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Breakbulk Quarterly Intelligence
Platts Containers Update
MOL Earns $700 Million Profit for Year
Joseph Bonney |
Japanese ocean carrier Mitsui O.S.K.
Maritime
Container lines
Forwarding
Nevada Governor Names Rep. Heller to Fill Senate Seat
John D. Boyd |
Nevada Gov. Brian Sandoval, R, said he will appoint Rep.
Transport, Trade and Regulation News
US Asks Court to Cut Horizon Fine by Two-Thirds
Joseph Bonney |
The Justice Department wants Horizon Lines' $45 million fine for price-fixing in the U.S. mainland-Puerto Rico trade to be slashed to $15 million to avoid sending the carrier into bankruptcy.
Maritime
Container lines
Forwarding
Norfolk Southern 1Q Net Rises 26 Percent to $325 Million
John D. Boyd |
Norfolk Southern Railway's profit rose 26 percent in the first quarter from a year earlier to $325 million, outpacing a 17 percent gain in rail operating revenue to $2.6 billion.
Rail News
North-American rail
Number of US Exporters Grew 46 Percent in 2010
R.G. Edmonson |
The number of companies that export between 5,000 and 25,000 shipments a year increased nearly 46 percent between 2009 and 2010, the American Association of Exporters and Importers said Wednesday.
Forwarding
DOT Sends $100 Million to California for Trains
John D. Boyd |
The Department of Transportation is sending California a $100 million grant to buy locomotives and passenger cars for two rail routes shared with freight railroads.
Rail News
North-American rail
Coos Bay Port Names ARG to Run Rail Link
John D. Boyd |
The Oregon International Port of Coos Bay tapped short line operator ARG Trans to run the port's rail line that will soon resume partial service to shippers in that state.
Rail News
Shanghai to Expand Yangshan Port
Peter T. Leach |
Shanghai will expand the offshore Yangshan Deep Water Port as part of a plan to enhance the port services industry during the 12th Five-Year Plan, the city's port authority said Tuesday.
Port News
Forwarding
MOL to Expand Intra-Asia Service
JOC Staff |
MOL will upgrade its Singapore-Nhava Sheva-Karachi Service linking Southeast Asia and the Indian subcontinent, starting in May.
Container lines
Maritime
Forwarding
Terror Suspect Sought Container Bomb Attack
JOC Staff |
An al Qaeda operative and one-ti
Transport, Trade and Regulation News
Forwarding
Rising Profit, Sales Prime ODFL for Expansion
William B. Cassidy |
Old Dominion Freight Line stayed on course for stronger profitability and greater market share in the first quarter, with a 180 percent increase in net income.
LTL
Trucking News
Coast Guard Wants Chicago Canal Safety Zone
R.G. Edmonson |
The Coast Guard proposes establishing a permanent safety zone for the entire 77 miles of the Chicago and Sanitary Ship Canal and related waterways.
Container lines
C.H. Robinson Revenue Rises 14 Percent
William B. Cassidy |
Truck rates and volume outpaced first-quarter cost increases at C.H. Robinson Worldwide, bolstering the non-asset transportation giant's revenue and profit.
Trucking News
LTL
Truck brokers
Rail Suppliers Seek Buy-America Changes
John D. Boyd |
Makers of a wide range of equipment and components used by both the freight and passenger rail industry want the Obama administration to standardized and streamline its Buy-America provisions for gran
Rail News
Durable Goods Orders Rise Third Straight Month
Joseph Bonney |
Orders for manufactured durable goods rose in March for the third consecutive month, outpacing the 15th straight month of increases in inventories, the Commerce Department reported.
Transport, Trade and Regulation News
Zim Announces Third India-Europe Rate Hike
JOC Staff |
Zim Integrated Shipping Services announced a general rate increase on the westbound trades from India to Europe and the Mediterranean, the second GRI in one-and-a-half months and the third this year.
Maritime
Container lines
Forwarding
UASC Raises $140 Million to Expand Fleet, Network
Bruce Barnard |
United Arab Shipping Company signed a $140 million loan facility with Gulf Bank, Kuwait, the latest financing to support the expansion of its container fleet and route network.
Container lines
Maritime
Forwarding
Japanese Exports Tumble 19 Percent in Early April
Hisane Masaki |
Japan's exports plunged 19.4 percent between April 1 and 10 from the same 10-day period last year to $18.22 billion, according to preliminary figures released by the Finance Ministry on Wednesday.
Forwarding
Japanese Factories Restoring Capacity
Hisane Masaki |
Japanese manufacturers say that 64 percent of their production bases in areas affected by the devastating March 11 earthquake and tsunami
Transport, Trade and Regulation News
US Indicts Former Air France Cargo Executives
Bruce Barnard |
A federal grand jury in Chicago indicted two former Air France Cargo executives on charges of conspiring to fix international air freight rates.
UPS Sees Shippers Accepting Price Increases
JOC Staff |
UPS officials say they have seen "minimal" resistance from shippers in raising prices for domestic package services so far in 2011.
Air Cargo Forwarder News
Air Cargo Carriers News
Air Cargo
Yusen Names Granger Head of Capacity Procurement
Peter T. Leach |
Yusen Logistics (Americas) hired Doug Granger as director of capacity procurement and intermodal equipment management.
Transport, Trade and Regulation News
Forwarding
LTL
Truck brokers
Grand China Now Calling in Long Beach
Bill Mongelluzzo |
The Port of Long Beach Tuesday welcomed the newest trans-Pacific container line, Grand China Logistics, which is entering the increasingly competitive trade lane between China and the U.S.
Port News
Forwarding
Landstar Profit Up 20 Percent in First Quarter
William B. Cassidy |
Landstar System increased revenue 4.4 percent in the first quarter to $572 million, a slower rate of growth than in recent quarters at the truckload carrier group.
Truckload
Canadian National Posts Large 1Q Gain
John D. Boyd |
Canadian National Railway boosted its profit 31 percent in the first quarter to nearly US$702 million and raised its full-year financial outlook.
Rail News
North-American rail
European Imports to Grow Despite Japan Disaster
Peter T. Leach |
The Japanese earthquake and tsunami will have only a small impact on European imports over the next year according to the Global Port Trac
Port News
Forwarding
Durable Goods Production Rose 9.9 Percent in 2010
William B. Cassidy |
Durable goods manufacturing and retail sales led the economic recovery in 2010, according to a preliminary study by the federal Bureau of Economic Analysis.
Transport, Trade and Regulation News
Used Truck Prices Rise 6 Percent
William B. Cassidy |
The average sales price of used heavy-duty trucks increased 6 percent in March from February, as demand for capacity collided with a short supply of older vehicles.
Trucking News
LTL
Truck Tonnage Grows 1.7 Percent in March
William B. Cassidy |
The American Trucking Associations seasonally adjusted For-Hire Truck Tonnage Index increased 1.7 percent in March after falling a
Trucking News
LTL
Railroads Work Through Storm Impact
John D. Boyd |
Severe spring storms are hampering freight transportation in the Midwest, as several major railroads closed tracks from as far south as Texas to as far north as Canada.
Rail News
North-American rail
Shipping Group to Set Electronic Payment Standards
Peter T. Leach |
INTTRA, an electronic booking portal for the ocean freight industry, formed a new advisory board with its customers to set standards for electronic payments.
Logistics Technology News
Container lines
Forwarding
Rotterdam Container Traffic Jumps 10 Percent
Bruce Barnard |
Container traffic in Rotterdam grew 10 percent in the first quarter of 2011 from a year ago, driven mainly by strong growth in trade with Asia and a recovery in intra-European shipments.
Port News
Maritime
Forwarding
Consumer Confidence Index Inches Up
Joseph Bonney |
A widely watched gauge of U.S. consumer confidence edged up last month and continues to suggest a slowly improving economy, despite a continued soft real estate market and high unemployment rates.
Transport, Trade and Regulation News
Seaspan Takes Delivery of 8,500-TEU Ship
Joseph Bonney |
Container ship owner-lessor Seaspan took delivery of the 8,500-TEU Cosco Vietnam from South Korea’s Hyundai Heavy Industries.
Container lines
Maritime
Forwarding
UPS Signals Strong Outlook on 66 Percent Profit Gain
JOC Staff |
UPS’s profit soared 66 percent in the first quarter to $885 million, and the parcel giant issued a glowing outlook for the full year on Tuesday, raising its earnings projections 24 percent to record a
Air Cargo Forwarder News
Air Cargo Carriers News
Air Cargo
APM Terminals Eyes Russian Port Investment
Peter T. Leach |
APM Terminals is considering investing in a new Baltic Sea port in the Kaliningrad region of Russia, according to Russian government press material.
Port News
Forwarding
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
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