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NAFTA Surface Trade Rises 11 Percent
William B. Cassidy |
The dollar value of U.S. surface trade with Canada and Mexico rose 11 percent in June to $77.5 billion, the Bureau of Transportation Statistics said Tuesday.
Transport, Trade and Regulation News
Trucking News
Rail News
LTL
Irish Continental Profit Falls 20 Percent
Bruce Barnard |
Irish Continental Group’s first half earnings shrunk nearly 20 percent to $23.2 million from a year ago, as higher fuel bills offset a 12 percent increase in roll on/roll off freight volume.
Forwarding
Maritime
Container lines
Japanese Port Resumes International Service
Hisane Masaki |
Regular international container services will partially resume next month at the most important port in the northeastern Japanese region of Tohoku, which bore the brunt of the earthquake and tsunami i
Port News
Forwarding
FedEx Freight Expands in Mexico
William B. Cassidy |
FedEx Freight is expanding in Mexico, adding terminals in Toluca, Puebla and Veracruz through its alliance with Mexican carrier Auto Lineas America.
LTL
Trucking News
CMH Doubles Profit, Warns of China Export Decline
Peter T. Leach |
China Merchants Holdings (International) doubled its first half profit year-over-year to $501.1 million, as the port operator’s container volume grew and it received a one-time gain linked to a
Port News
Maritime
Forwarding
OOCL Adds Two Cranes at Taiwan Port
Peter T. Leach |
OOCL plans to increase productivity at its Kaohsiung Container Terminal in Taiwan by up to 10 percent by adding two super-post-Panamax gantry cranes to the existing six cranes.
Port News
Maritime
Forwarding
India Tightens Rules for Aging Ships
JOC Staff |
The Indian government will review vessels older than 25 years before they are allowed to sail in Indian waters.
Forwarding
Maritime
Panalpina Starts Intra-Asia Truck Network
JOC Staff |
Freight forwarder Panalpina, looking to capitalize on the growing importance of intra-Asia trade
Truckload
Trucking News
LTL
Alphaliner Says Vietnam Port Faces Overcapacity
Bruce Barnard |
International port companies face rising losses at Vietnam’s showpiece Cai Mep container port as terminals are operating at less than half of their capacity, according to industry analyst Alphal
Port News
Maritime
Forwarding
CSX Expands Columbus Intermodal Terminal
Mark Szakonyi |
CSX will spend $59 million to expand its intermodal terminal in Columbus, Ohio, leveraging its new terminal to the north and part of its $850 million initiative to better connect East Coast ports with
Intermodal providers
Rail News
North-American rail
Purolator Adds Three US Offices
William B. Cassidy |
Purolator International, moving to double its footprint in the United States, said it plans to open three more branch offices in the U.S. this year after opening seven facilities since January.
Air Cargo Forwarder News
Trucking News
Diesel Prices Rise First Time In Six Weeks
Mark Szakonyi |
Diesel prices across the United States rose 1 cent in the week ending Aug. 29, increasing for the first time in six weeks as oil prices rose on a report of increased consumer spending.
Truckload
Trucking News
LTL
LAX Freight Decline Accelerates in July
JOC Staff |
Freight tonnage at Los Angeles International declined for the fourth straight month in July, falling 7.3 percent in an accelerating slump in cargo business at North America’s largest Pacific air
Air Cargo Carriers News
Air Cargo
Consumer Spending Jumps 0.8 Percent
Mark Szakonyi |
Consumer spending rose 0.8 percent in July, the Commerce Department reported, as strong demand for motor vehicles led the strongest gain in the consumer market in five months and provided a boost for
Transport, Trade and Regulation News
Forwarding
Clean Energy Fuels Gets $150 Million Boost
William B. Cassidy |
Three global investors will pump $150 million into a U.S. company that plans to build a nationwide network of natural gas fueling stations for heavy trucks.
Truckload
Trucking News
LTL
DOT’s Summer Stimulus Nears $2.2 Billion
John D. Boyd |
The Department of Transportation has paid out nearly $2.2 billion to states in stimulus project funds this summer.
Transport, Trade and Regulation News
CMA CGM Forecasts Positive 2011
Mark Szakonyi |
CMA CGM expects 2011 to be a positive year despite reporting a 72 percent year-over year decline in first-half profit to $237 million, as higher fuel costs offset shipping volume gains.
Container lines
Maritime
Forwarding
Court Overturns Onboard Truck Recorder Rule
William B. Cassidy |
A federal appeals court overturned a rule that would require certain trucking companies to use electronic onboard recorders to monitor drivers.
Truckload
Trucking News
LTL
Post-Storm Flooding, Road Debris Slows Trucking
William B. Cassidy |
Major trucking companies along the U.S.
Truckload
Trucking News
LTL
Star Reefers Wins $16.5 Million in Damages
Bruce Barnard |
Star Reefers won $16.5 million in damages from a Russian fruit importer that terminated charters on the Norwegian ship-owner’s refrigerated cargo ships 14 months before their expiration.
Forwarding
Maritime
Maersk Line Launches Ecuador-Europe Service
Bruce Barnard |
Maersk Line is launching a direct service connecting Ecuador with Spain, Turkey and the Black Sea in late September, as it targets Latin America banana exports to European and Russian markets.
Container lines
Maritime
Forwarding
Big Lots Keeps Inventory Low in "Fragile" Market
Mark Szakonyi |
Big Lots is comfortable with its inventory levels being down more than 70 percent year-over-year, considering the “fragile” consumer market.
International ports
Ports Open After Irene, Trucks and Rails Resume Service
JOC Staff |
Major East Coast ports re-opened Monday and trucking and railroad companies slowly resumed services as they began making a full assessment of damage to transportation operations that took the impact o
Port News
Maritime
Rail News
Forwarding
North-American rail
APL Logistics Takes "Cautious" Outlook Into 2012
Mike King |
APL Logistics is taking a “cautious” outlook for the rest of the year and into 2012, despite a strong first half-year performance and growth in emerging markets and automotive logistics.
International ports
Maritime
Trucking News
Rail News
Horizon Lines Seeks to Exchange $330 Million Debt
Joseph Bonney |
Horizon Lines is asking bondholders to swap $330 million in convertible notes for new debt and equity and said approval will allow the carrier to finish a $655 million refinancing by the end of Septem
Maritime
Container lines
Forwarding
BNSF Reopening Key Missouri River Route Early
John D. Boyd |
BSNF Railway will reopen an important flooded out track segment across the Missouri River on Sept. 3, five days earlier than planned.
North-American rail
Rail News
DOT Names New Marine Highways Panel
R.G. Edmonson |
The Department of Transportation on Friday announced a new maritime advisory panel aimed at helping the Maritime Administration promote marine highways, restoring the panel two years after DOT dismiss
Container lines
Maritime
Transport, Trade and Regulation News
Customs Resumes ACE Testing
R.G. Edmonson |
Customs and Border Protection on Friday started advance testing of the ocean and rail cargo manifest systems in the Automated Commercial Environment
Transport, Trade and Regulation News
Maritime
Rail News
Florida County OKs FEC Intermodal Terminal
RailResource |
The Broward County Board of County Commissioners on Aug.
Intermodal providers
Maritime
Rail News
Forwarding
US Airlines Pulling Domestic Capacity
JOC Staff |
U.S.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Consumer Confidence Sinks to 33-Month Low
Joseph Bonney |
U.S. consumer sentiment hit its lowest level since November 2008, a decline aggravated by political battles in Washington, according to a survey.
Transport, Trade and Regulation News
Forwarding
Court Blocks Anti-Carp Effort to Close Waterway
R.G. Edmonson |
A federal appeals court, siding with shippers and carriers, blocked the state of Michigan and four other Great Lake states’ request to close Chicago-area waterway shipping locks to prevent Asian
Container lines
Maritime
Cosco Loses $432 Million, Settles Charter Disputes
Joseph Bonney |
China Cosco Holdings posted a first-half net loss of $432 million, compared with a net profit of $553 million a year earlier, and said reached agreements on bulk carrier charter disputes that led to s
Container lines
Maritime
Forwarding
Green Reefers Loses $11 Million
Bruce Barnard |
Green Reefers narrowed its second quarter loss to $11 million from $13 million a year ago, but the conventional refrigerated cargo ship operator warned of growing competition from container vessels.
Maritime
Cool Cargo News
Forwarding
China Shipping Warns of Persistent Downturn
Joseph Bonney |
China Shipping Container Lines lost $95 million in the first half of the year compared with a profit of $264 million a year earlier, as slumping rates and volumes pushed revenue down 12.9 percent.
Container lines
Maritime
Forwarding
UASC to Hike Europe-India Freight Rates
JOC Staff |
United Arab Shipping will apply a general rate increase on the eastbound trade from North Europe to the Indian Subcontinent and the Arabian Gulf, starting Sept. 15.
Forwarding
Hapag-Lloyd Hikes Atlantic Rates
Joseph Bonney |
Hapag-Lloyd announced general rate increases, effective. Oct. 1, for shipments between the U.S., Canada and Mexico and North Europe and the Mediterranean.
Container lines
Maritime
Forwarding
Bulk Rail Traffic Hits New 2011 High
John D. Boyd |
Bulk carload traffic at major North American railroads rose 2.8 percent in week ending Aug. 20 from a week earlier, setting a new volume peak for 2011.
North-American rail
Rail News
Intermodal Rises, Outpaces Year-Ago Volume
John D. Boyd |
Major railroads in the U.S., Canada and Mexico picked up 1.3 percent more intermodal containers and trailers last week than the week previous, for their second-highest total of 2011.
Intermodal providers
Rail News
North-American rail
OOCL Names Devine Corporate Logistics Director
JOC Staff |
Orient Overseas Container Line named Paul Devine, a longtime sales executive in the carrier’s North America business, to be the new general manager for corporate logistics at OOCL’s Hong K
Container lines
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