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'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
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
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
Maersk Suspends All North Europe-Asia Bookings
Bruce Barnard, Special Correspondent |
Maersk Line has suspended bookings on its North Europe-to-Asia services effective immediately as it battles to clear up a backlog of containers at clogged European terminals.
Container lines
Forwarding
Australia to Consider Bill Removing Shipping Tax
Peter T. Leach, Senior Editor |
Australia’s government will introduce legislation in the lower house of Parliament Friday to remove a tax on domestic shipping companies in an effort to counter a 40 percent decline in the natio
Forwarding
G6 Alliance to Skip Gdansk Calls on Loop 3
Peter T. Leach, Senior Editor |
The G6 Alliance’s Loop 3 Asia-Europe service will not include a call at the port of Gdansk, Poland, OOCL said Friday.
Container lines
Forwarding
Fraying at the Beams
Peter T. Leach, Senior Editor |
When it came time to impose the Transpacific Stabilization Agreement’s recommended March 15 rate increase, the 15 member carriers took different approaches.
Forwarding
Maritime
Container lines
Split Decision - for Now
Marsha Salisbury, Research Editor |
In the battle for dominance in the U.S. container shipping trades, Mediterranean Shipping Co. didn’t deliver a knockout, winner-take-all punch, but it sure came close.
Container lines
Maritime
Forwarding
Ocean Carriers' Big Splash
Peter Tirschwell |
What’s going on with the world’s container carriers? Maersk Line and other large carriers say they’re no longer seeking additional market share.
Maritime
Container lines
Forwarding
Nippon Express US Unit Invests in Colombian Firm
Hisane Masaki, Special Correspondent |
Nippon Express Co., Japan’s largest international freight forwarder, said that its U.S. subsidiary has formed a capital alliance with Colombia’s Map Cargo S.A.S.
Air Cargo
BNSF Rates Unfair, Captive Shippers Tell STB
Mark Szakonyi, Associate Editor |
Shippers on Thursday got their shot to tell the Surface Transportation Board that it’s unfair for them to pay higher rates to BNSF Railway because of the $8.1 billion premium Berkshire Hathaway
North-American rail
DHL Express Adds Hong Kong-LA Freighter
William B. Cassidy, Senior Editor |
DHL Express is expanding next-day package service between Asia and the U.S. and Western Canada with a new flight connecting Hong Kong and Los Angeles.
Air Cargo Forwarder News
US Manufacturing ‘on Track’ for Growth, Report Says
Joseph Bonney, Senior Editor |
U.S.
Transport, Trade and Regulation News
Spot Rates Ease in Asia-Europe Trade
Peter T. Leach, Senior Editor |
Average spot prices in the Asia-Europe trade slid this week for the third consecutive week following the huge March 1 general rate increase implemented by carriers in the trade.
Forwarding
Maritime
Container lines
Lufthansa to Sell Jade Cargo Stake
Bruce Barnard/Special Correspondent |
Lufthansa Cargo plans to sell its 25 percent stake in Jade Cargo International, the China-based carrier that grou
Air Cargo Carriers News
APM Terminals Gets Green Light on Moin Project
Bruce Barnard, Special Correspondent |
Costa Rica gave the final go-ahead for APM Terminals’ 33-year concession to build and operate a $992 million container terminal at the Caribbean port of Moin.
Port News
Forwarding
Costamare to Sell 7.5 Million Shares, Purchase Ships
Bruce Barnard, Special Correspondent |
Container ship charter owner Costamare said proceeds from the sale of 7.5 million shares in a secondary offering on the NYSE will be used to acquire ships and repay debt.
Container lines
Forwarding
FedEx Profit More Than Doubles
Joseph Bonney, Senior Editor |
FedEx Corp.’s profit more than doubled during its fiscal third quarter, fueled by record holiday package shipping,
Air Cargo Forwarder News
LTL
Port of Mumbai to Waive Charges on Collision-Affected Traffic
JOC Staff |
Bowing to intense pressure from the local trade community, India’s Mumbai Port Authority agreed to waive charges levied on vessels stranded at cargo terminals because of the port shutdown in Aug
Port News
Maritime
Japan Posts Surprise Trade Surplus
Hisane Masaki, Special Correspondent |
Japan posted a surplus of $396.39 million in its trade with the rest of the world in February after incurring a record monthly deficit of $17.80 billion in January, according to preliminary figures re
Transport, Trade and Regulation News
D.A. Landis Pleads Guilty to Driver Log Fraud
William B. Cassidy, Senior Editor |
The owner of a Pennsylvania trucking company who pushed drivers to violate hours of service limits could spend years in jail for trying to flout the truck safety rules.
APM Terminals Says Ports Must Prepare for Giant Ships
Bruce Barnard, Special Correspondent |
APM Terminals said ports must start to draw up plans now to handle the future generation of giant container ships with capacities up to 22,000 20-foot equivalent units.
Port News
Forwarding
Senate Democrats Blast House GOP Transport Extension
Mark Szakonyi, Associate Editor |
Democratic Senate leaders, along with Department of Transportation Secretary Ray LaHood, urged House Republicans to adopt their two-year transport bill instead of endangering thousands of jobs by push
LTL
Lufthansa Cargo Doubles Detroit Flights, Adds China Services
Bruce Barnard, Special Correspondent |
Lufthansa Cargo is adding three new destinations in China and ramping up its recently launched freighter service to Detroit in the summer flight schedule beginning on March 25.
Air Cargo Carriers News
NAFTA Trade Value Hit Record High in 2011
Joseph Bonney, Senior Editor |
The value of surface transportation trade between the United States and its North American Free Trade Agreement partners Canada and Mexico increased by 14.3 percent to a record $904 billion in 2011, <
Transport, Trade and Regulation News
Trucking News
Rail News
XPO Logistics Raises $137 Million in Stock Offering
William B. Cassidy, Senior Editor |
XPO Logistics raised $136.7 million through a public stock offering, exceeding its initial expectations as it secured funds for acquisitions and expansion.
Truck brokers
Jaguar Land Rover to Make Cars with Chery in China
Peter T. Leach, Senior Editor |
Jaguar Land Rover, a unit of India’s Tata Motors, is forming a joint venture with Chery Automobile of China to manufacture the U.K.-based automaker's luxury vehicles in China.
Transport, Trade and Regulation News
NYSA's Curto Responds to Waterfront Commission Report
Joseph Bonney, Senior Editor |
Inefficient work and pay practices criticized by the Waterfront Commission should be addressed “at the bargaining table – not publicly in the political world and surely not in the press,&r
Longshore labor
Hapag-Lloyd Posts $38.3 Million Net Loss
Bruce Barnard, Special Correspondent |
Hapag-Lloyd swung to a net loss of $38.3 million in 2011 from a $565 million profit in 2010.
Container lines
Forwarding
Waterfront Commission Blasts NY-NJ Port Job Practices
Joseph Bonney, Senior Editor |
Hiring and work practices at the Port of New York and New Jersey breed inefficiency, favor “a privileged few,” and invite organized-crime influence, the Waterfront Commission of New York H
Longshore labor
Trans-Pacific Spot Rates Stay Steady
Peter T. Leach, Senior Editor |
Spot rates on the trans-Pacific trade stayed flat week-over-week this week after a 13.6 percent jump last week that followed the rate increase of $300 per 40-foot equivalent unit on March 15
Container lines
Forwarding
Cosco, Hanjin to Start Far East to Houston Loop
Peter T. Leach, Senior Editor |
Cosco Container Lines and Hanjin Shipping plan to launch a new service between the Far East, Panama and Houston at the end of April.
Container lines
Forwarding
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