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Platts Containers Update
World Container Index Goes Live
Bruce Barnard |
The World Container Index went live today, with the first Europe-based assessment of ocean freight rates showing increases on some major liner trade routes.
Forwarding
Maritime
Container lines
US Manufacturing Index Slips Closer to Contraction
JOC Staff |
The Institute of Supply Management’s U.S.
Transport, Trade and Regulation News
Jacobson Parent Buys Asian Forwarder
Peter T. Leach |
JHCI Holdings’s acquisition of essentially all of the assets of G-Link Express Logistics, a Singapore-based forwarding group, strengthens the third-party logistics provider’s Asia services
Logistics Technology News
Westports Malaysia Volume Up 17 Percent
Mike King |
Westports Malaysia in the first half saw volume rise 17 percent year-over-year to 3.1 million 20-foot container equivalent, as the port operator expands at Malaysia's top container gateway.
Port News
Maritime
Forwarding
Flooded Roads, Bridges Hamper Trucks
JOC Staff |
Many trucks are still unable to make deliveries in New Jersey, Vermont and New York because numerous bridges and road remain washed out after Hurricane Irene battered the region last weekend.
Transport, Trade and Regulation News
Trucking News
Rail News
LTL
Globe Express Expands in Miami, China
Mark Szakonyi |
Globe Express Services opened an 110,000-square-foot facility in Miami and added two offices in China, as the freight forwarder works to expand its stations to 50 from 42 by the end of 2011.
Industrial Real Estate News
Big Shippers Respond to Maersk’s Call for Change
Peter T. Leach |
The GT Nexus Shipper Council, a group of the world’s biggest importers and exporters, is responding to Maersk Line’s call to change the way carriers and shippers conduct their business.
Forwarding
Maritime
Container lines
US Agencies Draw Up Top Infrastructure Projects
John D. Boyd |
President Obama is directing federal agencies to draw up lists of “high impact, job-creating infrastructure projects” that could be fast-tracked through targeted permitting or review actio
Transport, Trade and Regulation News
Penske Logistics Wins Major Brazil Contract
Peter T. Leach |
Penske Logistics will handle the Brazilian distribution of LG Electronics products that are produced in the country and imported from South Korea.
Industrial Real Estate News
Obama Sets Joint Session for Job Plan
John D. Boyd |
President Obama requested a Sept. 8 joint session of Congress, the White House said, where he will formally unveil a set a proposals to revive the flagging economy and create more jobs.
Transport, Trade and Regulation News
Feds Sue ODFL For Disability Discrimination
William B. Cassidy |
The federal government is suing trucking company Old Dominion Freight Line for allegedly discriminating against an alcoholic truck driver.
LTL
Trucking News
Transport, Trade and Regulation News
APL Sets India-Mediterranean Peak Surcharge
JOC Staff |
Singapore-based container carrier APL is imposing peak-season surcharges on all cargo shipped from India to East/West Mediterranean, starting Sept. 1.
Container lines
Maritime
Forwarding
US Factory Orders Rose 2.4 Percent in July
Mark Szakonyi |
Orders to U.S. factories grew 2.4 percent in July on the largest hike in auto demand in eight years and increased commercial aircraft orders, providing a boost for the beleaguered U.S.
Transport, Trade and Regulation News
Trucking Merger Rate Predicted to Slow
William B. Cassidy |
Trucking’s urge to merge will be dented by an uncertain economy and faltering economic growth, slowing the pace of merger and acquisition activity after a year rife with motor carrier buyouts, s
Truckload
Trucking News
LTL
Chamber Targets Transport, Trade in Jobs Plan
John D. Boyd |
New investments in transportation infrastructure and passage of pending bilateral trade agreements are key steps Washington policymakers should take to create more jobs, the U.S.
Transport, Trade and Regulation News
Obama Seeks Extension of Transportation Programs
John D. Boyd |
President Obama called on Congress to quickly approve “clean” extensions of critical transportation funding programs that are set to expire at two points in September, to avoid what could
Transport, Trade and Regulation News
India Allows Ships to Arm Against Piracy
JOC Staff |
The Indian Shipping Ministry is allowing Indian-flag ships to use armed guards to protect themselves from piracy.
Transport, Trade and Regulation News
Maritime
Forwarding
APL Logistics Outpacing Intermodal Market
Mike King |
APL Logistics said it is outperforming the U.S. intermodal market since its reentry into the business last year after a decade-long absence.
Intermodal providers
Trucking News
Rail News
North-American rail
North Carolina Ports Open After Hurricane
Peter T. Leach |
The North Carolina ports of Morehead City and Wilmington were fully operational Tuesday after closures in advance of Hurricane Irene.
Port News
Maritime
Forwarding
North American ports
Ship Orders Rise Despite Falling Rates
Mike King |
Declining freight rates are not stopping lines from investing in new post-Panamax ship buildings, according to analyst Braemar Seascope.
Forwarding
Maritime
Kerry Expands Vietnam Distribution Network
Mike King |
Kerry Logistics will open a 32,808-square-foot logistics center in northern Vietnam in November, as the company completes its warehouse network in the
Industrial Real Estate News
Aeroports de Paris Profit Up 31 Percent
Bruce Barnard |
Aeroports de Paris expanded first half net profit by almost 31 percent to $259 million, but the French airport operator said upheavals in North Africa and an asset sale will cut into earnings the rest
Air Cargo Forwarder News
Air Cargo
APM Signs $992 Million Pact for Costa Rica Port
Bruce Barnard |
APM Terminals will design, build and operate a large terminal in Costa Rica under a $992 million contract with the country’s government that APM said would launch the largest infrastructure proj
Port News
Forwarding
Goldenport Boosts Profit 24.4 Percent
Bruce Barnard |
Goldenport boosted first half earnings 24.4 percent year-over-year to $25.7 million, as the Athens-based ship owner’s healthy container rates outweighed a volatile bulk shipping market.
Forwarding
Maritime
TSA Launches Trans-Pacific Revenue Index
Bill Mongelluzzo |
A new revenue index published by the Transpacific Stabilization Agreement shows revenue for maritime carriers in eastbound lanes from Asia steadily declining in the first six months of the year.
Container lines
Forwarding
Avnet Adds E-Tracking Options
Mark Szakonyi |
Avnet’s e-commerce arm unveiled features allowing customers to track their inventory in bonded warehouses and create customized order reports, as the major electronic distributor beefed up its s
International ports
Maersk Line Resumes Libya Service
Peter T. Leach |
Maersk Line will resume container service to Libya on Sept. 8 in its first shipment since February.
Container lines
Maritime
Forwarding
APM Sells Half of China Terminal Stake
Peter T. Leach |
APM Terminals agreed to sell half, or a 25 percent share, of its stake in China's Xiamen Songyu Container Terminal, the company told Reuters on Tuesday.
Port News
Maritime
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
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