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Teamsters Candidates Debate, Without Hoffa
William B. Cassidy |
Candidates for top office in the Teamsters union battled over the fate of multiemployer pension plans, jobs and organizing and concessions to employers Sept.
Trucking labor
Trucking News
Mitsui Acquires Portek For $179 Million
Hisane Masaki |
Major Japanese trading house Mitsui & Co.
Port News
Maritime
Senate Panel Passes Highway Bill Extension
John D. Boyd |
The Senate Environment and Public Works Committee voted Thursday to extend surface transportation programs through Jan.
Transport, Trade and Regulation News
Bulk Rail Traffic Hits 22-Week High
John D. Boyd |
Bulk freight shipments on major North American railroads rose 1.4 percent last week to the highest level since April 2, with gains across a wide range of cargoes.
North-American rail
Rail News
US Transport Security Improvements Since 9/11
Dana L. Brundage |
The terrorists attacks of September 11 forced the U.S. government to take a closer look at not only the security risks facing their airspace, but at its ports, railroads and highways as well.
Transport, Trade and Regulation News
Air Cargo Forwarder News
Trucking labor
ILWU Protest Closes Ports of Seattle, Tacoma
Bill Mongelluzzo |
ILWU protestors clash with police near a controversial grain terminal in Longview, Wash.
Port News
Maritime
North-American rail
Trans-Pacific Benchmark Rate Drops 11 Percent
Peter T. Leach |
The average spot rate for shipping a container from China to the U.S. West Coast fell 11 percent in the past week amid slumping U.S.
Forwarding
Maritime
Swift Fails to Block Class-Action Suit
William B. Cassidy |
The Arizona Supreme Court cleared the way for a driver lawsuit against Swift Transportation that could have big ramifications for how trucking companies pay drivers.
Trucking labor
Trucking News
Moody's Downgrades CMA CGM Outlook
Bruce Barnard |
Moody’s downgraded CMA CGM a day after Standard & Poors lowered its credit rating for the French oc
Container lines
Maritime
Cooling-Off Period Starts for Most US Rail Labor
John D. Boyd |
A cooling-off period that starts today could soon lead to presidential intervention in contract disputes between 11 national rail unions and the largest U.S.
North-American rail
Rail News
Lufthansa Cargo Charter Expands in Canada
Bruce Barnard |
Lufthansa Cargo Charter boosted its presence in North America by signing an agreement with Airline Network Services, a U.S.-based general sales agent, to cover the Canadian market.
Air Cargo Carriers News
Air Cargo
US Exports Hit Record High, Imports Fall
Mark Szakonyi |
A surge in July sales of American motor vehicles, industrial equipment and aircraft pushed U.S.
Transport, Trade and Regulation News
FedEx Considers Orders for 50 Freighters
Bruce Barnard |
FedEx is mulling buying up to 50 widebody freighters from Boeing and Airbus to update its aging fleet, according to a report by Bloomberg.
Air Cargo Carriers News
Air Cargo
OOCL Reduces Emerging Market Currency Risk
Peter T. Leach |
OOCL is minimizing the accumulation of currencies in emerging markets to reduce its foreign-exchange risks, because hedging costs are higher in these more-restricted markets, an executive said Thursda
Container lines
Maritime
Somali Pirates Free MSC Panama
JOC Staff |
Somali pirates released the MSC Panama container ship this week after reportedly receiving a $7 million ransom for the vessel, according to published reports.
Container lines
Forwarding
Irene Cost CSX $10 Million to $15 million
Joseph Bonney |
Hurricane Irene cost the CSX about $10 million to $15 million in damage and lost business but the railroad expects to make up some of the losses, an executive said.
North-American rail
Wal-Mart Expects 'Flatter' Peak Season
Joseph Bonney |
Wal-Mart is “guardedly optimistic” about the rest of 2011 but sees a trend toward a “flatter” peak season for holiday shipments, said Kelly Abney, the retailer’s vice pre
International ports
Forwarding
North-American rail
Shippers Say Rail Service Deteriorating
Joseph Bonney |
Rail service has slipped because of bad weather and cost-cutting that have left railroads without enough train crews to operate trains or switch railcars frequently, shippers told an investment bank c
International ports
North-American rail
West Coast Container Traffic Falls 3 Percent
Bill Mongelluzzo |
The July container volume at West Coast ports fell 3 percent compared to July 2010, despite another strong showing in exports.
Port News
Forwarding
North American ports
Boeing: China Needs 5,000 New Planes By 2030
Mark Szakonyi |
China will need 5,000 new commercial planes valued at $600 billion by 2030 as the country becomes the second-largest aircraft market after the U.S., aircraft manufacturer Boeing said Wednesday.
Air Cargo Forwarder News
Air Cargo
Wolfe Trahan Downgrades 2012 Earnings
William B. Cassidy |
Wall Street research firm Wolfe Trahan Group is reducing its estimates for transportation earnings per share as economic headwinds gain strength.
Rail News
Maritime
Trucking News
Air Cargo
Obama Nominates Khouri to Full FMC Term
Bob Edmonson |
President Obama nominated Michael A. Khouri to a full term on the Federal Maritime Commission.
Transport, Trade and Regulation News
Transportation Job Openings Jump 33 Percent
William B. Cassidy |
The July figures from the Labor Department included 551,000 job openings in trade, transportation and utilities industries, a 33 percent increase from a year ago.
Trucking labor
FMC Extends TSA and WTSA Oversight
Bob Edmonson |
The Federal Maritime Commission extended by seven months its oversight of carriers involved in the Transpacific Stabilization Agreement and Westbound Transpacific Stabilization Agreement.
Container lines
Maritime
Transport, Trade and Regulation News
Forwarding
Changes Asked by Maersk CEO Will Take Years
Peter T. Leach |
The changes in container industry practices called for by Maersk Line CEO Eivind Kolding will take years, according to shippers and Maersk Line who are getting ready discuss a new way to do business i
Forwarding
ILWU Defies Court Order in Longview, Wash., Picketing
Bill Mongelluzzo |
The International Longshore and Warehouse Union vowed to maintain its pickets at a newly built grain terminal in Longview, Wash., despite a temporary restraining order issued by a federal judge in Tac
Longshore labor
Maritime
Rail News
North-American rail
Air France-KLM, BA-Iberia Cargo Traffic Slips
Bruce Barnard |
Air France-KLM’s cargo traffic fell 0.2 percent in August, as gains on Americas services were outweighed by lower volume on Asia-Pacific routes.
Air Cargo Carriers News
Air Cargo
NYK Plans $325 Million Bond Issue
Peter T. Leach |
NYK Line plans to issue $325 million of bonds maturing in 2021 with a 1.218 percent coupon, the carrier’s lowest for a 10-year security since February 2003, according to Bloomberg.
Container lines
Maritime
Forwarding
S&P Downgrades CMA CGM Outlook
Bruce Barnard |
Standard & Poors downgraded its outlook for CMA GCM to negative and affirmed its B+ plus rating on the French ocean carrier’s debt.
Container lines
Maritime
Forwarding
BNSF’s Rose Says Tax Changes Needed
Peter Gartrell |
BNSF Railway Chairman and CEO Matt Rose believes the best way to get U.S.
Transport, Trade and Regulation News
Rail News
North-American rail
Landstar Says Freight Demand Still Strong
William B. Cassidy |
Weakening economic conditions haven’t slowed trucking giant Landstar System, which says it gained truckload freight and raised rates in July and August.
Truckload
Trucking News
Boxer Files Highway Trust Fund Extension
JOC Staff |
Sen.
Transport, Trade and Regulation News
Air Cargo
Postmaster General Pleads to Senate for Relief
Mark Szakonyi |
U.S.
Trucking News
Transport, Trade and Regulation News
Air Cargo
Class 8 Truck Orders Jump in August
William B. Cassidy |
Class 8 truck orders rebounded in August, despite dire predictions for the U.S. economy, according to preliminary figures from two research groups.
North-American rail
Trucking News
Saddle Creek Names DelBovo Transport President
Mark Szakonyi |
Saddle Creek promoted Mike DelBovo, a 14-year company veteran, to the new position of president of transportation at the contract logistics operator.
International ports
Trucking News
LTL
JOC Economist Cuts US Import Forecast
Joseph Bonney |
Weakening economic conditions led Journal of Commerce Economist Mario O. Moreno to lower his forecast for U.S.
Forwarding
Maritime
Container lines
CMA CGM To Call on India's Port of Cochin
JOC Staff |
CMA CGM added a direct call at the Vallarpadam International Container Transshipment Terminal, a DP World facility in India’s Port of Cochin, to its North Europe-Mediterranean-Oceania service.
Container lines
Maritime
Forwarding
McDonalds to Add 700 Stores in China by 2013
JOC Staff |
McDonalds’ plan to add more than 700 restaurants in China by 2013 signals the growing market for cold chain logistics providers.
International ports
Consultant Forecasts Better 2012 for Ship Lines
Joseph Bonney |
Container shipping will wrestle with excess capacity through 2011 but vessel supply and demand should come into better balance in 2012, said consultant Philippe Hoehlinger.
Container lines
Maritime
Forwarding
Chamber Offers Trade, Transport Jobs Plan
John D. Boyd |
The U.S. Chamber of Commerce sent President Obama and Congress a detailed list of job-creation measures it supports, with a heavy focus on taking steps to expand U.S.
Transport, Trade and Regulation News
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