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Saddle Creek Promotes Business Development Manager
JOC Staff |
Lakeland, Fla., Dec. 15, 2009 – Saddle Creek Corporation, a third-party logistics company, recently promoted Kimberly Devore to the position of manager of business development.
Texas Short Line Begins FRA-Funded Project
John D. Boyd |
An Iowa Pacific Holdings short line railroad in Texas launched a major upgrade over 70 miles of track, using a recent loan from the Federal Railroad Administration.
Rail News
YRC Debt-Equity Swap Faces Deadline
William B. Cassidy |
For the second time in a week, YRC Worldwide faces a midnight deadline for a critical part of its plan to avoid bankruptcy.
Trucking News
LTL
GE Cuts Railcar Order in Half
Thomas L. Gallagher |
The Greenbrier Companies agreed with General Electric Railcar Services to modify GER's railcar manufacturing contract by reducing the order from 11,900 to 6,000 railcars.
Rail News
DP World Says India Project on Schedule
JOC Staff |
Dubai World's financial problems will have no immediate adverse impact on India's first international container transshipment terminal under development at the southeastern Port of Cochin, subsidiary
Maritime
Ports Earn Environmental Justice Award
Bill Mongelluzzo |
The federal Environmental Protection Agency chose the ports of Los Angeles and Long Beach to be the recipients of its Environmental Justice Achievement Award for their clean truck plan.
Maritime
Transportation Study Urges Climate Adaptation
Thomas L. Gallagher |
Strengthening the transportation system’s resilience may reduce long-term costs from climate change, according to a study by transportation specialists Cambridge Systematics.
Transport, Trade and Regulation News
Menlo Worldwide Adds Client in Mexico City
Thomas L. Gallagher |
Menlo Worldwide Logistics, the global logistics subsidiary of Con-way, launched a warehouse and inventory management system for a customer of freight forwarder Crane Worldwide Logistics.
Transport, Trade and Regulation News
India Creates Maritime Security Committee
JOC Staff |
The Government of India set up a high-profile committee on maritime security to enhance surveillance of the country’s vast coastline.
Transport, Trade and Regulation News
Volvo Group Truck Sales Drop 37 Percent
JOC Staff |
Worldwide sales of Volvo Group trucks declined 37 percent year-over-year in in November and were down 7 percent from October, the company said.
Trucking News
Industrial Production Climbs Fifth Straight Month
Thomas L. Gallagher |
Industrial production increased 0.8 percent in November, the fifth consecutive month without a negative change, according to a report Tuesday from the Federal Reserve.
Transport, Trade and Regulation News
World’s Airlines to Lose $5.6 Billion in 2010
Bruce Barnard |
The world's airlines will lose $5.6 billion in 2010, nearly 50 percent higher than a forecast of $3.8 billion in September, because of rising fuel prices, the International Air Transport Association s
Air Cargo
House Votes to Extend Trade Programs
R.G. Edmonson |
The House on Monday voted to extend two widely-supported trade programs, but for only one year.
Transport, Trade and Regulation News
Forwarding
China Cosco Warns of Full-Year Loss
Peter T. Leach |
China Cosco Holdings, China’s largest shipping company, warned Monday that it will post a full-year loss.
Maritime
Container lines
Forwarding
Port Group Sends Congress Ideas for Jobs Bill
John D. Boyd |
The head of the American Association of Port Authorities urged leaders of the Senate and House of Representatives to help boost industry jobs by bolstering some ongoing federal programs and tackling a
Transport, Trade and Regulation News
Pacer Replaces Uremovich as Chairman
John D. Boyd |
Freight services provider Pacer International said Tuesday Chairman and CEO Michael E. Uremovich is leaving the company immediately and will be replaced by Daniel W.
Rail News
North-American rail
Hapag-Lloyd Loses $986 Million in Nine Months
Bruce Barnard |
Hapag-Lloyd swung to an operating loss of $986 million in the first nine months of 2009 from a year-earlier profit of $320 million as Germany's biggest ocean container carrier booked double digit decl
Maritime
Container lines
Japanese Ship Orders Sink for 14th Month
Hisane Masaki |
Japanese export ship orders sank for the 14th consecutive month in November on a year-on-year basis, tumbling 23.5 percent to 404,190 gross tons, according to figures released by the Japan Ship Export
Maritime
USPS Narrows Branch Consolidation List
JOC Staff |
The U.S. Postal Service cut to 170 the number of stations and branches it is reviewing for possible shutdown as it seeks to cut costs by consolidating offices.
Transport, Trade and Regulation News
EPA Joins Fight Against Dangerous Fish
John D. Boyd |
The Environmental Protection Agency is sending $13 million to the Army Corps of Engineers to help prevent the voracious Asian carp from entering the Great Lakes at Chicago through the barge canal syst
Transport, Trade and Regulation News
Diesel Decline Deepens in Sixth Consecutive Week
Thomas L. Gallagher |
The decline in diesel prices took a sharper turn in the week ending Dec. 14, the sixth consecutive week of falling prices. According to the U.S.
Trucking News
MOL Hikes Reefer Rates
Thomas L. Gallagher |
MOL in January will increase ocean freight rates in two phases for all refrigerated cargo exported from the United States and Canada to Asia, the Middle East, Australia and New Zealand.
Maritime
Container lines
Forwarding
Roadrunner Buys Bullet Freight Systems
JOC Staff |
Roadrunner Transportation Services is connecting its Midwest markets with the West Coast by acquiring Bullet Freight Systems and its logistics unit, Caliber Logistics.
Trucking News
LTL
Truck brokers
Analyst Sees LTL Truck Rates Deteriorating
JOC Staff |
Already low less-than-truckload rates are falling further as truckers become “incrementally more aggressive," Longbow Research says.
Trucking News
LTL
Port of LA Cuts Terminal Rents
Bill Mongelluzzo |
Marine terminal and shipping industry executives applauded the latest relief program that will save Port of Los Angeles tenants about $25.7 million in the coming year.
Maritime
Forwarding
TUI Rebuffs Fredriksen Board Bid
Bruce Barnard |
Hapag-Lloyd co-owner TUI on Monday rejected the latest bid by its biggest shareholder John Fredriksen, the Norwegian shipping tycoon, for a seat on the TUI supervisory board.
Maritime
Container lines
Forwarding
Asia-Europe Container Rates Rise
Bruce Barnard |
The year long decline in Asia-Europe container traffic is slowing and freight rates are rising, according to the latest figures from ocean carriers.
Maritime
Forwarding
Ocean Carriers Appeal California Low-Sulfur Rule
Bill Mongelluzzo |
The U.S.
Maritime
Fitch Forecasts Modest 2010 Growth
Thomas L. Gallagher |
Fitch Ratings expects modest volume improvements in 2010 for the U.S.
Transport, Trade and Regulation News
Trucking News
Rail News
Lufthansa Cargo Workers Protest Night Flight Ban
JOC Staff |
Lufthansa employees brought the airline’s operations at its Frankfurt Airport hub to a stop Monday as the Lufthansa Cargo Corporate Works Council staged a special meeting to oppose the airport&r
Air Cargo
Air Cargo Carriers News
BA Faces Strike Threat
JOC Staff |
British Airways cabin crewmembers plan to launch a strike against the airline next week in a dispute over wages and job cutbacks.
Air Cargo
Lufthansa to Appeal Night Flight Ruling
Bruce Barnard |
Lufthansa is launching fresh legal action against night flight restrictions at Frankfurt airport which it claims threatens the existence of its freight business.
Air Cargo
Air Cargo Carriers News
Seaway Ending ‘Tough Year’
Courtney Tower |
The St. Lawrence Seaway had one of its toughest seasons in 50 years, but its Administrator for the United States says "the worst is over."
Maritime
Aqaba to Extend Container Terminal Berth
Peter T. Leach |
Jordan’s Aqaba Container Terminal on Monday unveiled plans for a $235 million terminal expansion project centered on the 1,509-foot extension of its berth, which will increase annual container t
Maritime
U.S., Japan Reach Open Skies Pact
JOC Staff |
The United States and Japan have a new tentative agreement on an “open skies” aviation treaty that would give UPS new freedoms to add air service in competition with FedEx.
Transport, Trade and Regulation News
DOT Stimulus Spending Reaches $6.8 billion
John D. Boyd |
Federal payouts for construction projects authorized by the Department of Transportation under the stimulus law reached $6.818 billion by Dec. 4, DOT reported.
Transport, Trade and Regulation News
Trucking News
Air Cargo
EEOC Charges YRC With Race Discrimination
JOC Staff |
YRC Worldwide faces a fresh challenge from the federal government, which filed a third lawsuit claiming the company's nationwide less-than-truckload carrier, YRC, discriminated against black employees
Trucking News
Transport, Trade and Regulation News
LTL
Trucking labor
Gulf Ports Pin Hopes on Exports
Janet Nodar |
It’s been a rough year for ports along the U.S. Gulf Coast. Forest products and steel, key cargoes for most of the region’s traditionally breakbulk ports, were in free fall.
Maritime
Expanding Regional Capacity
William B. Cassidy |
While other truckload carriers are laying up trucks to wring extra capacity out of their networks, Con-way Truckload is shifting capacity to its potentially more profitable short-haul service.
Trucking News
YRC on the Edge
William B. Cassidy |
YRC Worldwide is edging closer to bankruptcy as it struggles to save a debt-equity swap with bondholders and stabilize its finances.
Trucking News
LTL
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