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Breakbulk Quarterly Intelligence
Platts Containers Update
ArcBest gains shipments, but profit plunges
Dustin Braden, Shipper Relationship Manager |
Lower fuel surcharges, lighter shipments, acquisitions costs blamed for lower profit at less-than-truckload, logistics company.
LTL
New rail options at India’s Pipavav port power growth
India Special Correspondent |
New double-stack train services connecting Pipavav with northern hinterland points powered the year-over-year growth in shipments at the port.
International ports
US trucking firms add jobs ahead of holiday season
William B. Cassidy, Senior Editor |
Trucking is doing better at hiring workers than previous employment data suggested, but still is bumping against a "hiring ceiling."
Trucking labor
LTL
Trans-Pacific spot rates reflect later than usual peak season
Bill Mongelluzzo, Senior Editor |
November should signal the end of the peak-shipping season in the eastbound trans-Pacific trade, but spot rates suggest the peak season is still in swing.
Container lines
NYK Line parent’s credit rating downgraded despite merger plan
Dustin Braden, Shipper Relationship Manager |
The credit ratings agency Moody’s has downgraded the rating for Nippon Yusen Kabushiki Kaisha, parent of NYK Line.
Container lines
Portable scale aims to help shippers with SOLAS rule
Hugh R. Morley, Senior Editor |
A New Zealand company has launched a relatively small, portable scale designed to enable shippers to weigh a container atop a chassis, saying it will help shippers comply with new global container weight rules.
Logistics Technology News
Transport, Trade and Regulation News
Liverpool opens new mega-ship container terminal
Bruce Barnard, Special Correspondent |
The port of Liverpool on Friday officially inaugurated a new deep-sea container terminal as it works to create a new ocean trading gateway to re-jig the national supply chain.
International ports
Asia-Europe spot rates start to slip after three-week rally
Greg Knowler, Senior Editor Europe |
Spot rates slip with little demand to support the Nov. 1 increases.
Container lines
Analysts see liner consolidation as step toward recovery
Greg Knowler, Senior Editor Europe |
The container shipping market is concentrated in the hands of fewer players, which might improve profitability.
Container lines
No way Taiwan lines will merge, Yang Ming chairman says
JOC Staff |
Yang Ming Line Chairman Bronson Hsieh has dismissed market speculation that his Taiwan line could merge with Evergreen Marine.
Container lines
Roadrunner expedited business pads TL, LTL decline
Dustin Braden, Shipper Relationship Manager |
Roadrunner’s push into the expedited shipping market over the last two years provided the trucking company an airbag to protect against crashing truckload and less-than-truckload volumes and rates in the third quarter.
LTL
North American intermodal quarterly decline bodes poorly for year-end
Reynolds Hutchins, Associate Editor |
It’s a sign that the so-called “freight recession” that’s softened demand, volume, and freight rates may outlast the calendar year.
Rail News
Growth at India's top container port hits wall
India Special Correspondent |
Container throughput at Jawaharlal Nehru Port Trust only inched up in the first seven fiscal months through October.
International ports
Hanjin ship to call Long Beach for empty box pick-up
Bill Mongelluzzo, Senior Editor |
The Port of Long Beach will chip away at the backlog of empty Hanjin Shipping-leased containers in Southern California that has built up since the container line declared bankruptcy on Aug. 31 when a ship calls to pick up some of the empties.
North American ports
Drayage
Marine terminals
Seattle-Tacoma ports claw back share from Canadian rivals
Bill Mongelluzzo, Senior Editor |
A solid performance by the Northwest Seaport Alliance in September and year to date indicates that Seattle and Tacoma may have regained regional market share from the Canadian ports of Vancouver and Prince Rupert.
North American ports
US heavy truck registrations plunge by double-digits
William B. Cassidy, Senior Editor |
IHS Automotive data reveal a significant decline in new commercial truck registrations, especially for heavy trucks.
Truckload
WWL, DB Cargo plan vehicle hub at Italian port
Joseph Bonney, Senior Editor |
Wallenius Wilhelmsen Logistics and DB Cargo have agreed to develop a joint-venture hub at Monfalcone to support European vehicle manufacturers’ exports to the Mediterranean and Asia.
International ports
Acquisition strengthens Eimskip’s Nordic network
Dustin Braden, Shipper Relationship Manager |
Eimskip will acquire the Norwegian short-sea operator Nor Lines, the latest purchase by the Icelandic container line, which has made expansion via acquisitions a key goal.
Container lines
E-commerce fires more than one engine at XPO Logistics
William B. Cassidy, Senior Editor |
The benefits of rising e-commerce demand are lifting revenue, profit at multiple units of XPO Logistics, from last-mile to LTL.
Logistics Technology News
Trucking News
Port Manatee handles heavy-lift heat exchanger
Joseph Bonney, Senior Editor |
A liquefied natural gas heat exchanger weighing nearly 500 tons was exported via Port Manatee, Florida.
Breakbulk News
Global air cargo strongest since US West Coast port crisis
Bruce Barnard, Special Correspondent |
Global air cargo traffic in September rose at the fastest rate since the industry benefited from the disruption caused by the US West Coast ports strike in February 2015.
Air Cargo Carriers News
Air France-KLM Cargo awash in red ink
Bruce Barnard, Special Correspondent |
Air France-KLM Cargo’s third-quarter operating loss soared by almost one-fifth from a year ago as it scrambled to downsize its unprofitable freighter operations.
Air Cargo Carriers News
Ocean Alliance unveils network for 2017
Greg Knowler, Senior Editor Europe |
The Ocean Alliance has released information on its network that begins on April 1, 2017, with the trans-Pacific to see the largest number of loops and port calls.
Container lines
ILWU, PMA agree to future contract extension talks
Bill Mongelluzzo, Senior Editor |
Discussions between the International Longshore and Warehouse Union and the Pacific Maritime Association about a possible extension of the West Coast waterfront contract apparently ended on a positive note.
Longshore labor
Container shipping overcapacity forecast to worsen
Hugh R. Morley, Senior Editor |
A Boston Consulting Group analysis released Wednesday predicts that overcapacity in the shipping industry will significantly worsen.
Container lines
Coffee export decline underscores cost of Santos labor unrest
Rob Ward, Brazil Special Correspondent |
The steady brew of labor unrest at the port of Santos is hitting Brazilian coffee exports.
International ports
US shippers urged to step up planning for ELD mandate
William B. Cassidy, Senior Editor |
The ELD mandate's impact on available truck capacity isn't the only thing shippers should worry about.
Transport, Trade and Regulation News
Trucking News
LTL
Truckload
Yusen Logistics swings into red despite traffic rise
Hisane Masaki, Japan Special Correspondent |
Yusen Logistics swung into the red in the first half of fiscal year 2016.
Logistics Technology News
Damco turns another profit as recovery accelerates
Bruce Barnard, Special Correspondent |
Damco posted another profit in the third quarter.
Logistics Technology News
APMT profit plummets as Maersk synergies sought
Turloch Mooney, Senior Editor, Global Ports |
Weak market conditions and liner network changes contributed to a 28 percent year-over-year fall in third-quarter underlying profit at APM Terminals.
Marine terminals
Lufthansa Cargo stuck in the red but eyes recovery ahead
Bruce Barnard, Special Correspondent |
Lufthansa Cargo on Wednesday posted its sixth consecutive quarterly loss, but it sees a brighter future ahead.
Air Cargo Carriers News
South Africa mulls slowing port development
Turloch Mooney, Senior Editor, Global Ports |
South Africa’s national ports authority hinted that planned investment in port projects could be slowed.
Transport, Trade and Regulation News
Dockworker incentives could drive Indian major port productivity
India Special Correspondent |
Better labor relations at public ports could make the on-and-off again strikes and protests for higher wages and other benefits that cause congestion and delays at major ports less likely.
Transport, Trade and Regulation News
Maersk Line falls to $116 million loss on rate tumble
Greg Knowler, Senior Editor Europe |
Rising volume was not enough to offset a sharp fall in freight rates that dragged Maersk Line to a third-quarter loss of $116 million.
Container lines
Solid air cargo demand lifts carriers ahead of peak season
Greg Knowler, Senior Editor Europe |
The air cargo industry is showing signs of recovering from a tough year with demand rising and higher hopes of a solid peak season.
Air Cargo Carriers News
Japanese shipping merger to create new major liner
Greg Knowler, Senior Editor Europe |
For decades, the Japanese lines have competed fiercely for their share of the container market, but that has ended with the agreement to merge liner operations.
Container lines
Falling used truck values slow truck capacity cuts
William B. Cassidy, Senior Editor |
When freight demand is low and rates are hard to maintain, who wants to buy a used truck? That's a problem truckload carriers face as they try to reduce their capacity to bolster pricing.
Truckload
ILWU, PMA talk potential contract extension
Bill Mongelluzzo, Senior Editor |
Negotiators for the International Longshore and Warehouse Union and the Pacific Maritime Association on Tuesday opened two days of talks on a possible extension of their coastwide contract.
Longshore labor
US court ELD decision sounds warning bell for shippers
William B. Cassidy, Senior Editor |
After a US court slapped down a challenge to the federal electronic logging mandate for truck drivers, shippers need to plan for dealing with the rule.
Transport, Trade and Regulation News
Trucking News
Slide show: JOC's top transport providers able to increase revenue
Dustin Braden, Shipper Relationship Manager |
There is no other way to describe the current global transportation market other than as a “bear market.” Driving home this point is Top 50 Global Transportation Service Providers ranking by SJ Consulting and The Journal of Commerce.
Logistics Technology News
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