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Platts Containers Update
Frozen Food Express Loses Less in 4Q
John Gallagher |
Refrigerated trucking company Frozen Food Express Industries lost $201,000 in the fourth quarter of 2008 compared with a loss of $3.5 million in the same period in 2007, an improvement helped in part
Trucking News
Concor Slashes Freight Charges
Staff |
Container Corp.
Rail News
Port of Seattle Exports Dive
Staff |
Loaded container traffic at the Port of Seattle plunged 17.1 percent in January on a dramatic decline in exports form the Pacific Northwest port.
Maritime
Greek Parliament OKs Cosco Piraeus Deal
Bruce Barnard |
London – Greek lawmakers approved a controversial agreement giving China’s Cosco Pacific a 30 year concession to operate container terminals in Piraeus, the country’s top box hub.
Maritime
Forwarding
European Air Cargo Tumbles
Bruce Barnard |
London -- Air France-KLM, Europe’s biggest airline, on March 6 reported cargo volume in February crashed 18.5 percent from a year ago led by steep declines on its key Asia/Pacific and Americas r
Air Cargo
Matson Adds Xiamen
Bill Mongelluzzo |
Matson Navigation Co. is adding the port of Xiamen to its China-Long Beach express service. Matson's service from Ningbo and Shanghai will remain unchanged.
Maritime
U.S. Air Cargo Collapses in January
Staff |
Cargo traffic for U.S. airlines fell at the steepest rate since September 2001 in January, falling 21.3 percent as the carriers saw their worst month for cargo in nearly seven years.
Air Cargo
Rail Traffic Plunges
Thomas L. Gallagher |
U.S. Rail freight traffic plumbed new depths in the week ending Feb. 28.
Rail News
North-American rail
Downturn in Shipments Hits Record
Thomas L. Gallagher |
The recession dragged shipments and new orders for manufactured goods down for a record sixth consecutive month in January, according to a report from the U.S. Census Bureau.
Transport, Trade and Regulation News
Averitt Expands Truckload Service
John Gallagher |
Averitt Express, which specializes in less-than-truckload service, is expanding its truckload coverage in response to increased demand in Iowa, Kansas, Missouri and New Jersey.
Trucking News
LTL
Senate Panel OKs Rail Antitrust Act
John D. Boyd |
The Senate Judiciary Committee approved a bill March 5 to repeal limited antitrust exemptions for U.S.
Transport, Trade and Regulation News
Rail News
Report: Suppliers Neglect Climate Change
Alan Field |
Suppliers of major global companies need to increase their awareness of the regulatory, physical and general risks that climate change poses to their business, according to the 2008 CDP Supply Chain R
Transport, Trade and Regulation News
Grassley to Obama: Clarify NAFTA Goals
Alan Field |
Senator Charles Grassley, R.-Iowa, said March 5 that he has written a letter to President Barack Obama in an effort to clarify the president's intentions regarding the North American Free Trade Agreem
Transport, Trade and Regulation News
American Railcar Industries Net Slips
John D. Boyd |
American Railcar Industries saw fourth-quarter revenue rise 25 percent to $203 million from a year earlier, as production was boosted by an Alabama factory expansion, but net income fell 3.7 percent t
Rail News
Hapag-Lloyd Names CFO
Bruce Barnard |
London -- Hapag-Lloyd on March 5 named Peter Ganz as chief financial officer two weeks before the world’s fifth largest ocean carrier is due to be sold by its German parent TUI.
Maritime
Container lines
CPSC to Hold Public Meeting on Phthalates
R.G. Edmonson |
The Consumer Product Safety Commission will hold a public meeting March 12 to discuss how the agency will administer and enforce the section of the Consumer Product Safety Improvement Act that applies
Transport, Trade and Regulation News
Australia, Korea to Negotiate Free-Trade
Alan Field |
Australia and South Korea will begin formal negotiations for a bilateral free-trade agreement in May, Australia's Prime Minister Kevin Rudd told the press March 5.
Transport, Trade and Regulation News
Fraport Sees Lower Cargo Volumes
Bruce Barnard |
London – Fraport AG, the owner of Frankfurt airport, forecast earnings and revenues will fall in 2009 as the global recession cuts traffic at Europe’s biggest air cargo hub.
Air Cargo
FMC to Meet March 11
R.G. Edmonson |
The Federal Maritime Administration has one of the shortest agendas in recent months for its next regular meeting.
Transport, Trade and Regulation News
Smit Internationale Earnings Soar
Bruce Barnard |
London – Smit Internationale, the world’s biggest marine services provider, broke its own net earnings record in 2008 as a strong second half performance by its heavy lift shipping unit ou
Maritime
Estes Expands Mexico Service
Thomas L. Gallagher |
North American LTL carrier Estes Express Lines expanded its Mexico service with the launch of a third-party logistics subsidiary, Estes Logística.
Trucking News
LTL
Truck brokers
GE, Greenbrier May Alter Car Orders
John D. Boyd |
The sinking freight market may push manufacturer Greenbrier to pare back a big long-term supply contract with one of its key lease-fleet customers, General Electric Railcar Services.
Rail News
Maersk Boosts 2008 Profits
Bruce Barnard |
LONDON -- Maersk Line, the world’s biggest ocean container carrier, booked a modest increase in profits in 2008 as cost cuts, improved operating performance and higher freight rates in the first
Maritime
Container lines
Maersk to Hike More Rates
Staff |
Maersk Line announced plans to implement a rate increase for cargo moving on its services from Europe, the Middle East and Asia to Oceania, as part of a rate restoration program.
Maritime
Ports America in Lease at Port of Oakland
Bill Mongelluzzo |
The Port of Oakland awarded a 50-year concession and lease agreement to Ports America Outer Harbor to upgrade and operate five container berths in the port's outer harbor area.
Maritime
Forwarding
CMA CGM (America) Appoints Denise Steele Account Executive, South Atlantic Region
Staff |
CMA CGM (America) selected Denise Steele as an Account Executive for the South Atlantic region. Steele worked for APL for six years previously.
Maritime
Clean Trucks Hearing Held
Bill Mongelluzzo |
The U.S. Court of Appeals for the 9th Circuit heard arguments March 4 from the American Trucking Associations, the U.S.
Maritime
UTU Asks Obama to Name STB Chair
John D. Boyd |
The United Transportation Union is asking President Obama to elevate Francis P. Mulvey to be chairman of the Surface Transportation Board that regulates railroads, Washington sources said.
Rail News
Transport, Trade and Regulation News
Clean Truck Challenge Headed for the Top
Bill Mongelluzzo |
The U.S.
Maritime
Trucking News
Transport, Trade and Regulation News
NYNJ Port Requires Sealink for TWIC
R.G. Edmonson |
The Port Authority of New York and New Jersey is adding a level of security to the Transportation Worker Identification Credential.
Transport, Trade and Regulation News
Maritime
Obama Taps Fla. Official for FEMA
John D. Boyd |
President Obama has chosen Craig Fugate, director of Florida’s emergency response agency, to head the Federal Emergency Management Agency, the White House said.
Transport, Trade and Regulation News
NOL Box Volume Plummets
Thomas L. Gallagher |
For the six week period ending Feb. 6, NOL’s container shipping volume dropped 35 percent due to a drastic decline in demand.
Maritime
Container lines
Trans Global Names North China Freight Chief
Staff |
Trans Global Logistics named Bill Ip director of freight and logistics, China North region.
Logistics Technology News
Maritime
Air Cargo
Lone Star Overnight Blankets Texas
John Gallagher |
Austin, Texas-based express carrier Lone Star Overnight now has overnight parcel delivery to every ZIP code in Texas.
Trucking News
Global Ship Lease Loses $44M
Bruce Barnard |
LONDON — Global Ship Lease, the London-based container ship charter owner established by French carrier CMA CGM, reported a fourth quarter net loss of $43.7 million March 4 after a $50.7 million
Maritime
Container lines
Taiwan's trade surplus with China declines
Alan Field |
Buffeted by weak demand from Taiwanese-owned factories in mainland China, Taiwan suffered a 7.9 percent decline in its trade surplus with China in 2008.
Japanese Firm to Invest in Korea
Alan Field |
Japanese private equity fund Vana World will invest approximately $1.9 billion in a free trade zone under development in South Korea's western port city of Incheon, the company said Wednesday.
WTO Head Optimistic on Doha Round
Alan Field |
World Trade Organization director-general Pascal Lamy said Wednesday in Canberra, Australia that trade ministers could meet by summer to complete a Doha Round final agreement, once the administration
Recession Puts Freeze On Lakes Season
Thomas L. Gallagher |
Less iron ore production due to the recession is likely to delay the start of the 2009-10 shipping season on the Great Lakes.
Maritime
Forwarding
Intermarine Takes Delivery of Industrial Egret
Staff |
The Industrial Egret, the second in a series of four new ships to enter the Intermarine fleet in the next twelve months, was delivered last month to Intermarine in Portugal.
Maritime
Forwarding
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