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Platts Containers Update
Copenhagen Airports Come off CreditWatch
Thomas L. Gallagher |
Standard & Poor's Ratings Services on April 9 affirmed its 'BBB' long-term corporate credit ratings on Denmark-based airport Copenhagen Airports A/S and acquisition vehicle Macquarie Airports Cope
Air Cargo
Hyundai Adds Cranes in Tacoma
Thomas L. Gallagher |
Hyundai Merchant Marine will add two container cranes in May at their Washington United Terminals in Tacoma.
Maritime
Forwarding
Carriers Stick to Routes Despite Pirates
Peter T. Leach |
Two major container carriers said they are maintaining the routing of the big ships that ply the trade lane between Asia and Europe via the Suez Canal during the recent spate of pirate attacks off the
Maritime
Container lines
Brokers Ride a Roller Coaster
John Gallagher |
Truck brokers tapping the $160 billion 3PL market appear to be adjusting to and recovering from overcapacity and scarce freight faster than their customers.
Trucking News
Truck brokers
China Shipping’s Csernica Dies
JOC Staff |
Charles Michael "Chuck" Csernica, Southeast regional sales manager for China Shipping, died April 7 in Mount Pleasant, S.C., after a long illness. He was 50.
Maritime
YRC Seeks Millions in Pension Payment Deferrals
John Gallagher |
YRC Worldwide is looking to defer millions of dollars worth of payments into Teamster union pension funds to help prop up the company’s cash reserves as it struggles to improve its finances in t
Trucking News
LTL
Trucking labor
Mexico Wants Bigger Truck Plan
R.G. Edmonson |
Mexican officials want a cross-border truck program that goes beyond the pilot program that the Bush administration launched in 2007, according to Bloomberg.
Trucking News
Coast Guard to Hold TWIC Reader Public Meeting
R.G. Edmonson |
The Coast Guard will host a public meeting May 6 to receive comments on proposed rules about the use of electronic readers for the Transportation Worker Identification Credential.
Transport, Trade and Regulation News
Short Line Loads Bounce Slightly
John D. Boyd |
A traffic decline of 30.2 percent from the same week last year was actually a bit of good news from the short line railroad industry. Things had been even worse the week before.
Rail News
CKYH Plans More Cooperation
Peter T. Leach |
The four carriers in the CKYH Alliance held their 2009 Summit Meeting in Jeju, Korea on April 9 to discuss joint strategies on how to overcome the current crisis in the shipping industry.
Maritime
Container lines
Tokyo Container Trade Dropped in November
Hisane Masaki |
The number of foreign trade containers handled by the Port of Tokyo fell for the first time in three months in November last year on a year-on-year basis, edging down 1.1 percent to 313,559 TEUs.
Maritime
Forwarding
JAL, ANA Cargo Nosedives
Hisane Masaki |
Japan's two largest airlines saw their international cargo volume continue to nosedive in February amid the deep global economic slump.
Air Cargo
Risky Business
Alan M. Field |
If you're a U.S. exporter, odds are you aren't covered by trade credit insurance. In this age of insolvency, it's a risk that could come back to haunt you.
Transport, Trade and Regulation News
Freight’s Trickle-Down Stimulation
John D. Boyd |
America’s freight sector is getting stimulated.
Transport, Trade and Regulation News
Trucking News
Rail News
Beyond the Economic Horizon
Peter T. Leach |
It’s tough for George Adams, president of SA Recycling in Anaheim, Calif., to see much good about the global trading economy when scrap steel exports are down 30 percent this year.
Transport, Trade and Regulation News
Forwarding
Your Money or Your Life
Peter T. Leach |
The new wave of attacks on ships in the Indian Ocean, most notably this month’s seizure of the U.S.-flag Maersk Alabama, is reverberating across the maritime industry, driving up insurance rates and r
Maritime
Carriers Positioning for Recovery
John Gallagher |
One might think Albert J.
Trucking News
Hard times for ILA
Joe Bonney |
With its contract negotiations on hold and a civil racketeering lawsuit moving slowly, the International Longshoremen’s Association is wrestling with another problem -- a financial crisis that has roi
Longshore labor
Transport, Trade and Regulation News
Con-way Crosses the Atlantic
John Gallagher |
Con-way is reaching across the Atlantic and within its own company in a bid to load more freight and put pressure on the nation’s largest freight and parcel carriers.
Shippers Shift Domestic Loads
John D. Boyd |
Hard times are pushing some shippers to shift the way they build domestic loads, in the process cutting deeply into the use of intermodal truck trailers on trains.
Short-Sea Shortcomings
R.G. Edmonson |
It’s an article of faith among short-sea shipping proponents that waterborne freight transportation can provide an environmentally friendly alternative to overcrowded highways.
Maritime
Vancouver Finds New Leadership
Alan Daniels |
When Robin Silvester left Canada four years ago for a leadership position at P&O Ports, Port Metro Vancouver was in the midst of a surge in business from an Asia export boom that fed the Pacific N
Maritime
Forwarding
Ports, Shippers Breathing Easier
Bill Mongelluzzo |
For the first time since the Environmental Protection Agency in 1999 brought attention to the health risks posed by port pollution, the stars are aligned at the federal, state and local levels to redu
Maritime
Out of the Basement?
Peter T. Leach |
Some believe the housing sector that led the world into the economic slump may help lead the economy to recovery.
Transport, Trade and Regulation News
Forwarding
FERC Talks Up Rail
John D. Boyd |
At the Federal Energy Regulatory Commission, Chairman Jon Wellinghoff has been thinking about freight railroads.
Rail News
North-American rail
Challenges Loom for Electric Ideas
John D. Boyd |
"You at least have to start with a dual locomotive."
Rail News
North-American rail
A Call for New-Era Engines
John D. Boyd |
"It's not a technology leap. It's an incremental move."
Rail News
North-American rail
Midwest Plan Offers Rail Power Potential
John D. Boyd |
"If the needs match up, then it will get done."
Rail News
Former FRA Chief Sees Rail Overhaul
John D. Boyd |
"What he’s really talking about ... is Phase I of the Interstate II idea.”
Rail News
North-American rail
Obama Aide Saw HSR-Freight Links
John D. Boyd |
“I wouldn’t have a problem with the federal government helping the freight railroads invest.”
Rail News
U.S. Navy Frees Ship Captain
Paul Page |
The U.S.
Maritime
Container lines
Porcari Slotted for DOT Deputy
John D. Boyd |
President Obama picked a Maryland official with two tours of experience running that state’s multi-modal transportation department for the second-highest job at the U.S.
Transport, Trade and Regulation News
Small Railroads Key To PG&E Project
John D. Boyd |
Sometimes it takes a whole team of railroads to haul a project cargo.
Rail News
Rotterdam Profit Soars 32 Percent, Port Braces for 2009
Bruce Barnard |
LONDON — The Rotterdam Port Authority’s income rose 32 percent in 2008 from a year ago on higher harbor dues as cargo traffic in Europe’s biggest container port hit an all time high.
Maritime
Forwarding
Anchorage Gets $10 Million From DOD
R.G. Edmonson |
The Port of Anchorage in Alaska received $10 million from the Department of Defense for infrastructure improvements, the U.S. Maritime Administration said April 10.
Transport, Trade and Regulation News
GSA, Customs Announce Border Improvements
R.G. Edmonson |
The General Services Administration and Customs and Border Protection plan to spend $720 million on infrastructure improvements along the U.S. border.
Transport, Trade and Regulation News
Falling Ship Orders Don’t Dent Overcapacity
Bruce Barnard |
LONDON — The containership order book is down to an 18-month-low, but ocean carriers and charter owners face rising overcapacity with shipyards poised to deliver hundreds of big vessels in the n
Maritime
Container lines
Forwarding
Pacific Container Lines Seek Rate Floor
Bill Mongelluzzo |
Hoping to prevent further deterioration in ocean freight rates, shipping lines in the eastbound Pacific are attempting to scrap the spot rates that have crept into service contracts and to establish a
Maritime
Container lines
Forwarding
Long Beach Honors 14 Container Shipping Lines
Bill Mongelluzzo |
The Port of Long Beach honored 14 shipping lines that led the industry in reducing their vessel speed within 20 miles of the coast in order to reduce harmful diesel emissions.
Maritime
Container lines
Forwarding
Maersk Alabama Skipper Tried to Escape
Peter T. Leach |
Capt.
Maritime
Container lines
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