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Drewry Air Price Index Hits Five-Month High
JOC Staff |
The Drewry Air Freight Price Index pushed back up to its highest level in five months in March despite slipping 5.6 percent on a year-over-year basis, according to Drewry Shipping Consultants.
Air Cargo
Air Cargo Carriers News
DOT Distributes $2 Billion In Rail Grants
John D. Boyd |
Transportation Secretary Ray LaHood, unveiling a shift in strategy for allocating federal rail spending, sent $2 billion on Monday to passenger networks around the country after Florida had rejected t
Transport, Trade and Regulation News
Rail News
Drewry: Vessel Call Reliability Down to 51 Percent
Peter T. Leach |
Container service reliability declined for the second quarter in a row during the first quarter of 2011, according to Drewry Maritime Research’s latest “Schedule Reliability Insight”
Maritime
Forwarding
Air China Cargo Adds Chengdu Stop
JOC Staff |
Air China Cargo is adding Chengdu to its Asia-Europe freighter service as the carrier looks to raise the Western China industrial city's profile in its global network.
Air Cargo
Air Cargo Carriers News
FedEx Express Building Singapore Regional Hub
JOC Staff |
FedEx Express is building a Southeast Asia hub operation in Singapore that will become the carrier’s second-largest facility in Asia after its main sorting operation in Guangzhou, China.
Transport, Trade and Regulation News
Air Cargo Forwarder News
Air Cargo
Air France-KLM Cargo Increases 11 Percent
JOC Staff |
Cargo traffic at Air France-KLM grew 11 percent in April and capacity jumped 15.6 percent from last year, when fallout from the volcano eruption in Iceland put a lid on airline activity in Europe
Air Cargo
Air Cargo Carriers News
What Price Stability?
Bill Mongelluzzo |
The main goal for many U.S.
Maritime
Forwarding
BNSF Profit Up 20 Percent in First Quarter
John D. Boyd |
BNSF Railway posted a $607 million profit for the first quarter, up 20 percent from the same period in 2010 and reflecting a mix of higher freight traffic, fuel fees and pricing.
Rail News
North-American rail
Chinese Ship Rescued After Pirate Attack
JOC Staff |
The Indian Navy and Coast Guard Thursday rescued a Chinese merchant ship that had been attacked by Somali pirates in the Arabian Sea.
Container lines
Maritime
Forwarding
OOCL Increases Asia-Europe Rates
JOC Staff |
Orient Overseas Container Line is raising rates on Asia-Europe trade lanes as part of what it calls a new “rate restoration program.”
Container lines
Maritime
Forwarding
CEVA Profit Jumps 36 Percent
JOC Staff |
CEVA Logistics reported its profit expansion accelerated in the first quarter, with the $102 million earnings growing 36.5 percent year-over-year on improving freight management margins up across the
Transport, Trade and Regulation News
Lucrative Food Stores
Stephanie Nall |
The $6 billion refrigerated warehouse industry in the U.S.
Transport, Trade and Regulation News
Maritime
Trucking News
Rail News
Economy, With a Plan
Mike Grinter |
The latest International Monetary Fund forecasts predict China’s economy may surpass that of the United States in real terms by 2016, coinciding with the end of the Socialist state’s 12th
Transport, Trade and Regulation News
Yes, Virginia, There Is A Freight Strategy
R.G. Edmonson |
Virginia is moving ahead with an intermodal freight strategy even as the federal government in large part is still talking about it.
Transport, Trade and Regulation News
Double-Stacked on Paper
R.G. Edmonson |
It’s a strange anomaly that in this environmentally conscious, time-is-critical age when most trade processing is handled by computer, vessel operators still file manifests for ships leaving U.S
Transport, Trade and Regulation News
Forwarding
OWL Helps US Apple Growers Export Fruit to India
JOC Staff |
Ocean World Lines, a subsidiary of Pacer International, says it has a new program to help U.S. apple growers increase exports and meet increasing overseas demand.
Maritime
Forwarding
Wanted: Truckers
Stephanie Nall |
When intermodal giant Hub Group acquired Exel Transportation this spring, its top executive said Exel’s refrigerated intermodal business was what made the deal especially attractive.
Trucking News
Air Cargo Carriers Voice Screening Concerns
JOC Staff |
Neel Shah, head of International Air Cargo Association’s security committee, is raising warnings about the impending 100 percent screening deadline set by the U.S.
Air Cargo
Air Cargo Carriers News
Challenges Seen on Horizon
Joseph Bonney |
Embattled Horizon Lines says it is facing a “challenging” year for its operations even after dodging a debt default and bankruptcy filing thanks to a timely assist from the Justice Departm
Container lines
Maritime
Transport, Trade and Regulation News
Forwarding
Horizon Lines Timeline
JOC Staff |
2003 — Horizon Lines formed as separate company when CSX sells its subsidiary to The Carlyle Group.
Container lines
Maritime
Truck Pricing Steps Up
William B. Cassidy |
When it comes to rates, there’s an ocean of difference between global shipping lines and North American domestic carriers.
Trucking News
LTL
Cold Train Is Red Hot
Stephanie Nall |
Amid much hoopla and celebration last April, a handful of 53-foot refrigerated containers left the Port of Quincy, Wash., on a BNSF Railway stacktrain to Chicago.
Rail News
Shanghai’s Next Step
Mike Grinter |
Among the many major developments at the Port of Shanghai since the site became the world’s largest container port last year, one of the most intere
Maritime
Multiyear Contracts, on the Pacific Horizon
Peter T. Leach |
Multiyear contracts underpinned by adjustable freight rates are moving into the Asia-Europe trade and may reach the trans-Pacific next year.
Maritime
Forwarding
UASC Targets Reefer Market With New Ships
JOC Staff |
United Arab Shipping received its first 13,500-TEU vessel, part of an order of nine so-called A13 vessels from South Korean shipbuilder Samsung Heavy Industries.
Forwarding
Maritime
Container lines
Rail, Intermodal Rates Seen Firming
John D. Boyd |
If there’s been one reliable trend in recent years, through recession years and growth, it’s that rail rates keep rising.
Rail News
NS, CN Bullish on 2011 Prospects
John D. Boyd |
Charles W. Moorman, chairman, president and CEO of eastern-U.S.
Rail News
Yield Signs Brighten
William B. Cassidy |
Slow growth, or even declining revenue, isn’t necessarily a bad thing — if it comes with higher earnings.
Trucking News
LTL
California’s new Gold Rush
Stephanie Nall |
In the heady export days of 2007, more than a million metric tons of bagged rice was exported through Northern California’s Port of Stockton.
Maritime
YRC Almost Fully Diluted
William B. Cassidy |
YRC Worldwide may have cleared perhaps the largest obstacle to its survival by securing an accord on a restructuring plan to cut debt and boost liquidity, but it almost certainly will not be the last
LTL
Trucking News
Trucking labor
Carriers’ Financial Squeeze
Joseph Bonney |
Japan’s three largest ocean carriers expect lower profits this year because of higher fuel prices, uncertain bulk and car carrier markets, and the impact of the March 11 earthquake and tsunami.<
Forwarding
Maritime
Container lines
STB’s Nudge to Regulate
John D. Boyd |
If the Surface Transportation Board is inclined to impose new competition and shipper access rules on U.S. railroads, the Obama administration appears to be OK with it.
Rail News
Transport, Trade and Regulation News
Trinity’s Supplier Business Rebounds
John D. Boyd |
Trinity Industries is getting a needed boost from improving rail business, but the improvement in the transport equipment manufacturer’s financial picture this year goes beyond the railroads.
Rail News
Cold Chain Group Signs Energy Partnership
JOC Staff |
The Global Cold Chain Alliance has signed a service partnership agreement with Cascade Energy.
Transport, Trade and Regulation News
USDA Cautioned on Importer Definition
JOC Staff |
The National Customs Brokers and Forwarders Association of America is cautioning the U.S.
Transport, Trade and Regulation News
Delivering Savings
Stephanie Nall |
Drug and health care companies are being told that how you distribute products can be a billion-dollar decision.
Transport, Trade and Regulation News
In a Disaster, Relief Is on the Way
Stephanie Nall |
When disasters such as the earthquake and tsunami in Japan strike, there is an immediate need for food, medicine and shelter to be sent to affected areas.
Transport, Trade and Regulation News
Dairy Producers: End Trucking Dispute
JOC Staff |
The International Dairy Foods Association supports the Obama administration’s proposed cross-border trucking agreement between the United States and Mexico.
Trucking News
In a Search for Food, Japan Turns to US
Stephanie Nall |
In the first two months of 2011, Japanese consumers markedly increased their purchases of U.S. foods, spending 81 percent more on U.S.
Transport, Trade and Regulation News
Bulking Up - and Down
Zhang Liang |
China’s demand for bulk commodities has determined the fundamental trend of the dry bulk shipping market.
Maritime
Forwarding
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