomas L. Gallagher |
Bulk carrier Quality Distribution reduced its losses in the first quarter as it restructured to meet lower demand and reduced its debt to decrease interest payments.
Trucking News
Oberstar Cheers Plan for Rail Spending
John D. Boyd |
The key lawmaker for transportation policies in the House of Representatives lauded President Obama’s budget plan for its unprecedented spending requests for passenger rail systems.
Rail News
Nippon Express Profit Tumbles
Hisane Masaki |
Nippon Express, Japan's largest freight forwarder, said on Friday that it suffered declines in both sales and profit in fiscal 2008, which ended on March 31.
Air Cargo
Port Montreal Terminal Plans Move Forward
Courtney Tower |
The Port of Montreal is going ahead now with preparations for a new container terminal of 510,000 TEUs annual capacity, but actual construction may await recovery signs from the shipping slowdown.
Maritime
DOT Budget Climbs to $73.3 Billion for 2010
John Gallagher |
The Obama administration has budgeted $73.3 billion for the U.S. Department of Transportation in 2010.
Transport, Trade and Regulation News
International Shipholding Names EVP
JOC Staff |
International Shipholding Corporation promoted Peter M. Johnston to executive vice president of the company.
Rail Traffic Fell Sharply in April
John D. Boyd |
With all the talk about the economy starting to find a bottom to its steep downturn, large railroads are still seeing declines so large that a key industry official is sounding a warning.
Rail News
North-American rail
Chinese Port Investments Go on Hold
Peter T. Leach |
Singapore’s PSA International and Hong Kong’s Modern Terminals have decided to put on hold their multi-million dollar investment plans in container terminal projects in eastern China as th
Maritime
American Railcar Industries Net Falls 73 Percent
John D. Boyd |
A 73 percent drop in first quarter net income and 15 percent revenue slide still left rail equipment maker American Railcar Industries with $261 million in cash.
Rail News
i2 Restructures to Meet Lower Demand
Thomas L. Gallagher |
Supply chain software provider i2 Technologies matched reduced revenue in the first quarter by slashing costs and restructuring.
Transport, Trade and Regulation News
HOT Lanes to Deliver $3.5 Billion in Virginia
JOC Staff |
A 14-mile stretch of High Occupancy Toll lanes will generate billions of dollars in economic activity for the Washington area long before the first toll is collected.
Transport, Trade and Regulation News
Expeditors Profit Falls, Margin Improves
JOC Staff |
Expeditors International said its net profit fell 11 percent to $59.3 million in the first quarter as the global forwarder saw its total revenue fall 30 percent to its lowest level in four years.
Air Cargo
Finnlines Losses Grow
Bruce Barnard |
Finnlines fell deeper into the red in the first quarter of 2009 amid slumping cargo volumes and growing overcapacity on its key Baltic and North Sea liner routes.
Maritime
Forwarding
Canada Challenges COOL
Courtney Tower |
OTTAWA — Canada took the first step Thursday in challenging the United States before the World Trade Organization on its COOL food labeling legislation said to cost Canada hundreds of millions o
Transport, Trade and Regulation News
Box Imports Declined 15 Percent in March
Thomas L. Gallagher |
Import cargo at the nation’s major retail container ports fell 15 percent in March, compared to year-earlier numbers.
Maritime
Forwarding
EU and U.S. to Discuss Doha Round Revival
Alan Field |
European Trade Commissioner Catherine Ashton said today she will discuss the long-running Doha round of WTO-sponsored trade talks for the first time with United States Trade Representative Ron Kirk on
Transport, Trade and Regulation News
NITL Backs Bigger Truck Size, Weight
John Gallagher |
The National Industrial Transportation League “strongly” opposes attempts to cap federal size and weight limits on heavy trucks and will support raising those limits to 97,000 pounds.
Trucking News
LTL
Pacer Intermodal Fell 32 Percent
John D. Boyd |
Pacer International’s main business line, its intermodal segment, lost $129 million in sales or 32 percent in the first quarter as it led the company toward a $177 million net loss.
Rail News
UPS Elects Board
Thomas L. Gallagher |
UPS shareholders on May 7 elected a 10-member board of directors.
Air Cargo
Air Cargo Forwarder News
Forwarder Group Joins Airline Board
JOC Staff |
The airline industry’s main cargo group in North America is reaching out to freight forwarders by giving that industry a seat on the Cargo Network Services board.
Air Cargo
Committee Pushes Modernization at Customs
R.G. Edmonson |
Regulator and regulated would take a step closer to partnership if Customs and Border Protection adopts principles endorsed by the Advisory Committee on Commercial Operations at its quarterly meeting
Transport, Trade and Regulation News
EPA Launches Web Portal for Retailers
Alan Field |
The Environmental Protection Agency (EPA) has launched a Web portal that will provide retailers with a central clearinghouse for information regarding environmental sustainability and compliance, the
Transport, Trade and Regulation News
Wilh. Wilhelmsen Profit, Revenue Fall Sharply
Bruce Barnard |
Norway’s Wilh.
Maritime
Forwarding
Pacer Loses $177 Million
John D. Boyd |
Forced to take a large write-down of “goodwill” as business weakened, intermodal provider Pacer International posted a net loss of $177.4 million for the first quarter and warned it might
Rail News
LTL
Truck brokers
National Launches Afghanistan Flights
Marcy Frank |
Forwarder National Air Cargo is using its airline subsidiary to launch direct flights with construction materials from the United States to Afghanistan to supply the U.S. military.
Air Cargo
Air Cargo Carriers News
TransGroup Expands with Arizona Center
Thomas L. Gallagher |
TransGroup Worldwide Logistics is expanding its North American footprint with the opening of its Nogales, Ariz. logistics center.
Transport, Trade and Regulation News
Big Rails Cut 2,000 More Jobs
John D. Boyd |
Scratch another 2,000 jobs, the Class I railroads told the Surface Transportation Board.
Rail News
North-American rail
Frozen Food Express Loses $6.1M
John Gallagher |
Frozen Food Express Industries lost $6.1 million in the first quarter despite moves to cut costs in the difficult trucking environment.
Trucking News
National Retail Systems Opens Distribution Center
Bill Mongelluzzo |
National Retail Systems opened a 15-acre distribution center in Compton, Calif., to serve retailers and manufacturers who ship through the ports of Los Angeles and Long Beach.
Transport, Trade and Regulation News
Gal-Tex Pilots File for Rate Increase
Janet Nodar |
The Gal-Tex ship pilots have filed for a multi-year rate increase that begins with an eight percent increase on June 1, an eight percent increase the following year, and seven percent increases over e
Maritime
Port of Galveston to Get $40M in Stimulus
Janet Nodar |
In a boost that will help Galveston continue to rebound from last fall’s devastating Hurricane Ike and reach a new channel depth of 45 feet, the American Recovery and Reinvestment Act, or stimul
Maritime
Transfennica Returns to Jacksonville
Janet Nodar |
Transfennica's combination "Trafexpress" container/roll-on, roll-off vessel Timca called the Port of Jacksonville this week and discharged about 6,000 tons of breakbulk Scandinavian paper an
Maritime
Forwarding
Truck Orders Fall in April
John Gallagher |
Heavy truck orders for major North American manufacturers in April were down 9 percent from March and 57 percent from April 2008 with no improvement in sight, according to data compiled by FTR Associa
Trucking News
USPS Loses $1.9 Billion
Thomas L. Gallagher |
The U.S. Postal Service lost $1.9 billion in the quarter ending March 31.
Air Cargo
Air Cargo Forwarder News
Charter Rates Plumb New Lows
Bruce Barnard |
Container ship charter rates plunged to historic lows and are set for further steep falls in the coming weeks as ocean carriers prepare to return scores of hired vessels to their owners in a bid to sh
Maritime
Container lines
Forwarding
Pirates Seize German Cargo Ship, Again
Peter T. Leach |
Somali pirates hijacked the MV Victoria Tuesday afternoon off the southern coast of Yemen for the second time in a year.
Maritime
Container lines
Forwarding
Pacer Shifts Execs in Restructuring
John D. Boyd |
Intermodal and logistics firm Pacer International is promoting several executives and changing its management design, in the first phase of a restructuring that Pacer said aims to cut costs, boost com
Rail News
NITL Backs New Maritime Liability Rules
JOC Staff |
The nation’s largest shipper organization is backing a new standard for cargo liability in international transport that would supersede current U.S. maritime cargo liability law.
Maritime
Deutsche Post DHL Profit Plunged 95 Percent
Bruce Barnard |
Germany's Deutsche Post DHL reported first quarter operating profit crashed 95 percent from a year ago mainly due to the cost of shuttering its U.S. domestic express delivery service.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Forwarding
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