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Breakbulk Quarterly Intelligence
Platts Containers Update
Driving in the Dark
Peter Leach and John Boyd |
Truckload executives say volumes are firming and rates stabilizing. Less-than-truckload and rail executives say demand is weak. And shippers expect volumes to decline further.
Maritime
Rail News
Lesson No. 1: Be Prepared
Peter T. Leach |
For shipping lines plying the perilous seas off the Somali Coast, risk management begins long before vessels enter the Indian Ocean or the Gulf of Aden.
Maritime
Paying for Piracy
Janet Nodar |
For ship owners negotiating the release of a hijacked ship, its crew and cargo, the actual ransom is just the beginning of what likely will be a much more expensive, drawn-out and complicated journey.
Maritime
Special Piracy Report: By The Numbers
JOC Staff |
Most Dangerous Waters
Container lines
Panama Canal Invests $320M in Upgrades
Thomas L. Gallagher |
Amid its more publicly anticipated expansion project, the Panama Canal Authority is also modernizing and upgrading the existing waterway to streamline operations and increase capacity.
Maritime
NYK Opens Reverse Logistics Warehouse
Peter T. Leach |
NYK Logistics Americas said today it has opened its newest reverse Logistics facility in Spartanburg, S.C. to handle returns of merchandise from retail customers in the area.
Transport, Trade and Regulation News
Charleston Gets Another MSC Loop
Peter T. Leach |
The Port of Charleston will get another weekly call by Mediterranean Shipping Co.
Maritime
Container lines
Online Counter-Piracy Resources
JOC Staff |
International Organizations and Government Resources
Maritime
Short Line Volume Edges Higher
John D. Boyd |
When the 343 short line railroads that report to RMI’s RailConnect Index said their total loads rose by 2,031 units in the latest week, they may have punched through a low-hanging cloud.
Rail News
Congress Sees Dueling Rail Bills
John D. Boyd |
Talks between at least two Senate staffs, representing different committees with separate legislation in the works to alter the freight railroads’ relationships with shippers and communities, co
Rail News
Intelligrated Buys FKI Logistex Group
Thomas L. Gallagher |
Material handling technology specialist Intelligrated acquired rival FKI Logistex Group for $40 million.
Transport, Trade and Regulation News
Retail Sales, Jobs Decline Around the World
Thomas L. Gallagher |
Retail sales fell and unemployment increased in Japan in April. In Europe, the pace of the declining economy grew even faster in May.
Transport, Trade and Regulation News
YRC Pension Fund Demands Payment
John Gallagher |
The Western Conference of Teamsters Pension Trust, one of approximately 20 separate multi-employer pension plans to which YRC contributes, has referred its 10 YRC accounts to its attorneys for collect
Trucking News
LTL
Congress, White House Respond to Piracy
JOC Staff |
As pirates stalk, Washington talks.
Maritime
Obama Names Infrastructure Exec for DOT Job
John D. Boyd |
President Obama picked an infrastructure coalition leader with top Senate staff experience and a work history that includes major port areas to become the Department of Transportation’s assistan
Transport, Trade and Regulation News
Lufthansa Cargo Shifts Asian Hub
Thomas L. Gallagher |
Lufthansa Cargo will shift its technical stopover point for Asian flights.
Air Cargo
Air Cargo Carriers News
German Ship Owners to Rescue CSAV
Bruce Barnard |
A group of German charter container ship-owners agreed to a $710 million rescue for CSAV, the financially troubled Chilean ocean carrier.
Maritime
Container lines
Forwarding
Mainfreight Profit Grows 2 Percent
JOC Staff |
New Zealand-based forwarder Mainfreight expanded its net profit 2 percent in the year ending March 31 to $25.5 million despite a weak performance from its recently acquired U.S. operation.
Air Cargo
U.S., Africa Lower Trade Expectations
Alan Field |
The United States and the five member states of the Southern African Customs Union (SACU) have decided to negotiate a bilateral investment and trade cooperation agreement instead of the more comprehen
Transport, Trade and Regulation News
Economic Decline Revised Upward
Thomas L. Gallagher |
Real gross domestic product decreased at an annual rate of 5.7 percent in the first quarter, according to preliminary estimates released Friday by the Bureau of Economic Analysis.
Transport, Trade and Regulation News
"K" Line Establishes Agency in Brazil
Thomas L. Gallagher |
Kawasaki Kisen Kaisha ("K" Line) established its own shipping agency, "K" Line Roro & Bulk Agencia Maritima Ltda., in Brazil for car carrier and bulk shipping.
Maritime
Forwarding
Canadian Truckers Wary of Border Disruptions
John Gallagher |
With stricter border documentation requirements set to start June 1, Canadian truckers are “on edge” about how the new rules will be applied to drivers delivering exports into the United S
Trucking News
Montreal Boxes Drop Sharply in April
Courtney Tower |
The Port of Montreal on Thursday reported itself "relatively optimistic about the future," although a 22.5 percent drop in April container traffic reduced performance that has proved compara
Maritime
FRA Grants $15M for Flood Relief
Thomas L. Gallagher |
The Federal Railroad Administration awarded $15 million to nine states for emergency repairs to damaged railroad infrastructure resulting from natural disasters.
Transport, Trade and Regulation News
NAFTA Trade Dives for Sixth Straight Month
Thomas L. Gallagher |
Trade among North American Free Trade Agreement partners using surface transportation fell for the sixth consecutive month in March.
Transport, Trade and Regulation News
Liquid Bulk Carrier Opens Ohio Terminal
John Gallagher |
Liquid bulk carrier DisTech opened a terminal near Cincinnati as part of a plan to relocate into bigger facilities to take advantage of transportation options.
Trucking News
FTR: Worst of Recession May be Over
John Gallagher |
FTR Associates is forecasting the economy will stabilize in the third quarter, followed by a moderate recovery in 2010 with GDP growth estimated to rise 2.7 percent, data the firm says suggests the wo
Trucking News
LTL
Trucking labor
North-American rail
Descartes Revenue Rises
Alan Field |
Revenue rose 7 percent for Descartes Systems Group to $17.4 million during the first quarter of fiscal 2010, ending April 30.
Transport, Trade and Regulation News
U.S. Ready to Work with China on Trade
Alan Field |
U.S. Secretary of Commerce Gary Locke said Wednesday that the U.S. government will help American companies sell their products to China in order to reduce America's trade deficit with the country.
Transport, Trade and Regulation News
BBC Chartering, Clipper Projects End Joint Venture
Bruce Barnard |
Germany's BBC Chartering and Danish carrier Clipper Projects have called time on their five year Far East project cargo joint venture.
Maritime
Forwarding
Baltic Ports Could Compete with Russia
Joseph Bonney |
Ports in the Baltic nations of Latvia, Lithuania and Estonia are overcoming their reputation as a cargo bottleneck and could compete with St.
Maritime
Rail Traffic Drags Bottom
Thomas L. Gallagher |
If this is the bottom, U.S. railroads are dragging along it with only a small hint at climbing out of the hole.
Rail News
North-American rail
Truckers Support Bill Limiting Tolls
John Gallagher |
The American Trucking Associations will support legislation limiting tolls on federal highways while the Obama administration is keeping tolling on the table as a way to pay for maintaining and upgrad
Trucking News
LTL
Truck brokers
Port of Miami Tunnel Gets New Backer
Marcy Behrmann Frank |
A new equity partner has apparently saved the Port of Miami tunnel project just in time for a June 1 deadline.
Maritime
Box Downturn Hurts Virginia Ports
Peter T. Leach |
The downturn in global trade is hitting the Virginia Port Authority hard.
Maritime
Zim Loss Widens to $119 Million
Bruce Barnard |
Zim Integrated Shipping reported first quarter net losses widened to $119 million from $29 million a year ago on weaker freight rates and a slump in cargo volumes.
Maritime
Container lines
Japan Slams U.S. for Unfair Trade
Hisane Masaki |
The Japanese government released an annual report on what it deems unfair practices by trading partners, including the controversial "Buy American" clause and 35 other policies and measures
Transport, Trade and Regulation News
Shipments Fall for Record Ninth Month
Thomas L. Gallagher |
Shipments of manufactured durable goods declined for the ninth consecutive month in April, decreasing $0.3 billion or 0.2 percent to $174.2 billion, the U.S. Census Bureau announced Thursday.
Transport, Trade and Regulation News
U.S., Canada Pledge Better Cross-Border Cooperation
JOC Staff |
A pilot program that fosters cooperation between the U.S. Coast Guard and Royal Canadian Mounted Police is now permanent.
Kenco Promotes Two Sr. VPs
JOC Staff |
Third party logistics provider Kenco Logistic Services announced the executive promotions of Andy Park to senior vice president, operations and Dean Arnold to senior vice president, public operations.
Transport, Trade and Regulation News
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