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Breakbulk Quarterly Intelligence
Platts Containers Update
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, Trans-Pacific |
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
ODFL Opens Oakland Drayage Center
William B. Cassidy, Senior Editor |
Trucking company Old Dominion Freight Line opened a drayage facility in Oakland, Calif., expanding its container-hauling business to meet higher demand.
Drayage
Chinese New Year Hits Tacoma Volumes
Bill Mongelluzzo, West Coast Editor |
Container volumes at the Port of Tacoma declined 2.2 percent in February compared to the same month last year.
Port News
Container lines
Forwarding
Reinventing YRC: Q&A With CEO James Welch
William B. Cassidy, Senior Editor |
Journal of Commerce Senior Editor William B. Cassidy interviewed YRC Worldwide CEO James P.
LTL
FedEx to Pay $3 Million to Settle Bias Claims
William B. Cassidy, Senior Editor |
FedEx will pay $3 million to more than 21,000 rejected job applicants to settle allegations of hiring discrimination, the Labor Department said Thursday.
Air Cargo Carriers News
Air Cargo Forwarder News
Rail Intermodal Shipments Up 2 Percent for Week
Mark Szakonyi, Associate Editor |
U.S. intermodal rail shipments in the week ending March 17 rose 2 percent year-over-year, and traffic was flat on a week-to-week basis, according to the Association of American Railroads.
North-American rail
Maersk Sets New Round of Far East Rate Hikes
JOC Staff |
Maersk Line is implementing a new round of general rate increases in its Far East Asia services, starting April 15.
Container lines
Forwarding
FEC Industries to Add Passenger Rail in Florida
William B. Cassidy, Senior Editor |
Florida East Coast Industries will launch a private passenger rail service linking South Florida and Orlando in 2014, the real estate and transportation company said Thursday.
Rail News
Sunteck Transport Parent Boosts Sales, Profit
William B. Cassidy, Senior Editor |
More transportation services and a bigger agent network helped logistics operator AutoInfo increase gross revenue 14.4 percent to $320 million
Truck brokers
Seaway Season Opens With New Trade Patterns
Courtney Tower, Special Correspondent |
Coal from the Powder River Basin in Montana and Wyoming, and iron ore from the U.S.
Container lines
Forwarding
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