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BNSF trims after strong Q4
The JOURNAL of COMMERCE ONLINE |
BNSF Railway enjoyed a 19-percent jump in fourth-quarter profit to $615 million, but amid a sharp dr
Transport, Trade and Regulation News
Brazil, Chile, Israel airlines fixed cargo prices-DOJ
The JOURNAL of COMMERCE ONLINE |
Chile's LAN Cargo S.A., Aerolinhas Brasileiras and EL AL Israel Airlines agreed to plead guilty to c
Air Cargo
U.S. Rail Traffic Plummets
Thomas L. Gallagher |
After a year long slide, rail volume just got a lot lower in the second week of 2009. The recession
Rail News
Idle fleet to 675K TEUs
Bruce Barnard / The JOURNAL of COMMERCE ONLINE |
Idled ocean container capacity has reached 675,000 TEUs with 255 ships at anchor as the global econo
Maritime
Carriers Idle 255 Ships
Bruce Barnard |
Idled ocean container capacity has reached 675,000 TEUs with 255 ships at anchor as the global econo
Maritime
BNSF Trims after Strong 4Q
John D. Boyd |
BNSF Railway enjoyed a 19 percent jump in fourth-quarter profit to $615 million, but amid a sharp dr
Rail News
Celadon Revenue Drops
John Gallagher |
Celadon Group posted a 13.7 percent drop in revenues in its fiscal second quarter ending Dec. 31 com
Trucking News
Japan surplus tumbles
Hisane Masaki / The JOURNAL of COMMERCE ONLINE |
TOKYO -- Japan’s trade surplus with the rest of the world posted its biggest decline on record in 20
Transport, Trade and Regulation News
ProLogis Leases in Slovakia
William Hoffman |
The march of West European shippers into Eastern Europe grew with the announcement that Tesco Intern
Transport, Trade and Regulation News
UP Gains, Braces for Future
John D. Boyd |
Union Pacific Railroad saw business volume shrivel by 12 percent in the fourth quarter, but its prof
Rail News
Senate Panel OKs LaHood
Ari Natter |
Former Rep. Raymond LaHood, President Barack Obama's Republican pick for Transportation Secretary sa
Transport, Trade and Regulation News
Italy dockworkers strike
The JOURNAL of COMMERCE ONLINE |
Italian dockworkers will stage a 24-hour nationwide strike as of midnight to protest the death of a
Maritime
CEO Resigns at UPG
Thomas L. Gallagher |
Randy Hardin on Jan. 21 resigned from his positions as chief executive officer, president and direct
Transport, Trade and Regulation News
EC Unveils Inclusive Maritime Policy
Bill DiBenedetto |
The European Commission's 10-year policy plan for maritime shipping released today places strong emp
Transport, Trade and Regulation News
White House Order May Delay 10+2 Rule
R. G. Edmonson |
WASHINGTON -- A White House order to federal agencies to halt work on pending regulations may affect
Transport, Trade and Regulation News
American Lost $340M
Thomas L. Gallagher |
AMR, parent of American Airlines, lost $340 million in the fourth quarter as it paid more for fuel a
Air Cargo
Bank Predicts Fewer Aircraft
Thomas L. Gallagher |
DVB Bank of Germany predicts a large number of scheduled aircraft deliveries in 2009 will evaporate
Air Cargo
Transportation Committee Sets Agenda
Ari Natter |
Infrastructure investment, transportation safety and security, and global climate change will be amo
Transport, Trade and Regulation News
China-Euro Rail Launch Delayed
Bruce Barnard |
Deutsche Bahn postponed the launch of container rail service between Germany and China designed to c
Rail News
Coface puts China, Russia on negative watch list
JOC Staff |
Coface, a subsidiary of Natixis Global Asset Management, downgraded the financial ratings of 22 coun
Transport, Trade and Regulation News
Matson to Cut 10 Percent of Staff
Peter T. Leach |
Matson Navigation Co. will reduce the size of its workforce by 10 percent as part of a wide-ranging
Maritime
CSX profit drops
The JOURNAL of COMMERCE ONLINE |
While freight volume was falling rapidly in the fourth quarter, CSX Transportation was able to post
Transport, Trade and Regulation News
SCI opens India-Red Sea
The JOURNAL of COMMERCE ONLINE |
State-owned Shipping Corp. of India announced plans to introduce a direct liner service linking Indi
Maritime
Trade boosts optimism of small business: UPS survey
The JOURNAL of COMMERCE ONLINE |
A large majority of small-business owners remain optimistic about their company’s financial future d
Transport, Trade and Regulation News
Piracy hits Japan ships
The JOURNAL of COMMERCE ONLINE |
While it prepares to join maritime security patrols off the coast of Somalia, Japan reported 12 case
Maritime
Obama Halts Pending Rules
Ari Natter |
The Department of Transportation, and all other federal agencies, must halt any pending regulations
Transport, Trade and Regulation News
South Carolina Ports Chief Resigns
JOC Staff |
Bernard S. Groseclose Jr., president and chief executive of the South Carolina State Ports Authority
Maritime
IAS acquires drayage venture
The JOURNAL of COMMERCE ONLINE |
International Asset Systems announced that it has acquired full interest in IAS-Trinium, a joint ven
Transport, Trade and Regulation News
United Loses $1.3B
Thomas L. Gallagher |
United Airlines parent UAL lost $1.3 billion in the fourth quarter as its fuel hedge program crashed
Air Cargo
Senate Confirms Napolitano to DHS
Ari Natter |
Arizona Gov. Janet Napolitano was confirmed as Homeland Security Secretary Tuesday, one of six of me
Transport, Trade and Regulation News
Buffett Firm Buys More BNSF
Thomas L. Gallagher |
Berkshire Hathaway, the investment firm controlled by Warren Buffett, spent approximately $271 milli
Rail News
CSX Profit Drops
John D. Boyd |
While freight volume was falling rapidly in the fourth quarter, CSX Transportation was able to score
Rail News
IAS Acquires Drayage Venture
JOC Staff |
International Asset Systems announced that it has acquired full interest in IAS-Trinium, a joint ven
Trucking News
LA-Long Beach to collect clean-trucks fee Feb. 18
Bill Mongelluzzo / The JOURNAL of COMMERCE ONLINE |
LONG BEACH, Calif. -- The ports of Long Beach and Los Angeles on Feb. 18 will begin collecting a $35
Transport, Trade and Regulation News
White House order may delay 10+2 import rule
R.G. Edmonson / The JOURNAL of COMMERCE ONLINE |
WASHINGTON -- A White House order to federal agencies to halt work on pending regulations may affect
Transport, Trade and Regulation News
EC plans shipping policy
Bill DiBenedetto / The JOURNAL of COMMERCE ONLINE |
The European Commission’s 10-year year policy plan for maritime shipping released today places stron
Maritime
China Shipping Warns Profit to Fall
JOC Staff |
China Shipping Container Lines warned today that its full-year earnings for 2008 are likely to fall
Maritime
Boxes weaker at Portland
The JOURNAL of COMMERCE ONLINE |
The Port of Portland’s December container volume fell by nearly 15 percent to 18,207 TEUs, one of th
Maritime
EU wants to include shipping in Kyoto successor
The JOURNAL of COMMERCE ONLINE |
Ocean shipping and aviation should be included in a planned successor to the Kyoto environmental agr
Maritime
CSAV Norasia suspends Asia-Europe service
The JOURNAL of COMMERCE ONLINE |
Hong Kong-based CSAV Norasia is suspending its ANE service, its only direct weekly service between A
Maritime
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