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Breakbulk Quarterly Intelligence
Platts Containers Update
Profit, Revenue Drop at Heartland Express
JOC Staff |
Overcapacity and depressed truckload rates put a dent in revenue and profit at Heartland Express during the third quarter, but the company continued an extensive overhaul of its tractor fleet as it po
Trucking News
Diesel Jumps 10.5 Cents to $2.705 per Gallon
Thomas L. Gallagher |
The retail price of diesel jumped an average of 10.5 cents to $2.705 per gallon last week, in the largest increase since a 14.6-cent surge in the week ending June 8, according to the U.S.
Trucking News
Four Carriers to Cut Trans-Atlantic Capacity
Peter T. Leach |
Maersk Line and the three carriers that belong to the New World Alliance, APL, Hyundai Merchant Marine and MOL, on Tuesday said they will cut the capacity and services they share on the trans-Atlantic
Maritime
Container lines
Israel Corp. Gets Backing for Zim Rescue
Bruce Barnard |
Israeli ocean carrier Zim Integrated Shipping Services said it is close to getting final approval for a financial restructuring.
Maritime
Container lines
Japan Ship Orders Sank 75.5 Percent in September
Hisane Masaki |
Japanese export ship orders sank for the 12th consecutive month in September on a year-over-year basis, tumbling 75.5 percent to 543,500 gross tons, according to figures released by the Japan Ship Exp
Maritime
UTC Overseas Opens Australian Office
Peter T. Leach |
Forwarder UTC Overseas opened a new office in Tullamarine (Melbourne), Australia.
Maritime
OOCL Revenue Drops 42.3 percent
Peter T. Leach |
OOCL’s third-quarter revenue fell 42.3 percent to $948.9 million as its container volume dropped by 16.7 percent from the same quarter last year, the Hong Kong-based carrier said Tuesday.
Maritime
Container lines
Port of Long Beach, ATA Settle Harbor Truck Suit
Bill Mongelluzzo |
The Port of Long Beach and the American Trucking Associations settled a trucking industry lawsuit against the concession requirement in the port’s clean-truck program, the port announced Monday,
Maritime
Trucking News
Trucking labor
Court Protects Electronic Funds Transfers
R.G. Edmonson |
In a major reversal of their colleagues, a three-judge panel of the U.S.
Maritime
DOT Approves Loan for Miami Port Tunnel
John D. Boyd |
U.S.
Maritime
CN’s Chicago Traffic Delays Increase
John D. Boyd |
Canadian National Railway said its trains blocked roadway crossings eight times during September when trains stopped for 10 minutes or more along the suburban Chicago rail line it recently acquired.
Rail News
North-American rail
Kuehne + Nagel to Partner with Hilti
Thomas L. Gallagher |
Kuehne + Nagel will plan, implement and manage the future logistics locations in Europe for global construction technology provider Hilti.
Transport, Trade and Regulation News
New York's Bloomberg Backs Employee Mandate for Port Drivers
Bill Mongelluzzo |
The mayors of New York and Newark, N.J., surprised the trucking industry – as well as the bi-state port authority – by announcing on Sunday their support for a clean-trucks program that wo
Maritime
Forwarding
LA-LB Port Volumes Contract in September
Thomas L. Gallagher |
Container volume declined at the Port of Long Beach and the Port of Los Angeles in September, but the contraction was only slightly worse than historical seasonal variations, said analyst J.P.
Maritime
Vietnam to Launch First Cargo Airline
Air Cargo World |
Aviation authorities in Vietnam granted Trai Thien Air Cargo a license to provide air cargo services in the country, according to Vietnamese press reports this week.
Air Cargo
Air Cargo Carriers News
Pirates Take Chinese Bulk Carrier
Thomas L. Gallagher |
Pirates on Oct.
Maritime
FedEx Expands French Hub
Thomas L. Gallagher |
Marking its 10th anniversary, the FedEx Express hub at Roissy-Charles de Gaulle airport in Paris opened its expanded facilities last week.
Air Cargo
Air Cargo Forwarder News
CMA CGM Aims to Delay 49 Ship Deliveries
Peter T. Leach |
CMA CGM wants to delay the delivery of 49 ships it has ordered and is scheduled to receive within the next three years, its CEO Rodolphe Saade said Monday.
Maritime
Container lines
Evergreen to Order 100 Ships, Founder Says
Peter T. Leach |
Evergreen Line, which is one of the few container lines that has refrained from ordering new ships in recent years, plans to order 100 container ships in 2010 to expand its fleet to nearly 300, the co
Maritime
Container lines
Dockworkers Suspend Strike at Port of Piraeus
Bruce Barnard |
Dock workers at Greece´s biggest container gateway, the Port of Piraeus, suspended their two and half week strike after the government said it will re-negotiate a deal with China`s Cosco Pacific
Maritime
This Week
JOC Staff |
J.B. Hunt Eyes New Intermodal Deal
Advantage: Carriers — for Now
Bill Mongelluzzo |
Pat Moffett, vice president of global logistics at Audiovox, has been through this routine before.
Maritime
Container lines
No Let-Up for Railcars’ Vanishing Act
John D. Boyd |
One of the last areas of the freight sector to recover from severe recession may be the rail equipment market. With an estimated 500,000 railcars or more parked across the U.S.
Rail News
Saving on Sustainability
Joseph Bonney |
Wal-Mart’s plan for a global sustainability index is good public relations for a company often criticized for hard-nosed tactics.
Size, Scale, Innovation. Always
Joseph Bonney |
When logistics industry analyst Steve Banker prepares a report on strategy and trends in supply chains for consumer goods or beverages, he knows where to start.
International ports
Truck Sales Rising
JOC Staff |
Heavy truck sales in North America increased for the fourth straight month in September, reaching 10,817 units, largely driven by new emissions standards, according to FTR Associates.
Trucking News
Corpus Christi Revives Terminal Project
Peter T. Leach |
The Port of Corpus Christi’s long-delayed plan to build a container terminal on a 1,100-acre tract of land called the La Quinta Trade Gateway is being resuscitated as part of a multi-phase, mixed-use
Port News
Container lines
Forwarding
All for One . . . and One for All
Peter T. Leach |
When APM Terminals opened its highly automated $500 million container terminal in Portsmouth, Va., in the fall of 2007, it presented a direct competitive threat to the three state-owned and operated c
Port News
Daimler Steers for Recovery
William B. Cassidy |
The world’s largest truck manufacturer is guardedly optimistic that sales in North America and Europe have hit bottom and will improve this year as the economy picks up and demand for trucking service
Trucking News
When the Best Advice May Be No Advice
Bill Mongelluzzo |
Congress wants more government regulatory agencies to be involved in the importing process, a move that could place a special burden on customs brokers.
Transport, Trade and Regulation News
US Shippers Look North and South
Joseph Bonney |
Hallmark Cards once used the Los Angeles and Long Beach ports for virtually all its imports into the United States.
Maritime
Rail News
Forwarding
South America’s Great Cleanup
Leticia Lozano |
In the fight against climate change, South American seaports do not come quickly to mind as the worst polluters.
The Productivity Principle
Bill Mongelluzzo |
The economic recession has changed the rules of the game for ports and terminal operators.
Maritime
STB to Hear Arguments
John D. Boyd |
Federal regulators have a message for freight shippers or others who want to put a big complaint on rail issues before the Surface Transportation Board: Those commissioners will now want to hear the a
Transport, Trade and Regulation News
3P Deals’ Labor of Love
R.G. Edmonson |
The United States is not likely to see large-scale privatization of transportation infrastructure like the deals states struck with private-sector investors just three or four years ago, but anyone wh
Transport, Trade and Regulation News
Taxing Debate: Business May Push Gas Tax
John D. Boyd |
The top Republican on the Senate’s Transportation and Infrastructure subcommittee predicts truckers, manufacturers and other key industry groups will push for a higher federal fuel tax, with annual in
Transport, Trade and Regulation News
Destination Bentonville
Joseph Bonney |
On a recent Wednesday afternoon at Chicago’s O’Hare International Airport, the departures board showed a single flight to Beijing — right above five listings for Bentonville, Ark.
International ports
Call to Refocus Highway Funding
R.G. Edmonson |
As debate rages on Capitol Hill over how to raise $500 billion or more to bring surface transportation infrastructure up to par, Mary E.
Transport, Trade and Regulation News
OOCL Hikes Intra-Asia Rates
Thomas L. Gallagher |
Orient Overseas Container Line is launching two rounds of rate increases for intra-Asia cargo. The first applies to dry cargo from Hong Kong, Macau and South China bound for Japan starting Oct. 26.
Maritime
Container lines
Chicago Teamsters Reject YRC Cuts
JOC Staff |
For the second time, YRC Worldwide employees in Teamsters Local 710 in Chicago rejected wage and benefit cuts proposed by the company and union, a dissident labor group reports.
Trucking News
LTL
Trucking labor
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