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Zim Slumps to $66 Million Loss
Bruce Barnard, Special Correspondent |
Israel’s Zim Integrated Shipping Services slumped to a $66 million net loss in the third quarter and the carrier braced for a new cash injection amid a grim outlook for the coming months.
Container lines
Forwarding
Japanese Firm Acquires Brazil Grain Terminal Operator
Hisane Masake |
Major Japanese trading house Marubeni said on Friday Brazilian grain export terminal operator Terlogs Terminal Maritimo is now a wholly owned subsidiary.
Port News
Forwarding
Maersk Merging ICON into Daily Service
Bruce Barnard, Special Correspondent |
Maersk Line says it will merge its ICON service linking the Far East and Indian sub-continent to Northern Europe into its recently launched
Container lines
Forwarding
Lowe's Ramps up Inventory Ahead of Holidays
Mark Szakonyi, Daily Content Editor |
Lowe’s says its inventory in the third quarter was up 5.2 percent year-over-year and the home improvement retailer is “more aggressively ramping up for winter.”
Industrial Real Estate News
Japanese Ship Orders Rise for First Time in Six Months
Hisane Masaki, Special Correspondent |
Japanese export ship orders grew for the first time in six months in October on a year-on-year basis, rising a strong 26.5 percent to 854,570 gross tons, according to the Japan Ship Exporters’ A
Transport, Trade and Regulation News
Maritime
Forwarding
India's Trade Deficit Hits Four-Year High
JOC Staff |
India had a trade deficit of $19.6 billion in October, the highest in four years, as the pace of export growth slackened amid a slowdown in major global markets.
Transport, Trade and Regulation News
Iceland's Eimskip Boosts Profit on Traffic Surge
Bruce Barnard, Special Correspondent |
Eimskip increased third quarter operating profit 7.6 percent year-over-year to $14.85 million, as the Icelandic container shipping and refrigerated logistics company carried 11 percent more cargo.
Container lines
Maritime
Forwarding
Lufthansa to Cut Cargo Capacity up to 30 Percent
Bruce Barnard, Special Correspondent |
Lufthansa Cargo said it could cut capacity by as much as 30 percent going into 2012 and temporarily ground some freighters amid indications of a slowdown in demand.
Air Cargo Carriers News
Air Cargo
China Cosco Names Jiang President
JOC Staff |
China Cosco Holdings named Jiang Li Jun to replace Zhang Liang as president, extending a management shakeup that comes amid steep losses at the container line.
Container lines
Forwarding
LA-LB Clean Emission Program to Remove 280 Trucks
Bill Mongelluzzo, Associate Editor |
Drayage companies in Southern California by the end of the year will remove from service the final 280 trucks that do not meet the standards contained in the Los Angeles-Long Beach clean-truck program
Port News
Maritime
Trucking News
North American ports
Trucking Dashboard 3Q 2011
JOC Staff |
Click on an icon below to access information on LTL and truckload revenue growth, LTL shipment trends, truckload capacity tracker, spot market truckload volume, LTL yield, operating ratios and fu
Truckload
LTL
Port of LA Promotes Clean Vessel Incentive Program
Bill Mongelluzzo, Associate Editor |
The Port of Los Angeles is promoting an international incentive program that encourages ship operators to reduce pollution through engine, fuel and technology enhancements to their vessels.
Port News
Maritime
Occupy Protesters Call for West Coast Ports Shutdown
Bill Mongelluzzo, Associate Editor |
The Occupy Movement is calling for a shutdown of all West Coast ports on Dec.
Port News
Maritime
Forwarding
North American ports
ABF Eyes Growth, Possible Strategic Purchase
JOC Staff |
ABF Freight System is looking at new growth areas, including potential acquisitions, as the freight carrier seeks to build its business beyond its long-haul, less-than-truckload core operations, accor
LTL
Trucking News
Truck Tonnage Rose 5.7 Percent in October
William B. Cassidy, Senior Editor |
Trucks handled more freight in October, as rising manufacturing output helped increase for-hire truck tonnage 0.5 percent from the previous month and 5.7 percent from a year ago, the American Trucking
Truckload
Trucking News
Trailer Bridge Lost $1.9 Million in Third Quarter
Mark Szakonyi, Daily Content Editor |
Trailer Bridge swung to a $1.9 million loss
Container lines
Maritime
Forwarding
Trans-Pacific Carriers to Hike Westbound Reefer Rates
Mark Szakonyi, Daily Content Editor |
Shipping lines that carry U.S. exports to Asia intend to increase their refrigerated container rates effective Jan 1.
Container lines
Maritime
Forwarding
Transport Providers Generally View TSA Favorably, Report Says
R.G. Edmonson, Associate Editor |
Railroad, trucking and aviation executives generally have a positive view of the Transportation Security Administration’s program for sharing threat information, according to a federal report re
Transport, Trade and Regulation News
Royal Mail Triples First Half Profit to $105 Million
JOC Staff |
The U.K.’s Royal Mail more than tripled first half earnings to $105 million, as increased profits from its European express unit offset losses on domestic letter deliveries.
Air Cargo
Diana Containerships Swings to Profit on Maersk Charters
Mark Szakonyi, Daily Content Editor |
Diana Containerships swung to a $2.7 million profit in the third quarter from a $100,000 loss in the same period a year ago, as the chartering of three vessels to Maersk Line helped the vessel owner-c
Forwarding
Maritime
Antwerp Builds Major Lock to Handle Larger Ships
Bruce Barnard, Special Correspondent |
Antwerp has begun construction of a major lock that will allow the inland Belgian port to keep pace with the increasing size of containerships and boost its competitive position in the Le Havre-Hambur
Port News
Maritime
Maersk Hikes Asia Rates to Mexico, Latin America
JOC Staff |
Maersk Line is implementing a series of general rate increases and peak-season surcharges that will take effect on its Far East Asia services in December.
Container lines
Maritime
Alphaliner Says Asia-Europe Rate War Not Driving Out Carriers
Bruce Barnard, Special Correspondent |
The rate war waged by leading ocean container carriers on the Far East Asia-North Europe trade has so far failed to drive out smaller rivals, according to Alphaliner.
Container lines
Maritime
Forwarding
Gap Stores Seek Faster Inventory Pipeline
JOC Staff |
Executives at clothing retailer the Gap say they plan to keep inventories more lean in the
International ports
LaHood Warns Super Committee Failure Will Hit Transport Programs
JOC Staff |
Transportation Secretary Ray LaHood decried the failure of the congressional super committee to reach an agreement on budget reductions on Monday, warning the collapse of the effort could lead to majo
Transport, Trade and Regulation News
Diesel Hits $4 Mark for First Time in Six Months
Mark Szakonyi, Daily Content Editor |
Diesel prices across the United States increased 2.3 cents in the week ending Nov. 21, rising over $4 a gallon for the first time in 26 weeks as crude oil prices fell.
Truckload
Trucking News
Thai Floods Force CEVA to Re-engineer Supply Chains
Mark Szakonyi, Daily Content Editor |
CEVA Logistics is working to re-engineer the supply chains of its aut
International ports
Postmaster General Urges Bolder Postal Reform
Mark Szakonyi, Daily Content Editor |
Postmaster General and CEO Patrick Donahoe urged Congress on Monday to take a bold approach to reforming the U.S.
Air Cargo
Lufthansa Puts Frankfurt Expansion on Hold
JOC Staff |
Lufthansa Cargo is suspending plans for a $1.35 billion expansion of the airline’s Frankfurt hub because of a German court’s ban on night flights at the airport, according to a published r
Air Cargo Forwarder News
Air Cargo Carriers News
Railroads Say Weak Exports Hurting Grain Shipments
JOC Staff |
Grain transport on U.S.
North-American rail
Rail News
Forwarding
Pacific Northwest Ports' Imports Fall, Exports Rise
Bill Mongelluzzo, Associate Editor |
Containerized imports generally lagged but exports continued to grow in October at the ports of Oakland, Portland, Tacoma and Seattle.
Forwarding
Maritime
North American ports
October Class 8 Orders Top Projections
William B. Cassidy, Senior Editor |
Orders for Class 8 heavy trucks hit a six-month high in October, with manufacturers receiving 29,824 new orders and 28,026 net orders, according to ACT Research.
Truckload
Savannah Expands Intermodal Railyard
Joseph Bonney, Senior Editor |
The Georgia Ports Authority board approved a $6.5 million, 6,000-foot extension of the Mason Intermodal Container Transfer Facility, as the
Port News
Maritime
Rail News
Supply Chain Under Water
Mike King, Special Correspondent |
When Honda resumed production at one of its plants near Bangkok more than a month after shutting its factories amid devastating floods, it seemed to provide a small ripple of optimism for Thai manufac
International ports
Japan's Trade Balance Slips Back Into Red
Hisane Masaki, Special Correspondent |
Japan suffered a trade deficit of $3.56 billion in October, as exports fell amid a slowdown in the global economy and a stronger yen, according to the Japanese government.
Forwarding
Maritime
Container Traffic Grows at Major Asian Gateways
Mike King, Special Correspondent |
Box throughput at leading Asian gateways grew in October despite the economic uncertainties that plague key European and U.S. markets.
Port News
Maritime
Forwarding
Hapag-Lloyd Profit Falls 94 Percent to $17.5 Million
Joseph Bonney, Senior Editor |
Hapag-Lloyd said currency swings and rate competition caused third quarter profit to drop 94 percent year-over-year to $17.5 million, but the German carrier was one of the few major container lines to
Container lines
Maritime
Forwarding
Hong Kong Air Freight Drops 8.2 Percent
Mike King, Special Correspondent |
Hong Kong International Airport saw cargo volume fall 8.2 percent in October from the same month a year ago as a surge in peak season shipping airlines have been looking for failed to materialize.&nbs
Air Cargo Forwarder News
Air Cargo Carriers News
Air Cargo
Marine Highways' New Direction
Asaf Ashar |
While attending a recent two-day marine highways workshop at George Mason University, I realized the concept has been studied exhaustively for more than 20 years, with no tangible results.
Maritime
Forwarding
Lytle Takes the Helm at Long Beach
Bill Mongelluzzo |
The Port of Long Beach is in the early days of implementing the largest capital expansion program in its history, so it was with a sense of relief that the Southern California transportation community
Port News
Maritime
Forwarding
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