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Platts Containers Update
Stronger freight demand lifting US inventories
William B. Cassidy, Senior Editor |
US inventories are rising, but inventory-to-sales ratios are falling, a sign freight is moving inland faster and inventories turning over more rapidly.
Trucking News
Maritime
Rail News
LTL
Mexican port growth outpaces US, Canada
Hugh R. Morley, Senior Editor |
Mexican ports handled more than 4 million loaded TEUs in 2016.
One-third of US e-commerce shippers suffer delays and fines
Dustin Braden, Shipper Relationship Manager |
Strong trade compliance protocols and abilities are critical to success in e-commerce.
Logistics Technology News
Transport, Trade and Regulation News
Container yard to accommodate Krishnapatnam growth
India Special Correspondent |
Krishnapatnam has dramatically benefited from chronic bottlenecks at Chennai.
International ports
Parent of FEC Railway, TRAC Intermodal sold
JOC Staff |
FECR operates about 350 miles of track along the east coast of Florida, and TRAC has an active fleet of more than 267,000 chassis.
North-American rail
Marine terminals
HHLA grows, awaits Elbe dredging
Turloch Mooney, Senior Editor, Global Ports |
Hamburg was previously the second-largest container port in Europe.
International ports
Weak infrastructure threatens Russian container growth
Eugene Gerden, Russia Special Correspondent |
More containerization in Russia would help cut transportation costs in the country.
Logistics Technology News
International rail
Canceled fee gives hope to JNPT productivity measure
India Special Correspondent |
Only 4 percent of JNPT’s imports handled by road move through the direct port delivery program.
International ports
US watchdog: No way to tell if importers gain from C-TPAT
Reynolds Hutchins, Associate Editor |
Members of the Customs-Trade Partnership Against Terrorism account for over 54 percent, by value, of what is imported into the United States.
Transport, Trade and Regulation News
Rising fuel prices driving up US trucking costs
William B. Cassidy, Senior Editor |
Fuel surcharges, which dropped along with fuel prices in 2015 and 2016, are now rising again, putting more pressure on shipper budgets.
Truckload
LTL
Everglades faces headwinds in targeting Mexico, Asia growth
Reynolds Hutchins, Associate Editor |
Political headwinds and fierce competition are challenging Port Everglades' gambit for more cargo from Asia and Mexico.
North American ports
Longshore pension fund can seek Hanjin debts from parent
Hugh R. Morley, Senior Editor |
Aside from Hanjin Shipping, the Hanjin Group has a controlling share of Korean Air Lines, and its subsidiaries range from various logistics companies to universities.
Longshore labor
Adani Ports outpaces public Indian port growth
India Special Correspondent |
The strong performance comes as flagship Mundra is wrapping up work to double container capacity.
Marine terminals
Coastal cooperation benefits top Indian carrier
India Special Correspondent |
The national carrier returned to profitability in the third fiscal quarter.
Container lines
DP World seeks to replicate Jebel Ali in Senegal
Turloch Mooney, Senior Editor, Global Ports |
The plan follows an agreement between the Dubai-based company and Senegal in October 2015.
Marine terminals
Slow recovery of Hanjin boxes sparks shortage fears
Greg Knowler, Senior Editor Europe |
Signs of a container shortage are emerging with leasing companies reluctant to place orders for new containers until they get their Hanjin leased boxes back, and up to 40 percent of those units have yet to be recovered.
Container lines
Marine terminals
Trans-Pacific discipline stems spot rate drop
Bill Mongelluzzo, Senior Editor |
Spot rates in eastbound Pacific drop marginally in the second week of the Lunar New Year.
Container lines
Mexican trucking past US border in crosshairs
William B. Cassidy, Senior Editor |
The economic impact of a challenge to Mexican trucking in the United States is small, but the debate could fuel a growing trade dispute.
Truckload
LTL
NVOs gaining larger share of Asia imports to US
Bill Mongelluzzo, Senior Editor |
The days when the largest, so-called premier carriers booked directly with beneficial cargo owners are over.
Container lines
HMM credit rating upgraded to stable
Dustin Braden, Shipper Relationship Manager |
Hyundai Merchant Marine in 2016 reduced its financial losses 99.3 percent.
Container lines
APL Logistics pulls Kintetsu World to loss
Tomoo Yatsuhashi, Japan Special Correspondent |
APL Logistics' services related to retail, consumer goods, and high technology were sluggish.
Logistics Technology News
Shreyas Shipping expands fleet to tap Indian cabotage
India Special Correspondent |
Shreyas Shipping & Logistics is adding more vessels to its fleet.
Container lines
HPH Trust cautious about 2017 after traffic drop
Turloch Mooney, Senior Editor, Global Ports |
Hutchison Port Holdings Trust operates container terminals in South China, with major transshipment facilities in Shenzhen and Hong Kong.
Marine terminals
ILA, employers take first step toward contract bargaining
Joseph Bonney, Senior Editor |
Shippers hope the next negotiations go more smoothly than those in 2012 and 2013.
Longshore labor
Container lines
North American ports
New 2M services to handle HMM, Hamburg Süd volumes
Greg Knowler, Senior Editor Europe |
Maersk Line and MSC have expanded their Asia-North Europe and trans-Pacific services to accommodate the volumes from a slot deal signed with HMM and Hamburg Süd.
Container lines
US policy changes to boost freight payment companies
Alan M. Field, Contributing Editor |
Growing volatility in freight rates and future changes in supply chains that result from major revisions in trade agreements create a bigger market for electronic audit and payment services.
Logistics Technology News
US ports look for signs of coming resin boom
Joseph Bonney, Senior Editor |
There’s no question a boom in US exports of resins is coming, but when will it begin? And which ports will handle the goods?
North American ports
Experts: April 1 alliances rollout will disrupt US ports
Peter Tirschwell |
Problems are inevitable any time the normal routine is disrupted at a marine terminal.
North American ports
Container lines
Autonomous truck technology seen evolving rapidly
William B. Cassidy, Senior Editor |
The rapid development of safety-related technology for trucks will speed autonomous trucking, Ryder's chief technology officer says.
Trucking News
Is there a container shortage brewing?
Peter Tirschwell |
There are clear signs of tightness in the container leasing market.
Container lines
Marine terminals
RZD raises rail rates, shipper ire
Eugene Gerden, Russia Special Correspondent |
The hike RZD instituted will further increase the price differential between rail and road.
International rail
Trucking News
DSV posts record results as UTi buy pays off
Bruce Barnard, Special Correspondent |
“It is impossible to talk about 2016 without saying UTi a great many times.”
Logistics Technology News
Top US ports confident in Trump infrastructure boost
Reynolds Hutchins, Associate Editor |
Very little is known about Trump’s $1 trillion infrastructure plan.
North American ports
Transport, Trade and Regulation News
MSC’s Aponte sees signs of green shoots for container lines
Peter Tirschwell |
In an exclusive interview, MSC CEO Diego Aponte says spring may finally be in the air for container carriers.
Container lines
Congestion flares at JNPT
India Special Correspondent |
The congestion is rooted in the direct port delivery program meant to speed imports through India’s top port.
International ports
Asia-Europe spot rates show first steep decline of the year
Greg Knowler, Senior Editor Europe |
It has been 10 weeks since spot rates on the China-Europe trade fell sharply as demand continues to fall off in the post-Lunar New Year slump.
Container lines
Pallet by pallet, US LTL trucking demand grows
William B. Cassidy, Senior Editor |
Large less-than-truckload carriers are rolling into 2017 on a firmer foundation and look to boost pricing.
LTL
Port Arthur prepares to expand breakbulk capacity
Joseph Bonney, Senior Editor |
"You can’t have enough tracks."
Breakbulk News
US imports to jump on consumer spending
Hugh R. Morley, Senior Editor |
Loaded container imports will increase substantially year-over-year in the first half.
Container lines
Rickmers Group sells breakbulk/project carrier
Bruce Barnard, Special Correspondent |
Rickmers did not give financial details of the transaction.
Breakbulk News
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