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Platts Containers Update
Volume Drops for Cathay Pacific
Mike King, Special Correspondent |
Cathay Pacific Airways saw a double-digit drop in cargo and mail tonnage shipments last month.
Air Cargo Carriers News
MASkargo Pays $6 Million Fine in Price-Fixing Case
Mike King, Special Correspondent |
Malaysia Airlines and its cargo division MASkargo have agreed to pay a multimillion-dollar penalty for their role in fixing prices on routes from Indonesia to Australia in the early part of the last d
Air Cargo Carriers News
Sime Darby to Invest Millions in Chinese Port
Mike King, Special Correspondent |
Malaysian conglomerate Sime Darby will invest RM1.4 billion ($144 million) in its Chinese port operations over the next three years.
Port News
MSC Adds Asia-US Bunker Surcharges
Peter T. Leach, Senior Editor |
Mediterranean Shipping Co. said it will implement a new bunker adjustment factor on all container shipments from the Far East to both coasts of the U.S. as of July 1.
Container lines
Forwarding
APL Adds Peak-Season Surcharge on India-US Trade
JOC Staff |
Singapore-based container carrier APL imposed a peak-season surcharge on cargo shipped from India to the U.S., effective June 15.
Container lines
Forwarding
LA-LB Ports Face Chassis Issues
Bill Mongelluzzo, Associate Editor |
If the ports of Los Angeles and Long Beach experience congestion during the peak-shipping season this fall, it won’t be due to insufficient infrastructure or marine terminal capacity, Southern C
Port News
Forwarding
Drayage
North American ports
Marine terminals
Online Sales Trigger Speculative Real Estate Development
David Biederman |
Third-party logistics providers and shippers aren’t waiting for a full economic recovery to take stock of their warehousing and distribution strategies.
Industrial Real Estate News
US Intermodal Volume Up 15.2 Percent From Prior Week
Mark Szakonyi, Associate Editor |
Intermodal shipments on major U.S.
Intermodal providers
North-American rail
Long Beach Container Volumes Down in May
Bill Mongelluzzo, Associate Editor |
Container volumes at the Port of Long Beach declined 7.23 percent in May compared to May 2011, with imports dropping 9.15 percent and exports down 0.83 percent.
Port News
Forwarding
OOCL Shuffles Management Responsibilities
Peter T. Leach, Senior Editor |
OOCL announced three changes in its management team on Thursday.
Container lines
Container Volumes Rise at Port of Los Angeles
Bill Mongelluzzo, Associate Editor |
Container volumes at the Port of Los Angeles inched up in May along seasonal trends. Imports increased 2.7 percent compared to May 2011, and exports were up less than 1 percent.
Port News
Forwarding
Arkansas Best Buys Panther Expedited for $180 Million
William B. Cassidy, Senior Editor |
Arkansas Best, parent of less-than-truckload operator ABF Freight System, is acquiring non-asset carrier Panther Expedited Services for $180 million.
Trucking News
LTL
Congress Wants DHS to Consider All-Cargo Air Carrier Screening
Mark Szakonyi, Associate Editor |
The investigative arm of Congress wants the Department of Homeland of Security to determine the costs and benefits of requiring all-cargo air carriers to report screening data for U.S.-bound freight,
Air Cargo Forwarder News
Transport, Trade and Regulation News
Air Cargo
US Steel Exports Rose 13.6 Percent in April
Joseph Bonney, Senior Editor |
U.S. steel exports in April rose 13.6 percent year-over-year but posted their third consecutive month-to-month decline, government statistics show.
Forwarding
Asia-Europe Spot Rates Slide for Sixth Week
Peter T. Leach, Senior Editor |
Average spot rates on the Asia-Europe trade slipped slightly this week for the sixth week in a row, reflecting the growing amount of new capacity that is being deployed and of
Forwarding
Idle Container Fleet Drops 47 Percent
Peter T. Leach, Senior Editor |
The idle container fleet has dropped by 47 percent in the last three months as freight rates continue to increase, BIMCO said Thursday.
Forwarding
Bulgaria Seeks Buyer for State Rail Freight Operator
Bruce Barnard, Special Correspondent |
Bulgaria has issued a tender for the sale of the state-owned railway company BDZ’s cargo operation.
Rail News
India's Trade Deficit Narrows
JOC Staff |
India’s trade deficit narrowed 12 percent in May, the second month of fiscal 2012-13, but both exports and imports fell on a year-over-year basis, the Commerce Ministry reported on Thursday.
Transport, Trade and Regulation News
Forwarding
S&P Downgrades CMA CGM Credit Ratings
Peter T. Leach, Senior Editor |
Standard & Poor’s Ratings Services on Thursday lowered its long-term corporate credit rating on CMA CGM’s debt to “CCC plus” from “B minus”, saying its liquidit
Container lines
Forwarding
Kuehne+Nagel Launches Singapore Aerospace Logistics Hub
Bruce Barnard, Special Correspondent |
Kuehne+Nagel has launched a new customized spare parts logistics hub “solution” for the aerospace industry in Singapore.
Industrial Real Estate News
APM Terminals Names New Europe Head
Bruce Barnard, Special Correspondent |
APM Terminals has named Ben Vree executive chairman of its European operations, which account for 36 percent of the A.P.
Port News
Forwarding
Shippers Shift Modes Seeking Savings, Capacity
William B. Cassidy, Senior Editor |
Rising transportation costs and tight truckload capacity are creating more opportunities for intermodal rai
Rail News
Forwarding
North-American rail
Truckload Rates Flat in May, Intermodal Pricing Rises
William B. Cassidy, Senior Editor |
Truckload rates shifted into lower gear in May, rising only 5 percent from a year ago and staying basically flat from April, according to Cass Information Systems.
Truckload
CSAV Secures Financing for New Ships
Peter T. Leach, Senior Editor |
CSAV said it secured a $90 million 12-year loan from Germany’s DVB bank to complete the financing of the last two container ships out of a total of seven ordered from the Samsung Heavy Industri
Container lines
APM Terminals to Unveil $500 Million China Deal
Bruce Barnard, Special Correspondent |
APM Terminals, the global ports operator, is set to unveil an investment of more than $500 million in a new container terminal in China,
Port News
Shippers See Trouble as Truck Capacity Tightens
William B. Cassidy, Senior Editor |
As trucking capacity tightens, shippers are increasingly concerned about their ability to get goods to customers on time, logistics executives said Wednesday.
Trucking News
Global Semiconductor Sales Give Air Cargo Carriers April Boost
Mark Szakonyi, Associate Editor |
The ailing global air cargo industry got a little help from the semiconductor s
Air Cargo Forwarder News
Air Cargo
APM Terminals Orders Bromma Spreaders for Maasvlakte II
Peter T. Leach, Senior Editor |
APM Terminals, on a crane-buying spree, Tuesday ordered 31 ship-to-shore spre
Port News
Forwarding
Box Ships Buys Two Container Vessels from OOCL
Bruce Barnard, Special Correspondent |
Greece’s Box Ships Inc.
Container lines
Forwarding
Five Carriers Reconfigure Peak Asia-Latin America Slings
Peter T. Leach, Senior Editor |
Five carriers announced plans to reconfigure the slings of their joint service to meet peak-season demand on the trade between Asia and the West Coast of Mexico and South America.
Container lines
Forwarding
China Could Seize EU Aircraft in Escalating Emissions Row
Bruce Barnard, Special Correspondent |
China has warned it might impound European aircraft if the European Union penalizes its carriers for not complying with its carbon emissions program.
Air Cargo Forwarder News
Logistics Costs Rose 6.6 Percent Last Year
Joseph Bonney, Senior Editor |
U.S.
International ports
Trucking News
Rail News
Descartes to Acquire IES
Peter T. Leach, Senior Editor |
Descartes Systems Group said it will acquire substantially all of the assets of Integrated Export Systems and IES Asia for about $35 million in cash.
International ports
Peak Surcharge Fuels 20 Percent Jump in Trans-Pacific Rates
Peter T. Leach, Senior Editor |
Average spot rates on the eastbound trans-Pacific trade surged 20 percent this week as carriers put a peak-season surcharge into effect on June 10.
Forwarding
ANA, JAL See Growth in International Cargo Volumes
Hisane Masaki, Special Correspondent |
Japan’s All Nippon Airways Co. said that its international cargo volume grew for the third consecutive month in April on a year-on-year basis, rising 1.7 percent to 44,936 tons.
Air Cargo Carriers News
MSC to Raise Rates on Asia-Europe Trade
JOC Staff |
Mediterranean Shipping Company has joined other liner operators in seeking a general rate inc
Container lines
Forwarding
Virginia Container Volume Jumps 12.6 Percent
Peter T. Leach, Senior Editor |
The volume of containers handled by the Port of Virginia in May jumped by 12.6 percent to 178,584 20-foot-equivalent units from the same month last year.
Port News
Forwarding
North American ports
ILA, USMX to Resume Labor Negotiations
Joseph Bonney, Senior Editor |
The International Longshoremen’s Association and United States Maritime Alliance are scheduled to resume negotiations when the ILA’s wage scale committee meets on June 27-29 in Delray Beac
Longshore labor
Global Port Tracker Forecasts Strong Peak Season Imports
Bill Mongelluzzo, Associate Editor |
Containerized imports will increase gradually during the summer months and are projected to rise sharply in September and October, according to the Global Port Tracker published by the National Retail
Forwarding
PierPass Traffic Mitigation Fee to Rise 2.5 Percent
Bill Mongelluzzo, Associate Editor |
Terminal operators in Los Angeles-Long Beach on Aug.
Port News
North American ports
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