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UASC to Hike Europe-India Freight Rates
JOC Staff |
United Arab Shipping will apply a general rate increase on the eastbound trade from North Europe to the Indian Subcontinent and the Arabian Gulf, starting Sept. 15.
Forwarding
Hapag-Lloyd Hikes Atlantic Rates
Joseph Bonney |
Hapag-Lloyd announced general rate increases, effective. Oct. 1, for shipments between the U.S., Canada and Mexico and North Europe and the Mediterranean.
Container lines
Maritime
Forwarding
Bulk Rail Traffic Hits New 2011 High
John D. Boyd |
Bulk carload traffic at major North American railroads rose 2.8 percent in week ending Aug. 20 from a week earlier, setting a new volume peak for 2011.
North-American rail
Rail News
Intermodal Rises, Outpaces Year-Ago Volume
John D. Boyd |
Major railroads in the U.S., Canada and Mexico picked up 1.3 percent more intermodal containers and trailers last week than the week previous, for their second-highest total of 2011.
Intermodal providers
Rail News
North-American rail
OOCL Names Devine Corporate Logistics Director
JOC Staff |
Orient Overseas Container Line named Paul Devine, a longtime sales executive in the carrier’s North America business, to be the new general manager for corporate logistics at OOCL’s Hong K
Container lines
CN Moves Near-Record Grain Loads
John D. Boyd |
The grain crop marketing year that ended July 31 was one of the strongest on record for Canadian National Railway’s export volume to the West Coast ports of Vancouver and Prince Rupert.
North-American rail
Rail News
UPS Adds 100 All-Electric Vehicles
Mark Szakonyi |
UPS added 100 all-electric delivery vehicles for deployment in California, bolstering its fleet of more than 2,200 alternative fuel vehicles and tripling its electric transport fleet.
Trucking News
Air Cargo
LTL
Changi Airport Profit Jumps to $278 Million
JOC Staff |
The operating company that runs Singapore Changi Airport says it earned a $278 million profit in the fiscal year ending in March, helped by a 13 percent gain in revenue that was pumped up by a growing
Air Cargo Forwarder News
Air Cargo
Toll Annual Profit Rose 1 Percent to $281 Million
Mike King |
Toll Group’s net profit in the fiscal year June 30 rose 1 percent year-over-year to $281 million, as the Australia-based logistics firm was hurt by an economic slowdown in its home country, part
International ports
Air Cargo
Pacific Ports Say Import Diversion Strains Exporters
Bill Mongelluzzo |
U.S. port officials in the Pacific Northwest, saying higher taxes are partly behind the loss of business to Canada, are urging grain shippers to support efforts to change federal cargo fees.
Port News
Forwarding
North American ports
Zim Swings to $68 Million Loss
Bruce Barnard |
Zim Integrated Shipping Services swung to a $68 million net loss in the second quarter from a $3 million profit a year ago, as lower ocean freight rates offset increased container volume.
Container lines
Maritime
Forwarding
ATA Seeks Veto of NY-NJ Toll Increase
Joseph Bonney |
The head of the American Trucking Associations wants Govs.
Port News
Maritime
Trucking News
Transport, Trade and Regulation News
Forwarding
DP World Boosts Profit 36 Percent
Bruce Barnard |
DP World boosted first half after-tax profit by 36 percent from a year ago to $281 million, as the global port operator benefited from
Port News
Maritime
Forwarding
Asia Air Freight Outlook Turns Negative
Mike King |
Freight traffic for Asia-Pacific airlines fell for the fourth straight month in July, a 4 percent decline that has air carriers viewing the rest of 2011 with growing pessimism.
Air Cargo Forwarder News
Air Cargo Carriers News
Semiconductor Sales Rise 3.7 Percent
Mark Szakonyi |
Semiconductor sales in the first half of 2011 grew 3.7 percent from the same period a year ago, although sales dipped 1.5 percent between May and June, said Semiconductor Industry Association.
Transport, Trade and Regulation News
Air Cargo Carriers News
Air Cargo
Cosco Pacific Profit Jumps 71 Percent
Joseph Bonney |
Cosco Pacific’s first half gross profit jumped 71 percent to $119.3 million as the Hong Kong-listed company posted sharply improved results from its terminal operations and container leasing, ma
Port News
Maritime
Forwarding
INTTRA Business Grows 18.8 Percent
Mark Szakonyi |
INTTRA.
Forwarding
Maritime
Averitt Express Adds Warehouse Capacity
Mark Szakonyi |
Averitt Express added 73,150-square-feet of warehouse space in Georgia, North Carolina and Texas, as it joins other less-than-truckload carriers in
LTL
Trucking News
ProLogis Sells 13 Warehouses to Clarion
JOC Staff |
Logistics real estate provider ProLogis, adjusting its holdings after merging with AMB Property, says it will sell 13 warehouse properties across the United States to Clarion Partners for $118 million
Industrial Real Estate News
North Carolina Ports to Close Friday as Hurricane Nears
Mark Szakonyi |
North Carolina’s ports of Wilmington and Morehead City will close noon Friday as the coast braces for the impact of Hurricane Irene and the 115 miles-per-hour winds expected to hit landfall abou
Port News
Maritime
Forwarding
North American ports
NYCT’s Devine Seeks Toll Discount for Trucks
Joseph Bonney |
The top executive at New York Container Terminal on Staten Island is urging the Port Authority of New York and New Jersey to provide a frequent-user discount for truckers whose bridge tolls will more
Port News
Maritime
Transport, Trade and Regulation News
Container lines
Forwarding
Railroads Get $7.7 Million in Security Grants
R.G. Edmonson |
Four small railroads and seven Class I carriers received $7.7 million in security grants from the Department of Homeland, a $6.8 million decrease from the
Transport, Trade and Regulation News
Rail News
North-American rail
US Ports Get $235 Million for Security
R.G. Edmonson |
U.S. ports received $235 million in security grants through the Department of Homeland Security’s annual program, a $15 million drop from the year before, the agency announced Wednesday.
Transport, Trade and Regulation News
Maritime
Durable Goods Orders Rise 4 Percent
Joseph Bonney |
Surging orders for aircraft and automobiles offset tepid investment in other products to produce a 4 percent gain in new orders for durable goods, the Commerce Department said.
Transport, Trade and Regulation News
Roadrunner Buys Freight Broker Prime Logistics
Mark Szakonyi |
Roadrunner Transportation Systems said will buy freight Prime Logistics for $97.5 million, as one the fastest gro
Truck brokers
Trucking News
LTL
Port of Tacoma Exports Jump 23.5 Percent
Joseph Bonney |
A 23.5 percent rise in exports pushed the Port of Tacoma’s loaded container volume up 10 percent in July from the same period a year ago.
Port News
Maritime
Forwarding
Clarksons Profit Down 8 Percent
Bruce Barnard |
Clarksons, the world’s largest shipbroker, saw its first half pretax profit fall 8 percent to $22.3 million from the same period a year ago, largely due to lower freight rates and an unfavourabl
Forwarding
Maritime
Container lines
Russia's Port of Murmansk Selling for $700 Million
Bruce Barnard |
Russia’s northwestern port of Murmansk has been put up for sale with a price tag of around $700 million.
Port News
Forwarding
Qantas Freight Profit Soars 48 Percent
Mike King |
An improved market and extra capacity boosted Qantas Freight’s earnings before interest and taxes by 48 percent year-over-year to $62 million in the financial year ending June 30.
Air Cargo Forwarder News
Air Cargo Carriers News
Air Cargo
ICTS Offers Alternative to Congested Chennai
Mike King |
Beleaguered shippers facing delays and congestion surcharges at the India’s Port of Chennai will have an alternative gateway in January.
Port News
Maritime
Container lines
Forwarding
Grain Exporters Face Tight Container Supply
Bill Mongelluzzo |
Grain shippers in the upper Midwest could once again struggle to get containers later this year, says an equipment lessor, if the peak shipping season in the eastbound Pacific is disappointing and the
Forwarding
APL, Hamburg Sud Launch Latin America VSA
Joseph Bonney |
APL and Hamburg Sud will cooperate in a vessel-sharing agreement linking the West Coast of South America with Central American ports and connecting with the carriers’ linehaul services.
Container lines
Maritime
Forwarding
States Warn DC Battle Imperils Highway Projects
R.G. Edmonson |
State transportation officials are warning if Congress fails to renew the government's authorization to collect fuel taxes for the Highway Trust Fund, infrastructure projects around the country will g
Transport, Trade and Regulation News
India's Port of Chennai Truck Strike Ends
JOC Staff |
Container truck drivers at India’s Port of Chennai ended their strike Tuesday night following intense negotiations between the strikers, port-terminal officials and trade representatives.
Port News
Maritime
Forwarding
Memphis Air Cargo Hits Highest Level Since March
JOC Staff |
Cargo traffic at Memphis International Airport grew 2.1 percent in June from the same month a year ago, an uptick that provided signs of life in the U.S. air express market.
Air Cargo Carriers News
Air Cargo
Truck Tonnage Falls 1.3 Percent
Mark Szakonyi |
For-hire truck tonnage fell 1.3 percent in July after rising a revised 2.6 percent in June, indicating growth will
Truckload
Trucking News
Toll Hikes Spur APL To Shift Calls From NYCT
Joseph Bonney |
APL will shift its port calls from New York Container Terminal on Staten Island to Maher Terminals in Elizabeth, N.J., next July in a move reportedly influenced by rising tolls at the Port Authority o
Container lines
Maritime
Forwarding
Cosco Rival Executive Replaces Wei as CEO
Joseph Bonney |
China Cosco Group named Ma Zehua, vice president at rival China Shipping Group, as CEO, succeeding Wei Jiafu, according to Dow Jones Newswires.
Container lines
Maritime
Forwarding
Truck Strike Halts Chennai Container Traffic
JOC Staff |
The congestion at cargo terminals in India’s Port of Chennai that has plagued ocean carriers and shippers over the past two months is set to worsen in the coming weeks because of another wildcat
Port News
Maritime
Container lines
Forwarding
DOT Scales Back Train Automation Requirement
John D. Boyd |
Freight railroads will have to deploy expensive automation systems on far less track than earlier proposed under a new version of a positive train control requirement issued Tuesday by the Department
North-American rail
Rail News
Transport, Trade and Regulation News
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