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Platts Containers Update
EU relaxes state port aid rules
Bruce Barnard, Special Correspondent |
The decision will facilitate infrastructure investment.
Transport, Trade and Regulation News
Air Cargo
China-Europe rail via Mongolia offers transit, cost savings
Eugene Gerden, Russia Special Correspondent |
RZD is introducing new rail services between China and Europe via Mongolia.
International rail
Radical shift in Asia sourcing pressures factories
Greg Knowler, Senior Editor Europe |
Set up to serve foreign companies, Asian factories are trying to re-engineer themselves to cope with shrinking orders and increasing regional demand.
Supply chain
NY-NJ, container lines seek OK to discuss per-container charge
Hugh R. Morley, Senior Editor |
New York-New Jersey port officials and the major container lines are trying again to convince US federal maritime regulators to allow them to discuss a contentious per-container charge.
North American ports
Asian imports drift to US East, Gulf coasts
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
The growth of these ports is coming at the expense of the two largest US gateways.
North American ports
Largest ship at Santos heralds north-south cascade
Rob Ward, Brazil Special Correspondent |
Although vessels of more than 9,000 TEU have called at Santos, they have not been as long as the Hyundai Loyalty.
International ports
Slideshow: Fastest-growing North American ports in 2016
Dustin Braden, Shipper Relationship Manager |
Nearly half of the fastest-growing North American ports were outside the United States.
North American ports
Finnlines maintains record-setting earnings momentum
Bruce Barnard, Special Correspondent |
Finnlines’ extended its four-year run of record results.
Container lines
Breakbulk News
Bondholder drops challenge to Rickmers Maritime fleet sale
Bruce Barnard, Special Correspondent |
Rickmers urged all creditors to abstain from actions that may jeopardize or delay the orderly wind-up of the trust.
Breakbulk carriers
JD.com ramps up use of China-Europe rail
Greg Knowler, Senior Editor Europe |
Rising China-Europe rail volume was reported by China's largest online retailer in the first quarter.
Maritime
Rising volume, rates lift profit at Transport Corp. of India
India Special Correspondent |
TCI’s fiscal year 2016 to 2017 consolidated net earnings increased nearly 44 percent.
Trucking News
Industry says Hong Kong bridge draft hurting mega-ship clearance
Turloch Mooney, Senior Editor, Global Ports |
Container shipping stakeholders are pressing the Hong Kong government to adjust the air draft clearance restriction of an iconic Hong Kong suspension bridge.
International ports
Container lines
Two-day strike disrupts Brazilian ports
Rob Ward, Brazil Special Correspondent |
Shippers in Brazil are facing cargo delays at all the main ports Tuesday and Wednesday.
International ports
Shippers could face delays from KCS track work
Reynolds Hutchins, Associate Editor |
The railway said it will do everything in its power to minimize impact to customers.
North-American rail
LA, GE launch ‘smart’ terminal to better handle surges
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
The pilot project includes some of the biggest stakeholders at the largest US port.
Logistics Technology News
North American ports
Rising market fails to lift stocks of Japanese carriers
Tomoo Yatsuhashi, Japan Special Correspondent |
Share prices of Japan’s top three shipping firms are languishing.
Container lines
LA-LB truck turn times stable amid new alliances
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
In recent weeks some terminals have been struggling to handle a surge in new business.
North American ports
Trucking News
Drayage
ILA leader sees no ‘hiccup’ on longshore negotiations
Joseph Bonney, Senior Editor |
“Bring your cargo, it’s going to be fine.”
Longshore labor
North American ports
Rickmers Maritime fleet sale court case postponed
Bruce Barnard, Special Correspondent |
The court ordered bondholder Peter Kwok Kian Tow and Rickmers Maritime to exchange affidavits.
Breakbulk carriers
Productivity progress accelerates at India's top port
India Special Correspondent |
Supply chain bottlenecks that have long been a drag on growth at Jawaharlal Nehru Port Trust are rapidly easing.
International ports
Poor rolling stock hampers Russian rail utilization
Eugene Gerden, Russia Special Correspondent |
Outdated and poorly maintained rolling stock is causing Russia’s containerized rail system to operate below capacity.
International rail
Spanish dockworkers to strike again over labor reforms
Bruce Barnard, Special Correspondent |
Spanish dockers have threatened a fresh wave of strikes.
Longshore labor
Transport, Trade and Regulation News
US shipping unit weighs on Sumitomo Warehouse earnings
Tomoo Yatsuhashi, Japan Special Correspondent |
Revenue and profit both sank at Japan’s Sumitomo Warehouse Co.
Logistics Technology News
Container lines
Mexican Pacific coast competition intensifies
Hugh R. Morley, Senior Editor |
The expansion will enable the terminal to add a fourth berth and boost the total terminal area by nearly 30 percent.
Transport, Trade and Regulation News
Werner Enterprises enters last-mile logistics market
William B. Cassidy, Senior Editor, Trucking |
Long-haul truckload operator launches final-mile service using straight trucks, team drivers.
Truckload
Rail-truck pricing fight restrains US domestic intermodal rates
Reynolds Hutchins, Associate Editor |
North American railways and trucking companies are in a bare-knuckle, low-margin fight for domestic intermodal cargo.
North-American rail
Trucking News
Global container trade expands at fastest pace since 2010
Bruce Barnard, Special Correspondent |
"We have seen growth spurts before that have fizzled out and regressed back to the downwards trend soon enough, although admittedly none in recent years have been close to the same magnitude.”
Container lines
Bondholder challenges Rickmers Maritime fleet sale
Bruce Barnard, Special Correspondent |
“The likely outcome of this situation, if not resolved, is liens and vessel arrests.”
Breakbulk carriers
Toll Logistics pushes Japan Post Holdings into the red
Tomoo Yatsuhashi, Japan Special Correspondent |
Weakness in global commodity markets continue to weigh on Toll Logistics.
Logistics Technology News
At Schneider, last-mile acquisitions fuel growth
William B. Cassidy, Senior Editor, Trucking |
The purchase of last-mile logistics businesses in 2016 drove Schneider revenue higher despite a soft truckload market.
Truckload
Truck brokers
NY-NJ port honing navigation for ships up to 18,000-TEU
Hugh R. Morley, Senior Editor |
Recommendations highlight the unique requirements of mega-ships and the complexity of bringing them to berth.
North American ports
Container lines
Ethiopia gains access to Berbera Port
Turloch Mooney, Senior Editor, Global Ports |
DP World said investment in the port could reach $442 million.
Marine terminals
Maersk: Fundamentals in place for 2017 market revival
Greg Knowler, Senior Editor Europe |
With the loss-making first quarter out of the way, Maersk Line expects the recovering market to drive up profitability for the rest of the year.
Container lines
Indian authorities inch toward agreement to avoid strike
India Special Correspondent |
Indian authorities and labor federations are inching toward an agreement that would avert threatened work stoppages.
Longshore labor
Evergreen swings to profit on higher rates, volume
Greg Knowler, Senior Editor Europe |
Taiwan’s top three carriers — Evergreen Marine Corp., Wan Hai Lines, and Yang Ming — have posted their first-quarter financial results.
Container lines
Polymer packers scramble ahead of US resin export surge
Gregory DL Morris and Joseph Bonney |
US Gulf ports are angling for a share of the increased exports, and shippers of cotton and other commodities worry resins will absorb limited container and ship capacity.
North American ports
US Gulf ports building on growing container traffic
JOC Staff |
New Panama Canal services from Asia are helping to fuel steady growth in Gulf ports’ single-digit share of US containerized imports.
North American ports
PierPass hiring consultant to aid program restructuring
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
The industry is mulling two ways to make the extended-gates program at the Los Angeles-Long Beach port complex more effective.
North American ports
With next-day delivery, Flexe thinks outside the big box
William B. Cassidy, Senior Editor, Trucking |
Flexe's virtual next-day delivery network helps the "Airbnb of warehousing" deliver e-commerce fulfillment for shippers.
Logistics Technology News
Trucking News
Trans-Pac spot rates fall for second straight week
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
The commercial and operational environment in the largest US trade lane is unsettled right now due to new service contracts taking effect on May 1.
Container lines
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