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Platts Containers Update
OOCL Adds LA, Shanghai Calls on Trans-Pacific Run
JOC Staff |
Orient Overseas Container Line will add eastbound calls in Los Angeles and Shanghai to its Pacific Atlantic Express service beginning with the May 9 sailing from Yantian, China.
Container lines
FMCSA Cracks Down on Unsafe Trucking Operators
William B. Cassidy/Senior Editor |
For the third time in as many months, federal regulators shut down an unsafe trucking company, ordering J&A Transportation out of service on April 9.
Transport, Trade and Regulation News
LTL
Army Corps Targets Savannah Depth at 47 Feet, not 48 Feet
Peter T. Leach, Senior Editor |
When the Army Corps of Engineers released final documents Wednesday for the Savannah Harbor Expansion Project, it surprised the industry by calling for dredging the Savannah River to a depth of 47 fee
Port News
Global Semiconductor Sales Decline
Mark Szakonyi, Associate Editor |
International semiconductor sales in February fell 7.3 percent year-over-year and 1.3 percent from January, further illustrating the weak demand plaguing the air cargo industry.
Transport, Trade and Regulation News
Air Cargo Carriers News
CMA CGM Sets ‘Emergency’ Rate Hike in Asia-Europe Trade
Bruce Barnard, Special Correspondent |
CMA CGM has announced an “emergency rate restoration” of $385 per 20-foot container on routes from Asia to Europe and the Mediterranean.
Container lines
Forwarding
Hamburg Plans Traffic Surge After Elbe River Deepening Project
Bruce Barnard, Special Correspondent |
Hamburg is set to sharply increase its share of the fiercely competitive North European container market after a long-delayed plan to
Container lines
Forwarding
Army Corps Releases Final Savannah Deepening Documents
Peter T. Leach, Senior Editor |
The U.S. Army Corps of Engineers released the final documents on Wednesday for the Savannah Harbor Expansion Project for review by state and federal agencies and the general public.
Port News
Transport, Trade and Regulation News
Forwarding
Truckload Driver Turnover Rate Slows
William B. Cassidy, Senior Editor |
Large truckload carriers had a slightly easier time holding onto truck drivers in the fourth quarter, with rising tonnage likely translating into more miles and pay.
Trucking labor
CTS Reports Growth in February Container Trade
Mike King, Special Correspondent |
Container imports to Europe increased 4 percent in February, while exports grew 8.89 percent, according to the latest analysis from Container Trade Statistics.
Forwarding
Vietnamese Container Ship Sinks After Collision
Mark Szakonyi, Associate Editor |
A Vietnamese vessel carrying 60 containers sank off the shore of southern Vietnam after it collided with a Thai ship Tuesday morning, according to reports.
Forwarding
FMC Considers Container Rate Index for Exports
Bill Mongelluzzo, Associate Editor |
The Federal Maritime Commission is interested in exploring a suggestion by agricultural shippers that establishing a container rate index for exports could be beneficial for U.S. shippers.
Forwarding
Horizon Operating Loss Narrows to $6.9 Million
Joseph Bonney, Senior Editor |
Horizon Lines said its fourth quarter loss on continuing operations narrowed to $6.9 million from $33 million a year earlier as
Container lines
Maersk to Raise Cargo Rates Again
JOC Staff |
Maersk Line is implementing a new round of general rate increases on various trade lanes that will take effect in May.
Forwarding
Trans-Pacific Spot Rates Hold Up
Peter T. Leach, Senior Editor |
The general rate increase implemented on March 15 by carriers on the eastbo
Container lines
Forwarding
"K" Line to Enhance Asia-Americas Services
Mike King, Special Correspondent |
"K" Line will upgrade its services linking Asia and Mexico and the west coast of South America ov
Container lines
Canadian Pacific Expects to Triple First Quarter Earnings
Mark Szakonyi, Associate Editor |
Canadian Pacific Railway expects first fiscal quarter diluted earnings per share to be triple that of the same period a year ago, a result that would strengthen the railroad’s position amid a pr
North-American rail
Horizon Cuts Debt, Eliminates Charter Obligation
Joseph Bonney, Senior Editor |
Horizon Lines has completed transactions that reduce the company’s net deb
Container lines
Forwarding
Maryland Fuel Tax Hike Dies in Committee
Mark Szakonyi, Associate Editor |
Maryland Gov. Martin O’Malley’s proposal to raise the state gas tax by 6 percent, or roughly 18 cents, died in committee, dampening the prospects of similar measures in other states.
Japanese Container Trade to Rise 3.3 Percent, Firm Says
Hisane Masaki, Special Correspondent |
Japanese containerized cargo trade will rise 3.3 percent in fiscal 2012, which started on April 1, from fiscal 2011 to 12.8 million 20-foot equivalent units, a Tokyo-based research firm predicted in a
Port News
OOCL Names Tung as New CEO
Peter T. Leach, Senior Editor |
OOCL named Andy Tung, its current chief operating officer, as its new chief executive, succeeding outgoing CEO Philip Chow, as of July 1.
Container lines
Carriers Face $20 Billion Cash Call in 2012, Alphaliner Says
Bruce Barnard, Special Correspondent |
Ocean carriers could face a short-term funding call of up to $20 billion in 2012 as they are not generating sufficient cash to cover interest payments and meet capital requirements, according to conta
Container lines
3.2 Percent Rise Forecast in April Retail Container Traffic
JOC Staff |
Import cargo volume at the nation’s major container ports is expected to increase 3.2 percent in April compared to the same month last year, and year-over-year gains should continue through the
Forwarding
YRC Freight Implements Network Changes
William B. Cassidy, Senior Editor |
YRC Freight implemented two changes of operations over the April 7 weekend, reconfiguring its terminal network to speed freight and reduce handling.
LTL
Trucking labor
British Airways-Iberia Cargo Volume Slips 2.9 Percent
Bruce Barnard, Special Correspondent |
International Airlines Group, the merged British Airways-Iberia carrier, reported cargo traffic down 2.9 percent in March as an 11.2 percent decline at the Spanish airline outweighed a 0.9 percent dro
Air Cargo Carriers News
Air France-KLM Cargo Volume Dipped in March
Bruce Barnard, Special Correspondent |
Air France-KLM carried 3.4 percent less cargo in March than a year ago as traffi
Air Cargo Carriers News
Trans-Pacific Carriers Plan Another Round of Westbound Rate Hikes
Mike King, Special Correspondent |
Container shipping lines in the Westbound Transpacific Stabilization Agreement have announced further rate hikes for dry
Forwarding
Container lines
US Auto Imports Wane While Exports Increase
Peter T. Leach, Senior Editor |
The U.S. auto trade is undergoing a sea change as the import share of the domestic market is set to level off in the next few years and exports of U.S.-made cars rise.
Forwarding
Busan Container Traffic Up 13.7 Percent in February
Mike King, Special Correspondent |
The Korean hub of Busan saw total container traffic expand 13.7 percent in February compared to a year earlier.
International ports
Forwarding
Increased Cargo Helped Boost Oman Air Revenues
Mike King, Special Correspondent |
Rising cargo income saw Oman Air’s total revenue jump 35 percent last year to OMR311.3 million ($807 million), but the Middle East still posted a year-end loss.
Air Cargo Carriers News
CMA CGM to Hike Rates on India-Europe Service
JOC Staff |
CMA CGM will raise its rates on westbound cargo moving on its Epic service from India to North Europe and the Mediterranean, starting May 1.
Container lines
Forwarding
Diesel Hits Highest Price Since August 2008
Mark Szakonyi, Associate Editor |
Diesel prices across the U.S. hit their highest point since August 2008 in the week ending April 9, climbing six-tenths of a cent as oil prices fell to more than $102 a barrel.
Trucking News
Q&A With YRC Freight, Regional Carriers
William B. Cassidy, Senior Editor |
Journal of Commerce Senior Editor William B. Cassidy interviewed the presidents of YRC Worldwide’s four less-than-truckload operating companies Feb.
LTL
Greenbrier Rolls Into Black on Higher Railcar Demand
Mark Szakonyi, Associate Editor |
Greenbrier rolled back into the black in its fiscal second quarter to a $17.7 million profit, as the rail supplier delivered 1,500 more railcars than it did a year ago.
North-American rail
Rail News
Osaka Box Trade Hit Record High in 2011
Hisane Masaki, Special Correspondent |
The number of foreign trade containers handled by the Port of Osaka in western Japan rose 9.8 percent in 2011 from the previous year to a record high of about 2.17 million twenty-foot equivalent units
Port News
Forwarding
AA Cargo’s Chicago-Helsinki Link Takes Flight in June
Mike King, Special Correspondent |
American Airlines Cargo will restart its daily service from Chicago to Helsinki on June 12.
Air Cargo Carriers News
Analyst Sees Carrier Actions as Biggest Threat to Rates
Mike King, Special Correspondent |
The reintroduction of idled container ships is the biggest threat to a l
Container lines
Forwarding
India Container Traffic Up 3 Percent
JOC Staff |
Container throughput at India's major ports grew 3 percent year-over-year in fiscal 2011-12, which ended March 31, the slowest growth rate in three years.
Forwarding
FDA Blocks More Orange Juice Imports
William B. Cassidy, Senior Editor |
Federal regulators testing imported orange juice for an illegal fungicide have stopped 144 shipments and found 30 shipments that tested positive.
Border Truck Traffic Up 1.7 Percent Last Year
Joseph Bonney, Senior Editor |
Commercial truck crossings into the U.S.
Transport, Trade and Regulation News
Trucking News
Freight Rate, Surcharge Update for Week of April 2-6
JOC Staff |
Mediterranean Shipping Company will seek a general rate increase on westbound trade from India to North Europe
Container lines
Forwarding
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