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Platts Containers Update
Carrier pricing fuels US East and Gulf coast share gains
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
East and Gulf Coast ports through October grew their import volumes at more than double the pace of West Coast ports.
North American ports
Container lines
Slot-stricken Schiphol explores Dutch call for local rule
Greg Knowler, Europe Editor |
Netherlands airport hub Schiphol is considering a government proposal aimed at solving its landing rights crisis impacting all-cargo flights.
Air Cargo Forwarder News
Transport, Trade and Regulation News
DHL profits on strong express, e-commerce business
Greg Knowler, Europe Editor |
DHL has reported its eighth consecutive quarter of growth as time-definite shipments drive up revenue and volume.
Logistics Technology News
Asia-Europe rates fall amid rising capacity, limited sailing cuts
Greg Knowler, Europe Editor |
Rates on Asia-Europe were back in decline this week, and the market fundamentals make it unlikely that prices will increase much before Chinese New Year.
Container lines
US regulators move to ease NVOCC contracting rules
Joseph Bonney, Senior Editor |
As non-vessel operating common carriers have expanded their market share, so has pressure to ease restrictions on their ability to offer customized rate and service packages.
Transport, Trade and Regulation News
Yang Ming breaks string of 10 straight quarterly losses
Hugh R. Morley, Senior Editor |
Yang Ming reports a third-quarter profit on higher volume and freight rates, after 10 loss-making quarters.
Container lines
Court ruling fails to resolve Great Lakes pilotage issues
Joseph Bonney, Senior Editor |
Last week’s ruling by Judge Rudolph Contreras of the US District Court for the District of Columbia is the latest development in a years-long dispute over pilotage fees.
Container lines
Breakbulk News
Record US import gains unlikely to be repeated in 2018
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Compared with the approximately 3 percent increases of recent years, 2017 was a banner year.
North American ports
Truck capacity ‘imbalance’ slows US-Mexico freight
William B. Cassidy, Senior Editor, Trucking |
At the US-Mexican border, a long-term, costly imbalance in north- and southbound tractor-trailers threatens to slow cross-border supply chains.
LTL
Proposed Mexican coastal rail bridge faces steep grade
Hugh R. Morley, Senior Editor |
A long-shot proposal has been floated to build a railroad that supporters say could make it quicker and cheaper to move cargo by land between Mexico’s Pacific and Gulf coasts than the Panama Canal.
International rail
International ports
Infographic: Road to ILA contract negotiations
Joseph Bonney, Senior Editor |
Now that a West Coast longshore labor contract extension is in place through mid-2022, shippers are anxious for a similar deal to ensure continued labor peace on the East and Gulf coasts.
Longshore labor
North American ports
MSC pursues stake in Russian rail operator Transcontainer
Eugene Gerden, Russia Special Correspondent |
The deal would complement MSC’s ZAO Container Terminal in Russia’s busiest port of St. Petersburg.
International rail
JNPT rail volume stagnant despite port push
India Special Correspondent |
By volume, October railed containers totaled 62,091 TEU.
International rail
Court rules against ILWU in Portland slowdown case
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
The International Longshore and Warehouse Union-International Container Terminal Services, Inc. saga began in 2012.
Longshore labor
ILA, USMX to discuss multiyear contract extension
Joseph Bonney, Senior Editor |
International Longshoremen’s Association and United States Maritime Alliance officials have been exploring a long-term extension for more than two years.
Longshore labor
North American ports
China OKs Maersk acquisition of Hamburg Süd
JOC Staff |
Transport, Trade and Regulation News
Trans-Atlantic trade growth keeps pace with global trend
Bruce Barnard, Special Correspondent |
The trans-Atlantic spot market has barely budged when compared with the yo-yo swings on other trades.
Container lines
Cosco closes on $42 million Zeebrugge port deal
Greg Knowler, Europe Editor |
APM Terminal's Zeebrugge facility is now 76 percent owned by Cosco Shipping Ports.
International ports
Indian efforts to cut dwell times at major ports struggle
India Special Correspondent |
India’s efforts to bring down cargo dwell times as part of a larger ease-of-doing-business program have yet to translate into steady improvements.
International ports
Atlas Air: Strong end to the year will extend into 2018
Greg Knowler, Europe Editor |
Atlas Air is the latest carrier to announce expectations of a solid peak season, but the rising demand for airlines will limit the space available to shippers and push up freight rates.
Air Cargo
Shipping Corp. of India stuck in the red
India Special Correspondent |
It is the second consecutive quarter that produced a negative performance for the top carrier.
Container lines
CBRE: E-commerce’s warehousing impact will survive recession
Joseph Bonney, Senior Editor |
Consumers’ embrace of e-commerce appears to be permanent.
Industrial Real Estate News
Logistics Technology News
JD.com commits to $1.2 billion in meat imports from US
Greg Knowler, Europe Editor |
US meat exports to China are set to be boosted sharply following the signing of a three-year volume commitment by online retailer JD.com.
Supply chain
Analysis: Signs point to capacity crunch in domestic containers
Lawrence J. Gross, president Gross Transportation Consulting |
Based on “back-of-the-envelope” analysis, the capacity of the domestic container fleet was slightly lower this year than during the peak month of November last year.
Intermodal providers
Truck strike at DP World Cochin ends
India Special Correspondent |
The settlement followed discussions between union leaders and government agencies Tuesday morning.
International ports
BIMCO: Carriers testing market pulled down peak season rates
Greg Knowler, Europe Editor |
As shipping lines and their customers head into annual Asia-Europe contract talks, carriers continue to undermine their negotiating position by not withdrawing capacity.
Maritime
Container lines
Rising freight demand sends Concor profit soaring
India Special Correspondent |
Container Corporation of India delivered solid results in the second fiscal quarter.
International rail
Shippers, 3PLs agree on US truck capacity, but not rates
William B. Cassidy |
A survey of shippers and logistics service providers (LSPs) shows broad agreement truck capacity is getting tighter, but the LSPs expect rates to rise higher next year than shippers anticipate. Electronic logging devices may be a reason.
Trucking News
LTL
Truck brokers
APMT profit falls despite higher volume
Turloch Mooney, Senior Editor, Global Ports |
The terminal operating arm of the Maersk Group said challenging market conditions and industry overcapacity put pressure on profits.
Marine terminals
Maersk: No plan to follow MSC with mega-ship orders
Greg Knowler, Europe Editor |
The move by MSC and CMA CGM to order 20 new 22,000 TEU ships between them will not be followed by Maersk Line that says it has enough capacity "for now."
Container lines
Cyber attack holds Maersk Line Q3 profit to $220 million
Greg Knowler, Europe Editor |
The $250 million to $300 million financial impact of Maersk's cyber breach was not enough to offset strong market fundamentals in the third quarter that drove up the freight rate and kept the carrier well in profit.
Container lines
Even largest shippers struggle with real-time visibility
William B. Cassidy, Senior Editor, Trucking |
Anheuser-Busch InBev seeks a special ingredient that would make its supply chain flow as smoothly and freely as lager from a tap: dynamic, real-time shipment data.
Logistics Technology News
Trucking News
Truckload
FTZ to enhance DP World's Somaliland port development
JOC Staff |
DP World continues to target expansion in the Horn of Africa.
Marine terminals
Cyber-attack impact hangs over Maersk’s Q3 earnings
Greg Knowler, Europe Editor |
Maersk is preparing to release its third quarter results that will reflect the heavy impact of a cyber attack that brought the carrier's container handling divisions to a standstill.
Container lines
Logistics Technology News
Trucker strike cripples DP World Cochin supply chains
India Special Correspondent |
Hundreds of containers are stranded at the terminal and off-site yards.
International ports
Drayage
Carriers' pursuit of co-loaders adds to rate volatility
Peter Tirschwell, Vice President |
The willingness of container carriers to sell capacity to resellers who openly distribute rates to the market is fueling rate volatility.
Logistics Technology News
Container lines
India to phase in customs reform through January
India Special Correspondent |
The primary issue is with “field formations” that must still set up systems and procedures for handling RFID e-sealed containers.
Transport, Trade and Regulation News
Breakbulk News
Logistics Technology News
India steps up funding for coastal shipping infrastructure
India Special Correspondent |
That state aid scheme underscores the importance the Narendra Modi government places on coastal and short-sea shipping.
Transport, Trade and Regulation News
Breakbulk News
No sign of canceled Q4 sailings from oversupplied carriers
Greg Knowler, Europe Editor |
Analysts continue to highlight the lack of canceled sailings that will leave carriers facing increasingly severe overcapacity as new vessels sail into service and undermine their contract negotiating position.
Container lines
Intermodal rail faces innovation, and potential disruptors
Mark Szakonyi, Executive Editor |
There’s plenty of innovation and potential pitfalls coming down the tracks.
North-American rail
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