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Platts Containers Update
NY&NJ Exports Fall 22.3 Percent through April
JOC Staff |
Exports out of the Port of New York and New Jersey fell more than 20 percent for the fifth straight month in April, pushing overall container traffic at the East Coast’s largest port down 17.8 p
Maritime
Forwarding
Maersk Considers More Layoffs at Shipyard
Bruce Barnard |
A.P. Moller-Maersk is considering an additional 175 layoffs at its iconic Danish shipyard because of a lack of orders.
Maritime
Container lines
Diesel Jumps 7.4 Cents to $2.572
Thomas L. Gallagher |
Diesel prices rose for the sixth straight week, ending with an average jump of 7.4 cents to $2.572 per gallon nationwide on June 15, according to the U.S. Energy Information Administration.
Trucking News
Long Beach Container Traffic Falls 22.6 Percent
JOC Staff |
Loaded container traffic at the Port of Long Beach fell 22.6 percent in May, but the port showed signs of improvement in its busiest month so far in 2009.
Maritime
Forwarding
Europe Airlines’ Freight Plunges 22.9 Percent
JOC Staff |
Freight traffic for European airlines fell in April at its sharpest rate yet, a 22.9 percent drop that signaled the downturn for air carriers is getting deeper.
Air Cargo
Air Cargo Carriers News
Cape Town Dredges First of Four Berths
Marcy Behrmann Frank |
The $521 million expansion at the Cape Town container terminal is progressing well, with the first of four berths to be deepened expected to come on stream in July, Transnet Port Terminals reported on
Maritime
N.Y. Manufacturing Slows, Outlook Improves
Thomas L. Gallagher |
Manufacturers across the state of New York are still struggling but the outlook for the next six months is improving, according to a closely watched monthly survey.
Transport, Trade and Regulation News
Reduce Congestion, Win $50,000
JOC Staff |
The next time a brilliant idea about how to reduce traffic congestion flashes across your mind, write it down. It could win you $50,000.
Transport, Trade and Regulation News
Con-way Caps LTL Rates
John Gallagher |
Con-way Freight will soon begin offering “truckload-style” pricing for large less-than-truckload shipments by capping rates in an effort to funnel more business into its higher-cost LTL fr
Trucking News
LTL
Seaboard Marine Sails to Colombia
Thomas L. Gallagher |
Seaboard Marine said it will launch a weekly fixed day sailing from Brooklyn, N.Y. to and from Colombia. Calls in Colombia include the ports at Cartagena, Barranquilla and Santa Marta.
Maritime
Philadelphia, Panama to Build Traffic
Peter T. Leach |
The Philadelphia Regional Port Authority and the Panama Canal Authority signed a memorandum of understanding on Friday that is aimed at increasing all-water container traffic from Asia to Philadelphia
Maritime
EU Extends Anti-Piracy Operation
Bruce Barnard |
European Union foreign ministers agreed June 15 to extend an anti-piracy operation off the coast of Somalia until the end of 2010.
Maritime
Hanjin to Launch Direct Vietnam-U.S. Service
Peter T. Leach |
Hanjin Shipping became the third major container line in a month to announce it is launching a direct service between Vietnam and the United States.
Maritime
Forwarding
TNT Adds Four to Europe Network
JOC Staff |
TNT Express extended its European road service into four former Eastern bloc countries, the company announced Monday, taking a big step toward integrating the entire continent in its expedited network
Air Cargo
JoC Advertising Director, P. Robert Potesky, Dead at 82
Peter T. Leach |
The long-time advertising director of The Journal of Commerce, P. Robert Potesky, died June 11 after a brief illness at Benedictine Hospital in Kingston, N.Y.
Paris Air Show Opens with Stiff Upper Lip
Thomas L. Gallagher |
The Paris Air Show opened Monday with subdued optimism.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Ward Still Standing
John D. Boyd |
Just one year AGO, Michael J. Ward was in the fight of his career as chairman, president and CEO of CSX Corp., parent of one of the four largest U.S. railroads.
Rail News
North-American rail
Loading Up Shippers
John Gallagher |
Shipper support is building for heavier trucks on U.S. highways.
Trucking News
Rate Wars and Networks
John Gallagher |
If surviving the recession is the first priority of trucking companies, the second might be making sure their network operations survive another round of negotiations with customers.
Trucking News
The Forest, Not the Trees
Sung-Chull Junn |
There is one thing President Obama has consistently made known since his campaign days — his feelings about the U.S.-Korea Free Trade Agreement, a still-unratified accord he called ``badly flawed’’ wi
Transport, Trade and Regulation News
New Path for Transport Policy
William B. Cassidy |
A bipartisan think tank is calling for sweeping reform of U.S. transportation planning, infrastructure funding and federal oversight — and a highway bill, too.
Transport, Trade and Regulation News
Nipping Green Shoots in the Bud
Peter Leach |
A warning to shippers, carriers and manufacturers seeing rays of light in commodity prices and the Baltic Dry Index: Beware the false dawn.
Transport, Trade and Regulation News
Playing ‘Chicken’ on the River
Janet Nodar |
An unnerving game of “chicken” played out on the lower Mississippi River recently.
Maritime
Transport, Trade and Regulation News
Forwarding
No Braking Breakbulk
Joseph Bonney |
If breakbulk carriers want to feel depressed, they have reasons: Cargo volume is slowing, rates are down and hard times are spurring competition from container ships and other vessels.
Maritime
Forwarding
Ship Orders Sinking
Peter Leach |
Saddled with contracts to build more ships than they need for the foreseeable future, shipping lines and charter ship owners are trying to cancel orders or at least delay delivery of new ships for as
Maritime
Container lines
Forwarding
Hurricane Supplement Fills the Breach
Janet Nodar |
The Calcasieu Ship Channel, which serves the Port of Lake Charles, is only recently back to its project depth of 40 feet after several years of falling short.
Maritime
Labor gives Ferro Pick Thumbs Down
William B. Cassidy |
It took less than 24 hours for Anne S. Ferro’s nomination as the nation’s top truck safety official to become embroiled in the dispute over truck driver hours of service.
Trucking News
Transport, Trade and Regulation News
UTi Contains the Damage
Alan Field |
There may be some glimmers of hope on the global economic horizon, but they are too early to affect the bottom line of UTi Worldwide, a major provider of global logistics services.
Transport, Trade and Regulation News
Shoaling Up, Digging Deeper
Janet Nodar |
Of the roughly $1.7 billion in stimulus funds allocated to navigation needs including maintenance and construction, more than $356 million is heading to the U.S.
Maritime
Forwarding
Rail Splitting Over Regulation
John D. Boyd |
When Theo Zwygers went to the podium at a major rail industry conference in Chicago last month, the soft-spoken plastics industry executive hardly looked like a firebrand rising up against the nation’
Rail News
Wharf, rail projects under way at Beaumont
Janet Nodar |
While many ports in the Gulf region are focused on waterside projects, the Port of Beaumont, Texas, this summer will begin a long-awaited project to reconfigure the port’s railyard, moving it from the
Maritime
Forwarding
Supply Chain Car Wreck
Alan Field |
Fasten your seat belts, the bankruptcies of GM and Chrysler are about to disrupt every aspect of an already-battered North American automotive supply chain.
Transport, Trade and Regulation News
USSM Founder Vulovic Dies
JOC Staff |
Radoje “Rod” Vulovic, 67, a founder and chief operating officer of U.S. Ship Management, died Friday in Charlotte, N.C., after a prolonged illness, his business partners announced.
Maritime
Container lines
Port Nehru Seeks Help for Congestion
JOC Staff |
A severe terminal congestion at India’s Port of Jawaharlal Nehru prompted port management to seek immediate intervention with Container Corp.
Maritime
Container lines
Forwarding
LA/LB Scramble to Improve Reputation
Bill Mongelluzzo |
The ports of Los Angeles and Long Beach are working overtime to change their reputation among cargo interests as being the nation’s high-cost, business-adverse gateway for trade with Asia.
Maritime
North American ports
Long Beach Denies Dispute With Canada
Courtney Tower |
The sound today at the Port of Long Beach, and among angry Canadian ports, is the sound of wind rushing out of the sails of a dispute over alleged port subsidies.
Maritime
YRC Won't Seek Bailout
Thomas L. Gallagher |
YRC Worldwide did not apply for relief under the Troubled Asset Relief Program, the Associated Press reported June 12.
Trucking News
LTL
Jet Fuel Price Jumps 10 Percent
JOC Staff |
Jet fuel prices in New York soared an average of 17.2 cents, or more than 10 percent, the first week of June to the highest levels so far in 2009, according to the U.S.
Air Cargo
EU Approves German-Polish Rail Merger
Bruce Barnard |
European Union competition regulators on June 12 cleared the planned acquisition by Deutsche Bahn, the German state railway, of Poland's biggest privately-owned rail freight company.
Rail News
EU Probes Acquisition of Short Sea Carrier
Bruce Barnard |
London -- European Union anti-trust regulators on June 12 opened an in-depth investigation of plans by DSV, Scandinavia's biggest trucker, and Danish shipping line Vesterhavet, to take joint control o
Maritime
Trucking News
Container lines
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