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ILA: Resolution of current issues must precede contract talks
Joseph Bonney, Senior Editor |
The International Longshoremen’s Association won't discuss a contract extension until disputes over the current contract are resolved.
Longshore labor
Chennai woes weigh on India public port growth
India Special Correspondent |
Traffic at major, or public, Indian ports rose in the first four months of the fiscal year, but growth could have been higher.
International ports
Forecast sees nearly flat global container port traffic in 2016
Bruce Barnard, Special Correspondent |
Global container traffic will likely grow at the second-slowest rate since 2009.
Port News
North American ports
Seko adds Hong Kong warehouse capacity to meet e-commerce demand
Turloch Mooney, Senior Editor, Global Ports |
Surging e-commerce demand and spending in Asia has logistics companies looking to the future.
Industrial Real Estate News
Hapag-Lloyd falls to loss on slumping freight rates
Bruce Barnard, Special Correspondent |
Hapag-Lloyd sank to a net loss in the second quarter as average ocean freight rates plummeted.
Container lines
Capacity cuts seen driving high ship utilization, not peak demand
Greg Knowler, Senior Editor Europe |
Capacity discipline has pushed up vessel utilization rates.
Container lines
Maersk drops feeder services to 10 Chinese ports
Greg Knowler, Senior Editor Europe |
Maersk line has adjusted its third-party feeder network in China.
Container lines
Acquisition shows small truckers have room to grow
William B. Cassidy, Senior Editor, Trucking |
In its first acquisition in 78 years, Kottke Trucking expanded its business 60 percent, gaining drivers, freight, scale and density.
Truckload
ILWU caucus to determine future of West Coast labor peace
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
A historic International Longshore and Warehouse Union caucus that could solidify the role of the West Coast as the preferred and natural gateway for U.S. trade with Asia will convene Wednesday in San Francisco.
Longshore labor
Yilport aims to make Ecuador container terminal largest in Latin America
Reynolds Hutchins, Associate Editor |
A Turkish port operator is determined to transform an Ecuadorian port into the largest container terminal in Latin America.
Marine terminals
$255 million private equity infusion fuels LTL-based 3PL
William B. Cassidy, Senior Editor, Trucking |
Fast-growing BlueGrace Logistics should grow faster with support from private equity firm Warburg Pincus.
LTL
Former CSCL exec to lead AP China integration into CMA CGM
Angela Yu, Special Correspondent |
Zhao Hongzhou, a former general manager at China Shipping Container Lines, has been tapped to lead the integration of of APL’s greater China operations into CMA CGM.
Container lines
‘Black box’ recorder recovered from sunken El Faro
Joseph Bonney, Senior Editor |
The recovery of the voyage data recorder could provide investigators with clues to the sinking that left 33 dead.
Container lines
APL Logistics acquisition still weighs on Kintetsu profit
Hisane Masaki, Japan Special Correspondent |
Last year’s acquisition of APL Logistics continued to dent profit at Kintetsu World Express Inc.
Logistics Technology News
ICTSI profit dives despite double-digit volume growth
Turloch Mooney, Senior Editor, Global Ports |
Manila-based global container terminal operator International Container Terminal Services saw year-over-year net profit drop despite throughput expanding healthily.
Marine terminals
Fesco profit plunges as ocean, rail traffic slumps
Bruce Barnard, Special Correspondent |
Fesco’s first-half profit more than halved.
Container lines
Agility revenue down on lower freight rates, but profit rises
Bruce Barnard, Special Correspondent |
Agility, the leading Arab Gulf logistics group, increased second-quarter earnings, but revenue declined.
Logistics Technology News
Breakbulk News
Pushback against new LA-LB chassis fee intensifies as FMC inquires
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Pushback against terminal operators' proposed chassis gate fee in Los Angeles-Long Beach intensifies.
Marine terminals
Container lines
Asia-Europe peak season holds little promise for container lines
Greg Knowler, Senior Editor Europe |
Drewry Maritime Equity Research said it is forecasting a “washout” peak season on Asia-Europe.
Container lines
Adani Group earnings, volume rise as capacity expansion continues
India Special Correspondent |
India’s biggest private port infrastructure developer continues to build on its recent growth.
Marine terminals
Breakbulk News
Mega-ship dredging at leading Indian port moves forward
India Special Correspondent |
India’s busiest container handler this week launched phase two of a dredging project to handle mega-ships.
International ports
Port infrastructure
NFI expands US trucking reach amid sluggish industry demand
Hugh R. Morley, Senior Editor |
Connecticut trucking company will enable fast-growing supply chain provider to expand amid sluggish growth elsewhere in the trucking industry.
Truckload
IHS economist downgrades US containerized import forecast
Hugh R. Morley, Senior Editor |
IHS economist: the volume of containerized U.S. imports will grow at a slower pace than expected in 2016.
Container lines
Maritime
Domestic intermodal volume rebound poised to bring higher US rates
Reynolds Hutchins, Associate Editor |
The so-called freight recession in North America may soon be coming to an end.
North-American rail
Canal adds foot to maximum draft of neo-Panamax locks
Joseph Bonney, Senior Editor |
Canal officials said they're "very pleased" with operations so far.
International ports
Container lines
Rickmers Maritime loss soars in weakening charter market
Bruce Barnard, Special European Correspondent |
Rickmers Maritime said its charter fleet faces even tougher times ahead following the opening of the widened Panama Canal as its second-quarter loss more than tripled and its charter revenue was down more than a third from a year earlier.
Breakbulk carriers
Container alliances pose opportunities and risks to top transshipment hubs
Bruce Barnard, Senior European Correspondent |
The trend toward fewer services deploying larger vessels with multiple carriers pooling cargo will create winners and losers with the successful terminal operators most likely boasting strong connections to the dominant members of the alliances.
International ports
Container lines
Food processing near Indian ports to boost exports, reduce waste
Turlcoh Mooney, Global Ports Editor |
Waste caused by poor logistics is estimated to cost India around $45 billion per year, or 4.3 percent of GDP, according to global consulting firm McKinsey.
International ports
Chennai shippers stick to trucks despite rail upgrades, incentives
Indian Special Correspondent |
Drayage bottlenecks have long been a drag on growth at Chennai.
International ports
Rail News
Weak market drags OOCL parent to first interim loss in seven years
Greg Knowler, Senior Editor Europe |
OOCL's first half loss is not good news for the industry.
Helen Bentley, maritime industry legend, dead at 92
Joseph Bonney, Senior Editor |
She was an advocate of U.S.-flag shipping and the Port of Baltimore for 70 years.
Maritime
Trans-Atlantic ocean trade faces political and economic uncertainty
Bruce Barnard, Special Correspondent |
Concern over the fate of negotiations toward the Transatlantic Trade and Investment Partnership, the snail’s pace of eurozone economic growth, growing fears of an imminent Italian banking crisis and the U.K.’s unexpected vote to quit the European Union is undermining the calm of the trans-Atlantic container trade.
Container lines
Bidder pool for potential Rio transshipment hub shrinks
Rob Ward, Brazil Special Correspondent |
The pool of potential buyers of Sepetiba Tecon outside Rio de Janeiro has shrunk from five to three.
Marine terminals
Trans-Pacific importers eye space as peak season capacity tightens
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
U.S. importers, anxious because vessels in Asia are starting to fill up, are working to secure peak season space on the trans-Pacific.
Container lines
CEVA revenue, earnings fall despite air, ocean traffic growth
Bruce Barnard, Special Correspondent |
CEVA Logistics posted lower revenue and earnings in the first half.
Logistics Technology News
Asia-Europe spot rates dip down below $1,000 per TEU
Dustin Braden, Shipper Relationship Manager |
Spot rates to move a 20-foot equivalent container unit from Asia to Europe fell after surging above $1,000 per box the prior week.
Container lines
Trucking resumes hiring, reversing five-month decline
William B. Cassidy, Senior Editor, Trucking |
Does an uptick in trucking jobs indicate the trucking market is stabilizing?
Trucking labor
LTL
DSV profit rises as it returns UTi to profitability
Bruce Barnard, Special Correspondent |
DSV’s second-quarter profit rose as it “neutralized” the operating deficit of recently acquired UTi Worldwide.
Logistics Technology News
UK forwarders back shippers’ global anti-surcharge campaign
Bruce Barnard, Special Correspondent |
U.K. freight forwarders have pledged their support for a campaign to end container shipping surcharges by 2020.
Logistics Technology News
Maritime
Container lines
Matson closes acquisition of Alaska logistics service provider
JOC Staff |
Matson has closed on its acquisition of Alaska logistics provider Span Alaska.
Container lines
Trucking News
LTL
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