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Knight-Swift profits in ‘less robust’ US trucking market
William B. Cassidy, Senior Editor | Apr 24, 2019, 5:33 PM EDT
The nation’s largest truckload operator is keeping a firm grip on costs and lowering its expectations for the second quarter as US motor carriers prepare for a potentially bumpy road ahead.
Truckload
LA-LB container dwells edge toward normalcy
Bill Mongelluzzo, Senior Editor | Apr 24, 2019, 5:22 PM EDT
As volumes front-loaded by retailers and manufacturers ahead of planned tariff increases during the winter months have subsided, so too has the congestion that gripped the largest US port complex.
North American ports
Buffalo inland port to provide NY-NJ relief valve
Hugh R. Morley, Senior Editor | Apr 24, 2019, 4:53 PM EDT
Two inland ports tied to the Port of New York and New Jersey by rail could help get trucks off the road but, if completed, they won’t alleviate storage pressure expected to rise as the port grows its discretionary rail volume to the Midwest.
North American ports
Rail News
NS bullish on intermodal despite truck pressures
Ari Ashe, Senior Editor | Apr 24, 2019, 4:42 PM EDT
Norfolk Southern saw big gains in international containers in the first quarter, but the railroad rejects the idea of domestic intermodal weakness in 2019 and is confident that rail pricing won’t be challenged by a much looser truck market.
North-American rail
Carrier hesitation hampers IMO-fueled scrubber rush
Greg Knowler, Senior Editor Europe | Apr 24, 2019, 3:41 PM EDT
Container carriers are caught in a classic “prisoner’s dilemma.” If they all install scrubbers, none of them reap the benefits of cheap, plentiful high-sulfur fuel that would come from widespread adoption of low-sulfur fuel.
Container lines
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Wallenius, SOL form forest products JV
Keith Wallis, Special Correspondent | Apr 24, 2019, 1:39 PM EDT
A new joint venture between Wallenius Lines and Swedish Orient Lines (SOL) has ordered LNG-fueled newbuildings intended to serve paper product and breakbulk shippers.
Breakbulk News
Road lobby: EU emissions cuts may backfire
Greg Knowler, Senior Editor Europe | Apr 24, 2019, 10:28 AM EDT
Tough new truck emissions reduction rules by European regulators have brought mixed reactions from freight transportation providers.
Trucking News
Indian intermodal giant Concor freezes rates
India Special Correspondent | Apr 23, 2019, 5:33 PM EDT
India’s largest freight rail operator will maintain its current pricing through March 31, 2020, as part of a greater effort to encourage containerized rail movements throughout the country.
Logistics Technology News
International rail
Increase in US truck registrations eases capacity
William B. Cassidy, Senior Editor | Apr 23, 2019, 4:54 PM EDT
An influx of new Class 8 tractors and straight trucks is easing capacity constraints and pulling truck pricing downward as the US economy expands at a slower pace.
Truckload
US container-on-barge services get funding boost
Hugh R. Morley, Senior Editor | Apr 23, 2019, 4:22 PM EDT
The US Maritime Administration has awarded $6.79 million in federal marine highway grants to container-on-barge projects in Louisiana and Virginia and a waterborne service that will move farm products between Long Island and Connecticut.
Container lines
E-commerce drives on-demand warehousing tech
Eric Johnson, Senior Technology Editor | Apr 23, 2019, 11:17 AM EDT
Investments in warehousing technology are being driven not just by e-commerce growth but also by larger shippers wanting to optimize inventory placement as their networks get more complex.
Logistics Technology News
New HMM head to ‘consolidate’ 2M relationship
Greg Knowler, Senior Editor Europe | Apr 23, 2019, 7:14 AM EDT
HMM’s new CEO is on a European tour that will focus on three key challenges: the future of its 2M Alliance relationship, winning customer trust, and gaining insight into the low-sulfur fuel mandate.
Container lines
Rising US retail inventories set stage for transport pullback
William B. Cassidy, Senior Editor | Apr 22, 2019, 5:10 PM EDT
US containerized imports from Asia dropped 0.5 percent year over year in the first quarter of 2019, after rising 15.5 percent in the fourth quarter, according to the PIERS data, a sister product of JOC.com within IHS Markit
Industrial Real Estate News
Maritime
Trucking News
Houston port authority seeks flexibility in channel restriction
Hugh R. Morley, Senior Editor | Apr 22, 2019, 4:52 PM EDT
While the Port of Houston Authority ruled that only one container vessel larger than 9,500 TEU could traverse the port channel each week, the authority argues that enshrining the limit into law could have sweeping consequences that would damage the port economy.
North American ports
Port infrastructure
Federal grants to boost US freight projects
Ari Ashe, Senior Editor | Apr 22, 2019, 3:48 PM EDT
Applications are now being accepted for $900 million in USDOT BUILD grants for the upcoming fiscal year, a 40 percent reduction from the $1.5 billion made available last year for port, road, and rail projects.
Transport, Trade and Regulation News
Rail News
North American ports
India advances reworked port tariff rules
India Special Correspondent | Apr 22, 2019, 3:29 PM EDT
After months of heated debate, lawmakers in India are moving forward with new port tariff regulations designed to roll back competitive advantages afforded to newer terminal operators within the current framework.
International ports
Top 50 US Trucking Rankings: Revenue growth to slow after record year
William B. Cassidy, Senior Editor | Apr 22, 2019, 6:23 AM EDT
The 50 largest US trucking operators grabbed a larger share of the market, while smaller carriers raised the bar in terms of revenue growth last year thanks to the strongest freight market since the 2009 recession.
Trucking News
LTL
Scrubber retrofits put pressure on ocean reliability
Keith Wallis, Special Correspondent | Apr 21, 2019, 3:23 PM EDT
Container vessel on-time performance could degrade even further as carriers remove ships from service to install equipment that “scrubs” harmful sulfur particles from ship exhaust in lieu of burning low-sulfur fuel.
Transport, Trade and Regulation News
Container lines
US-Mexico cargo delays spur new transport approaches
William B. Cassidy, Senior Editor | Apr 20, 2019, 2:40 PM EDT
As ongoing, rolling delays at the US-Mexico border threaten cross-border manufacturing operations that rely on quick, dependable deliveries, some shippers are taking drastic measures to keep their supply chains running smoothly.
Trucking News
Air Cargo
Amazon debuts atop global 3PL rankings
Alan M. Field, Special Correspondent | Apr 20, 2019, 10:30 AM EDT
Although the e-commerce giant doesn't describe itself as a third-party logistics provider (3PL), Amazon has surpassed major global players such as DHL and Kuehne + Nagel in 3PL revenue.
Logistics Technology News
Slowing trade solidifies challenge to shipping
Mark Szakonyi, Executive Editor | Apr 19, 2019, 12:00 PM EDT
The World Trade Organization has downgraded its 2019 outlook for world trade growth to 2.6 percent from a 3 percent clip in 2018, and global manufacturing is weakening.
Container lines
US warehouse demand shows signs of cooling
Hugh R. Morley, Senior Editor | Apr 18, 2019, 6:18 PM EDT
The eight-year trend of declining industrial space availability could soon be over, with a more even balance between the demand for space and the amount of new space completed, even as rents continue to go up.
Industrial Real Estate News
Rails work to reduce Houston congestion
Ari Ashe, Senior Editor | Apr 18, 2019, 6:14 PM EDT
Kansas City Southern referred to congestion in Houston as a smaller version of Chicago gridlock, while acknowledging coordination with Union Pacific Railroad needs to be better and precision scheduled railroading could help.
North-American rail
Few bright spots in official Q1 intermodal data
Ari Ashe, Senior Editor | Apr 18, 2019, 5:57 PM EDT
Slowing international growth and declining domestic volume in the first quarter point to the worst performance in intermodal since the freight recession ended in late 2016.
Intermodal providers
Capacity ‘overshoot’ pulls down truckload contract rates
William B. Cassidy, Senior Editor | Apr 18, 2019, 5:33 PM EDT
Chainalytics sees contract truckload rates turning ‘negative’ year over year as oversupply hits softer US freight demand.
Truckload
Mexican teacher blockade dents KCS intermodal volumes
Hugh R. Morley, Senior Editor | Apr 18, 2019, 2:48 PM EDT
Kansas City Southern (KCS) reported a decline in first-quarter intermodal volumes due to the teacher blockade that stopped cargo going in and out of the port of Lazaro Cardenas by rail.
North-American rail
International rail
Zeaborn to take full ownership of Zeamarine
Janet Nodar, Senior Editor, Breakbulk and Heavy Lift | Apr 18, 2019, 1:33 PM EDT
Pending antitrust approval, Zeaborn Group will take full ownership of the Zeamarine joint venture, consisting of Zeaborn Chartering, Rickmers Line, and Intermarine, after buying out New Mountain Capital’s interest.
Breakbulk carriers
Small US truckers feel pinch as pricing drops
William B. Cassidy, Senior Editor | Apr 18, 2019, 10:46 AM EDT
A large number of small and midsize US trucking companies report competitors charging “unsustainably low rates” in a recent Bibby Financial Services survey.
Truckload
LTL
Decarbonization is shipping's newest existential challenge
Peter Tirschwell | Apr 18, 2019, 10:17 AM EDT
Maersk’s commitment to a fully decarbonized fleet by 2050 is ensuring that decarbonization will immediately come onto the container shipping industry’s agenda.
Container lines
Rotterdam volume rising despite Asia-Europe slowdown
Greg Knowler, Senior Editor Europe | Apr 18, 2019, 10:15 AM EDT
Declines in the Asia-North Europe and intra-European trades were more than offset by growing demand for feeder and transshipment services at Europe’s largest port.
Port News
CBP takes aim at US-Mexico border freight delays
William B. Cassidy, Senior Editor | Apr 17, 2019, 5:44 PM EDT
Some Customs agents are returning to US-Mexico border crossings following weeks of cargo congestion, but long delays continue in locations such as Pharr, Texas.
Trucking News
LTL
Zim involvement major win for TradeLens
Eric Johnson, Senior Technology Editor | Apr 17, 2019, 4:47 PM EDT
Container carrier Zim is the second independent line to join Maersk and IBM’s blockchain platform, with other European carriers poised to join, JOC.com has learned.
Logistics Technology News
NY-NJ truck association picks new president
Hugh R. Morley, Senior Editor | Apr 17, 2019, 3:23 PM EDT
Jeffrey A. Bader, the former president of the largest trucking group in the Port of New York and New Jersey, will be succeeded by Lisa Yakomin, who has held responsibility for communications and government affairs at the association.
Drayage
North American ports
US intermodal slump raises truck competitiveness questions
Ari Ashe, Senior Editor | Apr 17, 2019, 3:15 PM EDT
Intermodal volume will be down for many of the Class I railroads and trucking companies providing intermodal service, and although weather is an excuse, larger questions remain about the sector in the short and long term.
North-American rail
Slowing growth, uncertainty darken MPV/HL outlook
JOC Staff | Apr 17, 2019, 3:14 PM EDT
The latest multipurpose/heavy-lift sector forecast from Drewry projects a decent year ahead but slowing growth in the longer term.
Breakbulk News
Need for speed trumping UK emissions efforts
Greg Knowler, Senior Editor Europe | Apr 17, 2019, 11:25 AM EDT
The UK freight transport industry will need government support if any real advances are to be made in decarbonizing the supply chain.
Trucking News
Rail News
LTL
Customs to run 24/7 at fast-growing Manzanillo port
Hugh R. Morley, Senior Editor | Apr 16, 2019, 5:13 PM EDT
Customs services at Mexico’s largest port will be available round the clock under a plan that federal customs authorities are putting together to help move cargo through the port more quickly.
International ports
US-Mexico truck delays forecast to last weeks
William B. Cassidy, Senior Editor | Apr 16, 2019, 5:12 PM EDT
Ryder urges shippers to apply for expedited clearance to mitigate disruption from US-Mexico cross-border congestion as it adds equipment and builds out its truck yards and warehousing space near the border.
Truckload
Will container shipping embrace data standards?
Eric Johnson, Senior Technology Editor | Apr 16, 2019, 4:45 PM EDT
Four of the world’s largest shipping lines received clearance this week to begin developing data standards through a new association designed to help carriers to tap more quickly into outside digital innovation.
Logistics Technology News
Container lines
LA automation vote delay opens door for compromise
Bill Mongelluzzo, Senior Editor | Apr 16, 2019, 4:00 PM EDT
The Los Angeles Harbor Commission has again delayed a decision on APM Terminals' plan to automate a portion of its Pier 400 facility in the Port of LA, giving the terminal operator and the ILWU 30 days to reach an agreement on how best to proceed with the project.
North American ports
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