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Platts Containers Update
Railroads Work Through Storm Impact
John D. Boyd |
Severe spring storms are hampering freight transportation in the Midwest, as several major railroads closed tracks from as far south as Texas to as far north as Canada.
Rail News
North-American rail
Shipping Group to Set Electronic Payment Standards
Peter T. Leach |
INTTRA, an electronic booking portal for the ocean freight industry, formed a new advisory board with its customers to set standards for electronic payments.
Logistics Technology News
Container lines
Forwarding
Rotterdam Container Traffic Jumps 10 Percent
Bruce Barnard |
Container traffic in Rotterdam grew 10 percent in the first quarter of 2011 from a year ago, driven mainly by strong growth in trade with Asia and a recovery in intra-European shipments.
Port News
Maritime
Forwarding
Consumer Confidence Index Inches Up
Joseph Bonney |
A widely watched gauge of U.S. consumer confidence edged up last month and continues to suggest a slowly improving economy, despite a continued soft real estate market and high unemployment rates.
Transport, Trade and Regulation News
Seaspan Takes Delivery of 8,500-TEU Ship
Joseph Bonney |
Container ship owner-lessor Seaspan took delivery of the 8,500-TEU Cosco Vietnam from South Korea’s Hyundai Heavy Industries.
Container lines
Maritime
Forwarding
UPS Signals Strong Outlook on 66 Percent Profit Gain
JOC Staff |
UPS’s profit soared 66 percent in the first quarter to $885 million, and the parcel giant issued a glowing outlook for the full year on Tuesday, raising its earnings projections 24 percent to record a
Air Cargo Forwarder News
Air Cargo
Air Cargo Carriers News
APM Terminals Eyes Russian Port Investment
Peter T. Leach |
APM Terminals is considering investing in a new Baltic Sea port in the Kaliningrad region of Russia, according to Russian government press material.
Port News
Forwarding
French Ports Reform Starts Next Week
Bruce Barnard |
The hard-fought reform of French ports takes effect next week amid optimism the nation’s container hubs can win back traffic lost to foreign rivals during years of industrial unrest.
Port News
Maritime
Forwarding
Emirates Adds Intra-Asia Service
Joseph Bonney |
Emirates Shipping Line will join Hyundai Merchant Marine and STX Pan Ocean in the NIS intra-Asia service, which links Korea, China, Vietnam, Singapore and Indonesia.
Container lines
Maritime
Forwarding
Container Ships Set Record for Capacity Growth
Bruce Barnard |
Record deliveries of container ships in the next few months likely will add further down pressure on ocean freight rates and reverse the rally in vessel charter rates, according to Alphaliner.
Forwarding
Sea Star, Crowley Confirm Antitrust Payouts
Joseph Bonney |
Sea Star Line and Crowley Maritime will proceed with their parts of a settlement in which they and Horizon Lines agreed to pay shippers a total of $52.25 million to settle allegations of price-fixing
Container lines
Maritime
Forwarding
Diesel Slips to $4.098 per Gallon
Thomas L. Gallagher |
Retail diesel prices slipped seven-tenths of a cent to an average of $4.098 per gallon last week, according to the U.S. Energy Information Administration.
Trucking News
US NVO to Offer Container Swaps
Joseph Bonney |
TBB Global Logistics said it will offer container freight swap agreements through an agreement with ICAP Logistics, a broker for the freight-futures contracts.
Maritime
Forwarding
Forward Air Profit Soars in First Quarter
William B. Cassidy |
Forward Air more than doubled its profit in the first quarter, raising net income 132.4 percent year-over-year to $7.9 million.
Judge Bars Forwarder in FMC Case
R.G. Edmonson |
A federal judge in Atlanta on April 15 issued a preliminary injunction to curtail operations by Savannah-based freight forwarder Indigo Logistics.
Maritime
Forwarding
Biggest Ro-Ro Ship Calls at Brunswick
Peter T. Leach |
The world’s largest roll-on, roll-off vessel, the Tonsberg, called at Georgia’s Port of Brunswick Monday with a load of heavy-lift project cargo.
Maritime
Forwarding
Shipper Sees Large 3Q Hit From Japan Disaster
John D. Boyd |
Milwaukee-based shipper Johnson Controls said it expects to take a $500 million hit on revenue during its April-June quarter from automotive manufacturing disruptions in Japan and at Japanese original
Transport, Trade and Regulation News
Forwarding
ABF Freight Reports $22.6 Million Loss
William B. Cassidy |
ABF Freight Systems increased revenue and tonnage by double digits in the first quarter, but fuel prices and weak pricing contributed to a $22.6 million loss.
Trucking News
LTL
St. Louis Airport Recovers From Tornado
Thomas L. Gallagher |
Lambert-St.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
YRC Declares Progress on Restructuring
William B. Cassidy |
Trucking giant YRC Worldwide said it is making "significant progress" toward completing key steps in its restructuring plan before an April 29 deadline.
Trucking News
LTL
Trucking labor
UASC Hikes India-Europe Rates
JOC Staff |
United Arab Shipping Company announced a general rate increase on the westbound trades from India to Europe and the Mediterranean, the second GRI this year.
Container lines
Maritime
Forwarding
Widdows to Retire From NOL, Ng Named Successor
Peter T. Leach |
Ron Widdows, a prominent leader of the global container industry, will retire as group president and chief executive officer of Neptune Orient Lines, NOL Group announced Monday.
Maritime
Container lines
Forwarding
Shanghai Port Trucking Stoppages Ease
JOC Staff |
A five-day-old trucker strike at the Port of Shanghai eased significantly over the weekend following intervention by the mayor and a series of concessions offered to drivers, including a rollback of f
Port News
Forwarding
Trucking labor
Marad Approves $240 Million Title XI Guarantee
R.G. Edmonson |
The Maritime Administration on Friday gave final approval to a Title XI loan guarantee for a $240 million, five-vessel export deal.
Port News
Sen. Ensign Resigns, Leaves Surface Transport Post
John D. Boyd |
The resignation of Sen.
Transport, Trade and Regulation News
Customs Reminds Travelers of Banned Chocolate Egg
R.G. Edmonson |
U.S. Customs and Border Protection is reminding travelers that a toy that’s popular on Easter in the rest of the world is banned in the U.S., and subject to seizure at the border.
Transport, Trade and Regulation News
Workers to Rally Against Pacific Maritime Association
Bill Mongelluzzo |
Labor activists in Northern California will hold a rally Monday in front of the Pacific Maritime Association headquarters in San Francisco to protest a court action earlier this month that was initiat
Longshore labor
Forwarding
Fuel Costs Cut Knight Transportation Profit
Dana L. Brundage |
Trucking giant Knight Transportation's net profit fell 19.5 percent in the first quarter from the same period a year ago to $9.9 million as rising fuel and other operating costs&nb
Trucking News
Italy Takes Over Mafia-Run TNT Subcontractors
Bruce Barnard |
Italy's Justice Ministry took over the operation of six TNT Global Express subcontractors that have been infiltrated by a mafia organization.
Air Cargo Forwarder News
Transport, Trade and Regulation News
Japan to Launch Ship Radiation Checks April 28
Hisane Masaki |
Japan will conduct radiation checks on ships and containers leaving three main international ports in and near Tokyo beginning April 28, the Ministry of Land, Infrastructure, Transport and Tourism ann
Transport, Trade and Regulation News
Maritime
Container lines
Forwarding
Werner Profit Jumps 50 Percent on Tight Capacity
JOC Staff |
Werner Enterprises saw its net profit surge 50.3 percent in the first quarter over the same quarter a year ago to $16.3 million as freight demand picked up momentum in the Midwest amid tight capacity
Truckload
Trucking News
USA Truck Loses $2.7 Million Despite Revenue Growth
JOC Staff |
Truckload carrier USA Truck lost $2.7 million in the first quarter despite a 17.4 percent surge in overall revenue to $124 million as tougher operating conditions and higher fuel costs hit the company
Truckload
Trucking News
Trucking labor
GATX Profit Rises 6.4 Percent on Rail Demand
John D. Boyd |
Railcar lessor GATX sees a tightening market for freight cars, as utilization rises in its equipment fleet and lease renewal terms lengthen.
Rail News
Charleston Containers Grew 5.7 Percent in March
Peter T. Leach |
The container volume handled by the Port of Charleston increased 5.7 percent in March from a year earlier even though volume growth slowed from the 7 percent pace recorded in February.
Port News
Maritime
Forwarding
Short Line Railroads See 9 Percent Traffic Gain
John D. Boyd |
North America’s small and regional railroads are enjoying a surge in traffic so far in 2011, with overall volume up 9 percent and some important cargoes growing by double digits.
North-American rail
Rail News
Rotterdam Screening Ships From Japan for Radiation
Peter T. Leach |
The Port of Rotterdam Authority detected no radiation above prescribed standards on five vessels that left Japan after March 14
Port News
Maritime
Forwarding
Chinese Truckers Protest High Fuel Costs, Private Fees
Dana L. Brundage |
Chinese truck drivers are striking this week in Shanghai due to rising fuel costs and increased fees charged by private warehouse operators.
Transport, Trade and Regulation News
Forwarding
Trucking labor
USPS Starts Regional Parcel Service
JOC Staff |
The U.S.
Air Cargo
Air Cargo Forwarder News
TUI Sets May Deadline for Hapag-Lloyd Bids
Peter T. Leach |
TUI, co-owner of Hapag-Lloyd, asked Chinese group HNA and Oman's Onyx Investments to make binding bids for a stake in the shipping group by late May, three people close to the process told Reuters.
Maritime
Container lines
Forwarding
KCS 1Q Profit Leaps 91 Percent to $63 Million
John D. Boyd |
Kansas City Southern, the smallest of the North American Class I railroads, posted a $63 million profit in the first quarter, up 91 percent from the 2010 period.
North-American rail
Rail News
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