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Platts Containers Update
NY-NJ Truck Tolls to Double
Joseph Bonney |
Truck tolls at bridges and tunnels linking New Jersey and New York City will more than double over the next five years under an increase approved Friday by the Port Authority of New York and New Jerse
Port News
Maritime
Trucking News
Transport, Trade and Regulation News
Forwarding
SAA Agrees to Cargo Price-Fixing Settlement
Mark Szakonyi |
Saudia Arabian Airlines agreed to pay $14 million to settle a class action lawsuit accusing the airline of conspiring with other carriers to raise freight rates between 2000 and 2006.
Air Cargo Forwarder News
Air Cargo
Air Cargo Carriers News
Transport, Trade and Regulation News
Mobile Computer Shipments Rise 28 Percent
William B. Cassidy |
Apple shipped more mobile computers than any competitor in the second quarter, vaulting it over HP to the market lead, said research firm DisplaySearch.
Transport, Trade and Regulation News
Air Cargo
Air Cargo Carriers News
Small Rails’ Traffic Rises 3.8 in Latest Week
John D. Boyd |
Short line railroads across North America saw shipments rise 3.8 percent in the second week of August from the first, another sign that basic freight demand continues to rise despite financial market
North-American rail
Rail News
Boeing Gets Certification for New Freighter
JOC Staff |
Boeing reached a major milestone in its long-delayed program for its 747-8 freighter, winning certification in the United States and Europe for the next-generation aircraft the manufacturer believes w
Air Cargo Carriers News
Air Cargo
Illinois Tops List of Railway Supply States
RailResource |
llinois is home to the largest number of railroad suppliers in the United States, according to data released by the Railway Supply Institute.
North-American rail
Rail News
Port of Rotterdam Container Traffic Up 9.7 Percent
Mark Szakonyi |
Cargo through Port of Rotterdam in the first half of the year increased 1 percent year-over-year to 215 million metric tons, as a 9.7 increase in container handling helped offset a decline in oil prod
Port News
Maritime
Forwarding
Forwarders Questions TSA Fee Increase
R.G. Edmonson |
Air cargo forwarders who operate security screening facilities are questioning a proposed fee increase for government background checks of employees.
Air Cargo Carriers News
Air Cargo
Air Cargo Forwarder News
Transport, Trade and Regulation News
SCFI Gains 3 Percent on US Rate Increases
JOC Staff |
The Shanghai Containerized Freight Index measure of rates from Asia to the U.S.
Forwarding
Maritime
Container lines
MISC Pretax Profit Plunges 57.4 Percent
Mike King |
Declining rates and liftings on the intra-Asia liner trades dragged MISC Berhad’s preteax profit down 57.4 percent year-over-year to $67.3 million in the first quarter ending 30 June.
Container lines
Maritime
Forwarding
Shippers Still Awaiting Customs’ Programs Benefits
Bill Mongelluzzo |
Members of the trade community say the Customs and Border Protection still has a long way to go in its efforts to blend
Transport, Trade and Regulation News
UASC Hikes India-Europe-Mediterranean Rates
JOC Staff |
United Arab Shipping Company set a peak-season surcharge on westbound shipments from Asia and Australia to West Mediterranean and Adriatic destinations, starting Sept. 1.
Container lines
Maritime
Forwarding
China Operators Debut
JOC Staff |
The huge volume of containers handled by Chinese ports led Drewry to revamp its rankings of the world’s largest global terminal operators this year.
Maritime
Charleston's Comeback
Peter Tirschwell |
My first sight upon touching down in Charleston, S.C., this month was a huge, unfamiliar white aircraft, parked in a remote corner of the tarmac.
Maritime
Trade's Great Uncoupling
Peter T. Leach |
Shifting trade patterns in the Far East and Southeast Asia may insulate ports in the region from the impact of weaker east-west trade as a result of the debt crisis in Europe and the faltering U.S.
Port News
Maritime
Forwarding
Panalpina Launches Three Rotterdam-Asia Services
Mark Szakonyi |
Panalpina launched three less-than-container-load weekly ocean services from Asia to Rotterdam, as the major forwarder grows its business on major Asia-Europe trade lanes.
Container lines
Maritime
Forwarding
TSA Makes Air Cargo Security Program Permanent
R.G. Edmonson |
The Transportation Security Administration issued its final rule on U.S.
Transport, Trade and Regulation News
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Gordon Trucking Buys Midwest’s Buske Lines
William B. Cassidy |
West Coast-based truckload carrier Gordon Trucking bought Buske Lines, an Illinois trucker, for an undisclosed sum, expanding its capacity and its coverage of the Midwest.
Truckload
Trucking News
St. Lawrence Seaway Traffic Up 21 Percent
Courtney Tower |
Cargo shipments through the St.
Forwarding
Maritime
Report: China is Fastest Growing US Export Market
Mark Szakonyi |
U.S. export growth to China between 2000 and 2010 surpassed outbound trade with the rest of the world, quadrupling to $91.9 billion, according to a new report.
Transport, Trade and Regulation News
Cost-Cutting USPS Launches Labor Negotiations
JOC Staff |
The cash-starved U.S. Postal Service began negotiations Thursday with two unions representing nearly 250,000 workers amid plans to slash the postal work force more than 20 percent.
Air Cargo
Air Cargo Forwarder News
Transport, Trade and Regulation News
Port of LA Reduces Emissions More Than 70 Percent
Bill Mongelluzzo |
The latest diesel emissions inventory released by the Port of Los Angeles shows that the Clean Air Action Plan reduced pollution more than 70 percent in 2010 even as cargo volume rose by 5 percent.
Port News
Transport, Trade and Regulation News
Mid-August Intermodal Outpaces 2010 Levels
John D. Boyd |
North American railroads were outpacing 2010 intermodal volume through mid-August, as increases in container loadings more than offset a slowdown in trailer hauls and boosted prospects for improved pe
Intermodal providers
Rail News
North-American rail
Feds: Louisiana Shipyard Made False Claims
R.G. Edmonson |
The Justice Department on Wednesday filed suit against a Louisiana shipyard accusing it of making false statements when soliciting a contract from the Coast Guard.
Transport, Trade and Regulation News
Top Railroads Trim US Jobs in July
John D. Boyd |
Major freight railroads trimmed 424 jobs from mid-June to mid-July, the second overall cutback in the Class I workforce this year.
North-American rail
Rail News
Swift Expands US-Mexico Intermodal Service
William B. Cassidy |
Swift Transportation, the largest U.S. truckload carrier, is expanding its container business with a cross-border intermodal service linking the U.S. and Mexico.
Intermodal providers
Trucking News
Rail News
North-American rail
Tauranga Annual Container Traffic Up 15.5 Percent
Mark Szakonyi |
Container traffic at New Zealand’s Port of Tauranga rose 15.5 percent year-over-year to 590,506 20-foot equivalent container units in fiscal year 2011 ending June 30, as its transshipment volume
Port News
Maritime
Forwarding
Express-1 Investor Eyes Intermodal Brokerage
William B. Cassidy |
With a $150 million investment in Express-1 Expedited Solutions awaiting shareholder approval, “career CEO” Bradley S.
Intermodal providers
Trucking News
Rail News
Japan Posts Second Straight Monthly Trade Surplus
Hisane Masaki |
Japan posted a second consecutive monthly trade surplus in July as the country’s exports recovered from the natural disasters in March, according to preliminary government figures released Thurs
Transport, Trade and Regulation News
Maritime
Air Cargo
Cathay Pacific Cargo Traffic Drops 11 Percent
Mike King |
Cathay Pacific Airways expects air cargo demand to remain weak for at least another four weeks after reporting an 11 percent year-over-year decrease in cargo and mail volume in July.
Air Cargo Carriers News
Air Cargo
Maersk Hikes India-South America Rates
JOC Staff |
Maersk Line announced a general rate increase on cargo shipped from the Indian Subcontinent to the east coast of South America.
Container lines
Maritime
Forwarding
EU-Korea Trade Pact Spurs FedEx Capacity Boost
Mike King |
The European Union-South Korea Free Trade Agreement that went into effect July 1 is already boosting FedEx cargo demand.
Air Cargo Carriers News
Air Cargo
Air Cargo Forwarder News
Transport, Trade and Regulation News
Express-1 Profit Falls 39.2 Percent
William B. Cassidy |
Greater reliance on high volume customers paying lower rates drove second quarter profit down 39.2 percent year-over-year at Express-1 Expedited Solutions, despite higher revenue.
Truck brokers
Trucking News
LTL
Horizon Lines Misses Aug. 15 Interest Payment
Mark Szakonyi |
Horizon Lines said it will make up its missed Aug. 15 interest payment on $330 million of its convertible notes when it announces a deal with lenders in “the near future.”
Container lines
Maritime
Forwarding
ATSG Profit Soars 24 Percent to $12.3 Million
Mark Szakonyi |
Air Transport Services Group’s profit in the second quarter rose 24 percent to $12.3 million, as the freighter operator leased more aircraft and received higher jet fuel reimbursements.
Air Cargo Carriers News
Air Cargo
NC Ports Container Volume Grows 14 Percent
Peter T. Leach |
Container throughput at the Port of Wilmington, N.C., increased 14 percent in June over the same month a year ago to 23,598 20-foot equivalent units.
Port News
Maritime
Forwarding
Tenex Capital Picks Simone to Lead LinkAmerica
William B. Cassidy |
John Simone, former president and chief operating officer of Greatwide Logistics Services, joined regional truckload and logistics company LinkAmerica as president and CEO.
Truckload
Trucking News
Truck brokers
Report Says Ship Operating Costs Rising
Peter T. Leach |
The costs of operating ships are increasing this year after a relatively static 2010 as operators face higher commodity prices and soaring premiums for piracy insurance, according to a new report by D
Forwarding
Maritime
Container lines
RailAmerica Gains Freight via 34 Customers' Growth
Mark Szakonyi |
RailAmerica said 34 of its customers in the first half of the year announced plans to build, expand or reopen facilities, generating more than 25,000 annual carloads for the short line operator within
International ports
Rail News
DOT Sends $417 Million in Road Grants to States
John D. Boyd |
The Department of Transportation is sending states another $417.3 million in highway-related grants, on top of any lingering stimulus spending and TIGER grants.
Transport, Trade and Regulation News
Trucking News
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