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Platts Containers Update
US toy imports to hit six-year high, IHS Markit forecasts
Mario O. Moreno, Economist |
The US toy trade continues to feel the force of demand powered by the Star Wars films.
Transport, Trade and Regulation News
Online platform looks to shake up Indian shipping
India Special Correspondent |
Entrepreneurs in India are seeking to transform freight transportation in the country.
Logistics Technology News
Ports America backs proposed port at Sydney, Nova Scotia
Joseph Bonney, Senior Editor |
The proposed Novaporte project at Sydney and a rival one at Melford, 200 miles across Cape Breton Island, have been trying for several years to attract investors and dispel industry skepticism about their prospects.
International ports
Rickmers Maritime to scrap youngest container ship ever
Bruce Barnard, Special Correspondent |
Rickmers Maritime Trust confirmed it is selling the youngest ship ever for scrap.
Container lines
Japan's ailing top three liners get government aid
Hisane Masaki, Japan Special Correspondent |
The tax reforms provide another release valve for growing financial pressure.
Transport, Trade and Regulation News
China buys majority stake in Sri Lanka’s Hambantota port
Turloch Mooney, Senior Editor, Global Ports |
China state-controlled company China Merchants signed a deal with the government of Sri Lanka to buy an 80 percent stake in Sri Lanka’s Hambantota deep-sea port.
Transport, Trade and Regulation News
LTL truckers ride into new era and challenges
William B. Cassidy, Senior Editor, Trucking |
As 2017 beckons, less-than-truckload trucking companies are traveling an unmapped route through some unfamiliar territory.
LTL
No 2M for HMM as slot deal signed with Maersk, MSC
Greg Knowler, Senior Editor Europe |
Hyundai to enter slot-sharing deal with Maersk and MSC, but it will be no 2M Alliance membership.
Container lines
Warehousing, logistics demand rising on US-Mexico border
William B. Cassidy, Senior Editor, Trucking |
Talk of construction along the US-Mexican border is about more than building a wall.
Transport, Trade and Regulation News
Customs officers plan to cripple Brazilian ports next week
Rob Ward, Brazil Special Correspondent |
More unrest is on the way to the quays of Brazilian ports as the union representing customs officers accelerates ongoing labor actions that have plagued shippers since summer.
International ports
Breakbulk News
NY-NJ terminal tests truck appointments
Joseph Bonney, Senior Editor |
Limited rollout at GCT Bayonne is first at US East Coast's largest port.
North American ports
Trucking News
Drayage
Swift says US freight volumes rising, but not truck rates
William B. Cassidy, Senior Editor, Trucking |
US shippers are moving more goods, thanks to holiday demand, but not necessarily paying more for transportation.
Truckload
Russian terminal operators hike rates despite investigations
Eugene Gerden, Russia Special Correspondent |
Terminal operators continue to drive up prices for their services at Russian ports despite the intense scrutiny of the country’s competition regulator.
International ports
Trans-Pacific spot market enters winter lull
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Spot rates in the eastbound Pacific edged lower this week, but another modest spike in freight rates is anticipated later this month.
Container lines
Jawaharlal Nehru dwell time reductions gain momentum
India Special Correspondent |
Efficiency gains as a result of direct port delivery services and other measures are helping Jawaharlal Nehru Port Trust slash on-terminal dwell times that have long been frustrating and costing shippers using India’s biggest container gateway.
International ports
Rickmers Maritime to try again to gain restructuring support
Bruce Barnard, Special Correspondent |
The trustee-manager canceled a Nov. 9 vote on restructuring a bond because there were insufficient bondholders to form a quorum.
Container lines
Focus on container flow, not cost-cutting, to heal ailing industry
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Container lines and shippers can fix what some consider to be a broken industry if they concentrate more on accelerating the flow of data and cargo and less on freight rates and cost-cutting measures.
Marine terminals
Container lines
Steady rise in Asia-Europe spot rates that pass $1,000 mark
Greg Knowler, Senior Editor Europe |
Rising spot rates as 2016 winds down will not be enough to lift carrier margins back into profitability, but the upwards trend will be a welcome relief after a year to forget.
Container lines
Miami terminals seek alliance to jointly cooperate with container lines
Reynolds Hutchins, Associate Editor |
US regulators are reviewing a proposed agreement between two marine terminal operators at the Port of Miami that would allow the terminals to jointly negotiate terms and conditions with container lines — a first for the United States.
Transport, Trade and Regulation News
Container lines
US truck lobby urges broader use of TWIC card
William B. Cassidy, Senior Editor, Trucking |
One card and one security background check should be enough for truck drivers, American Trucking Associations CEO tells Senate subcommittee.
Transport, Trade and Regulation News
Trucking News
US export gains shield Central America trade deal under Trump
Alan M. Field, Contributing Editor |
Is Trump truly anti-free trade, and if so, will he also train his eye on the Central America Free Trade Agreement, the decade-old trade pact that was modeled after NAFTA?
Transport, Trade and Regulation News
Pork powers Brazil meat export growth
Rob Ward, Brazil Special Correspondent |
As the Brazilian currency, the real, has weakened, international demand for Brazilian meat has surged, with pork being the biggest beneficiary.
Container lines
US truck driver pay rising, in steps, as market improves
William B. Cassidy, Senior Editor, Trucking |
Truck driver pay is beginning to rise as truckload freight demand picks up.
Trucking labor
Rotterdam raises the bar for ports going green
Turloch Mooney, Senior Editor, Global Ports |
The port of Rotterdam said it will make risk-bearing financial investments in selected companies that help to reduce its carbon footprint as part of a major strategy to transition the port to a carbon neutral environment and renewable energy hub.
International ports
Growing shipper interest in plan speeding Jawaharlal Nehru imports
India Special Correspondent |
Jawaharlal Nehru Port Trust shippers are showing keener interest in direct port delivery services that greatly improve port productivity.
International ports
Europe port operators seek regulatory clarity in daunting market
Bruce Barnard, Special Correspondent |
Europe’s private port and terminal operators have called for “clear and stable” regulations to ensure adequate returns on their investments in an increasingly unsustainable market.
Transport, Trade and Regulation News
Direct LCL services launched from US to Asia
Greg Knowler, Senior Editor Europe |
The providers of LCL services are expanding their US to China and India offerings that give forwarders and shippers better access to Asia.
Maritime
Northwest Seaport Alliance wants guarantee from Hanjin terminal operator
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
TTI refuses to post security bond with Northwest Seaport Alliance.
North American ports
US truck spot market volumes soar, rates rise
William B. Cassidy, Senior Editor, Trucking |
The US truckload spot market soared post-Thanksgiving, with volumes hitting highs and rates continuing their climb in what may be a stronger consumer-led recovery.
Truckload
Truck brokers
US trucker hours-of-service violations drop
William B. Cassidy, Senior Editor, Trucking |
The overall number of truck driver hours-of-service violations cited by roadside inspectors dropped in fiscal 2016, but certain types of violations increased.
Transport, Trade and Regulation News
Trucking News
Hasty decisions on PierPass could undermine gains
Peter Tirschwell |
The PierPass extended gates program at the Los Angeles-Long Beach port complex, which has moved vast quantities of cargo from daytime to nights and weekends, has come under no shortage of criticism in recent months.
North American ports
Trucking News
Drayage
Hamburg Sud deal likely to force Maersk sale of Brazilian subsidiary
Rob Ward, Brazil Special Correspondent |
Maersk Line’s acquisition of Hamburg Sud will likely force it to sell its Brazilian flag operation Mercosul Line, which could open the door to CMA CGM or Mediterranean Shipping Co. to enter the closed Brazilian coastal shipping market.
Transport, Trade and Regulation News
Maersk, Evergreen seek Russian antitrust settlement
Eugene Gerden, Russia Special Correspondent |
Global container lines found guilty of cartel practices in the Russian market are seeking a settlement with Russian authorities in an attempt to avoid multi-million dollar fines.
Transport, Trade and Regulation News
Container lines
US shipper, trucker petition could trigger detention and demurrage relief
JOC Staff |
A broad range of US shippers, truckers, and transportation intermediaries are asking federal maritime regulators to consider creating a rule to prevent marine terminals and container lines from charging demurrage and detention fees.
Transport, Trade and Regulation News
Container lines
Drayage
North American ports
Marine terminals
Capacity upgrades, digitization drive public Indian port growth
India Special Correspondent |
India’s major, or public, ports booked strong growth in container volumes in November.
International ports
Air cargo growth fastest in 18 months on Hanjin failure
Bruce Barnard, Special Correspondent |
Global air cargo traffic grew at the fastest rate in 18 months in October, driven by several one-off factors, including the collapse of Hanjin Shipping.
Air Cargo Carriers News
Container line mergers could force clean break from chassis control
Joseph Bonney, Senior Editor |
Consolidation of container lines could spur them to finally make a clean break from control of intermodal chassis.
Container lines
Drayage
Marine terminals
THE Alliance teams with Zim on trans-Atlantic service
Bruce Barnard, Special Correspondent |
The members of THE Alliance on Wednesday announced a revamped Mediterranean-East Coast North America service via a link with Israeli ocean carrier Zim Integrated Shipping Service.
Container lines
APL drops GRIs for rate format agreed with EU
Greg Knowler, Senior Editor Europe |
APL will drop its regular general rate increases and adopt the inclusive rate format that was agreed with the EU Commission in July by a host of carriers to resolve a long-running anti-trust probe.
Container lines
Rapid China-New Zealand trade growth spurs wider liner coverage
Greg Knowler, Senior Editor Europe |
APL has expanded its China-New Zealand network as trade between the two countries almost tripled in the past decade.
Container lines
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