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Trans-Pac spot rates slip awaiting peak season demand
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Spot rates in eastbound Pacific continue single-digit decline.
Container lines
Indian dockworker strike postponed
India Special Correspondent |
If negotiations fail, it would be the second nationwide stoppage at major ports in two years.
Longshore labor
Transport, Trade and Regulation News
US truckload spot rate ramp-up hints at higher contracts
Reynolds Hutchins, Associate Editor |
Modest, sustained, and earlier-than-usual rate increases this spring in the spot market should be a canary in the coal mine for shippers with longer term contracts.
Trucking News
LTL
Trans-Pac bidding drags on absent decided advantage
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Carriers in most cases have kept the rate on the West Coast that they charge their largest customers above $1,000 per feu container.
Container lines
Asia-Europe spot market begins to inch up
Greg Knowler, Senior Editor Europe |
There was only a slight upward movement of spot rates on Asia-Europe, according to the SCFI.
Maritime
FMC's Cordero tapped to lead Long Beach port
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Former Long Beach harbor commissioner and current FMC member will return to Southern California to become executive director of Port of Long Beach.
North American ports
NY-NJ appointment system expanding as turn times contract
Hugh R. Morley, Senior Editor |
The operator of the Port of New York and New Jersey’s first ever terminal gate appointment program is expanding the 4-month-old pilot initiative.
North American ports
Drayage
Tech gives US shippers edge in truck contracting
William B. Cassidy, Senior Editor, Trucking |
Knowledge is power in contract talks, shippers at the NASSTRAC conference say.
LTL
Truck brokers
Brazil's Suape moves forward on new terminal plan
Rob Ward, Brazil Special Correspondent |
The northeast Brazilian port of Suape is seeking developers of what could become the country’s most valued container terminal.
International ports
India’s Pipavav port shifts focus to liquid and ro-ro cargoes
India Special Correspondent |
International ports
First quarter is best ever for Rotterdam TEU growth
Bruce Barnard, Special Correspondent |
Container traffic at the port of Rotterdam grew 8.8 percent in the first three months of the year, the biggest ever quarterly increase.
International ports
Container lines
Alibaba sellers gain access to K+N’s surface and sea services
Hugh R. Morley, Senior Editor |
Kuehne + Nagel signs agreement with Alibaba to send goods by sea, rail, and truck.
Logistics Technology News
Truckload buyouts to follow Swift-Knight deal, Schneider IPO
William B. Cassidy, Senior Editor, Trucking |
Knight-Swift merger, Schneider public offering, seen triggering more truckload acquisitions, consolidation, and soon.
Truckload
US NW port alliance delivers operational, financial benefits
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Seattle and Tacoma are operating more efficiently and profitably since they formed the Northwest Seaport Alliance.
North American ports
China-Europe rail attracts smaller shippers as services expand
Mark Szakonyi, Executive Editor |
China-Europe containerized rail has evolved from a niche option with infrequent service and a small network to one attracting suppliers and second-tier companies with more and faster services to a wider array of destinations.
International rail
ALE leads joint venture for transshipment of Yamal LNG modules
JOC Staff |
Zeebrugge is the intermediate shipment point for a $27 billion project.
Heavy-haul transport
Rickmers Maritime pulls plug after failed restructuring bid
Bruce Barnard, Special Correspondent |
The Singapore-listed manager of a fleet of 14 Panamax vessels was unable to obtain the approval of bondholders.
Breakbulk carriers
US marine terminal modernization slows as more big ships call
Reynolds Hutchins, Associate Editor |
“I’m trying to think of a greenfield project right now that someone is actually building or financing, and I can’t think of one.”
Transport, Trade and Regulation News
North American ports
Forward Air spreads drayage wings to Southeast
Joseph Bonney, Senior Editor |
Forward Air has expanded its US Midwest-focused drayage footprint to the Southeast.
Trucking News
Air Cargo
Air Cargo Forwarder News
Drayage
Greece seeks improved bids for Thessaloniki port
Bruce Barnard, Special Correspondent |
The Hellenic Republic Asset Development Fund will announce the winner at the next meeting of its directors.
International ports
Transport, Trade and Regulation News
Ship charter rates surge on demand, alliance capacity
JOC Staff |
Time charter rates for some of the largest ships have doubled since the start of the year.
Container lines
Brazil's MRS Logistica overcomes fire for double-digit growth
Rob Ward, Brazil Special Correspondent |
The fire at MRS Logistica’s Station of Light caused severe damage to several buildings and disrupted services to the busiest container port in Brazil.
International rail
Taiwan targets trade with Philippines
Turloch Mooney, Senior Editor, Global Ports |
Direct links with Taiwan and South Korea would boost the economies of northern and central Luzon, the largest and most populous island in the Philippines.
Container lines
Breakbulk News
Transport, Trade and Regulation News
India works to head off national port strike
India Special Correspondent |
Unions are protesting a reform of major port trusts through new legislation dubbed the Major Ports Authority Bill 2016.
Longshore labor
Breakbulk News
Shippers oppose moving customs e-clearance from St. Petersburg
Eugene Gerden, Russia Special Correspondent |
The new center for e-customs clearance in the Russian northwest is located 37 from Russia’s busiest container port.
Transport, Trade and Regulation News
US Congress pressured to forbid alliances from joint contracting
Mark Szakonyi, Executive Editor |
Legislators’ recent and rare interest in rewriting the Shipping Act of 1984 has been sparked by fear that the three shipping alliances have too much power and the Federal Maritime Commission doesn’t have a strategy to rein them in.
Container lines
Transport, Trade and Regulation News
Knight-Swift merger sets stage for more capacity control
Reynolds Hutchins, Associate Editor |
The $6 billion deal announced Monday will establish Knight-Swift Transportation as the largest truckload operator in the United States.
Truckload
Strong US import forecast could reverse trans-Pac spot rate slip
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Retailers project strong growth in consumer spending and therefore imports for at least the next six months.
Container lines
Oakland repurposes port properties to curb congestion
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Repurposing port properties for anciliary services helps Oakland to curb congestion.
North American ports
Japan customs suspension batters Yusen shares
Tomoo Yatsuhashi, Japan Special Correspondent |
The Tokyo-based company has lost 8.9 percent of its value.
Logistics Technology News
Eurogate profit jumps but German terminal traffic stalls
Bruce Barnard, Special Correspondent |
Eurogate raised fears that the German terminals’ competitive position is being threatened by delays to infrastructure projects.
Marine terminals
JNPT hits target for speedy import program
India Special Correspondent |
The goal, critical to government efforts to cut logistics costs and lift port productivity, had seemed unattainable.
International ports
EU OKs Maersk-Hamburg Sud deal with conditions
Bruce Barnard, Special Correspondent |
The acquisition, said to be worth around $4 billion, will cement Maersk’s position as the world’s largest container line.
Container lines
Transport, Trade and Regulation News
DP World mulls expansion of Suez terminal
Turloch Mooney, Senior Editor, Global Ports |
DP World took over the operation and management of Sokhna from a group of private investors in 2008.
Marine terminals
US shippers press truck brokers for sharper ‘visibility’
William B. Cassidy, Senior Editor, Trucking |
Shippers, it is clear, want greater visibility into their supply chains.
Trucking News
LTL
Truck brokers
First China-bound freight train rolls out of London
Greg Knowler, Senior Editor Europe |
The first UK freight train to China left London today carrying British exports in what is planned to become a regular service.
Maritime
Cosco predicts first quarter profit rebound
Greg Knowler, Senior Editor Europe |
It has been a rare sight recently, but Cosco Shipping has issued a positive profit alert for the first quarter after seeing increasing volumes and rising rates.
Container lines
Ocean Alliance launches Jakarta-US direct service
Greg Knowler, Senior Editor Europe |
Jakarta and the US West Coast have been linked by a new direct service offered by the Ocean Alliance and operated by CMA CGM.
Container lines
Samsung leads growth of Top 50 3PLs
Alan M. Field, Contributing Editor |
Although more than 90 percent of Samsung SDS’s logistics business originates with Samsung Electronics, Samsung SDS also handles the logistics for approximately 400 other beneficial cargo owners.
Logistics Technology News
Maritime industry advised to prepare for startup revolution
Nicola Good, Executive Editor, Fairplay |
Future rivals for companies in the maritime sector won’t necessarily come from the industry.
Maritime
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