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Top 100 US Exporters
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For niche carriers, larger players deliver better reliability
Dustin Braden, Shipper Relationship Manager |
Niche carriers either greatly overperform or dramatically underperform the top 16 carriers.
Container lines
TPG Capital to buy Transplace, extending supply-chain reach
William B. Cassidy, Senior Editor, Trucking |
Private equity firm Transplace management to buy company as shippers increasingly demand not just technology, but also realizing the value of that technology.
Logistics Technology News
Trucking News
Truck brokers
HHLA revenue, earnings, traffic jump on new alliances
Bruce Barnard, Special Correspondent |
The three Hamburg terminals posted an 11.8 percent increase in traffic to 3.4 million TEU.
Marine terminals
Maersk: Consolidation could reduce major carriers to handful
Bruce Barnard, Special Correspondent |
The number of top global carriers has fallen since 2014.
Container lines
Volume gains help Yang Ming and HMM tackle debt burden
Greg Knowler, Senior Editor Europe |
Debt-stricken carriers Yang Ming and HMM have used government support and the improving market conditions to raise revenue, cut costs, and pare down debts.
Container lines
YRC shakes up network for faster service
William B. Cassidy, Senior Editor, Trucking |
Shippers want faster door-to-door service from less-than-truckload carriers.
LTL
Surging volumes push Deutsche Post DHL to record quarter
Bruce Barnard, Special Correspondent |
Deutsche Post DHL posted its strongest ever second quarter result.
Logistics Technology News
XPO poised for acquisitions as revenue, profits rise
William B. Cassidy, Senior Editor, Trucking |
The $14.6 billion logistics and transportation provider accelerated growth at asset and non-asset operations alike in the second quarter, including its LTL division.
LTL
Truck brokers
DSV profit hits record
Bruce Barnard, Special Correspondent |
DSV booked record earnings in the second quarter.
Logistics Technology News
Rising US freight volumes propel LTL building boom
William Cassidy |
A steady increase in freight volumes and e-commerce demand is fueling an expansion of LTL networks, with YRC Freight planning eight distribution centers.
LTL
Carriers’ on-time performance improves, but lags last year
Dustin Braden, Shipper Relationship Manager |
The most reliable carrier in the quarter was Wan Hai.
Container lines
Spiking traffic helps drive OOCL’s double-digit pricing power gain
Dustin Braden, Shipper Relationship Manager |
The double-digit second-quarter volume and revenue growth will come as good news to OOCL’s prospective new owner, China Cosco Shipping Holdings.
Container lines
East-west spot rate gains forecast to drive carriers to $5 billion profit
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
After six consecutive years of losses, the shipping industry headed for return to profits this year and next.
Container lines
Werner expects higher truckload contract rates
Dustin Braden, Shipper Relationship Manager |
“We expect contractual rates to begin to improve over the next few quarters.”
Truckload
PIL shrugs off takeover target speculation
Greg Knowler, Senior Editor Europe |
PIL has declined to speculate on the attractiveness of the mid-sized carrier as a takeover target.
Container lines
Flood of giant vessels to keep Asia-Europe rates under pressure
Greg Knowler, Senior Editor Europe |
The majority of ships deployed on Asia-Europe by the end of 2018 will be greater than 18,000 TEU, which will have implications for rate levels and ports.
Container lines
Savannah tops pecking order for US poultry exports
Joseph Bonney, Senior Editor |
When it comes to poultry, the Port of Savannah has plenty to crow about.
North American ports
Demand tightens US truck capacity ahead of ELDs
William B. Cassidy, Senior Editor, Trucking |
Increased second-quarter US industrial activity, consumer confidence primes freight market, pressures rates.
Truckload
LTL
Truck brokers
PNW ports’ battle for share hinges on cargo velocity
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Pacific Northwest ports believe the true competitive edge will come from faster cargo velocity at the terminals.
North American ports
Rising rates squeeze C.H. Robinson despite freight surge
William Cassidy |
As freight volumes surge, truckload rates are rising faster than 3PLs such as C.H. Robinson Worldwide can adjust pricing.
Truck brokers
Maritime
Air Cargo
LTL
Rotterdam container traffic helped by alliances, surges
Bruce Barnard, Special Correspondent |
Europe’s leading ocean container hub handled 6.7 million TEU in the first six months of 2016.
International ports
Panalpina posts robust ocean, air freight growth
Bruce Barnard, Special Correspondent |
Consolidated net profit came in at 29.9 million francs against 21.8 million francs last time.
Logistics Technology News
Zim refutes report that it needs cash from an IPO
Bruce Barnard, Special Correspondent |
“The info is wrong.”
Container lines
HPHT revenue, profit drop despite rising volume
Turloch Mooney, Senior Editor, Global Ports |
Hutchison said it continues to be impacted by ongoing structural consolidation within the container shipping industry and a consequent rationalization of services.
Marine terminals
China plan to ban waste imports threatens US exports
Dustin Braden, Shipper Relationship Manager |
If the ban takes effect, US exporters of these commodities will lose access to the destination where they shipped 77.8 percent of their products last year.
Transport, Trade and Regulation News
LA-LB ports move forward on major environmental plan
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Clean-air update would result in estimated $7 billion to $14 billion in extra costs in Los Angeles-Long Beach while expanding even further the ports' leading emissions reductions among US ports.
North American ports
PIL seen as next takeover target after OOCL
Bruce Barnard, Special Correspondent |
Pacific International Lines' traffic in US imports from Asia rose 67 percent year over year in the second quarter.
Container lines
US exporters tapping new DDG markets hurts container volumes
Reynolds Hutchins, Associate Editor |
Trade disputes are driving US exporters of dried distillers grains (DDGs) to overhaul their supply chains.
Transport, Trade and Regulation News
Higher US freight demand bolsters XPO Logistics revenue
William Cassidy |
XPO Logistics expects a healthy increase in revenue in the second quarter from the first quarter and a year ago, as freight demand in the US picks up.
LTL
Truck brokers
Antwerp says it needs more capacity for rising volume
Bruce Barnard, Special Correspondent |
Total throughput increased 2.8 percent to 111.4 million metric tons.
International ports
Kuehne + Nagel ocean, air traffic jumps, but profit stalls
Bruce Barnard, Special Correspondent |
Air freight soared by 18 percent.
Logistics Technology News
Volume, revenue rise for J.B. Hunt, but so do costs
William B. Cassidy, Senior Editor, Trucking |
Higher second-quarter freight demand drove up costs faster than contract rates for J.B. Hunt Transport Services, squeezing the $6.6 billion company's profits.
Truckload
Resins raise questions for surging US cotton exports
Joseph Bonney, Senior Editor |
US cotton exporters are anticipating another strong year after containerized cotton exports rose 3.7 percent last year.
Supply chain
No rapid rise of US beef exports to China expected as market opens
Greg Knowler, Senior Editor Europe |
The first consignment of US beef to be imported by China in 14 years is just days away from arriving in the country.
Transport, Trade and Regulation News
Cool Cargo News
Drewry: Cosco-OOCL deal may be last of its kind
Joseph Bonney, Senior Editor |
“There aren’t many other takeover candidates left on the shelf.”
Container lines
Cosco-OOCL tie-up will further limit shippers' options
Greg Knowler, Senior Editor Europe |
A combined Cosco-OOCL carrier will further reduce the options for shippers that have been cut drastically by a wave of consolidation in the past year.
Maritime
Container lines
Cosco to buy OOCL for $6.3B and keep brand
JOC Staff |
The deal maintains the Hong Kong carrier’s brand and marks a new chapter in the ongoing industry consolidation.
Container lines
Heartland Express buys IDC, builds truckload 'density'
William Cassidy |
The $113 million acquisition of Interstate Distributor will give Heartland greater "depth" in important truck lanes and a roster of experienced drivers.
Truckload
Samsung: Carrier consolidation lifting rates
Turloch Mooney, Senior Editor, Global Ports |
“We see lots of changes in terms of networks and ports of call and there is some impact on rates.”
Container lines
Heavy-freight hauler Daseke completes third 2017 merger
William B. Cassidy, Senior Editor, Trucking |
The addition of The Steelman Companies follows mergers with Big Freight Systems and Schilli Companies, pushing Daseke revenue closer to $1 billion.
Truckload
Breakbulk News
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