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Platts Containers Update
Roadrunner Buys Bruenger Trucking
William B. Cassidy |
Roadrunner Transportation Systems acquired M. Bruenger Trucking, a truckload carrier with headquarters in Wichita, Kans., for approximately $10.6 million.
Trucking News
LTL
Maersk Implements Piracy Surcharge
JOC Staff |
Maersk Line announced a piracy risk surcharge on containers shipped between India and the Middle East region. Effective June 1, the surcharge is $70 per 40-foot equivalent unit.
Container lines
Maritime
Forwarding
Lufthansa Cargo Opens Pharma Hub in India
Bruce Barnard |
Lufthansa Cargo inaugurated its South Asia pharmaceutical hub at India’s Hyderabad airport with shipments of medicines to Philadelphia and Chicago.
Air Cargo Carriers News
Air Cargo
Nations Urged to Avoid Trade Protectionism
Joseph Bonney |
The International Chamber of Commerce is urging G20 leaders to push for conclusion of the Doha Round of trade talks and says a new report shows major nations are violating pledges to restrict protecti
Transport, Trade and Regulation News
Forwarding
Hanjin Introduces Upgraded Carbon Calculator
Peter T. Leach |
Hanjin Shipping introduced an upgraded Supply Chain Carbon Calculator that enables a shipper to calculate CO2 emissions for transporting a container by period, multiple destinations and bill of lading
Container lines
Maritime
Forwarding
DP World Shares Start Trading on London Exchange
Peter T. Leach |
The shares of DP World were listed Wednesday morning on the London Stock Exchange’s main market for listed securities.
Port News
Maersk Cleared of Leaking Financial Information
Peter T. Leach |
Copenhagen’s stock exchange said Wednesday it found no basis for concluding A.P. Moller-Maersk had passed price-sensitive information to an SEB Enskilda shipping analyst last month.
Container lines
Japan, Peru Sign Free Trade Pact
Hisane Masaki |
Japan and Peru have a new free trade agreement to eliminate import tariffs on almost all products traded between the two countries within 10 years.
Transport, Trade and Regulation News
Forwarding
Japan Exports Sink at Accelerated Pace
Hisane Masaki |
Japan’s exports to the rest of the world sank at an accelerated pace in early May in the wake of the devastating earthquake and tsunami that hit the country on March 11.
Transport, Trade and Regulation News
Forwarding
Horizon Lines Faces NYSE Delisting
Joseph Bonney |
Horizon Lines says the New York Stock Exchange is warning the company faces possible delisting because its market capitalization and stockholder equity have fallen below NYSE criteria.
Forwarding
Container lines
Lessors Bought 1.6 Million TEUs in 2010
Joseph Bonney |
Container lessors spent an estimated $4 billion to acquire more than 1.6 million 20-foot equivalent units last year, according to the Institute of International Container Lessors.
Forwarding
DOT Eyes $1 Billion in Rail Regulatory Savings
John D. Boyd |
The Department of Transportation is working on changes in rail regulations that could save the industry more than $1 billion over the next two decades.
North-American rail
Warehousing to Benefit From Canal Project, Report Says
Joseph Bonney |
The expanded Panama Canal and higher fuel costs will boost demand for U.S. warehouses and distribution centers, a new report says.
Industrial Real Estate News
NAFTA Surface Trade Posts Record Value
Joseph Bonney |
The value of surface transportation trade between the U.S.
Transport, Trade and Regulation News
Trucking News
Rail News
Obama Taps Former Edison CEO as Commerce Secretary
John D. Boyd |
President Obama said he will nominate John Bryson, former chairman and CEO of utility company Edison International, to head the Department of Commerce.
Transport, Trade and Regulation News
Containerized Imports Rose 8.7 Percent in April
Joseph Bonney |
Rising shipments from China fueled an 8.7 percent increase in U.S. containerized imports in April, PIERS data show.
Forwarding
Maritime
FMCSA to Delay Hours-of-Service Rule Release
William B. Cassidy |
The Federal Motor Carrier Safety Administration will delay the release of its controversial new truck driver hours-of-service rules until October.
Trucking News
Transport, Trade and Regulation News
LTL
Truckload Giant Swift Raising Rates 4 Percent
William B. Cassidy |
Truckload giant Swift Transportation expects to raise its contract rates 4 percent this year, the CEO of the $2.9 billion trucking operator said Friday.
Truckload
Trucking News
Rates More Volatile Since Conferences Repealed, Analyst Says
Bruce Barnard |
Ocean container freight rates on the Asia-Europe shipping lanes have become more volatile since the European Union outlawed liner conferences in October 2008, Alphaliner said.
Forwarding
Maritime
Transport, Trade and Regulation News
Container lines
Logistics Operator NFI Expands on West Coast
William B. Cassidy |
New Jersey-based logistics company NFI Industries acquired the West Coast operations of The Gilbert Company from ocean shipping giant Maersk.
Transport, Trade and Regulation News
Forecasts Show Solid Volume Growth at Europe's Ports
Peter T. Leach |
Ocean container volumes are projected to show solid growth at European ports in the coming six months after a weak first quarter, according to the Global Port Tracker: North Europe Trade Outlook&rsquo
Port News
Maritime
Forwarding
Yildirim to Buy Half of CMA CGM Malta Hub
Bruce Barnard |
Yildirim Holding, the Turkish trading and ports conglomerate that owns 20 percent of CMA CGM, agreed in principle to buy 50 percent of the French ocean carrier’s Malta Freeport container termina
Port News
Maritime
Container lines
Forwarding
NOL Volume Grows, Pricing Slips
JOC Staff |
Ocean container volume for Neptune Orient Lines and its APL shipping subsidiary rose jumped 9 percent in the four weeks ending May 6 but average revenue per box fell back 4 percent to the lowest point
Container lines
Forwarding
UASC Lines Up $205 Million For Vessel Buys
Bruce Barnard |
United Arab Shipping has a new $205 million loan facility to finance the acquisition of two container ships with capacities of 13,100 20-foot equivalent units.
Container lines
Forwarding
Turkey Canal Plan Hinges on Election
Bruce Barnard |
Turkey’s bold plan to build a canal to divert shipping from the heavily congested Bosporus Strait will be put to the test after the country’s general election on June 12.
Container lines
America's Real Deficit in Trade
R.G. Edmonson |
American exporters are doing their part to meet the government’s goal of doubling exports in five years.
Transport, Trade and Regulation News
Forwarding
Retail Sails Higher
JOC Staff |
RILA’s Casey Chroust says recovering retailers remain focused on tight inventories and – say it slowly – transportation disintermediation
Container lines
Giving, the Hard Way
R.G. Edmonson |
If the world were a better place, the U.S. Agency for International Development wouldn’t be among the top 100 U.S. exporters.
Container lines
Maritime
Forwarding
Crops Sprouting Record Export Growth
R.G. Edmonson |
U.S. agriculture is riding high on the productivity of American farmers and a huge demand for their products in the global marketplace.
Container lines
Maritime
Forwarding
Cutting in the Cards
R.G. Edmonson |
Ports are facing a new security squeeze. The Department of Homeland Security is offering $235 million for the 12th round of port security grants.
Transport, Trade and Regulation News
Recycling: A Win-Win for Trade, Environment
Bill Mongelluzzo |
Recycling paper, plastics and scrap metal is good not only for the environment but also for reducing the U.S. foreign trade deficit. Scrap exports comprise one of the largest sectors in the U.S.
Container lines
Maritime
Forwarding
Because So Much Is Riding on the Ocean
David Biederman |
With the economy improving, at least one major importer and exporter thinks it’s time to focus on building supply chain models better designed to handle market volatility and allow carriers and
Container lines
Forwarding
Trade Outlook: A NY-NJ Perspective
Eugene Spruck |
The value of U.S. international trade rebounded sharply in 2010 and is now only 6.2 percent below the peak realized in 2008 prior to the global recession. International trade to and from the U.S.
Container lines
Maritime
Forwarding
Go West, Young Exporter
R.G. Edmonson |
Companies that want to expand their export business should follow the advice newspaperman Horace Greeley gave 160 years ago: Go west.
Maritime
Forwarding
Looking the Other Way
Bill Mongelluzzo |
Imports from Asia are largely responsible for making Long Beach the nation’s second-largest container port, but exports could lead that growth in the future, especially agricultural products.
Maritime
Forwarding
Weak Dollar Gives Muscle to Exports
Joseph Bonney |
U.S. container trade is growing at two speeds. Export volume is soaring while consumer-driven imports are rising more slowly.
Container lines
Forwarding
Braking Just-in-Time
David Biederman |
Japanese automakers are struggling with epic supply chain disruptions in the wake of the magnitude-9 earthquake and tsunami on March 11 that devastated the nation’s industrial northeast and clai
Container lines
Not Your Father's Transport Plan
John D. Boyd |
Don’t expect the next long-term transportation legislation from Congress to look much like the highway bills of old.
Transport, Trade and Regulation News
Trucking Dashboard
William B. Cassidy |
Despite winter storms and rising energy costs, publicly owned trucking companies gained ground in the first quarter, buoyed in part by an expansion in manufacturing.
Trucking News
LTL
Raw Growth
John D. Boyd |
When Clarence Gooden, chief marketing officer for eastern U.S.
Container lines
Rail News
Forwarding
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