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Breakbulk Quarterly Intelligence
Platts Containers Update
Reefer Shipments Ripple Through Trade
Stephanie Nall |
Exports of refrigerated goods from the U.S. last year increased 16 percent to 15.5 million metric tons, and economists forecast reefer exports will rise again this year.
Cool Cargo News
Maritime
Forwarding
UPS Launches Expedited Mexico-US Ground Service
William B. Cassidy, Senior Editor |
Package and industrial transportation giant UPS launched an expedited ground freight service linking Mexico and the U.S.
Air Cargo Forwarder News
Boston Gets First Truck Under Clean-Truck Program
Peter T. Leach, Senior Editor |
The first new truck funded by the Massachusetts Port Authority’s Clean Truck program<
Port News
Drayage
LTL Truckers to Build Pricing Power, Analyst Says
William B. Cassidy, Senior Editor |
Trucking companies hauling less-than-truckload freight should be able to hold onto the pricing power they’ve gained over shippers through 2014 at least, increasing rates and yields in 2012 and 2
LTL
Maher Files FMC Complaint Against NY-NJ Port Authority
Joseph Bonney/Senior Editor |
Maher Terminals has filed a Federal Maritime Commission complaint alleging the Port Authority of New York and New Jersey discriminated against Maher by
Port News
Forwarding
Asia-Europe Rates Hold Most of April 1 Gains
Peter T. Leach/Senior Editor |
Westbound Asia-to-Europe spot rates eased slightly this week, but held on to most of the 28 percent jump in
Forwarding
Rate Hikes Push Asia-Europe Carriers Back to Profitability, Bimco Says
Peter T. Leach/Senior Editor |
Container shipping lines have been able to raise Asia-Europe freight rates enough to return them to profitability on the route, according to the latest Bimco Shipping Market Overview.
Forwarding
Foreign Direct Investment Climbs in Korea
Mike King, Special Correspondent |
South Korea attracted far higher foreign direct investment in the first quarter of 2012 as investors positioned to take advantage of the recent U.S.-South Korea free trade agreement (FTA).
Transport, Trade and Regulation News
Lufthansa Cargo Traffic Drops 12.6 Percent
Bruce Barnard, Special Correspondent |
Lufthansa Cargo carried 12.6 percent less freight in March than a year ago as it sharp
Air Cargo Carriers News
Schenker Starts Houston-Dubai LCL Service
JOC Staff |
DB Schenker this month launched a less-than-containerload service from Houston to the Middle East via Dubai to meet growing demand for oil and energy equipment exports.
Maritime
Forwarding
Hapag-Lloyd to Launch New Baltic Service
Peter T. Leach, Senior Editor |
Hapag-Lloyd will launch a new weekly service next month connecting Germany with ports in the Baltic region.
Container lines
Forwarding
Southern California Toll Group Drivers Join Teamsters Union
Bill Mongelluzzo, Associate Editor |
Employee drivers who work for the Toll Group logistics company in Southern California won an historic election Wednesday to become one of the few harbor trucking fleets in the U.S.
Trucking labor
Drayage
MSC Denies Plan for Container Terminal Unit IPO in Singapore
Bruce Barnard, Special Correspondent |
Mediterranean Shipping Co. denied it is weighing plans to spin off its global container terminals unit in an initial public offering in Singapore.
Container lines
Zero-Emission Vehicles Vital for Southern California, Official Says
Bill Mongelluzzo, Associate Editor |
If Southern California is to meet federal pollution reduction standards established for 2030, it appears inevitable that the goods movement industry will have to rely on zero-emission and near zero-em
Logistics Technology News
ILWU Dockworkers Can Honor Clerks' Pickets, Arbitrator Rules
Bill Mongelluzzo, Associate Editor |
The West Coast arbitrator who adjudicates labor disputes involving the International Longshore and Warehouse Union and waterfront employers on Wednesday ruled dockworkers in Los Angeles-Long Beach wou
Longshore labor
Maritime
Forwarding
OOCL Adds LA, Shanghai Calls on Trans-Pacific Run
JOC Staff |
Orient Overseas Container Line will add eastbound calls in Los Angeles and Shanghai to its Pacific Atlantic Express service beginning with the May 9 sailing from Yantian, China.
Container lines
FMCSA Cracks Down on Unsafe Trucking Operators
William B. Cassidy/Senior Editor |
For the third time in as many months, federal regulators shut down an unsafe trucking company, ordering J&A Transportation out of service on April 9.
Transport, Trade and Regulation News
LTL
Army Corps Targets Savannah Depth at 47 Feet, not 48 Feet
Peter T. Leach, Senior Editor |
When the Army Corps of Engineers released final documents Wednesday for the Savannah Harbor Expansion Project, it surprised the industry by calling for dredging the Savannah River to a depth of 47 fee
Port News
Global Semiconductor Sales Decline
Mark Szakonyi, Associate Editor |
International semiconductor sales in February fell 7.3 percent year-over-year and 1.3 percent from January, further illustrating the weak demand plaguing the air cargo industry.
Transport, Trade and Regulation News
Air Cargo Carriers News
CMA CGM Sets ‘Emergency’ Rate Hike in Asia-Europe Trade
Bruce Barnard, Special Correspondent |
CMA CGM has announced an “emergency rate restoration” of $385 per 20-foot container on routes from Asia to Europe and the Mediterranean.
Container lines
Forwarding
Hamburg Plans Traffic Surge After Elbe River Deepening Project
Bruce Barnard, Special Correspondent |
Hamburg is set to sharply increase its share of the fiercely competitive North European container market after a long-delayed plan to
Container lines
Forwarding
Army Corps Releases Final Savannah Deepening Documents
Peter T. Leach, Senior Editor |
The U.S. Army Corps of Engineers released the final documents on Wednesday for the Savannah Harbor Expansion Project for review by state and federal agencies and the general public.
Port News
Transport, Trade and Regulation News
Forwarding
Truckload Driver Turnover Rate Slows
William B. Cassidy, Senior Editor |
Large truckload carriers had a slightly easier time holding onto truck drivers in the fourth quarter, with rising tonnage likely translating into more miles and pay.
Trucking labor
CTS Reports Growth in February Container Trade
Mike King, Special Correspondent |
Container imports to Europe increased 4 percent in February, while exports grew 8.89 percent, according to the latest analysis from Container Trade Statistics.
Forwarding
Vietnamese Container Ship Sinks After Collision
Mark Szakonyi, Associate Editor |
A Vietnamese vessel carrying 60 containers sank off the shore of southern Vietnam after it collided with a Thai ship Tuesday morning, according to reports.
Forwarding
FMC Considers Container Rate Index for Exports
Bill Mongelluzzo, Associate Editor |
The Federal Maritime Commission is interested in exploring a suggestion by agricultural shippers that establishing a container rate index for exports could be beneficial for U.S. shippers.
Forwarding
Horizon Operating Loss Narrows to $6.9 Million
Joseph Bonney, Senior Editor |
Horizon Lines said its fourth quarter loss on continuing operations narrowed to $6.9 million from $33 million a year earlier as
Container lines
Maersk to Raise Cargo Rates Again
JOC Staff |
Maersk Line is implementing a new round of general rate increases on various trade lanes that will take effect in May.
Forwarding
Trans-Pacific Spot Rates Hold Up
Peter T. Leach, Senior Editor |
The general rate increase implemented on March 15 by carriers on the eastbo
Container lines
Forwarding
"K" Line to Enhance Asia-Americas Services
Mike King, Special Correspondent |
"K" Line will upgrade its services linking Asia and Mexico and the west coast of South America ov
Container lines
Canadian Pacific Expects to Triple First Quarter Earnings
Mark Szakonyi, Associate Editor |
Canadian Pacific Railway expects first fiscal quarter diluted earnings per share to be triple that of the same period a year ago, a result that would strengthen the railroad’s position amid a pr
North-American rail
Horizon Cuts Debt, Eliminates Charter Obligation
Joseph Bonney, Senior Editor |
Horizon Lines has completed transactions that reduce the company’s net deb
Container lines
Forwarding
Maryland Fuel Tax Hike Dies in Committee
Mark Szakonyi, Associate Editor |
Maryland Gov. Martin O’Malley’s proposal to raise the state gas tax by 6 percent, or roughly 18 cents, died in committee, dampening the prospects of similar measures in other states.
Japanese Container Trade to Rise 3.3 Percent, Firm Says
Hisane Masaki, Special Correspondent |
Japanese containerized cargo trade will rise 3.3 percent in fiscal 2012, which started on April 1, from fiscal 2011 to 12.8 million 20-foot equivalent units, a Tokyo-based research firm predicted in a
Port News
OOCL Names Tung as New CEO
Peter T. Leach, Senior Editor |
OOCL named Andy Tung, its current chief operating officer, as its new chief executive, succeeding outgoing CEO Philip Chow, as of July 1.
Container lines
Carriers Face $20 Billion Cash Call in 2012, Alphaliner Says
Bruce Barnard, Special Correspondent |
Ocean carriers could face a short-term funding call of up to $20 billion in 2012 as they are not generating sufficient cash to cover interest payments and meet capital requirements, according to conta
Container lines
3.2 Percent Rise Forecast in April Retail Container Traffic
JOC Staff |
Import cargo volume at the nation’s major container ports is expected to increase 3.2 percent in April compared to the same month last year, and year-over-year gains should continue through the
Forwarding
YRC Freight Implements Network Changes
William B. Cassidy, Senior Editor |
YRC Freight implemented two changes of operations over the April 7 weekend, reconfiguring its terminal network to speed freight and reduce handling.
LTL
Trucking labor
British Airways-Iberia Cargo Volume Slips 2.9 Percent
Bruce Barnard, Special Correspondent |
International Airlines Group, the merged British Airways-Iberia carrier, reported cargo traffic down 2.9 percent in March as an 11.2 percent decline at the Spanish airline outweighed a 0.9 percent dro
Air Cargo Carriers News
Air France-KLM Cargo Volume Dipped in March
Bruce Barnard, Special Correspondent |
Air France-KLM carried 3.4 percent less cargo in March than a year ago as traffi
Air Cargo Carriers News
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