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Platts Containers Update
Oil Platform Explodes in the Gulf of Mexico
Janet Nodar |
The offshore oil platform Vermillion 380 blew up Thursday morning in the Gulf of Mexico, catching on fire and forcing 13 workers into the water.
Maritime
Forwarding
Short Line Traffic Hits Fastest Pace Since April
John D. Boyd |
North America's small railroads saw freight traffic for the week ending Aug. 28 rise to the highest level since late April, continuing a volume rebound that began in July.
Rail News
Commercial Aircraft Drive Uptick in Factory Orders
Joseph Bonney |
Orders to U.S. factories edged up 0.1 percent in July because of strong demand for commercial aircraft. Excluding transportation goods, orders declined 1.5 percent, the biggest drop in 16 months.
Transport, Trade and Regulation News
Transportation Hiring Slips in August, Monster Says
William B. Cassidy |
Hiring in transportation and warehousing slowed in August, according to Monster Worldwide, as the hiring and recruitment specialist's
Transport, Trade and Regulation News
Gulf & Ohio to Acquire Lancaster & Chester
Rail Resource |
Gulf & Ohio Railways, Inc. (G&O), headquartered in Knoxville, Tenn., intends to acquire South Carolina’s Lancaster & Chester Railway Co. (L&C), the two have announced.
Rail News
FRA Proposes Regulatory Changes For Concrete Crossties
Rail Resource |
The Federal Railroad Administration (FRA) on Aug.
Rail News
North-American rail
Lawrence Transportation Buys Virginia Trucker
William B. Cassidy |
A small Virginia trucking operator is getting larger through acquisition, taking advantage of opportunities for expansion in the economic recovery.
Trucking News
UTi Worldwide Profit Soars 60 Percent
Thomas L. Gallagher |
Logistics provider UTi Worldwide earned net profit of $18.9 million in the second quarter, up 60 percent from $11.8 million a year ago.
Transport, Trade and Regulation News
Truck brokers
Aeroports de Paris Profit Rises as Freight Soars
Bruce Barnard |
Aeroports de Paris, operator of the French capital's Charles de Gaulle and Orly airports, said first half freight traffic climbed 14.1 percent from a year ago, contributing to an 8.2 percent rise in p
Air Cargo
Maersk Names Head of Investor Relations
Peter T. Leach |
A.P. Moller-Maersk appointed Henrik Lund as head of the group’s investor relations function. He replaces Anders Mohr Christensen.
Maritime
Container lines
Forwarding
Port of Mumbai Eases Restrictions
JOC Staff |
India's Port of Mumbai eased restrictions imposed earlier on vessel movements following the MSC Chitra-Khalijia-3 collision in the main harbor channel Aug. 7.
Maritime
Frankfurt to Expand Cargo Hub
Bruce Barnard |
Frankfurt airport announced a major expansion of freight facilities to keep pace with surging shipments.
Air Cargo
Port of LA Will Phase in Clean-Truck Mandate
Bill Mongelluzzo |
The Port of Los Angeles says it will phase in the requirement for employee drivers in port trucking now that the country's largest port has approval from a federal judge to implement portions of the c
Maritime
Forwarding
Trucking labor
Trucking Official Sees More Port Trucking Battles
Bill Mongelluzzo |
A trucking official says a judge’s ruling against owner-operator drivers at the Port of Los Angeles was just one skirmish in “a war” the industry is fighting with officials at the po
Port News
Maritime
Trucking labor
Cost-Cutting USPS Begins Contract Talks
JOC Staff |
The U.S.
Air Cargo
Air Cargo Forwarder News
Norfolk Southern to Cut Carbon 10 Percent in Five Years
John D. Boyd |
Norfolk Southern Railway says it will cut greenhouse gas emissions in its operations 10 percent by 2014 from 2009 levels through fuel-saving technology and efficiency improvements.
Rail News
North-American rail
Canadian Trucking Costs Edged Up in June
Joseph Bonney |
Trucking costs for shippers in Canada rose in June for the second straight month but extended a 14-month streak of year-to-year declines, according to the Canadian General Freight Index.
Trucking News
Air Freight Rate Index Falls 10 Percent in July
JOC Staff |
Average air freight prices out of Asia fell 10.1 percent in July from the month before to the lowest point in nearly a year, according to the latest Drewry Air Freight Price Index.
Air Cargo
MSC Returns Some Calls to Maher Terminal
Peter T. Leach |
Mediterranean Shipping Co. switched calls by two of its trans-Atlantic services, USA 1 and 2, back to Maher Terminal from the Port Newark Container Terminal as of Sept. 1.
Maritime
Container lines
Forwarding
US to Update Transshipment Practices
R.G. Edmonson |
The U.S.
Transport, Trade and Regulation News
Forwarding
Budget Office Sees Highway Fund Secure to 2013
John D. Boyd |
The Congressional Budget Office is drawing the attention of transportation policy experts with an upbeat estimate that the nation’s Highway Trust Fund should be able to cover its projected spending ne
Transport, Trade and Regulation News
Trucking News
Rail News
SNCF Returns to Profit, Freight Recovers
Bruce Barnard |
France's state-owned railway SNCF returned to profit in the first half of 2010, helped by a recovery in freight traffic and logistics.
Rail News
CMA CGM Swings to First Half Profit
Bruce Barnard |
French ocean carrier CMA CGM swung to a first half net profit of $864 million from a year earlier loss of $518 million on higher traffic volume and freight rates combined with lower costs.
Maritime
Container lines
Forwarding
Commerce Secretary Outlines Export Control Changes
R.G. Edmonson |
The Obama administration is taking the first steps toward creating a new export control system that will guard sensitive technology needed for national security while facilitating the exports of less-
Transport, Trade and Regulation News
Spot Rates Slip as Container Ship Capacity Rises
Joseph Bonney |
Spot rates on key container shipping routes are weakening as growth in volume is outstripped by a 19 percent year-to-date increase in vessel capacity.
Maritime
Container lines
Forwarding
US Manufacturing Index Expands in August
Joseph Bonney |
A major measure of U.S. manufacturing expanded in August, advancing 0.8 percentage points, defying forecasts of a decline in a slowing U.S.
Transport, Trade and Regulation News
Hamburg Attracts Feeder Services
Bruce Barnard |
The port of Hamburg lured several container feeder services from Rotterdam, stemming a year-long loss of market share to its north European rivals.
Maritime
Forwarding
Shipowner Danaos Lost $14.7 Million
Bruce Barnard |
Greek container shipowner Danaos sunk into the red in the second quarter as losses on derivatives outweighed higher revenue and fatter margins.
Maritime
Forwarding
British Retailer Sues Maersk for $13.9 Million
Peter T. Leach |
The British retailer Argos filed suit in the UK against A.P. Moller-Maersk for $13.9 million, claiming breach of contract in rate increases and services.
Maritime
Container lines
Forwarding
China Manufacturing Keeps Growing in August
Joseph Bonney |
China’s manufacturing growth improved in August as the nation’s auto sales rose 59 percent from a year earlier, according to reports that dampened concerns about a slowdown in the world&rs
Transport, Trade and Regulation News
Schneider Logistics Sells Forwarding, Customs Business
William B. Cassidy |
Schneider Logistics will sell its freight forwarding and customs house brokerage business to Norbert Dentressangle, a $3.5 billion trucking and logistics operator.
Trucking News
FMC Collects $218,750 in Settlement Agreements
R.G. Edmonson |
Network Shipping, an agent for Del Monte, paid $100,000 to settle charges that it transported empty refrigerated containers to Ecuador and charged below tariff rates on northbound shipments, the Feder
Maritime
Forwarding
Hapag-Lloyd Appoints Chief Commercial Officer
Peter T. Leach |
Hapag-Lloyd announced the hiring of Jesper Praestensgaard as its new chief commercial officer on Tuesday.
Maritime
Container lines
Forwarding
Foster, Portec Extend Time to Complete Merger
John D. Boyd |
Rail equipment suppliers L.B. Foster and Portec Rail Products said they agreed to extend to Dec.
Rail News
Commerce Department Begins Merging Export Lists
R.G. Edmonson |
The U.S. Department of Commerce this week began the task of merging two lists of export products subject to government control.
Transport, Trade and Regulation News
Forwarding
Bingham Moves to Wilbur Smith Associates
Joseph Bonney |
International trade and transportation specialist Paul Bingham joined Wilbur Smith Associates, where he will head the transportation and logistics consulting firm’s economics practice.
Transport, Trade and Regulation News
McAllister Joins Rescue, Firefighting Alliance
Peter T. Leach |
McAllister Towing and Transportation said it is joining the Marine Response Alliance, a group of companies that provides res
Maritime
Truck, Trailer Sales Slip in July
William B. Cassidy |
Declining used and new truck and trailer sales in July reflected seasonal trends and trucking company reluctance to add capacity in an uncertain economic recovery.
Trucking News
NAFTA Trade Volume Climbed 4.6 Percent in June
Joseph Bonney |
Trade using surface transportation between the United States and Canada and Mexico rose 4.6 percent in value in June from May and increased 37.6 percent from June 2009, the Transportation Department r
Transport, Trade and Regulation News
Former Arrow Trucking Executives Seek $1.4 Million in Wages
William B. Cassidy |
Three former executives of bankrupt Arrow Trucking filed $1.38 million in priority wage claims, drawing objections from Arrow's trustee, the Tulsa World reports.
Trucking News
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