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Platts Containers Update
US Container Exports Grew 2.3 Percent in January
Peter T. Leach, Senior Editor |
U.S. containerized exports increased modestly in January as solid growth in Asian markets was partially offset by losses in European markets. Overall U.S.
Forwarding
Maritime
Hapag-Lloyd Plans Europe-Asia Fuel Surcharge
JOC Staff |
Hapag-Lloyd will impose an “interim fuel participation” surcharge on Europe-Asia trade lanes to cover rising bunker costs.
Container lines
Forwarding
NY-NJ Port Authority Submits Bayonne Bridge Plan for Fast US Review
Peter T. Leach, Senior Editor |
The Port Authority of New York and New Jersey on Friday submitted to federal officials a formal request that the Bayonne Bridge "Raise the Roadway" project be considered for expedited review
Port News
Maritime
Container lines
Forwarding
North American ports
Shipping Confidence Up on Rate Expectations, Survey Finds
Peter T. Leach, Senior Editor |
Overall confidence levels in the shipping industry increased slightly in the three months ended February 2012, reaching its highest level since May 2011, according to the latest Shipping Confidence Su
Container lines
Maersk CEO Andersen Faces More Surgery
Peter T. Leach, Senior Editor |
A.P. Moller-Maersk CEO Nils Smedegaard Andersen will remain on sick leave another six to eight weeks pending further surgery to fix a heart problem, the Danish group said Monday.
Container lines
Maritime
Forwarding
Japan, Canada Agree to Launch FTA Talks
Hisane Masaki, Special Correspondent |
Japan and Canada have formally agreed to launch negotiations on a bilateral free trade agreement (FTA) to eliminate import tariffs on most products and strengthen overall economic relations.
Transport, Trade and Regulation News
Can James Welch Save YRC?
William B. Cassidy, Senior Editor |
When a news headline last week declared YRC Worldwide was “back at (the) brink” of the default and bankruptcy filing it narrowly avoided in late 2009, nerves quickly frayed at the long-tro
LTL
Trucking News
Banking on an Extension
R.G. Edmonson, Associate Editor |
An electronics manufacturer in Singapore last year wanted 25,000 wire forms to be used in one of its products, and it needed them fast.
Transport, Trade and Regulation News
Maritime
Forwarding
NY-NJ's Global Reach
Peter T. Leach, Senior Editor |
By the middle of 2014, the Port of New York and New Jersey will have a container terminal able to handle ships carrying 10,000 20-foot equivalent container units.
Port News
Maritime
Forwarding
States Push for Higher Fuel Taxes
Mark Szakonyi, Associate Editor |
While the Senate pats itself on the back for passage of a mere two-year surface transportation bill, a handful of states are pushing what most of their federal brethren decry as infeasible: fuel tax h
Transport, Trade and Regulation News
Learning From Chile
Alan M. Field |
No one is more delighted about the impact of 2004’s U.S.-Chile Free Trade Agreement of 2004 than Tom Tjerandsen, North American managing director of the Chilean Fresh Fruit Association.
Maritime
Transport, Trade and Regulation News
Forwarding
Providing Southern Comfort
Bill Mongelluzzo, Associate Editor |
When automobile manufacturer Fiat in 2010 announced plans to build a $1.8 billion plant in northeastern Brazil, CEVA, a global non-vessel-operating common carrier and third-party logistics provider, s
Transport, Trade and Regulation News
'Freight Is Not a Dirty Word'
William B. Cassidy, Senior Editor |
When he arrived in Overland Park, Kan., last July, James Welch began his plan to restart YRC Worldwide by cleaning house at the holding company, starting at the top.
LTL
Trucking News
Driving Ambition
William B. Cassidy, Senior Editor |
When Steve Russell buys a trucking company, it’s not because he wants trucks.
Truckload
Trucking News
Trucking labor
Rail Renaissance Rides South
Mark Szakonyi, Associate Editor |
Mexico’s rail industry is poised for growth, especially in intermodal shipments.
North-American rail
Rail News
Transport, Trade and Regulation News
Bogota or Bust
Alan M. Field |
In the fashionable neighborhoods of Bogota, the gourmet restaurants, lively nightclubs and luxurious hotels are brimming with foreign executives eager to sign trade and investment deals in South Ameri
Maritime
Transport, Trade and Regulation News
Forwarding
Korea's Beef and Booze Boom
R.G. Edmonson, Associate Editor |
Next time you’re dining out in Seoul, have a good steak and wash it down with a shot of Jack Daniel’s, compliments of U.S. exporters.
Transport, Trade and Regulation News
Maritime
Forwarding
ODFL Opens Oakland Drayage Center
William B. Cassidy, Senior Editor |
Trucking company Old Dominion Freight Line opened a drayage facility in Oakland, Calif., expanding its container-hauling business to meet higher demand.
Drayage
Chinese New Year Hits Tacoma Volumes
Bill Mongelluzzo, West Coast Editor |
Container volumes at the Port of Tacoma declined 2.2 percent in February compared to the same month last year.
Port News
Container lines
Forwarding
Reinventing YRC: Q&A With CEO James Welch
William B. Cassidy, Senior Editor |
Journal of Commerce Senior Editor William B. Cassidy interviewed YRC Worldwide CEO James P.
LTL
FedEx to Pay $3 Million to Settle Bias Claims
William B. Cassidy, Senior Editor |
FedEx will pay $3 million to more than 21,000 rejected job applicants to settle allegations of hiring discrimination, the Labor Department said Thursday.
Air Cargo Carriers News
Air Cargo Forwarder News
Rail Intermodal Shipments Up 2 Percent for Week
Mark Szakonyi, Associate Editor |
U.S. intermodal rail shipments in the week ending March 17 rose 2 percent year-over-year, and traffic was flat on a week-to-week basis, according to the Association of American Railroads.
North-American rail
Maersk Sets New Round of Far East Rate Hikes
JOC Staff |
Maersk Line is implementing a new round of general rate increases in its Far East Asia services, starting April 15.
Container lines
Forwarding
FEC Industries to Add Passenger Rail in Florida
William B. Cassidy, Senior Editor |
Florida East Coast Industries will launch a private passenger rail service linking South Florida and Orlando in 2014, the real estate and transportation company said Thursday.
Rail News
Sunteck Transport Parent Boosts Sales, Profit
William B. Cassidy, Senior Editor |
More transportation services and a bigger agent network helped logistics operator AutoInfo increase gross revenue 14.4 percent to $320 million
Truck brokers
Seaway Season Opens With New Trade Patterns
Courtney Tower, Special Correspondent |
Coal from the Powder River Basin in Montana and Wyoming, and iron ore from the U.S.
Container lines
Forwarding
Maersk Suspends All North Europe-Asia Bookings
Bruce Barnard, Special Correspondent |
Maersk Line has suspended bookings on its North Europe-to-Asia services effective immediately as it battles to clear up a backlog of containers at clogged European terminals.
Container lines
Forwarding
Australia to Consider Bill Removing Shipping Tax
Peter T. Leach, Senior Editor |
Australia’s government will introduce legislation in the lower house of Parliament Friday to remove a tax on domestic shipping companies in an effort to counter a 40 percent decline in the natio
Forwarding
G6 Alliance to Skip Gdansk Calls on Loop 3
Peter T. Leach, Senior Editor |
The G6 Alliance’s Loop 3 Asia-Europe service will not include a call at the port of Gdansk, Poland, OOCL said Friday.
Container lines
Forwarding
Fraying at the Beams
Peter T. Leach, Senior Editor |
When it came time to impose the Transpacific Stabilization Agreement’s recommended March 15 rate increase, the 15 member carriers took different approaches.
Forwarding
Maritime
Container lines
Split Decision - for Now
Marsha Salisbury, Research Editor |
In the battle for dominance in the U.S. container shipping trades, Mediterranean Shipping Co. didn’t deliver a knockout, winner-take-all punch, but it sure came close.
Container lines
Maritime
Forwarding
Ocean Carriers' Big Splash
Peter Tirschwell |
What’s going on with the world’s container carriers? Maersk Line and other large carriers say they’re no longer seeking additional market share.
Maritime
Container lines
Forwarding
Nippon Express US Unit Invests in Colombian Firm
Hisane Masaki, Special Correspondent |
Nippon Express Co., Japan’s largest international freight forwarder, said that its U.S. subsidiary has formed a capital alliance with Colombia’s Map Cargo S.A.S.
Air Cargo
BNSF Rates Unfair, Captive Shippers Tell STB
Mark Szakonyi, Associate Editor |
Shippers on Thursday got their shot to tell the Surface Transportation Board that it’s unfair for them to pay higher rates to BNSF Railway because of the $8.1 billion premium Berkshire Hathaway
North-American rail
DHL Express Adds Hong Kong-LA Freighter
William B. Cassidy, Senior Editor |
DHL Express is expanding next-day package service between Asia and the U.S. and Western Canada with a new flight connecting Hong Kong and Los Angeles.
Air Cargo Forwarder News
US Manufacturing ‘on Track’ for Growth, Report Says
Joseph Bonney, Senior Editor |
U.S.
Transport, Trade and Regulation News
Spot Rates Ease in Asia-Europe Trade
Peter T. Leach, Senior Editor |
Average spot prices in the Asia-Europe trade slid this week for the third consecutive week following the huge March 1 general rate increase implemented by carriers in the trade.
Forwarding
Maritime
Container lines
Lufthansa to Sell Jade Cargo Stake
Bruce Barnard/Special Correspondent |
Lufthansa Cargo plans to sell its 25 percent stake in Jade Cargo International, the China-based carrier that grou
Air Cargo Carriers News
APM Terminals Gets Green Light on Moin Project
Bruce Barnard, Special Correspondent |
Costa Rica gave the final go-ahead for APM Terminals’ 33-year concession to build and operate a $992 million container terminal at the Caribbean port of Moin.
Port News
Forwarding
Costamare to Sell 7.5 Million Shares, Purchase Ships
Bruce Barnard, Special Correspondent |
Container ship charter owner Costamare said proceeds from the sale of 7.5 million shares in a secondary offering on the NYSE will be used to acquire ships and repay debt.
Container lines
Forwarding
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