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Breakbulk Quarterly Intelligence
Platts Containers Update
Truck tonnage drops, forecast to remain 'choppy'
William B. Cassidy, Senior Editor, Trucking |
Tonnage drops in June despite other improving indicators for trucking.
Truckload
LTL
KCS pulls through intermodal volume dip to double-digit profit growth
Reynolds Hutchins, Associate Editor |
Kansas City Southern Railway found the second quarter a dud for intermodal volume growth.
North-American rail
Off-season online sales test final-mile supply, delivery networks
William B. Cassidy, Senior Editor, Trucking |
New online sales events such as Amazon's Prime Day increase demand for last-mile capacity.
Logistics Technology News
Trucking News
HMM to tap CEO in August
Xiaolin Zeng, Special Correspondent |
Hyundai Merchant Marine will get a new CEO in August.
Container lines
Itajai shippers slam Brasilia for lack of emergency dredging aid
Rob Ward, Brazil Special Correspondent |
Shippers using the container terminals overseen by the Itajai Port Authority are livid with the government of Brazil.
International ports
Breakbulk News
Port infrastructure
Annual Japanese container trade contracts for first time in six years
JOC Staff |
Container traffic at Japanese ports sank for the first time in six years.
International ports
Ocean Alliance to deploy up to 18,000-TEU ships on trans-Pacific
Mark Szakonyi, Executive Editor |
The Ocean Alliance plans to deploy the largest ships ever seen by U.S ports on the trans-Pacific trade.
Container lines
EU fines European truck manufacturer cartel record $3.3 billion
Bruce Barnard, Special Correspondent |
The EU has fined four of Europe’s largest truck manufacturers a record 2.93 billion euros ($3.3 billion).
Truckload
LTL
Government tells Indian terminals to stop charging VGM fees
India Special Correspondent |
Terminals in India's busiest port are facing heat over allegations of unnecessary container weighing to meet SOLAS.
International ports
Merged Cosco-CSCL: Shipper contracts valid until new alliance launches
Greg Knowler, Senior Editor Europe |
China Cosco Shipping says all its shipper contracts are safe until the new Ocean Alliance kicks off next year.
Container lines
Breakbulk News
Container lines seek Asia-Europe GRIs ahead of peak season
Greg Knowler, Senior Editor Europe |
The August 1 rate increases on Asia to Europe and the Mediterranean are beginning to roll.
Container lines
XPO says it’s at an ‘inflection point’ to profitability
William B. Cassidy, Senior Editor, Trucking |
Shifting focus from acquisitions to profit-building, XPO works to convince investors it will succeed in the long-haul.
Logistics Technology News
Protest of NY-NJ port hiring practices shuts down traffic temporarily
Hugh R. Morley, Senior Editor |
Trucks slowed to a crawl, and stopped entirely, creating an extensive traffic snarl at the Port of New York and New Jersey at lunchtime Monday.
North American ports
Breakbulk News
Drayage
Next phase of inland ports are intermediate DCs near cities
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Inland ports are helping retailers cover supply chain gaps generated by growing e-commerce demand.
Intermodal providers
CMA CGM closes on NOL takeover offer
Bruce Barnard, Special Correspondent |
CMA CGM Monday closed its all-cash offer for Neptune Orient Lines.
Container lines
NYK pleads guilty to ro-ro price fixing in Australia
Zoe Reynolds, Special Correspondent |
NYK Line’s roll-on, roll-off cargo price-fixing woes continued Monday.
Container lines
J.B. Hunt adds truck capacity, grabs market share
William B. Cassidy, Senior Editor, Trucking |
Second-quarter results show $6.2 billion J.B. Hunt is spending to build intermodal, truck volume, revenue.
Truckload
Truck brokers
Indian port, manufacturing initiatives help arrest export slide
India Special Correspondent |
Indian exports are rebounding from a slide that lasted more than year.
Transport, Trade and Regulation News
Hapag-Lloyd, UASC sign merger deal
Bruce Barnard, Special Correspondent |
Hapag-Lloyd and United Arab Shipping Company Monday signed a merger agreement.
Container lines
Massive TEU scrapping just a dent in surplus capacity, Drewry says
Greg Knowler, Senior Editor Europe |
Container lines won't be able to scrap themselves out of their excess capacity situation.
Container lines
NY-NJ port truckers prepare for potential disruption from hiring protest
Hugh R. Morley, Senior Editor |
Truckers that service the Port of New York and New Jersey are preparing for possible congestion and delays Monday.
Longshore labor
Breakbulk consolidations emerge as operators seek to cut costs
Michael Hollmann |
Pressure for mergers and acquisitions in the breakbulk sector has increased since mid-2015, as cargo volumes, rates and vessel earnings have plunged.
Breakbulk News
Competition for breakbulk cargo heats up on high seas
Joseph Bonney, Senior Editor |
Facing weakness in their core markets, container and dry bulk carriers are pitching hard for multipurpose vessels’ traditional cargoes.
Breakbulk News
Container lines
Latest volume tumble at Hong Kong port highlights steady traffic decline
Greg Knowler, Senior Editor Europe |
Hong Kong continues its downward trajectory that has seen volume decline every month since July 2014.
International ports
Effort to create US port productivity metrics hits wall of opposition
Reynolds Hutchins, Associate Editor |
Representatives of the railroad industry and labor unions — many of whom actively opposed the group’s formation in the first place, but nevertheless landed seats at the table — took little time before questioning and criticizing the very existence of the new Port Performance Freight Statistics Working Group.
Transport, Trade and Regulation News
North American ports
Truck driver detention widespread, but not detention pay
William B. Cassidy, Senior Editor, Trucking |
As US regulators look into shipper detention practices, DAT survey finds many drivers are being delayed.
Truckload
Ocean Alliance betting big on trans-Pacific services to East, Gulf coast
Mark Szakonyi, Executive Editor |
Ocean Alliance members CMA CGM, COSCO Container Lines, Orient Overseas Container Line and Evergreen Line see major opportunity in deploying more services to the East and West coasts.
Container lines
North American ports
Boston port moves closer to handling neo-Panamax ships
Hugh R. Morley, Senior Editor |
The port of Boston moved a step closer being able to handle some of the the larger ships able to traverse the expanded Panama Canal.
North American ports
Trans-Pacific eastbound spot rates pop as peak season nears
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Spot rates in the eastbound trans-Pacific got a nice pop this week.
Container lines
US retailers' rising inventories dampen freight growth outlook
William B. Cassidy, Senior Editor, Trucking |
Economic indicator shows no sign of inventory destocking in May.
Transport, Trade and Regulation News
Trucking News
Rail News
Expanded Damco transshipment program gives shippers more flexibility
Bruce Barnard, Special Correspondent |
Damco has established three new global hubs to expand its Hub-in-Transit program.
Logistics Technology News
Corruption scandal threatens APMT’s Guatemala terminal concession
Tony Slinn, Special Correspondent |
APM Terminals is caught up in a Guatemalan bribery scandal.
Marine terminals
Profit warning issued by CIMC as market downturn persists
Greg Knowler, Senior Editor Europe |
Container maker struggling amid weak demand, currency fluctuations and market slump.
Maritime
Marine terminals
Asia-Europe spot rates fall ahead of Med capacity injection
Greg Knowler, Senior Editor Europe |
Falling spot market and rising capacity don't bode well for Asia-Mediterranean freight rates.
Container lines
Top forwarders grapple with container shipping alliance reshuffling
Greg Knowler, Senior Editor Europe |
HMM joining the 2M Alliance has pushed carrier management to the top of the forwarder agenda.
Container lines
Relief coming for truckers serving fast-growing Chicago-area inland port
Reynolds Hutchins, Associate Editor |
Truck drivers who have been using a secondary access road to reach a major intermodal complex outside Chicago have been forced to cope with longer turn times, fewer trips and higher costs — but a solution is in the works.
Intermodal providers
China studies shore power to supplement new emissions rules
Turloch Mooney, Senior Editor, Global Ports |
The use of shore power is being studied to supplement the set-up of emission control areas at China's main commercial shipping centers.
Transport, Trade and Regulation News
Container lines
Does busier spot market signal a US truck rate spike?
William B. Cassidy, Senior Editor, Trucking |
As spot market truckload volumes rise, will rates follow?
Truckload
Longer trucker turn times at LA-LB cost shippers
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Truck lines in Los Angeles-Long Beach got slightly longer in June.
Drayage
European shippers attack EU-liner pricing deal
Bruce Barnard, Special Correspondent |
The European Shippers Council today claimed container lines' recent commitments to the European Commission over general rate increase announcements “does not solve the price-fixing problem.”
Transport, Trade and Regulation News
Container lines
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