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Limited warehouse space near US West Coast ports to force higher rents or new routings
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Precariously low West Coast vacancy rates for warehouse and distribution space are sending a stark message to shippers: Expect to pay even more to carry your goods, or rework your containerized supply chains.
North American ports
Industrial Real Estate News
Hanjin ordered by US judge to release cargo if freight costs paid
Hugh R. Morley, Senior Editor |
The court is hearing issues related to the bankruptcy filing by Hanjin Shipping, which left its more than 90 ships and 500,000 containers around the world in limbo.
Container lines
UP admits weaker pricing power as intermodal volume falls
Reynolds Hutchins, Associate Editor |
The Western railway has lost some of its pricing power after domestic and international freight demand shrank in the third quarter.
North-American rail
Maersk Line resumes service to import-hungry Iran
Dustin Braden, Shipper Relationship Manager |
Maersk Line has resumed calls to Iran after a five-year hiatus.
Container lines
'Soft' rates pulling down US truckload revenue, profit
William B. Cassidy, Senior Editor, Trucking |
Even when volumes rise, lower revenue shows impact of reduced rates and fuel surcharges at publicly owned carriers.
Truckload
SAL Heavy Lift lands big offshore wind contract
Joseph Bonney, Senior Editor |
SAL Heavy Lift has won a contract from the Dutch offshore construction company Van Oord.
Breakbulk News
Last two Hanjin ships set to call NY-NJ port
Hugh R. Morley, Senior Editor |
A Hanjin ship just released from arrest outside the Panama Canal is one of two expected to stop at the Port of New York and New Jersey in the next week.
Container lines
Panama Canal raises new locks’ draft
Joseph Bonney, Senior Editor |
The Panama Canal Authority said increased rainfall has permitted an increase in maximum allowable drafts at the canal’s new locks.
International ports
Container lines
Seatrade reefer box order underscores demand strength
Bruce Barnard, Special Correspondent |
Seatrade's order underscores the strength of the reefer market.
Container lines
Cool Cargo News
CMA CGM signs deal to develop LNG fuel for container ships
Bruce Barnard, Special Correspondent |
CMA CGM has signed a memorandum of understanding to promote liquefied natural gas as the marine fuel of the future.
Container lines
ICTSI opens upgraded container terminal at Umm Qasr, Iraq
India Special Correspondent |
International Container Terminal Services Inc. last week opened the first phase of its Basra Gateway Terminal in the southern Iraqi port of Umm Qasr.
Marine terminals
FMC chairman not satisfied with PierPass transparency
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
FMC Chairman Mario Cordero expresses concern after receiving staff briefing on analysis of PierPass fee collections and disbursements.
Marine terminals
Drayage
Hanjin accused of deception in avoiding US ship seizure
Hugh R. Morley, Senior Editor |
The attorney for a fuel company with a lien for services provided to a ship operated by Hanjin Shipping has accused attorneys for the carrier of failing to report when the charter for the vessel was terminated.
Container lines
Eimskip acquisition spree continues with reefer forwarder
JOC Staff |
Eimskip’s acquisition spree continues with the purchase of a Netherlands-based forwarder.
Container lines
Cool Cargo News
Over-the-road conversions drive CP intermodal growth
Reynolds Hutchins, Associate Editor |
The fall shipping season of 2016 has been good to Canadian Pacific Railway.
North-American rail
Russian toll to increase trucking rates by double digits
Eugene Gerden, Russia Special Correspondent |
Russian shippers and transportation companies say they will have to increase their rates double digits to keep up with the cost increases created by Russia’s “Platon” truck toll.
Trucking News
Transport, Trade and Regulation News
LTL
Oakland fiscal year earnings signal stability
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Cargo interests can be assured of stability at Northern California's Port of Oakland.
North American ports
Gearbulk, Grieg Star plan 130-ship breakbulk/bulk joint venture
Joseph Bonney, Senior Editor |
Breakbulk and bulk cargo operators Gearbulk and Grieg Star have agreed to form a Norway-based joint venture.
Breakbulk News
Geopolitics hamper modernization of Bangladesh ports
Turloch Mooney, Senior Editor, Global Ports |
The competition to develop much-needed modern port facilities in Bangladesh has intensified.
International ports
Breakbulk News
BRICS reefer trade poised for growth
Rob Ward, Brazil Special Correspondent |
The big winner of a recent summit between Brazil, Russia, India, China, and South Africa is likely to be refrigerated shipments out of Brazil.
Container lines
Starting from the bottom, container market set for slow rebound
Bruce Barnard, Special Correspondent |
Container shipping is set for a gradual recovery after hitting bottom with the collapse of Hanjin Shipping, but the road ahead is anything but smooth.
Container lines
Maersk adds Colombo feeder to meet India transshipment demand
India Special Correspondent |
Maersk Line is ramping up its feeder operations at Kakinada Port, an emerging alternative cargo gateway on India’s east coast.
International ports
LA-LB’s multifaceted big ship strategy shows work ahead for other US ports
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Los Angeles and Long Beach have served as a laboratory for creative measures to cope with the growing container volumes and the surges of cargo from mega-ships that have also challenged other US ports.
Marine terminals
Drayage
Hanjin shadow looms over 2017 service contract talks
Greg Knowler, Senior Editor Europe |
Trans-Pacific service contracts in early 2017 will have the shadow of Hanjin falling over the negotiations.
Container lines
Hanjin’s trans-Pacific network holds little value for competitors
Greg Knowler, Senior Editor Europe |
Analyst questions the value to incumbent Asia-US operators of Hanjin's trans-Pacific network.
Container lines
US grants $1 million to train military veterans as truck drivers
JOC Staff |
US regulators are increasing funding for driver-training schools and institutions serving veterans while pushing a pilot program that would license under-21 ex-military drivers.
Trucking labor
LTL
Truckload
Tech company tests one-stop system to check container status
Joseph Bonney, Senior Editor |
A system aims to provide a single collection point for information on container status, vessel schedules, and empty-container returns, among other information.
Logistics Technology News
Container lines
US truck tonnage, truckload rates take a tumble
William B. Cassidy, Senior Editor, Trucking |
US shippers may be concerned about trucking rate hikes in 2017 and 2018, but pricing power isn't likely to slip away from them soon.
Truckload
LTL
Hanjin rejects shipper effort to freeze owed freight payments
Hugh R. Morley, Senior Editor |
Ashley Furniture asked the court to allow an “administrative freeze” on payments owed to Hanjin for services that were only partially provided as a result of the carrier’s failure to fulfill contractual obligations.
Transport, Trade and Regulation News
After volume drop, KCS expects better intermodal service
Reynolds Hutchins, Associate Editor |
North-American rail
Puerto Rico-bound rotors move over Jaxport heavy-lift dock
Joseph Bonney, Senior Editor |
Jacksonville port officials have been working to attract project and breakbulk cargo business to the heavy-lift dock at the port’s Blount Island Marine Terminal.
Breakbulk News
FedEx investing $1.5 billion in Paris distribution hub
Bruce Barnard, Special Correspondent |
The US delivery company will spend 200 million euros to expand its sorting facility at Charles de Gaulle airport and 1.2 billion euros on a 30-year lease.
Logistics Technology News
Kuehne + Nagel profit down even as ocean, air traffic rises
Bruce Barnard, Special Correspondent |
The Swiss logistics and forwarding giant expressed confidence in the fourth quarter.
Logistics Technology News
Rickmers sells stake in troubled Singapore affiliate Rickmers Maritime
Bruce Barnard, Special Correspondent |
The group has disposed of its entire 34.2 percent stake.
Container lines
India’s ports pressed to lower rail handling charges
India Special Correspondent |
India wants port authorities to lower rail handling charges to draw more truckloads onto intermodal trains.
Rail News
Amid volatility, carrier management recommended to importers
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Collapse of Hanjin Shipping highlights needed for better understanding of carrier risk.
Container lines
ICTSI will still consider bid for downsized Mindanao port project
Turloch Mooney, Global Ports Editor |
The port is operating close to capacity with berth utilization over 90 percent.
Marine terminals
China Cosco chief: Container carriers at a crucial crossroad
Greg Knowler, Senior Editor Europe |
China Cosco president spells out the way forward for container lines as they sail up to a crucial crossroad.
Maritime
Container lines
Chassis provider warns of Hanjin sending uninsured equipment on US highways
Hugh R. Morley, Senior Editor |
A chassis provider has asked a federal judge to cancel all its per-diem leasing agreements with Hanjin Shipping.
Container lines
Matthew flooding still slowing truck, rail shipments in North Carolina
William B. Cassidy, Senior Editor, Trucking |
A week after Hurricane Matthew’s clouds lifted, US shippers continue to experience delays or outright embargoes on cargo moving in and around eastern North Carolina where rail lines and roads remain underwater.
Rail News
Trucking News
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