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Platts Containers Update
US shipping unit weighs on Sumitomo Warehouse earnings
Tomoo Yatsuhashi, Japan Special Correspondent |
Revenue and profit both sank at Japan’s Sumitomo Warehouse Co.
Logistics Technology News
Container lines
Mexican Pacific coast competition intensifies
Hugh R. Morley, Senior Editor |
The expansion will enable the terminal to add a fourth berth and boost the total terminal area by nearly 30 percent.
Transport, Trade and Regulation News
Werner Enterprises enters last-mile logistics market
William B. Cassidy, Senior Editor |
Long-haul truckload operator launches final-mile service using straight trucks, team drivers.
Truckload
Rail-truck pricing fight restrains US domestic intermodal rates
Reynolds Hutchins, Associate Editor |
North American railways and trucking companies are in a bare-knuckle, low-margin fight for domestic intermodal cargo.
North-American rail
Trucking News
Global container trade expands at fastest pace since 2010
Bruce Barnard, Special Correspondent |
"We have seen growth spurts before that have fizzled out and regressed back to the downwards trend soon enough, although admittedly none in recent years have been close to the same magnitude.”
Container lines
Bondholder challenges Rickmers Maritime fleet sale
Bruce Barnard, Special Correspondent |
“The likely outcome of this situation, if not resolved, is liens and vessel arrests.”
Breakbulk carriers
Toll Logistics pushes Japan Post Holdings into the red
Tomoo Yatsuhashi, Japan Special Correspondent |
Weakness in global commodity markets continue to weigh on Toll Logistics.
Logistics Technology News
At Schneider, last-mile acquisitions fuel growth
William B. Cassidy, Senior Editor |
The purchase of last-mile logistics businesses in 2016 drove Schneider revenue higher despite a soft truckload market.
Truckload
Truck brokers
NY-NJ port honing navigation for ships up to 18,000-TEU
Hugh R. Morley, Senior Editor |
Recommendations highlight the unique requirements of mega-ships and the complexity of bringing them to berth.
North American ports
Container lines
Ethiopia gains access to Berbera Port
Turloch Mooney, Senior Editor, Global Ports |
DP World said investment in the port could reach $442 million.
Marine terminals
Maersk: Fundamentals in place for 2017 market revival
Greg Knowler, Senior Editor Europe |
With the loss-making first quarter out of the way, Maersk Line expects the recovering market to drive up profitability for the rest of the year.
Container lines
Indian authorities inch toward agreement to avoid strike
India Special Correspondent |
Indian authorities and labor federations are inching toward an agreement that would avert threatened work stoppages.
Longshore labor
Evergreen swings to profit on higher rates, volume
Greg Knowler, Senior Editor Europe |
Taiwan’s top three carriers — Evergreen Marine Corp., Wan Hai Lines, and Yang Ming — have posted their first-quarter financial results.
Container lines
Polymer packers scramble ahead of US resin export surge
Gregory DL Morris and Joseph Bonney |
US Gulf ports are angling for a share of the increased exports, and shippers of cotton and other commodities worry resins will absorb limited container and ship capacity.
North American ports
US Gulf ports building on growing container traffic
JOC Staff |
New Panama Canal services from Asia are helping to fuel steady growth in Gulf ports’ single-digit share of US containerized imports.
North American ports
PierPass hiring consultant to aid program restructuring
Bill Mongelluzzo, Senior Editor |
The industry is mulling two ways to make the extended-gates program at the Los Angeles-Long Beach port complex more effective.
North American ports
With next-day delivery, Flexe thinks outside the big box
William B. Cassidy, Senior Editor |
Flexe's virtual next-day delivery network helps the "Airbnb of warehousing" deliver e-commerce fulfillment for shippers.
Logistics Technology News
Trucking News
Trans-Pac spot rates fall for second straight week
Bill Mongelluzzo, Senior Editor |
The commercial and operational environment in the largest US trade lane is unsettled right now due to new service contracts taking effect on May 1.
Container lines
13,000-TEU ships to be new workhorses on Asia-US trades
Bill Mongelluzzo, Senior Editor |
With 13,000-TEU+ vessels becoming more common in US trades, BCOs on both coasts brace for yard and gate congestion at marine terminals.
Container lines
Mammoet expands heavy-haul coverage in US Northeast
Joseph Bonney, Senior Editor |
Until now, Mammoet has worked in the region on a project basis.
Breakbulk News
Gothenburg dockworkers to vote on APMT lockout
Bruce Barnard, Special Correspondent |
The vote will come just after Atlantic Container Line, a customer since the 1960s, told JOC.com that it might be forced to quit Gothenburg.
Longshore labor
Hapag-Lloyd loss widens on bunker surge, rate dip
Bruce Barnard, Special Correspondent |
Hapag-Lloyd’s net loss widened in the first quarter.
Container lines
HHLA profit, traffic jump
Bruce Barnard, Special Correspondent |
HHLA got off to a good start in 2017.
Marine terminals
Hazardous loads banned at India's biggest inland port
India Special Correspondent |
The ban follows a recent gas spill from one of the containers stored at the Tughlakabad Inland Container Depot near Delhi.
International rail
Economist skeptical new Chinese FTZs will spur intended growth
Turloch Mooney, Senior Editor, Global Ports |
The seven zones have a total combined size double that of China’s four existing FTZs.
Transport, Trade and Regulation News
Asia-Europe spot rates slide ahead of May 15 increases
Greg Knowler, Senior Editor Europe |
Rates fell on the Asia-Europe and Mediterranean trades again this week, but carriers will be levying May 15 increases in an attempt to arrest the slide.
Container lines
ACL considers Gothenburg exit
Peter Tirschwell |
The crisis at the Gothenburg port deepened on Wednesday.
Container lines
Yang Ming: US importers from Asia upped contract volume
Mark Szakonyi, Executive Editor |
Yang Ming’s report of improving financial conditions comes a week after shares resumed trading on the Taiwan Stock Exchange on May 4.
Container lines
XPO Logistics doubles last-mile footprint in Chicago
William B. Cassidy, Senior Editor |
As more consumers order heavier goods online, XPO and other last-mile logistics providers need more space.
Truckload
LTL
Truck brokers
New alliances test US East Coast ports
JOC Staff |
US East Coast ports are reporting a few of the operational hiccups their West Coast counterparts experienced via the new and enhanced global shipping alliances.
Container lines
North American ports
Amazon, not e-logs, seen disrupting truckload business
William B. Cassidy, Senior Editor |
The distribution and fulfillment demands of Amazon.com will significantly disrupt traditional long-haul truckload shipping.
Truckload
Oil industry wins first Jones Act showdown under Trump
Joseph Bonney, Senior Editor |
US Customs and Border Protection sided with the oil and gas industry over Jones Act supporters in the first major test of how the act’s US-flag shipping requirements will be interpreted under the Trump administration.
Transport, Trade and Regulation News
Breakbulk News
APMT Pipavav bullish despite volume decline
India Special Correspondent |
APM Terminals-operated Pipavav Port booked slightly lower volumes in the last fiscal year.
Marine terminals
APL Logistics rides US-Mexico growth to operating profit
Dustin Braden, Shipper Relationship Manager |
A favorable exchange rate for US importers is driving more cross-border business between Mexico and the United States.
Logistics Technology News
YRC's Welch: LTL truckers need aide in residential delivery
Bill Mongelluzzo, Senior Editor |
Welch sees LTL carriers like YRC partnering with 3PLs in order to increase participation in e-commerce fulfillment
LTL
Outlook brightens for Zim as carrier slashes Q1 loss
Bruce Barnard, Special Correspondent |
A revised niche route network pays off for Zim Integrated Shipping Services.
Container lines
APM Terminals Gothenburg slates six-week lockout
Bruce Barnard, Special Correspondent |
APM Terminals has announced a partial six-week lockout at its Gothenburg terminal, ratcheting up a year-long dispute at Scandinavia’s largest container hub.
International ports
Deutsche Post DHL profit edges higher
Bruce Barnard, Special Correspondent |
German mail and logistics giant reports strongest opening three months in its history.
Logistics Technology News
Damco reports loss for Q1 despite revenue growth
Bruce Barnard, Special Correspondent |
Damco slid back into the red in the first quarter, positng a net operating loss of $8 million.
Logistics Technology News
New cranes help Montevideo terminal cope with ship upsizing
Rob Ward, Brazil Special Correspondent |
“But with the size of vessels being cascaded over to ECSA trades rising almost annually, we had to find a solution to this increase in size.”
Marine terminals
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