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Barges break through in Europe
Bruce Barnard |
Barges are emerging as Europe’s inland transport of choice as shippers, container lines and ports seek alternatives to congested highways and underperforming railways.
Cost controls keep carriers in the black and rates stable
William B. Cassidy |
The country’s Class I railroads remain profitable, but they’re starting to feel the economy’s sharp edge.
Rail News
Carriers are balancing pricing discipline with their need for volume
JOC Staff |
Shippers are expecting expedited pricing to take a sharp turn downward this year, and parcel carriers are working hard to prove them wrong.
Air Cargo
U.S. Truckers Seek International Partners, Freight
John Gallagher |
Trucking companies trying to manage through the worst freight economy in memory are using investments in international supply chains to build stronger links with their biggest customers.
Trucking News
Capacity markets provide trucking haven as shipper volumes languish
John Gallagher |
Companies that own trucks and those that don’t are finding the surest route to profit in the downturn may be through the third-party brokerage market.
Trucking News
Reddy Ice Names Sr. VP-Distribution
JOC Staff |
Reddy Ice Holdings, the largest manufacturer and distributor of packaged ice in the United States, appointed William A.
U.S. Shipping Partners Files Chapter 11
Marcy Frank |
Long-haul marine-transport company U.S.
Maritime
Trade Rep. Touts Intellectual Property
Alan Field |
A dozen countries that trade with the United States need to upgrade protection of intellectual property, according U.S. Trade Representative Ron Kirk.
Transport, Trade and Regulation News
May Day Rally Canceled
Bill Mongelluzzo |
A May Day work stoppage planned by International Longshore and Warehouse Union Local 10 in the San Francisco Bay area did not materialize as longshoremen apparently heeded an arbitrator's ruling that
Maritime
Houston to Receive $98.3M in Stimulus
Janet Nodar |
The Port of Houston will receive $98.3 million from the American Recovery and Reinvestment Act, funds which will allow the port to address several years’ worth of underfunded infrastructure proj
Maritime
Global Ship Lease to Amend Credit Terms
Bruce Barnard |
London - Global Ship Lease, a leading containership charter owner, said it is talking with its bankers about amending terms of an $800 million credit facility.
Maritime
Container lines
Forwarding
Grimaldi Group Ro-Ro Service Begins at Port of Boston
JoC Sailings |
The Massachusetts Port Authority (Massport) on April 30 announced the beginning of direct export service at Boston Autoport.
Maritime
Forwarding
KCS Monitors Flu, Shipments Go On
John D. Boyd |
Kansas City Southern, the only North American Railroad with large-scale operations in both the United States and Mexico, says the swine flu outbreak had not been affecting rail operations up to May 1.
Rail News
North-American rail
Short Line Traffic Hits Low for Year
John D. Boyd |
A flailing freight market took a weekly gauge of short line traffic to its lowest level of the year, but some cargoes still managed to hit their highest totals of this spring.
Rail News
Corps of Engineers to Spend $4.6B on Stimulus Projects
R.G. Edmonson |
The Houston Ship Channel will receive more than $98 million of the $4.6 billion in federal economic stimulus money that Congress gave the Army Corps of Engineers, the agency announced this week.
Maritime
A.P. Moller-Maersk in Talks to Sell Norfolkline
Peter T. Leach |
Looking to focus more on cargo business in the downturn, A.P.
Maritime
Container lines
Maersk Hikes Asia-Latin America Rates
Peter T. Leach |
Maersk Line, expanding its bid to raise prices, posted a series of rate increases today on its service from Asia to Latin America that will take effect on June 1.
Maritime
Container lines
Heathrow Cargo Falls 14.6 Percent
JOC Staff |
Cargo traffic at London Heathrow Airport, Europe’s third-largest freight airport, fell 14.6 percent in the first quarter compared to last year despite a slight improvement in business in March.<
Air Cargo
Manufacturing Index Jumps in April
Thomas L. Gallagher |
A closely-watched manufacturing index jumped 3.8 percentage points in April, its highest level in eight months and a new sign the steep decline in the American economy is easing.
Transport, Trade and Regulation News
Factory Shipment Decline Hits Longest Streak in March
Thomas L. Gallagher |
Orders, shipments and inventories of manufactured goods all declined in March, lengthening the downturn to the longest stretch of consecutive monthly decreases since the U.S.
Transport, Trade and Regulation News
Mexico Begins Swine Flu Shutdown
JOC Staff |
Mexico today began a five-day shutdown of all nonessential government services and business as the country tries to halt the spread of the swine flu virus.
Transport, Trade and Regulation News
Covenant Transport Loses Less in 1Q
John Gallagher |
Covenant Transport lost $5.5 million in the first quarter, approximately $2.3 million less than the same period a year ago, due to weak freight demand.
Trucking News
Asia-Australia Lines Hike Surcharges
JOC Staff |
Carriers in the Asia-Australia Discussion Agreement announced plans to raise their bunker surcharges for cargo moving from China and Hong Kong to Australia.
Maritime
Container lines
APM Terminals Joins Congo Terminal Group
Peter T. Leach |
APM Terminals said Friday it will participate in the consortium led by Bolloré Africa Logistics that has a contract to develop a new deepwater container terminal at the Port of Pointe-Noire in
Maritime
Container lines
Panama Canal to Cut Some Tolls in June
Peter T. Leach |
In a concession to financially pressed shipping lines, the Panama Canal Authority will cut back some tolls and fees while giving carriers greater flexibility in reserving movements through the canal.
Maritime
Forwarding
MSC Inks Six-Year Baltimore Contract Extension
Peter T. Leach |
Mediterranean Shipping Co.
Maritime
Container lines
WTO Head Urges Resumption of Doha Talks
Alan Field |
The General Council of the World Trade Organization voted unanimously on Thursday to reappoint Pascal Lamy, the WTO's director-general, for a second four-year term beginning this September 1.
Transport, Trade and Regulation News
CMA CGM (America) Names Three Executives
JOC Staff |
CMA CGM (America) named Mj Dornford as vice president, marketing.
Maritime
GAC Shipping strengthens China marketing team
JOC Staff |
GAC Shipping appointed Clarence Chan as its senior marketing manager, shipping services, for greater China, effective immediately.
Transport, Trade and Regulation News
Recovery a Year Off: JOC Poll
Marcy Frank |
A majority of the attendees at The Journal of Commerce's 9th annual Trans-Pacific Maritime Conference don't foresee an economic recovery for at least another year, according to live poll questions ask
Transport, Trade and Regulation News
Container lines
Forwarding
Truckload Carrier P.A.M. Loses $3.3 Million
John Gallagher |
Truckload operator P.A.M.
Trucking News
American Commercial Lines Loses $5.5 M
Marcy Frank |
American Commercial Lines, one of the country’s largest barge operators, posted a net loss of $5.5 million for the first quarter as the company sold fewer barges and the demand for river transpo
Maritime
Lufthansa Loses $58 Million
JOC Staff |
Lufthansa lost $58.2 million in a first quarter that saw overall revenue dive more than 10 percent from last year and cargo traffic fall 21.3 percent, the German airline announced Thursday.
Air Cargo
Air Cargo Carriers News
Crowley Met All TWIC Deadlines
Thomas L. Gallagher |
Crowley Maritime met all of the rolling federal deadlines up to April 15 for terminal and port workers and more than 1,000 merchant seamen who obtained the Transportation Workers Identification Creden
Maritime
Cummins Profit Tumbles
John Gallagher |
Profit at heavy-duty truck engine maker Cummins fell 96 percent to $7 million in the first quarter on sales of $2.4 billion, down 30 percent from the same period in 2008, as lower demand for equipment
Trucking News
Customs Seeks to Verify 10+2 Timeliness
R.G. Edmonson |
Customs and Border Protection is looking at alternative ways of calculating the timeliness of security information that importers are obligated to file before their cargo is loaded aboard ship.
Transport, Trade and Regulation News
Forwarding
Mexico to Shut Down Business to Fight Swine Flu
JOC Staff |
The Mexican government will shut down private business, including factories and transportation operations, for five days starting Friday as the country tries to halt the spread of the swine flu virus.
Transport, Trade and Regulation News
Trucking News
Rail News
Air Cargo
Railroads Show Traffic Improvements
John D. Boyd |
For one week, at least, freight traffic at major U.S. railroads was clearly better, across a range of categories.
Rail News
North-American rail
KCS Loses $7.5M in First Quarter
John D. Boyd |
Kansas City Southern, parent of the smallest U.S. Class 1 railroad and a Mexico rail unit that once supplied nearly half its revenue, lost $7.5 million in the first quarter.
Rail News
North-American rail
Höegh Names Heavy-Lift Specialist as VP Sales
Peter T. Leach |
Höegh Autoliners, the U.S.
Maritime
Forwarding
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