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Platts Containers Update
Mumbai Port Traffic Falls 18.5 Percent
JOC Staff |
Container throughput in India’s Port of Mumbai fell 18.5 percent year-over-year in the first two months of fiscal 2011-12, the port authority said on Wednesday.
Port News
Maritime
Forwarding
Dockwise Threatens to Quit Dutch Flag
Bruce Barnard |
Heavy-lift shipping company Dockwise warned today that it will transfer its Dutch-flagged ships to a different register unless the Netherlands allows it to hire private guards to fight pirates.
Container lines
Maritime
Forwarding
Bremen/Bremerhaven Reports Record Box Traffic
Bruce Barnard |
Container traffic at Bremen/Bremerhaven hit a record high in April as the German twin ports continue to outpace growth at their North West European rivals.
Port News
Maritime
Forwarding
APL President Eng Aik Meng Resigns
JOC Staff |
APL President Eng Aik Meng announced his resignation on Wednesday, expanding a rapid overhaul in the top leadership at one of the world’s largest container shipping lines.
Container lines
Forwarding
Drewry Trans-Pacific Benchmark Rate Slides
Peter T. Leach |
Spot container freight rates on the eastbound trans-Pacific took a sharp turn downward in the last week, falling 8.1 percent in a new sign of weakness on the trade lane, according to Drewry Shipping C
Forwarding
Maritime
Japan Reports Record Trade Deficit
Hisane Masaki |
Japan’s trade deficit with the rest of the world soared more than three-fold to a record in the first part of May as the country’s exports withered in the wake of the
Transport, Trade and Regulation News
Hapag-Lloyd Skips New Orleans Port Calls
Joseph Bonney |
Hapag-Lloyd said it will omit the next three ship calls on its GS1 service between the U.S.
Forwarding
Container lines
DOT Sends $1.5 Million to Alabama for Tornado Repairs
John D. Boyd |
The Department of Transportation is making $1.5 million available to Alabama in “quick-release” emergency funds, to reimburse the state for some initial repairs to traffic signals, road si
Ocean Carriers Delay Peak-Season Surcharge
Bill Mongelluzzo |
A peak-season surcharge scheduled to take effect next week in the eastbound Pacific has been postponed for at least one month.
Maritime
Container lines
Forwarding
LA-LB to Increase Daytime Traffic Mitigation Fee
Bill Mongelluzzo |
Terminal operators in Los Angeles-Long Beach will increase the traffic mitigation fee charged during daytime hours to $60 per TEU from $50 beginning July 4.
Port News
Maritime
Forwarding
North American ports
Railroads Face Missouri River Flood Delays
John D. Boyd |
Rising floodwaters on the Missouri River have begun disrupting some rail operations, just the latest in a series of weather problems for U.S. railroads in recent weeks.
Rail News
North-American rail
Containerized Exports Rise for 19th Straight Month
Joseph Bonney |
U.S. containerized exports rose 12.5 percent in April, their 19th consecutive year-over-year increase, after a 13.9 percent gain in March, according to PIERS.
Maritime
Forwarding
Miss. River Levels Prompt Vessel Draft Limits
R.G. Edmonson |
The combination of Mississippi River flood water levels dropping and the river’s bottom silting up is creating what some call a navigation emergency in the channel between New Orleans and the Gu
Transport, Trade and Regulation News
Maritime
BA to Pay $89.5 Million to Settle Class Action Suit
Bruce Barnard |
British Airways today agreed to pay $89.5 million to scores of air freight shippers to settle a U.S. class action lawsuit over its involvement in a global cartel that fixed cargo rates.
Air Cargo Carriers News
Railcar Owners Parked 2,855 More Units in May
John D. Boyd |
North American owners of railcars parked 2,855 additional cars during May, expanding the fleet of idled units at a time when bulk rail freight shipments had weakened from earlier in the spring.
Rail News
North-American rail
Maersk Resumes Services at Two Japanese Ports
Hisane Masaki |
Maersk Line, the world's largest container shipping firm, announced the partial resumption of services at two Japanese ports damaged by the catastrophic earthquake and tsunami that hit the northeaster
Port News
Maritime
Container lines
Forwarding
DHL Cargo Plane Crashes, Crew Saved
Bruce Barnard |
A DHL Express cargo plane crashed into the sea off the coast of Gabon on Monday, but the four crew members were rescued from the wreckage.
Air Cargo
Air Cargo Forwarder News
Geodis Wilson Buys One Source Logistics
Bruce Barnard |
Geodis Wilson strengthened its position in the U.S.
Logistics Technology News
LTL
Truck brokers
Maersk Line Chief Urges Radical Industry Changes
Bruce Barnard |
Maersk Line CEO Eivind Kolding, using the pulpit of the world’s largest container shipping line, urged broad changes in the industry’s practices on Tuesday, saying the business must embrac
Forwarding
Container lines
Pacific International, Wan Hai Upgrade Network
JOC Staff |
Pacific International Lines and Wan Hai Lines will upgrade their service network in the trade lanes between Asia and Europe, the carriers announced Tuesday.
Container lines
Forwarding
Japan, India Set FTA for Aug. 1
Hisane Masaki |
Japan and India will put a free trade agreement into force on Aug.1, ushering in a new era of trade between the two giant economies by eliminating import tariffs on most products moving between the co
Transport, Trade and Regulation News
Forwarding
Some Port Truckers May Face Subsidy Bill
Bill Mongelluzzo |
Six motor carriers that received subsidies from the Port of Los Angeles for the purchase of clean trucks may have to return some of the money because they did not comply with the requirements of the p
Port News
Forwarding
UPS Adds Capacity on Latin America Routes
William B. Cassidy |
UPS boosted its cargo capacity 50 percent on flights to Central and South America last week, saying it is responding to solid growth in Latin American demand.
Air Cargo
Air Cargo Carriers News
Con-way Truckload Seeks Southwestern Drivers
William B. Cassidy |
Con-way Truckload, looking to hire more truck drivers in the Western U.S., reopened a driver orientation site in Phoenix that closed during the recession.
Trucking News
Trucker ODFL Expands Drayage Operations
By William B. Cassidy |
Old Dominion Freight Line, a less-than-truckload carrier, is driving deeper into drayage, opening a container drayage facility in Mobile, Ala.
Trucking News
LTL
Freight Index Shows Economy Stalled
JOC Staff |
A key measure of freight shipping in the United States slipped back 0.2 percent in May from the month before, a new sign that the economy is losing momentum heading into the summer.
Transport, Trade and Regulation News
Ocean Carriers Set India Rate Hikes
JOC Staff |
Major ocean carriers operating to and from India plan to raise rates on key trade lanes, starting in early July.
Maritime
Container lines
Forwarding
CSX, NS Break Ground on Intermodal Projects
John D. Boyd |
Eastern U.S. railroads CSX Transportation and Norfolk Southern Railway each planned to hold groundbreaking ceremonies Monday on separate intermodal hub construction projects.
Intermodal providers
Rail News
North-American rail
Shippers Expect 9 Percent Boost in Transport Spending
William B. Cassidy |
Shippers are bracing for higher transportation costs, even as the economy slows, according to a second-quarter survey of more than 2,000 logistics managers.
Trucking News
Rail News
LTL
Russia's Global Ports Plans London IPO
Bruce Barnard |
Global Ports, Russia’s largest container terminal operator, plans to raise about $100 million for an initial public offering on the London Stock Exchange.
Port News
Container lines
Forwarding
UTU Claims Record Pay Hike in US Rail Contract
John D. Boyd |
A tentative contract between the United Transportation Union and major U.S.
North-American rail
Rail News
Airlines Cut Profit Outlook on Higher Costs
Bruce Barnard |
The International Air Transport Association scaled back its 2011 industry profit forecast by more than half on Monday, to $4 billion from an estimated $8.4 billion the industry group had projected jus
Air Cargo Forwarder News
Air Cargo Carriers News
Deutsche Post DHL Buys LTL Trucker
William B. Cassidy |
German logistics giant Deutsche Post DHL purchased Standard Forwarding, a five-state less-than-truckload motor carrier in East Moline, Ill.
LTL
Trucking News
Air Cargo Forwarder News
Calif. State Assembly Tables Trucker Classification Bill
Bill Mongelluzzo |
The State Assembly will most likely not address a bill that would classify drayage truck drivers at California ports and intermodal rail yards as employees, although it could be taken up next year.
Transport, Trade and Regulation News
Trucking News
Rail News
DOT's Stimulus Spending Hits $28.4 Billion
John D. Boyd |
The Department of Transportation’s payouts to states for work done under the 2009 economic stimulus law went above $28.4 billion as of May 20, the government reported, a
Transport, Trade and Regulation News
Transportation Job Growth Flat in May
Joseph Bonney |
Freight transportation employment was virtually flat last month while a closely watched survey of non-manufacturing activity showed a sharp drop in import growth.
Air Cargo Carriers News
Maritime
Air Cargo
Trucking News
Rail News
Trucking labor
EPA, UP Settle Dispute for $25 Million
John D. Boyd |
Union Pacific Railroad will pay $25 million to settle a longstanding dispute with the Environmental Protection Agency over lead cleanup costs for a Superfund site in Omaha, Neb.
Rail News
Transport, Trade and Regulation News
North-American rail
Local Teamsters Leaders to Review Car-Haul Pact
William B. Cassidy |
Leaders from Teamsters union locals around the country will review a tentative national car-haul agreement when they meet in Nashville June 13.
Trucking labor
Trucking News
Truckload Capacity Index Up 14 Percent
William B. Cassidy |
Truckload capacity appears to be tightening again, after loosening in April, according to a key measure of industry equipment supply and demand.
Truckload
Trucking News
LTL
AAR Names Knight Chief Lobbyist
John D. Boyd |
The Association of American Railroads will have a new person serving as its top lobbyist, as Laurie Knight will take the post of senior vice president of government affairs starting July 25, and repla
Rail News
North-American rail
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