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Platts Containers Update
Non-buyer's market
Bill Mongelluzzo / The JOURNAL of COMMERCE |
Confidence is selling at a deep discount among retailers. They're desperate for their sales to pick
New proposal could keep Maersk in Charleston
The JOURNAL of COMMERCE ONLINE |
The South Carolina State Ports Authority, International Longshoremen's Association and APM Terminals
Maritime
Hanjin Shipping to develop Vietnam box terminal
The JOURNAL of COMMERCE ONLINE |
Hanjin Shipping Co. today announced plans to develop and operate its first container terminal in Vie
Maritime
Maersk warns on 2008 profit
Bruce Barnard / The JOURNAL of COMMERCE ONLINE |
On Thursday A.P. Moller-Maersk cut its full-year 2008 profit forecast by $600-900 million due mainly
Maritime
Baltic Index Rises
Thomas L. Gallagher |
The Baltic Dry Index gained 73 percent on Feb. 3 as demand increased for iron ore and credit eased f
Maritime
Maersk Adds Wilmington Call
William Armbruster |
Maersk Line announced that it will begin weekly vessel calls next month at the Port of Wilmington, N
Maritime
Manufacturers Warn Against Protectionism
Peter T. Leach |
NEW YORK -- The Obama administration must make every effort to ensure that the government works for
Transport, Trade and Regulation News
US trade off at Japan ports
The JOURNAL of COMMERCE ONLINE |
The Port of Nagoya in central Japan handled 234,364 TEUs in foreign trade in October, down 1.3 perce
Maritime
ATSG Names Finance Advisor to Board
Thomas L. Gallagher |
Air Transport Services Group elected J. Christopher Teets to its Board of Directors. Teets i
Air Cargo
NAM veep urges Obama to fight protectionism
Peter T. Leach / The JOURNAL of COMMERCE ONLINE |
NEW YORK -- The Obama administration must make every effort to ensure that the government works for
Transport, Trade and Regulation News
Weaker boxes sink Matson
Bill DiBenedetto / The JOURNAL of COMMERCE ONLINE |
Matson Navigation Co. reported fourth-quarter operating profit declined 30 percent to $21.1 million,
Maritime
Senator Lines to shut down
Bruce Barnard / The JOURNAL of COMMERCE ONLINE |
Senator Lines of Germany today announced it will wind down its liner services with immediate effect
Maritime
UP Settles Discrimination Suit
Thomas L. Gallagher |
Union Pacific Railroad agreed to settle a sex discrimination lawsuit brought by the U.S. Equal Emplo
Rail News
Ryder revenue declines
Bill DiBenedetto / The JOURNAL of COMMERCE ONLINE |
Ryder System, the transportation and supply chain services company, reported that fourth-quarter net
Transport, Trade and Regulation News
Alexander & Baldwin Profit Slips
Thomas L. Gallagher |
Profits from commercial real estate and maritime transportation declined in the fourth quarter, but
Maritime
DOT Team to Manage Stimulus Money
Thomas L. Gallagher |
U.S. Transportation Secretary Ray LaHood put together a special team within his Department to coordi
Transport, Trade and Regulation News
Boxes up 7.5% at Nehru
The JOURNAL of COMMERCE ONLINE |
Container throughput at the Port of Jawaharlal Nehru, India's largest box gateway, grew by 7.5 perce
Maritime
NCA to Return to New York
Thomas L. Gallagher |
Nippon Cargo Airlines is coming back to New York's JFK airport. NCA will be the only airline
Air Cargo
Ryder Profit Plunges
Thomas L. Gallagher |
Ryder profit plunged 85 percent in the fourth quarter as a restructuring charge took a big bite out
Trucking News
Fraport Sells Germany's Hahn Airport
Bruce Barnard |
Fraport AG has sold Frankfurt-Hahn, one of Germany's leading all-cargo airports, for the equivalent
Air Cargo
Maersk ups Euro-Asia rates
The JOURNAL of COMMERCE ONLINE |
Maersk Line announced general freight rate increases on containers shipped from Europe to Asia, sayi
Maritime
Weaker Boxes Sink Matson
Bill DiBenedetto |
Matson Navigation Co. reported fourth-quarter operating profit declined 30 percent to $21.1 million,
Maritime
Galveston Revenue Falls
JOC Staff |
The Port of Galveston reported revenue fell 2.4 percent to $20.8 million in 2008 from a record $21.3
Maritime
Senator Lines to Shut Down
Bruce Barnard |
Senator Lines of Germany today announced it will wind down its liner services with immediate effect
Maritime
Service Industry Gauge Improves
John D. Boyd |
Supply chain executives from the service sector think their industry contraction lost some of its pu
Transport, Trade and Regulation News
NYK resuming NY flights
The JOURNAL of COMMERCE ONLINE |
Nippon Cargo Airlines, a subsidiary of Japan's NYK Line, announced plans to resume suspended flights
Air Cargo
Maersk Hikes Euro-Asia Rates
JOC Staff |
Maersk Line announced general freight rate increases on containers shipped from Europe to Asia, sayi
Maritime
Express-1 Acquires First Class Expediting
Thomas L. Gallagher |
Express-1 purchased the assets of First Class Expediting Services, of Rochester Hills, Mich.
Air Cargo
Maersk adds Wilmington call
The JOURNAL of COMMERCE ONLINE |
Maersk Line announced that it will begin weekly vessel calls next month at the Port of Wilmington, N
Maritime
Fraport sells Germany's Hahn airport for...$1.30
The JOURNAL of COMMERCE ONLINE |
Fraport AG has sold Frankfurt-Hahn, one of Germany
Air Cargo
Idle Fleet Hits 800K TEUs
Bruce Barnard |
Idled ocean container capacity has reached a record 800,000 TEUs with 303 ships at anchor as carrier
Maritime
APHIS extends phase-in for Lacey Act enforcement
The JOURNAL of COMMERCE ONLINE |
WASHINGTON -- The Animal and Plant Health Inspection Service has extended the phased-in enforcement
Transport, Trade and Regulation News
Arcade pulls box ship deal
barnard |
Arcade Acquisition Corp. has pulled a deal to buy 10 feeder container ships from Greek owners, citin
Maritime
Airlines Applaud Biofuel Research
Thomas L. Gallagher |
The U.S. Departments of Energy and Agriculture on Feb. 2 announced they will jointly release up to $
Transport, Trade and Regulation News
Galveston revenue off
The JOURNAL of COMMERCE ONLINE |
The Port of Galveston reported revenue fell 2.4 percent to $20.8 million in 2008 from a record $21.3
Maritime
Covenant Loses $40M
John D. Boyd |
Covenant Transportation Group lost $40 million in the fourth quarter as a result of the weak economy
Trucking News
Watco Moves on Grand Elk RR
John D. Boyd |
Short line operator Watco got an early start on its Grand Elk Railroad project in Michigan, after th
Rail News
ANA Cargo Revenue Jumps
Hisane Masaki |
All Nippon Airways Co.'s group revenue from its international cargo operations increased 9.8 percent
Air Cargo
Cummins Profit Tumbles
Thomas L. Gallagher |
A sharp drop in demand in the fourth quarter slashed revenue and net income for truck engine maker C
Trucking News
VPA Expands Green Trucks Program
Thomas L. Gallagher |
Virginia Port Authority will expand its clean trucks program in 2009 and 2010 with the help of funds
Maritime
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