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All Nippon Airways Back in the Black
Hisane Masaki, Special Correspondent |
All Nippon Airways Co. posted a group net profit of $7.59 million in the first quarter of fiscal 2012, which ended June 30, compared with a net loss of $106.33 million a year earlier.
Air Cargo Carriers News
APL Ends Chassis Service in Denver, Salt Lake City
Peter T. Leach, Senior Editor |
APL said Friday it is no longer providing chassis as part of its container transport services in Denver and Salt Lake City.
Container lines
Drayage
IJS Global Opens DC for Novartis
Mike King, Special Correspondent |
IJS Global opened a dedicated warehouse in the Philippines to handle the logistics needs of Novartis Animal Healthcare.
Industrial Real Estate News
Air Cargo
Cool Cargo News
Forwarding
Typhoon Shuts Taiwanese Ports, Airports
Mike King, Special Correspondent |
Transportation infrastructure ground to a halt and at least one person was killed as Typhoon Saola made landfall in eastern Taiwan on Thursday.
Port News
Air Cargo
Rail News
Forwarding
Hanjin Reverses First Quarter Loss
Mike King, Special Correspondent |
Hanjin Shipping, riding strong gains in container volume and revenue, climbed back into the black in the second quarter.
Container lines
Forwarding
Commentary: Carrier Changes Shaking Up Parcel Markets
Paul Steiner |
When UPS last spring agreed to acquire TNT Express for $6.6 billion, the deal reverberated throughout global express and parcel markets.
Air Cargo Forwarder News
Horizon Lines Posts Second Quarter Net Loss
Joseph Bonney, Senior Editor |
Horizon Lines reported a $29.8 million net loss for the second quarter but th
Container lines
Forwarding
Matson Sees Rise in Operating Income for Quarter
Joseph Bonney, Senior Editor |
Matson Inc.
Container lines
Forwarding
US Intermodal Volume Hit Record in July
Mark Szakonyi, Associate Editor |
U.S. intermodal traffic on the major railroads in July rose 5.6 percent year-over-year, hitting a record high for the month, according to the Association of American Railroads.
Intermodal providers
Rail News
North-American rail
Genesee & Wyoming Profit Jumps Despite Volume Drop
Mark Szakonyi, Associate Editor |
Genesee & Wyoming profit jumped 17 percent year-over-year to $36.4 million, as higher fuel surcharges and improved operations helped the short-line railroad operator offset a 6.9 percent decline i
North-American rail
Rail News
LA Port's Pollution-Reduction Strategy Pays Off
Bill Mongelluzzo, Associate Editor |
Harmful emissions from port operations in Los Angeles have declined as much as 76 percent over the past seven years since the port implemented a number of measures to reduce pollution from vessels, ha
Port News
Crowley Pleads Guilty to Puerto Rico Price-Fixing
Joseph Bonney, Senior Editor |
Crowley Liner Services pleaded guilty and was sentenced to pay a $17 million criminal fine for conspiring
Container lines
Forwarding
Maersk Line Ltd. Acquires US Ship Operator
Peter T. Leach, Senior Editor |
Maersk Line Ltd. acquired 3PSC, a privately held ship operator based in Cape Canaveral, Fla. Terms of the acquisition were not disclosed.
Container lines
Shippers, Railroads Pitch Dispute-Resolution Ideas
Mark Szakonyi, Associate Editor |
Major North American railroads and shippers say they support more federally sponsored arbitration, but the carriers can’t get onboard with the current proposal requiring them to opt-out instead
International ports
North-American rail
OCU-Management Talks Continue on West Coast
Bill Mongelluzzo, Associate Editor |
In a welcome sign of cooperation, office clerical workers and waterfront employers in Southern California met through the day on Wednesday, recessing the talks at 9 p.m.
Longshore labor
US Opposition to EU Airline Carbon Tax Builds
Mark Szakonyi, Associate Editor |
U.S. pressure to reject the European Union's carbon tax on international airlines is mounting, with committees in both chambers of Congress approving bills blocking participation in the program.
Global Air Cargo Grows on Middle East Strength
Bruce Barnard, Special Correspondent |
International air cargo traffic increased 1.1 percent in June from a year ago, driven by strong growth in the Middle East that masks continuing market weakness, the International Air Transport Associa
Air Cargo Carriers News
ODFL Profit Rises 21.5 Percent to $48 Million
William B. Cassidy, Senior Editor |
The slowing economy wasn’t a drag on Old Dominion Freight Line in the second quarter.
Trucking News
LTL
Drayage
Japan Airlines Net Profit Soars Despite Weak Cargo Numbers
Hisane Masaki, Special Correspondent |
Japan Airlines said on Thursday that its net profit soared 111.2 percent in the first quarter of fiscal 2012, which started on April 1, from a year earlier to $340.51 million on a consolidated basis.<
Air Cargo Carriers News
Spot Rates Rebound in Asia-Europe Container Trade
Peter T. Leach, Senior Editor |
Spot rates in the Asia-Europe trade rebounded this week after three consecutive weeks of decline as carrier efforts to reduce excess capacity began to take hold.
Forwarding
Container lines
CEVA Reports Lower Profit
Joseph Bonney, Senior Editor |
CEVA Logistics said its adjusted earnings before interest, taxes, depre
International ports
Auto Emissions Parts Trade Revs Up
Peter T. Leach, Senior Editor |
The global trade in auto parts is getting a fuel injection as a result of the growing market for exhaust and emissions control equipment as governments in emerging countries adopt regulations “o
Transport, Trade and Regulation News
Seaspan Reports Improved Results
Joseph Bonney, Senior Editor |
Container ship owner-charterer Seaspan Corp.
Forwarding
Tropical Shipping Posts Loss
Joseph Bonney, Senior Editor |
Caribbean carrier Tropical Shipping posted a $4 million operating loss on $80 million in revenue despite an increase in container volume, parent company AGL Resources said.
Container lines
Forwarding
Court Dismisses ABF Lawsuit Against Teamsters, YRC
William B. Cassidy, Senior Editor |
A federal judge dismissed a lawsuit that challenged three rounds of labor concessions at YRC Worldwide by claiming the Teamsters union violated a national contract by offering wage concessions to YRC
Trucking News
Transport, Trade and Regulation News
LTL
Trucking labor
Sept. 1 MSC Rate Hike Is Second in a Month
Peter T. Leach, Senior Editor |
Mediterranean Shipping Co.
Container lines
Forwarding
Deutsche Post DHL Lifts Earnings Forecast
Bruce Barnard, Special Correspondent |
Deutsche Post DHL lifted its 2012 earnings guidance after strong demand for its express delivery services in Asia boosted its second quarter results.
Air Cargo Carriers News
First Half Profit Fell 26 Percent at OOCL Parent
Joseph Bonney, Senior Editor |
Orient Overseas Container Line’s parent company reported a 26 percent drop in operating profit
Container lines
Forwarding
Lufthansa Cargo Profit Slumps 60 Percent
Bruce Barnard, Special Correspondent |
Lufthansa Cargo’s operating profit slumped nearly 60 percent in the second quarter to 28 million euros ($34.4 million) from 69 million euros ($84.9 million) a year ago on higher fuel prices, wea
Air Cargo Carriers News
Charter Revenue Doubles at Shipowner Box Ships
Bruce Barnard, Special Correspondent |
Greek container shipowner Box Ships Inc. more than doubled second quarter charter revenue to $15.44 million from $7.22 million a year ago as it continued to expand its fleet.
Forwarding
ILA, USMX Committees to Meet
Joseph Bonney, Senior Editor |
The International Longshoremen’s Association and United States Maritime Alliance will hold meetings this month by ILA-USMX committees assigned specific issues in negotiations for a new East and
Longshore labor
Maritime
Forwarding
Hanjin to Resume Service to Portland
Bill Mongelluzzo, Associate Editor |
Convinced that labor productivity at the Port of Portland has returned to normal, Hanjin Shipping will resume making ship calls at the Pacific Northwest port.
Port News
Container lines
NY-NJ Port Offers Incentives for Clean Ships
Peter T. Leach, Senior Editor |
The Port Authority of New York and New Jersey will pay ship operators incentives to lessen their environmental impact over the next three years under a $4.875 million Clean-Vessel Incentive program.
Port News
MSC to Hike Asia-US Cargo Rates
Peter T. Leach, Senior Editor |
Mediterranean Shipping Co. plans to raise freight rates Sept. 1 on all cargo originating in the Far East and Southeast Asia shipped to the U.S. and Puerto Rico.
Forwarding
Container lines
ILWU Clerical Workers, Employers Return to Bargaining Table
Bill Mongelluzzo, Associate Editor |
Office clerical workers and waterfront employers in Los Angeles-Long Beach a
Longshore labor
Forwarding
Stricken MSC Ship Towed Farther From Land
Joseph Bonney, Senior Editor |
The fire-damaged container ship MSC Flaminia was towed to about 200 miles from the British coast while salvors waited for weather to improve enough to allow firefighters to reboard the ship.
Container lines
Container Traffic Up 3 Percent at West Coast Ports
Bill Mongelluzzo, Associate Editor |
West Coast ports recorded solid gains in container traffic in June, with imports up 4 percent over the same month last year, and total volume increasing 3 percent.
Port News
Forwarding
Portus Acquires Port Everglades Stevedore
Joseph Bonney, Senior Editor |
Portus Services LLC has acquired St. Johns Shipping, a private stevedore and terminal operator in Port Everglades, Fla., for an undisclosed price.
Port News
Yusen Logistics Net Profit Nearly Triples
Hisane Masaki, Special Correspondent |
Major Japanese international freight forwarder Yusen Logistics Co.
International ports
Forwarding
EU Drops Marine Insurance Probe
Bruce Barnard, Special Correspondent |
The European Union dropped a two-year investigation into marine insurance agreements between groups of shipowners after failing to find conclusive proof of anti-competitive behavior.
Maritime
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