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Platts Containers Update
US Durable Goods Orders Rise 2.2 Percent
Mark Szakonyi, Associate Editor |
Orders for U.S.
Transport, Trade and Regulation News
Trans-Pacific Spot Rates Ease, But Stay High
Peter T. Leach, Senior Editor |
Average trans-Pacific spot rates this week eased off from their recent high of two weeks ago when carriers that belong to the Transpacific Stabilization Agreement put into effect
Container lines
Forwarding
Protest Closes India's Port Nehru
JOC Staff |
A protest by local political parties and trade unions shut down India’s Port of Jawaharlal Nehru (Nhava Sheva), forcing ocean carriers to skip calls at the
Longshore labor
Forwarding
Pacer Names Benki to Run Asia, Europe Logistics
Peter T. Leach, Senior Editor |
Pacer International named Al Benki as senior vice president, international logistics for Asian and European operations, where he will be responsible for growth of its international business units, Oce
International ports
Forwarding
Cosco Pacific Profit Climbs 7.6 Percent
Peter T. Leach, Senior Editor |
Cosco Pacific on Tuesday reported a net profit of $388.8 million for 2011, an increase of 7.6 percent year over year.
Port News
Forwarding
MSC Merges India-Europe-Mediterranean Services
JOC Staff |
Mediterranean Shipping Company will upgrade and combine its existing Indian Subcontinent-Europe-Mediterranean service network operated in conjunction with Shipping Corporation of India, effective in e
Container lines
Forwarding
China's Growth Tied to Technology, Consultant Says
Bill Mongelluzzo, Associate Editor |
China will continue to expand its economy, but its growth will be based upon technology and innovation rather than low-cost labor, according to a consultant who has lived there for the past 20 years.<
Transport, Trade and Regulation News
Illios Shipping Fined for Illegal Waste Dumping
Mark Szakonyi, Associate Editor |
The Department of Justice ordered Illios Shipping to pay $2 million in criminal fines after the Greek carrier admitted to illegally dumping waste and destroying related records.
Forwarding
Shipper Group Enters Trucker Hours-of-Service Battle
William B. Cassidy, Senior Editor |
Shipper association NASSTRAC joined the legal battle over truck driver hours-of-service rules, challenging a lawsuit seeking shorter daily hours for truckers.
Trucking labor
Truck Tonnage Index Rises 5.5 Percent
William B. Cassidy, Senior Editor |
A key indicator of trucking activity rose 0.5 percent in February from January, signaling truck freight volumes are rising after a post-holiday decline.
Truckload
LTL
Rickmers and TOTE Join World Shipping Council
Peter T. Leach, Senior Editor |
Rickmers-Linie and TOTE have joined the World Shipping Council as the newest members of the Washington-based maritime association.
Container lines
Forwarding
UASC to Hike Europe-Asia Cargo Rates
JOC Staff |
United Arab Shipping Company will apply a general rate increase on eastbound cargo from North Europe to Asia and the Indian Subcontinent.
Container lines
Forwarding
Fedex Trade Networks Expands in US
William B. Cassidy, Senior Editor |
FedEx Trade Networks is expanding its U.S. freight forwarding operations, opening offices in Phoenix, St. Louis, Mo., and Milwaukee, Wis.
Air Cargo Forwarder News
Trailer, Truck Orders Create Backlogs
William B. Cassidy, Senior Editor |
Truck trailer makers are struggling to keep up with demand, as strong orders create production backlogs, according to vehicle market consultant ACT Research.
Truckload
Horizon Expects $6.4 Million Fourth Quarter Loss
Peter T. Leach, Senior Editor |
Horizon Lines said Tuesday it expects to report a fourth quarter loss of $6.4 million from continuing operations basis on a GAAP (general accepted accounting principles) basis, compared with an operat
Container lines
Forwarding
DP World Repays $3 Billion Loan Early
Bruce Barnard, Associate Editor |
Global ports operator DP World is tapping its cash resources to repay a $3 billion revolving credit facility six months before it matures in October.
Port News
Forwarding
Yokohama Container Volume Slides 6.2 Percent
Hisane Masaki, Special Correspondent |
International trade through Japan’s Port of Yokohama declined 6.2 percent in 2011 from 2010 to 2.8 million 20-foot equivalent units, according to preliminary figures released by the Yokohama mun
Port News
Forwarding
Hanjin Takes Delivery of First 13,000-TEU Ships
Peter T. Leach, Senior Editor |
Hanjin Shipping took delivery of the first two of a series of nine 13,100-TEU capacity container
Container lines
Forwarding
Operating Profit, Traffic Soar at Russia's Global Ports
Bruce Barnard, Special Correspondent |
Russia’s Global Ports booked net income of $146.9 million in 2011, up 23 percent on the previous year, as its Baltic and Far East container terminals boosted traffic 44 percent to more than 1.3
Port News
Forwarding
Obama Team Pushing Export Promotion Initiatives
Bill Mongelluzzo, Associate Editor |
Encouraging small and midsize companies to enter the export arena will put the U.S.
Forwarding
Supreme Court Seeks Solicitor General's Opinion in Clean-Trucks Case
Bill Mongelluzzo, Senior Editor |
A challenge to the Port of Los Angeles concession requirements for motor carriers moved a step closer to the U.S.
Drayage
Trucking News
Rail News
Trucking labor
MSC Imposes Equipment Surcharge in Europe-Asia Trade
Bruce Barnard, Special Correspondent |
Mediterranean Shipping Co is imposing an “equipment imbalance“ surcharge and “no-show” penalties on the North Europe-Asia route after rival Maersk Line stopped taking cargo boo
Container lines
Forwarding
Diesel Prices Hit 33-Month High
Mark Szakonyi, Associate Editor |
Diesel prices across the U.S. hit a 33-month high in the week ending March 26, climbing half a cent as oil prices rose to nearly $107 per barrel.
Transport, Trade and Regulation News
US Container Exports Grew 2.3 Percent in January
Peter T. Leach, Senior Editor |
U.S. containerized exports increased modestly in January as solid growth in Asian markets was partially offset by losses in European markets. Overall U.S.
Forwarding
Maritime
Hapag-Lloyd Plans Europe-Asia Fuel Surcharge
JOC Staff |
Hapag-Lloyd will impose an “interim fuel participation” surcharge on Europe-Asia trade lanes to cover rising bunker costs.
Container lines
Forwarding
NY-NJ Port Authority Submits Bayonne Bridge Plan for Fast US Review
Peter T. Leach, Senior Editor |
The Port Authority of New York and New Jersey on Friday submitted to federal officials a formal request that the Bayonne Bridge "Raise the Roadway" project be considered for expedited review
Port News
Maritime
Container lines
Forwarding
North American ports
Shipping Confidence Up on Rate Expectations, Survey Finds
Peter T. Leach, Senior Editor |
Overall confidence levels in the shipping industry increased slightly in the three months ended February 2012, reaching its highest level since May 2011, according to the latest Shipping Confidence Su
Container lines
Maersk CEO Andersen Faces More Surgery
Peter T. Leach, Senior Editor |
A.P. Moller-Maersk CEO Nils Smedegaard Andersen will remain on sick leave another six to eight weeks pending further surgery to fix a heart problem, the Danish group said Monday.
Container lines
Maritime
Forwarding
Japan, Canada Agree to Launch FTA Talks
Hisane Masaki, Special Correspondent |
Japan and Canada have formally agreed to launch negotiations on a bilateral free trade agreement (FTA) to eliminate import tariffs on most products and strengthen overall economic relations.
Transport, Trade and Regulation News
Can James Welch Save YRC?
William B. Cassidy, Senior Editor |
When a news headline last week declared YRC Worldwide was “back at (the) brink” of the default and bankruptcy filing it narrowly avoided in late 2009, nerves quickly frayed at the long-tro
LTL
Trucking News
Banking on an Extension
R.G. Edmonson, Associate Editor |
An electronics manufacturer in Singapore last year wanted 25,000 wire forms to be used in one of its products, and it needed them fast.
Transport, Trade and Regulation News
Maritime
Forwarding
NY-NJ's Global Reach
Peter T. Leach, Senior Editor |
By the middle of 2014, the Port of New York and New Jersey will have a container terminal able to handle ships carrying 10,000 20-foot equivalent container units.
Port News
Maritime
Forwarding
States Push for Higher Fuel Taxes
Mark Szakonyi, Associate Editor |
While the Senate pats itself on the back for passage of a mere two-year surface transportation bill, a handful of states are pushing what most of their federal brethren decry as infeasible: fuel tax h
Transport, Trade and Regulation News
Learning From Chile
Alan M. Field |
No one is more delighted about the impact of 2004’s U.S.-Chile Free Trade Agreement of 2004 than Tom Tjerandsen, North American managing director of the Chilean Fresh Fruit Association.
Maritime
Transport, Trade and Regulation News
Forwarding
Providing Southern Comfort
Bill Mongelluzzo, Associate Editor |
When automobile manufacturer Fiat in 2010 announced plans to build a $1.8 billion plant in northeastern Brazil, CEVA, a global non-vessel-operating common carrier and third-party logistics provider, s
Transport, Trade and Regulation News
'Freight Is Not a Dirty Word'
William B. Cassidy, Senior Editor |
When he arrived in Overland Park, Kan., last July, James Welch began his plan to restart YRC Worldwide by cleaning house at the holding company, starting at the top.
LTL
Trucking News
Driving Ambition
William B. Cassidy, Senior Editor |
When Steve Russell buys a trucking company, it’s not because he wants trucks.
Truckload
Trucking News
Trucking labor
Rail Renaissance Rides South
Mark Szakonyi, Associate Editor |
Mexico’s rail industry is poised for growth, especially in intermodal shipments.
North-American rail
Rail News
Transport, Trade and Regulation News
Bogota or Bust
Alan M. Field |
In the fashionable neighborhoods of Bogota, the gourmet restaurants, lively nightclubs and luxurious hotels are brimming with foreign executives eager to sign trade and investment deals in South Ameri
Maritime
Transport, Trade and Regulation News
Forwarding
Korea's Beef and Booze Boom
R.G. Edmonson, Associate Editor |
Next time you’re dining out in Seoul, have a good steak and wash it down with a shot of Jack Daniel’s, compliments of U.S. exporters.
Transport, Trade and Regulation News
Maritime
Forwarding
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