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Platts Containers Update
French Ports Reform Starts Next Week
Bruce Barnard |
The hard-fought reform of French ports takes effect next week amid optimism the nation’s container hubs can win back traffic lost to foreign rivals during years of industrial unrest.
Port News
Maritime
Forwarding
Emirates Adds Intra-Asia Service
Joseph Bonney |
Emirates Shipping Line will join Hyundai Merchant Marine and STX Pan Ocean in the NIS intra-Asia service, which links Korea, China, Vietnam, Singapore and Indonesia.
Container lines
Maritime
Forwarding
Container Ships Set Record for Capacity Growth
Bruce Barnard |
Record deliveries of container ships in the next few months likely will add further down pressure on ocean freight rates and reverse the rally in vessel charter rates, according to Alphaliner.
Forwarding
Sea Star, Crowley Confirm Antitrust Payouts
Joseph Bonney |
Sea Star Line and Crowley Maritime will proceed with their parts of a settlement in which they and Horizon Lines agreed to pay shippers a total of $52.25 million to settle allegations of price-fixing
Container lines
Maritime
Forwarding
Diesel Slips to $4.098 per Gallon
Thomas L. Gallagher |
Retail diesel prices slipped seven-tenths of a cent to an average of $4.098 per gallon last week, according to the U.S. Energy Information Administration.
Trucking News
US NVO to Offer Container Swaps
Joseph Bonney |
TBB Global Logistics said it will offer container freight swap agreements through an agreement with ICAP Logistics, a broker for the freight-futures contracts.
Maritime
Forwarding
Forward Air Profit Soars in First Quarter
William B. Cassidy |
Forward Air more than doubled its profit in the first quarter, raising net income 132.4 percent year-over-year to $7.9 million.
Judge Bars Forwarder in FMC Case
R.G. Edmonson |
A federal judge in Atlanta on April 15 issued a preliminary injunction to curtail operations by Savannah-based freight forwarder Indigo Logistics.
Maritime
Forwarding
Biggest Ro-Ro Ship Calls at Brunswick
Peter T. Leach |
The world’s largest roll-on, roll-off vessel, the Tonsberg, called at Georgia’s Port of Brunswick Monday with a load of heavy-lift project cargo.
Maritime
Forwarding
Shipper Sees Large 3Q Hit From Japan Disaster
John D. Boyd |
Milwaukee-based shipper Johnson Controls said it expects to take a $500 million hit on revenue during its April-June quarter from automotive manufacturing disruptions in Japan and at Japanese original
Transport, Trade and Regulation News
Forwarding
ABF Freight Reports $22.6 Million Loss
William B. Cassidy |
ABF Freight Systems increased revenue and tonnage by double digits in the first quarter, but fuel prices and weak pricing contributed to a $22.6 million loss.
Trucking News
LTL
St. Louis Airport Recovers From Tornado
Thomas L. Gallagher |
Lambert-St.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
YRC Declares Progress on Restructuring
William B. Cassidy |
Trucking giant YRC Worldwide said it is making "significant progress" toward completing key steps in its restructuring plan before an April 29 deadline.
Trucking News
LTL
Trucking labor
UASC Hikes India-Europe Rates
JOC Staff |
United Arab Shipping Company announced a general rate increase on the westbound trades from India to Europe and the Mediterranean, the second GRI this year.
Container lines
Maritime
Forwarding
Widdows to Retire From NOL, Ng Named Successor
Peter T. Leach |
Ron Widdows, a prominent leader of the global container industry, will retire as group president and chief executive officer of Neptune Orient Lines, NOL Group announced Monday.
Maritime
Container lines
Forwarding
Shanghai Port Trucking Stoppages Ease
JOC Staff |
A five-day-old trucker strike at the Port of Shanghai eased significantly over the weekend following intervention by the mayor and a series of concessions offered to drivers, including a rollback of f
Port News
Forwarding
Trucking labor
Marad Approves $240 Million Title XI Guarantee
R.G. Edmonson |
The Maritime Administration on Friday gave final approval to a Title XI loan guarantee for a $240 million, five-vessel export deal.
Port News
Sen. Ensign Resigns, Leaves Surface Transport Post
John D. Boyd |
The resignation of Sen.
Transport, Trade and Regulation News
Customs Reminds Travelers of Banned Chocolate Egg
R.G. Edmonson |
U.S. Customs and Border Protection is reminding travelers that a toy that’s popular on Easter in the rest of the world is banned in the U.S., and subject to seizure at the border.
Transport, Trade and Regulation News
Workers to Rally Against Pacific Maritime Association
Bill Mongelluzzo |
Labor activists in Northern California will hold a rally Monday in front of the Pacific Maritime Association headquarters in San Francisco to protest a court action earlier this month that was initiat
Longshore labor
Forwarding
Fuel Costs Cut Knight Transportation Profit
Dana L. Brundage |
Trucking giant Knight Transportation's net profit fell 19.5 percent in the first quarter from the same period a year ago to $9.9 million as rising fuel and other operating costs&nb
Trucking News
Italy Takes Over Mafia-Run TNT Subcontractors
Bruce Barnard |
Italy's Justice Ministry took over the operation of six TNT Global Express subcontractors that have been infiltrated by a mafia organization.
Air Cargo Forwarder News
Transport, Trade and Regulation News
Japan to Launch Ship Radiation Checks April 28
Hisane Masaki |
Japan will conduct radiation checks on ships and containers leaving three main international ports in and near Tokyo beginning April 28, the Ministry of Land, Infrastructure, Transport and Tourism ann
Transport, Trade and Regulation News
Maritime
Container lines
Forwarding
Werner Profit Jumps 50 Percent on Tight Capacity
JOC Staff |
Werner Enterprises saw its net profit surge 50.3 percent in the first quarter over the same quarter a year ago to $16.3 million as freight demand picked up momentum in the Midwest amid tight capacity
Truckload
Trucking News
USA Truck Loses $2.7 Million Despite Revenue Growth
JOC Staff |
Truckload carrier USA Truck lost $2.7 million in the first quarter despite a 17.4 percent surge in overall revenue to $124 million as tougher operating conditions and higher fuel costs hit the company
Truckload
Trucking News
Trucking labor
GATX Profit Rises 6.4 Percent on Rail Demand
John D. Boyd |
Railcar lessor GATX sees a tightening market for freight cars, as utilization rises in its equipment fleet and lease renewal terms lengthen.
Rail News
Charleston Containers Grew 5.7 Percent in March
Peter T. Leach |
The container volume handled by the Port of Charleston increased 5.7 percent in March from a year earlier even though volume growth slowed from the 7 percent pace recorded in February.
Port News
Maritime
Forwarding
Short Line Railroads See 9 Percent Traffic Gain
John D. Boyd |
North America’s small and regional railroads are enjoying a surge in traffic so far in 2011, with overall volume up 9 percent and some important cargoes growing by double digits.
North-American rail
Rail News
Rotterdam Screening Ships From Japan for Radiation
Peter T. Leach |
The Port of Rotterdam Authority detected no radiation above prescribed standards on five vessels that left Japan after March 14
Port News
Maritime
Forwarding
Chinese Truckers Protest High Fuel Costs, Private Fees
Dana L. Brundage |
Chinese truck drivers are striking this week in Shanghai due to rising fuel costs and increased fees charged by private warehouse operators.
Transport, Trade and Regulation News
Forwarding
Trucking labor
USPS Starts Regional Parcel Service
JOC Staff |
The U.S.
Air Cargo
Air Cargo Forwarder News
TUI Sets May Deadline for Hapag-Lloyd Bids
Peter T. Leach |
TUI, co-owner of Hapag-Lloyd, asked Chinese group HNA and Oman's Onyx Investments to make binding bids for a stake in the shipping group by late May, three people close to the process told Reuters.
Maritime
Container lines
Forwarding
KCS 1Q Profit Leaps 91 Percent to $63 Million
John D. Boyd |
Kansas City Southern, the smallest of the North American Class I railroads, posted a $63 million profit in the first quarter, up 91 percent from the 2010 period.
North-American rail
Rail News
Eurogate Profit Surged 30 Percent in 2010
Bruce Barnard |
Eurogate, Europe's largest container terminal operator, increased 2010 net income 28.9 percent from a year ago to $89.3 million, as revenue grew just 1.4 percent to $870 million.
Maritime
Forwarding
Canadian Pacific Profit Falls 67 Percent to $36 Million
John D. Boyd |
Canadian Pacific Railway saw its first quarter earnings plunge 67 percent from a year earlier to nearly $36 million (U.S.
Rail News
North-American rail
Hanjin Boxship Escapes Pirate Attacks
Peter T. Leach |
A South Korean naval ship Thursday rescued a Hanjin Shipping container ship that had been attacked by pirates in the Indian Ocean.
Container lines
Maritime
Forwarding
Cosco, Hanjin Add Prince Rupert Services
Bill Mongelluzzo |
Canada's West Coast port of Prince Rupert will add two new weekly trans-Pacific services in May, one by China Ocean Shipping Co. and the other by Hanjin Shipping.
Container lines
Maritime
Forwarding
Heavy Truck Orders Jump 20 Percent
William B. Cassidy |
The backlog in Class 8 truck orders reached levels in March not seen since 2006, as net orders jumped almost 20 percent from February, ACT Research said.
Trucking News
US Freight Rails Hiring Rises Sharply
John D. Boyd |
The seven largest freight railroads had more workers in their U.S. operations as of mid-March than any time since February 2009, the Surface Transportation Board reported.
North-American rail
Rail News
UP 1Q Net Jumps 24 Percent to $639 Million
John D. Boyd |
Union Pacific Railroad saw its profit rise 24 percent from a year earlier to $639 million in the 2011 first quarter as traffic grew across the board in its major cargo categories.
Rail News
North-American rail
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