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Platts Containers Update
Thousands Seek Aid from DOT’s 2010 Grant Pool
John D. Boyd |
A Department of Transportation discretionary grant pool for 2010 awards drew thousands of pre-applications seeking tens of billions of dollars to aid infrastructure projects, from a “TIGER II&rd
Transport, Trade and Regulation News
Old Dominion Freight Line Plans Stock Split
William B. Cassidy |
Trucking company Old Dominion Freight Line approved a 3-for-2 stock split to boost the trading volume of its stock. The split will take place Aug. 23.
Trucking News
LTL
Los Angeles Air Freight Recovery Levels Off
JOC Staff |
Freight traffic at Los Angeles International Airport grew 25.1 percent in the first half of the year, but the tonnage growth slipped back in June in a sign that the air cargo recovery is leveling off.
Air Cargo
Agility Launches Operations in Cambodia
Thomas L. Gallagher |
Agility launched operations in Cambodia, opening an office in the capital Phnom Penh.
Transport, Trade and Regulation News
Greek Truckers End Strike
JOC Staff |
Greek truckers ended a week-long strike Tuesday, defusing a confrontation with the government over plans to reform the country’s entrenched trucking industry rules.
Trucking News
Atlas Air Triples Profit on Soaring Cargo Charters
JOC Staff |
Atlas Air Worldwide Holdings more than tripled its net profit to $32.8 million in the second quarter on strong demand for chartered aircraft in the resurgent global air cargo market, the freighter ope
Air Cargo
Air Cargo Carriers News
Danmar Launches China-Europe LCL Services
Thomas L. Gallagher |
Danmar Lines, DHL Global Forwarding's in-house carrier, launched two direct less-than-container-load services from Shenzhen, China, to Europe.
Maritime
Container lines
Forwarding
Deutsche Post Profit, Outlook Rise
Joseph Bonney |
Deutsche Post reported sharply higher second quarter profit and raised its full-year forecast because of higher profits at DHL, which CEO Frank Appel said has become the company’s “growth
Air Cargo
Air Cargo Forwarder News
Recovering YRC Reports $48.3 Million Operating Profit
JOC Staff |
YRC Worldwide reported a $48.3 million operating profit in the second quarter on Tuesday and expanded business with shipping customers as the less-than-truckload carrier showed signs it is turning aro
Trucking News
LTL
LA-Long Beach Union Talks Enter Second Month
Bill Mongelluzzo |
Office clerical workers at the ports of Los Angeles and Long Beach pursued contract negotiations into their second month with local issues still dominating the talks.
Maritime
Forwarding
USPS Names Vogel to Lead Shipping Service
JOC Staff |
The U.S.
Air Cargo
Diesel Prices Climb for Second Week
Thomas L. Gallagher |
Diesel prices climbed an average of nine-tenths of a cent to $2.928 per gallon in the second consecutive week of gains, the U.S. Energy Information Administration reported Monday.
Trucking News
Panama, Gulfport Sign Trade Development Pact
Peter T. Leach |
The Panama Canal Authority and the Mississippi State Port Authority at Gulfport signed a memorandum of understanding Monday aimed at increasing all-water trade between Asia and the U.S.
Maritime
Forwarding
West Coast Container Volume Jumps 15 Percent
Bill Mongelluzzo |
Container volume at West Coast ports increased 15 percent in the first six months of 2010 compared to the same period in 2009, according to the Pacific Maritime Ass
Maritime
Forwarding
North American ports
Freight Index Falls 8.6 Percent
JOC Staff |
The Cass Freight Index for industrial shipping fell back 8.6 percent in July, the first decline in six months and a signal that weakness in the broader U.S.
Transport, Trade and Regulation News
Trucking Association Opposes FREIGHT Act
William B. Cassidy |
Legislation calling for a national freight transportation policy would short-change the nation’s highways, the American Trucking Associations said.
Transport, Trade and Regulation News
Trucking News
House Bill Calls for National Freight Policy
William B. Cassidy |
A bill introduced in the House last week matches Senate legislation calling for a national freight transportation
Transport, Trade and Regulation News
TNT to Split Mail, Express Units
Joseph Bonney |
Dutch postal and express group TNT announced it will separate its mail and express businesses by the start of next year.
Air Cargo
Air Cargo Forwarder News
US Manufacturing Growth Slowed in July
Joseph Bonney |
U.S. manufacturing growth slowed for the third straight month in July as the sector's year-long recovery showed new signs of weakness, the Institute for Supply Management reported.
Transport, Trade and Regulation News
Forwarding
Chinese Manufacturing Index Slows
Joseph Bonney |
Expansion of Chinese manufacturing activity slowed in July, according to an independent survey and a Chinese government report.
Transport, Trade and Regulation News
Forwarding
Celadon Full-Year Profit Soars 83 Percent
William B. Cassidy |
Celadon Group's annual profit soared 83 percent last year, boosted by increased demand, diminished capacity and more cross-border traffic with Mexico.
Trucking News
Savannah Containers Hit Pre-Recession Level
Peter T. Leach |
Container throughput at the Port of Savannah increased 34 percent in June to 240,734 20-foot equivalent container units, compared with 179,451 TEUs the previous June.
Maritime
Forwarding
Expeditors Profit Soars to Record $90 Million
JOC Staff |
Soaring air and ocean freight shipping pushed net profit at Expeditors International of Washington up 67 percent to a record $90.3 million in the second quarter, the forwarder said Monday.
Air Cargo
Nippon Express Lost $24 Million
Hisane Masaki |
Nippon Express, Japan's largest freight forwarder, suffered a net loss of $24 million in the April-June period, compared with a net profit of $26.24 million a year earlier.
Air Cargo
India Averts Truck Strike
JOC Staff |
Unionized truckers in India delayed for 10 days a nationwide strike planned for Aug. 6, temporarily averting disruptions in the country’s road transport sector.
Trucking News
Forwarding
Seacastle Changes Name to TRAC Intermodal
Joseph Bonney |
Seacastle Chassis, the largest lessor of marine and domestic chassis, is changing its name TRAC Intermodal.
Maritime
Forwarding
Capacity Bunch
Bill Mongelluzzo |
The harbor drayage community in Southern California is warning there will be a shortage of truck capacity during the peak shipping season.
Trucking News
Transport, Trade and Regulation News
Trucking labor
CREATE-ing Export Hopes
John D. Boyd |
When the Obama administration completed the paperwork to release $100 million in a stimulus grant to help untangle Chicago’s time-wasting web of railroad tracks and city streets, it tied the spe
Transport, Trade and Regulation News
Rail News
Forwarding
Senate Bill Seeks 100 Percent Solution
R.G. Edmonson |
The Senate isn’t giving up on scanning all maritime containers arriving in the U.S., but lawmakers appear willing to ease the law to make it more palatable to opponents at home and abroad.
Transport, Trade and Regulation News
Forwarding
Swifter Change
William B. Cassidy |
Swift Transportation pulls up to Wall Street a different company than the one that left the stock exchange in 2007. Swift isn’t just smaller, it’s more intermodal.
Trucking News
Rail News
Forwarding
Rail’s Split Personality
John D. Boyd |
The freight rail business is looking more like two markets than one, a fast-paced intermodal segment marked by equipment tightness and other business segments marked by uncertainty about the economic
Rail News
North Carolina’s Terminus Interruptus
Peter T. Leach |
The best-laid plans to build a new container port in North Carolina are foundering on the shoals of environmental and community opposition.
Maritime
Transport, Trade and Regulation News
Finding Pricing’s Peak
Joseph Bonney |
More than halfway into a year that’s been a seller’s market for freight transportation of all kinds, the surge in ocean container rates may be losing steam.
Maritime
Air Cargo
Trucking News
Rail News
Container lines
Forwarding
Putting Freight in Federal Policy
William B. Cassidy |
Sen. Frank Lautenberg knows congestion, and he wants to do something about it.
Transport, Trade and Regulation News
Montreal Back to Work
Courtney Tower |
Shippers and forwarders are relieved, but some wonder whether the Port of Montreal’s concerns are over.
Maritime
Warehousing Builds Buffer Zone
William B. Cassidy |
Distribution centers will crop up in unlikely places as transportation corridors shift and energy demands bring new markets to light, a location consultant says.
Transport, Trade and Regulation News
Swift Rolls on Wall Street
William B. Cassidy |
Trucking magnate Jerry Moyes is driving $2.6 billion Swift Transportation back to Wall Street with plans to raise $700 million in an initial public offering.
Trucking News
Delta Fined $38 Million For Air Cargo Price-Fixing
JOC Staff |
Delta Air Lines will pay a $38 million fine to settle charges that the cargo business it bought with Northwest Airlines took part in a global conspiracy to fix air freight prices, the U.S.
Air Cargo
Air Cargo Carriers News
Group Aims to Reduce LA-Long Beach Terminal Congestion
Bill Mongelluzzo |
A harbor working group that includes 30 terminal operators, trucking executives and labor representatives is moving quickly to address marine terminal congestion in Los Angeles-Long Beach.
Maritime
Trucking News
North American ports
Trucking labor
House Panel Approves Water Development Act
R.G. Edmonson |
The House Transportation and Infrastructure Committee on Thursday approved a new Water Resources Development Act, the vehicle that authorizes new projects to be carried out by the Army Corps of Engine
Transport, Trade and Regulation News
Maritime
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