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Breakbulk Quarterly Intelligence
Platts Containers Update
Bremerhaven Boxes to Drop 20 Percent
Bruce Barnard |
BLG, the Bremen/Bremerhaven port company, said container traffic will close the year around 20 percent below the 2008 figure, and auto shipments will slump by 40 percent.
Maritime
Forwarding
Trucking Bankruptcies, Pricing Edge Up
JOC Staff |
Trucking bankruptcies are beginning to climb again, putting upward pressure on rates just as shippers prepare contracts for bidding in the first quarter of 2010.
Trucking News
LTL
Investors Buy 5 Percent of TNT
Bruce Barnard |
U.S. and Canadian activist investors acquired more than five percent of TNT, reigniting speculation of a break-up or takeover of Europe's second largest parcel delivery and mail group.
Air Cargo
Air Cargo Forwarder News
Schneider Launches Northeast Regional Service
JOC Staff |
Schneider National is expanding its regional truckload service into the Northeast, propelled by customer demand in a fourth quarter that is proving stronger than forecast.
Trucking News
W.W. Grainger Buys 1 Million-Square-Foot DC
JOC Staff |
Industrial parts manufacturing giant W.W.
Transport, Trade and Regulation News
IBM Inks IT Contract with Moller-Maersk
Peter T. Leach |
A.P. Moller-Maersk signed a new five-year contract with IBM for the provision of IT hosting and support services.
Maritime
Container lines
Port Nehru to Build Export Processing Zone
JOC Staff |
India’s Port of Jawaharlal Nehru plans to set up a port-based export processing zone, a first-of-its-kind project in the country, the port trust said Tuesday.
Maritime
Forwarding
Air France KLM Cargo Traffic Shrinks
Bruce Barnard |
Air France-KLM, Europe's biggest air cargo carrier, said volume shrunk 14.7 percent in November from a year ago but yields and capacity utilization improve for the second month in a row.
Air Cargo
First Ship Lease Pulls $200 Million Note Offering
Bruce Barnard |
First Ship Lease Trust pulled a planned $200 million note offering Dec. 7, citing the fallout from Dubai World's financial problems.
Maritime
Forwarding
Obama Taps Matsuda as Marad Chief
John D. Boyd |
President Obama will promote David T. Matsuda to head the Maritime Administration from administrator, where he has filled the top position on an acting basis since July.
Transport, Trade and Regulation News
Maritime
Air Cargo
FedEx Sees International, Ground Demand Growing
Thomas L. Gallagher |
FedEx scaled up its earnings projections sharply on Monday, saying it is seeing a steady increase in international express shipping demand and new strength in its domestic ground parcel service.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
LTL
Diesel Price Slips for Fifth Week
Thomas L. Gallagher |
A decline of 3.3 cents in the average retail price of diesel over a five-week period sputtered a little lower in the week ending Dec. 7.
Trucking News
UPS Freight Expanding in Canada
JOC Staff |
UPS Freight is ramping up operations in Canada, hiring a former YRC Reimer executive to lead its sales efforts.
Trucking News
LTL
BNSF-Berkshire Deal Clears Antitrust Hurdle
John D. Boyd |
The $26 billion buyout of BNSF Railway by Warren Buffett’s Berkshire Hathaway investment firm cleared a key antitrust review process.
Rail News
North-American rail
NMB Considers Change to Rail, Air Labor Rule
John D. Boyd |
A Dec. 7 hearing by the National Mediation Board could help clear the way for that agency to make union election rules at railroads and airlines more labor friendly.
Transport, Trade and Regulation News
TNT Shifts Focus from Mail to Parcels, Freight
Bruce Barnard |
TNT said it will focus on its express parcel and freight operations over the next five years to offset shrinking mail volume.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
DHL Launches India-Dubai Service
JOC Staff |
DHL launched direct less-than-container-load services connecting India’s largest container port of Nhava Sheva (Jawaharlal Nehru) to Dubai.
Maritime
Forwarding
Ex-Im Bank Aids Locomotive Sale in Canada
John D. Boyd |
The U.S. Export-Import Bank is backing a sale of seven locomotives by Electro-Motive Diesel to Iron Ore Company of Canada, with a $10 million loan guarantee for commercial bank financing.
Rail News
DHS Seizes $260 Million in Fake Goods in 2009
R.G. Edmonson |
Agents of Customs and Border Protection and Immigration and Customs Enforcement seized $260.7 million in bogus goods in fiscal 2009, the agencies announced Friday.
Transport, Trade and Regulation News
Strickland Tapped to Head NHTSA
John D. Boyd |
President Obama nominated Senate staff counsel David L. Strickland to be administrator at the National Highway Traffic Safety Administration, Department of Transportation.
Transport, Trade and Regulation News
Bahrain Inaugurates Box Port
Peter T. Leach |
Bahrain officially inaugurated its new Khalifa Bin Salman Port on Sunday in ceremonies attended by King Hamad bin Isa Al Khalifa.
Maritime
Forwarding
DOT Stimulus Spending Hits $6.5 billion
John D. Boyd |
The Department of Transportation has paid out $6.515 billion in reimbursements to states for project spending under the stimulus law for roads, bridges, airports and transit needs.
Transport, Trade and Regulation News
Frankfurt-Hahn Sees Largest Cargo Month Ever
Thomas L. Gallagher |
Cargo moving through Frankfurt-Hahn Airport surged in November to an all-time record for the 15-year-old facility 120 kilometers to the west of Frankfurt International.
Air Cargo
Con-way Truckload Doubles Regional Capacity
William B. Cassidy |
While other truckload carriers are still laying up capacity to adjust to lower demand during the recession, Con-way Truckload will shift capacity to double the number of trucks dedicated to short-haul
Trucking News
Four-Year Delay Seen for New Detroit Bridge
Courtney Tower |
Canada last week achieved a critical milestone toward building the $3 billion Detroit River International Crossing.
Transport, Trade and Regulation News
Trucking News
Rental Rates Spiral Downward
David Biederman |
Commercial real estate provider ProLogis may not have signed many blockbuster deals for distribution centers in Europe for the fourth quarter, but the company says an array of new agreements add up to
Transport, Trade and Regulation News
Warehouse Walls Closing In
David Biederman |
The best news for the industrial real estate industry at the end of a tough year was that the dismal third quarter wasn’t as bad as the grim first and second quarters.
Transport, Trade and Regulation News
Stacktrains Cross Donner Pass
John D. Boyd |
While the economy’s collapse cut intermodal volumes and some rail lines focused on long-term corridor construction, Union Pacific Railroad went tunneling in the Sierra Nevada mountains.
Rail News
Life After Bankruptcy
William B. Cassidy |
Bankruptcy may be the end of the road for many trucking companies, but it’s becoming a route out of the recession for a few.
Trucking News
Transport, Trade and Regulation News
Carriers to the Bank
JOC Staff |
Deepening financial troubles may be triggering deep changes at CMA CGM and Zim Integrated Shipping Services.
Forwarding
Maritime
Container lines
Consumerism Made in China
Alan M. Field |
For years, China’s critics have hoped the country would slow down its export juggernaut, let its currency appreciate and stimulate domestic consumption so China’s imports would incre
A Strike at Canada’s Recovery
John D. Boyd |
When Teamsters locomotive engineers launched a strike against Canadian National Railway on Nov.
Rail News
‘Greening’ Takes Flight
R.G. Edmonson |
A single KLM Royal Dutch Airlines flight took off and landed in Amsterdam after only an hour in the air last month, but some hope it carried the airline industry into a new environmental world.
Transport, Trade and Regulation News
Air Cargo Carriers News
Air Cargo
Clearing the Air
R.G. Edmonson |
Someday the “sovereign” states of shipping and aviation will join nations of the world in adopting an overall scheme to reduce greenhouse gases in the atmosphere.
Transport, Trade and Regulation News
Air Cargo
Forwarding
Who’s No. 1?
Joseph Bonney |
Any news of a carrier’s higher volume has a man-bites-dog quality these days.
Maritime
Forwarding
Currency in the Balance
Peter T. Leach |
Geoffrey Giovanetti keeps close tabs on the tippling tastes of American oenophiles. And as managing director of the Wine and Spirit Shippers Association, his business has been good this year.
Maritime
Forwarding
Flagging Demand Cutting Carrier Services
Joseph Bonney |
International maritime shippers don’t miss the congestion that accompanied the surge in import volume earlier this decade, but they’re struggling to adjust supply chains to changes and cut
Forwarding
Maritime
From Life Support to Recovery
Joseph Bonney |
Is the worst over? It’s starting to look that way for container shipping volume, if not for carriers.
Forwarding
Maritime
This Week
JOC Staff |
Dubai Debts Threaten Planned UK Terminal
Maersk Raises $704 Million in Bond Issues
Bruce Barnard |
A.P. Moller-Maersk raised approximately $704 million in two separate bond issues, just weeks after it first tapped the corporate bond market.
Maritime
Container lines
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