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Platts Containers Update
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
Drayage
Breakbulk News
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
Antwerp port on pace for second straight record year
Bruce Barnard, Special Correspondent |
The number of mega-ships calling at the port jumped by 66 percent.
International ports
Breakbulk News
CSX fails to arrest intermodal volume decline
Reynolds Hutchins, Associate Editor |
Efforts to attract new intermodal business were not enough to slow the loss of volume and profit at CSX Transportation.
North-American rail
Cochin throughput surges as ‘Make-in-India’ program gathers steam
India Special Correspondent |
Traffic at India's Port of Cochin surged in the first half.
International ports
Wallenius Wilhelmsen pays millions to settle US antitrust probe
Bruce Barnard, Special Correspondent |
Wallenius Wilhelmsen Logistics reaches settlement with the U.S. Department of Justice, ending an investigation into anti-competitive practices.
Transport, Trade and Regulation News
Santos port labor talks continue, but further protests possible
Rob Ward, Brazil Special Correspondent |
Santos dockworkers and port operators are continuing talks on staffing, with further strike action on the agenda.
International ports
HMM’s joining 2M to boost alliance’s Korean business
Xiaolin Zeng, Special Correspondent |
After much uncertainty and speculation Hyundai Merchant Marine on Thursday announced that it would join the 2M Alliance.
Container lines
LA port volume takes a breather before peak season
Bill Mongelluzzo, Senior Editor, Trans-Pacific |
Port of Los Angeles imports in June decline as trade awaits beginning of peak season.
North American ports
Tech start-ups could partner with older logistics firms rather than disrupt
William B. Cassidy, Senior Editor, Trucking |
Established logistics companies and brokers could partner with digital start-ups to speed the "evolution" of technology demanded by shippers, the CEO of Echo Global Logistics says.
Logistics Technology News
Air Cargo Forwarder News
LTL
Panama Canal ousts Suez as top Asia-US East Coast route
Bruce Barnard, Special Correspondent |
The Panama Canal has ousted the Suez Canal as the leading route for all-water container services between the Far East and the U.S. East Coast.
International ports
Container lines
Volga-Dnepr seals deal for twenty 747-8s for AirBridgeCargo
Bruce Barnard, Special Correspondent |
Volga-Dnepr has sealed a deal with Boeing for the acquisition of 747-8 freighters for the Russian group’s AirBridgeCargo Airlines unit.
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