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House Bill to Fund Merchant Ship Construction
R.G. Edmonson |
Lawmakers last week filed in the House a bill to authorize $60 million in loan guarantees for merchant ship construction under the Maritime Administration’s Title XI program.
Transport, Trade and Regulation News
Sen. Kerry Knocks Down Fuel Tax Talk
John D. Boyd |
Sen.
Transport, Trade and Regulation News
U.S. Exports to China Remain Strong
Joseph Bonney |
Nineteen U.S. states had more than $1 billion in export sales to China last year, according to an annual survey by the U.S.-China Business Council.
Transport, Trade and Regulation News
IMF Raises Global Economic Forecast
Joseph Bonney |
The International Monetary Fund says the world economy is recovering from the global crisis better than expected but at different speeds in different parts of the world.
Transport, Trade and Regulation News
Trans-Pacific Spot Rate Climbs 6 Percent
Peter T. Leach |
After two months of relative stability, the spot rate for shipping a 40-foot container from Hong Kong to Los Angeles climbed 6 percent to almost $2,000 per FEU in the week ended April 19 as the scarci
Maritime
Container lines
Forwarding
Cargo Theft Costs $10 Billion per Year
Bill Mongelluzzo |
Companies that outsource production and turn warehouse and distribution functions over to wholesalers may reduce operating expenses, but they are also making it easier for cargo thieves to invade thei
Transport, Trade and Regulation News
Gates Unveils Export Control Plan
R.G. Edmonson |
The Obama Administration will consolidate licensing, control lists and data systems to bring a “Byzantine” export control system into a single office, Defense Secretary Robert Gates said T
Transport, Trade and Regulation News
Forwarding
Europe Flying Again, Moving Cargo Backlog
Bruce Barnard |
Europe's airline industry lurched back to life Wednesday as carriers put planes back into the air after being grounded for nearly a week by a volcanic ash plume from Iceland.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
China Box Traffic Hits All Time High
Bruce Barnard |
Container traffic at Chinese ports reached an all time high in the first quarter of the year, driven by a strong rebound in the nation's foreign trade.
Maritime
Forwarding
Heartland Express Profit Drops 15.9 Percent
JOC Staff |
Truckload carrier Heartland Express is detecting the first stirrings of a long-anticipated economic recovery.
Trucking News
S&P Boosts Outlook for CSX
John D. Boyd |
Standard & Poor's Ratings Services said it has revised its outlook on eastern-U.S.
Rail News
North-American rail
Amtrak Trains Test Biodiesel
John D. Boyd |
When Amtrak’s “Heartland Flyer” passenger train runs through cattle country in the next year from Oklahoma City to Fort Worth, Texas, it will be testing a 20 percent biodiesel blend
Rail News
North-American rail
Halifax Container Throughput Climbs 41.4 Percent
Peter T. Leach |
Container throughput at the Port of Halifax increased by 41.4 percent to 99,450 TEUs from the same quarter last year.
Maritime
Forwarding
747-8F Testing Moves to Southern California
Thomas L. Gallagher |
Boeing flew its second 747-8 Freighter to Palmdale, Calif., on Monday to expand flight tests for the advanced aircraft.
Air Cargo
Hapag-Lloyd, Evergreen Line Hike India Rates
JOC Staff |
Hapag-Lloyd will implement a general rate increase for cargo moving on its services from the Indian Subcontinent and Southeast Asia to New Zealand.
Maritime
Container lines
Forwarding
Amtrak Seeks Revolutionary Transport Bill
John D. Boyd |
Amtrak is calling for Congress and the Obama administration to shape a new multiyear surface transportation bill that is “revolutionary, not evolutionary” in funding the growth of an inter
Rail News
Air Charter Demand Expands Dramatically
Janet Nodar |
Demand for air charters on key routes to and from the Middle East, North America and worldwide has exploded since the shutdown of much of Europe’s air space following last week’s volcanic
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Charleston Volume Soars 24 Percent
Peter T. Leach |
The Port of Charleston’s container traffic increased by 24.4 percent in March compared to a year earlier, for the third month in a row of year-over-year volume increases.
Maritime
Forwarding
FMC Warns of Email Scam
R.G. Edmonson |
The Federal Maritime Commission issued a warning on Monday of an email scam involving a bogus lottery solicitation.
Transport, Trade and Regulation News
Customs Establishes ACE Business Office
R.G. Edmonson |
Customs and Border Protection is setting up the ACE Business Office to work out the needs of the Automated Commercial Environment.
Transport, Trade and Regulation News
Europe’s Top Three Cargo Airports Open
Bruce Barnard |
Europe’s three largest cargo airports – Frankfurt, Paris Charles de Gaulle and Amsterdam Schiphol – reopened Tuesday after a five-day shutdown.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
FedEx Resumes Europe Express Flights
JOC Staff |
FedEx resumed flight operations at its European hub in Paris as the carrier and other express airlines began to work on clearing out the shipping backlog left by the shutdown of airspace under a cloud
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
CMA CGM Takes Delivery of New Ship
Peter T. Leach |
CMA CGM took delivery Tuesday of the CMA CGM Figaro, a new containership with a nominal capacity of 8,500 20-foot equivalent units, built by Samsung Heavy Industries at its shipyard in South Korea.
Maritime
Container lines
Forwarding
Hamburg Sud Posts 2009 Loss
Peter T. Leach |
Hamburg Sud said Tuesday that its 2009 revenue dropped 28 percent from the previous year to $4.3 billion as the volume of containers it carried fell 13 percent to 2.3 million 20-foot equivalent units.
Maritime
Container lines
Forwarding
Clean-Trucks Court Case Begins in California
Bill Mongelluzzo |
The U.S.
Maritime
Trucking labor
Panalpina Shifts Cargolux Freighter to Spain
JOC Staff |
Cargolux and forwarder Panalpina shifted the European leg of the “Dixie Jet” chartered trans-Atlantic freighter to Spain this week because of the volcanic ash cloud that has closed a large
Air Cargo
Air Cargo Carriers News
S&P Ups Outlook for Union Pacific
John D. Boyd |
Credit evaluator Standard & Poor's Ratings Services revised its outlook for Union Pacific Railroad to “positive” from “stable,” given the recovery under way in freight busi
Rail News
North-American rail
Diesel Climbs for Third Week
Thomas L. Gallagher |
The average price of diesel rose half a cent last week to $3.074 per gallon, according to the U.S. Energy Information Administration.
Trucking News
GE Customers Use More Locomotives
John D. Boyd |
North American rail freight customers of locomotive builder GE Transportation are reducing the number of train power units they have stored as freight activity grows, GE officials said.
Rail News
North-American rail
ABF, Teamsters Agree to 15 Percent Wage Cut
William B. Cassidy |
Workers at ABF Freight System will give up 15 percent of their wages but retain full pension benefits under a tentative concession plan approved today by local Teamster leaders.
Trucking News
LTL
Trucking labor
EU to Allow Some Flights Tuesday
Thomas L. Gallagher |
European officials on Monday created three air zones to allow some flights in and out of the continent isolated since Thursday by volcanic ash in the air.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Trade Groups Back Army Corps Plan
R.G. Edmonson |
More than 140 inland waterways operators, shippers and trade groups are backing a bold proposal that would more than double the Army Corps of Engineers’ spending on construction and rehabilitati
Maritime
Heavy Truck Orders Jump 28 Percent
William B. Cassidy |
Heavy truck orders rose 28 percent year-over-year in March to 11,285 units, following stronger than anticipated sales in February, ACT Research reported today.
Trucking News
American Fast Freight Promotes Sharon Pagan to Director
JOC Staff |
Fife, WA - April 15, 2010 -- American Fast Freight, Inc. (AFF) announces the promotion of Sharon Pagan to Director, Sales - Eastern/Midwest Region.
Freightliner Parent, UAW Reach Agreement
William B. Cassidy |
Daimler Trucks North America and the United Auto Workers reached agreement on contracts covering employees at three U.S. plants.
Trucking News
Drewry Warns Against Rosy Container Forecasts
Peter T. Leach |
While the latest container trade data suggests container shipping may have entered a real recovery phase, Drewry Shipping Consultants cautions that comparisons with the depth of the recession in 2009
Maritime
Forwarding
CSAV Adds China-East Coast Service
Joseph Bonney |
Chilean carrier CSAV has launched a weekly North China-U.S. East Coast service that will operate via the Panama Canal.
Maritime
Container lines
Forwarding
Leading Indicators Increase Sharply
Joseph Bonney |
Recovering financial and labor markets caused the Conference Board’s Leading Economic Index, a gauge of future U.S.
Transport, Trade and Regulation News
British Airways Seeks Volcano Compensation
Bruce Barnard |
British Airways said it is seeking financial compensation from the European Union and the UK government for the closure of European airspace following the eruption of the Icelandic volcano Eyjafjallaj
Air Cargo
Air Cargo Forwarder News
UPS Reroutes Some Air Cargo
Thomas L. Gallagher |
United Parcel Service is meeting the air traffic ban in Europe by rerouting as much cargo as it can. Flights from Asia are stopping in Istanbul, Turkey, where freight will be transferred to trucks.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
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