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Platts Containers Update
Celadon CEO to Sell 15 Percent of Stock
William B. Cassidy |
Stephen Russell, chairman and CEO of Celadon Group, is selling about 15 percent of the stock he owns in the truckload carrier, the company said Monday.
Trucking News
OOCL Swings to $841.6 Million Profit
Joseph Bonney |
Orient Overseas Container Line reported a profit of $841.6 million last year, after a loss of $376.9 million in 2009 and said it expects supply and demand to be near balance this year.
Maritime
Container lines
Forwarding
Japan's Ports, Airports Operating, Some Ships Damaged
Hisane Masaki |
Japanese ports and airports suffered minor damage in the devastating earthquake and tsunami that hit the northeastern par
Maritime
Container lines
Forwarding
Indian Navy Captures Pirate Ship
JOC Staff |
An Indian Navy frigate captured a group of pirates after exchanging fire with them, confiscating a hijacked mother ship and rescuing all hostages aboard in the South Arabian Sea.
Maritime
Time to Dedicate To Dredging
Janet Plume |
As spring rains swell rivers and their tributaries throughout the central and southern U.S., the waters carry silt into the shallow bays and coastal waters lining the Gulf of Mexico.
Maritime
Transport, Trade and Regulation News
The Aging Fuel Tax
John D. Boyd |
The per-gallon fuel tax is so last century. Just ask the growing number of state, federal and industry officials pushing for a change.
Transport, Trade and Regulation News
Intercity Rail Projects Chug Along
John D. Boyd |
The Department of Transportation appears poised to inject hundreds of millions of dollars into rail lines operated by major freight railroads to help build up intercity passenger rail service and use
Transport, Trade and Regulation News
Rail News
Lessons in Safety
R.G. Edmonson |
The Consumer Product Safety Commission is trying to put a friendlier face on its new regulatory powers.
Transport, Trade and Regulation News
Forwarding
Who’s Leading, Leaving YRC?
William B. Cassidy |
As Chief Financial Officer Sheila Taylor prepares to leave YRC Worldwide, pressure mounts on the company’s board to find a successor to William D. Zollars.
Trucking News
LTL
Trucking labor
Rail Freight’s Upward Mobility
John D. Boyd |
North America’s rail freight network, after shaking off a series of powerful winter storms in January, is back on the fast track to growth. But a new threat is emerging: surging fuel costs.
Rail News
Help Wanted in Trucking
William B. Cassidy |
The trucking industry is hiring again, but at a pace and level far below its pre-recession plateau, placing a limit on the expansion of truck capacity.
Trucking News
Trucking labor
The Quest for Predictability
Paul Page |
Sitting on the sidelines at The Journal of Commerce’s Trans-Pacific Maritime Conference, two shippers said their solution to the troubling questions over services and rates sounded simple but wa
Maritime
Container lines
Forwarding
Paying to Pave?
R.G. Edmonson |
Potholes carry a heavy price, and John Q. Public is ponying up a good share to pay for their repair.
Transport, Trade and Regulation News
Shipping’s Master Builder
Peter T. Leach |
Alberto Aleman Zubieta had no illusions about what he was facing when he presided over the Panama Canal’s transition from U.S. jurisdiction to Panamanian control at the end of 1999.
Maritime
Forwarding
Canada’s Gateways for Growth
Bill Mongelluzzo |
Canada’s two largest airports base their infrastructure development strategy on the theory that efficient, cargo-friendly airports will lead the country to trade prosperity, and Asia will be the
Maritime
Air Cargo Carriers News
Air Cargo
The 3PL Balancing Act
William B. Cassidy |
The momentum many U.S. third-party logistics providers and freight brokers reported at the end of 2010 appears to be extending into 2011. C.H. Robinson, the largest domestic 3PL in the U.S.
Transport, Trade and Regulation News
Trucking News
Spinning Their Wheels
Joseph Bonney |
It took years for ocean carriers to follow through on their desire to get out of the chassis business. Now it may take the rest of the industry years to find a new model that works.
Maritime
Trucking News
Container lines
Deadly Japan Tsunami Triggers Pacific Warnings
JOC Staff |
The massive earthquake that struck Japan on Friday closed all ports and airports there, and coastal regions across the entire Pacific Ocean were blanketed with tsunami warnings and bracing for the imp
Maritime
Forwarding
Quake Damage Could Affect US-Japan Grain Trade
John D. Boyd |
The U.S.
Maritime
Forwarding
DOT Opens Another $2.43 Billion in Rail Grants
John D. Boyd |
Transportation Secretary Ray LaHood is making available $2.4 billion in passenger rail grant money rejected by Florida Gov. Rick Scott so that other states can submit applications for new projects.
Transport, Trade and Regulation News
Rail News
North-American rail
Homeland Security to Prevent Small Boat Attacks
R.G. Edmonson |
The Department of Homeland Security on Friday announced a strategy to plug one of the biggest breaches in maritime security: terrorist attacks by small boats.
Transport, Trade and Regulation News
EU Trustbusters Raid Baltic Rail Freight Carriers
Bruce Barnard |
European Union trustbusters raided the offices of transport firms in the Baltic region amid suspicions they are involved in a cartel in the rail freight sector.
Transport, Trade and Regulation News
Rail News
West Coast Ports Operating Smoothly
Bill Mongelluzzo |
UPDATED MARCH 11 AT 4:55 P.M. EST
Maritime
Forwarding
North American ports
Retail Sales Rose 1 Percent in February
Joseph Bonney |
U.S. retail and food sales posted a month-to-month gain of 1 percent in February, driven by strong auto sales, the Commerce Department said.
Transport, Trade and Regulation News
Horizon Gets Lender Agreement, at a Price
Joseph Bonney |
Horizon Lines said its lenders agreed to cancel a default triggered by the company's guilty plea to price-fixing in the Puerto Rico trade and to relax loan covenants.
Maritime
Container lines
Forwarding
OOCL, Yang Ming Expand China-Pakistan Services
Peter T. Leach |
OOCL and Yang Ming plan to expand the port coverage of their joint China-Pakistan Express service and launch a new service on the trade lane.
Maritime
Container lines
Forwarding
MSC Restructures Two Asia-Europe Loops
Peter T. Leach |
Mediterranean Shipping Co.
Maritime
Container lines
Forwarding
Lufthansa Cargo Traffic Soars 25.2 Percent
Bruce Barnard |
Lufthansa Cargo increased freight traffic 25.2 percent in February from a year ago.
Air Cargo
Air Cargo Carriers News
Truck Orders May Signal Stronger Recovery
William B. Cassidy |
The replacement of aging tractors and trailers, deferred for more than two years during the recession, is ramping up in 2011, according to ACT Research.
Trucking News
Japanese Shipping Stopped by Earthquake and Tsunami
Peter T. Leach |
Japan's shipping industry and services will be hit across the board by the massive 8.9 magnitude earthquake and tsunami that slammed the country Friday, according to an initial assessment of the impac
Maritime
Obama Says US Prepared to Tap Oil Reserve
John D. Boyd |
President Obama said the U.S.
Transport, Trade and Regulation News
Expanded Panama Canal to Face Tough Competition
Bill Mongelluzzo |
Container volumes moving through the Panama Canal will certainly increase when the canal is enlarged in 2014, but that does not necessarily mean West Coast ports will lose market share simply because
Maritime
Forwarding
North-American rail
Deep Impact
David Biederman |
As the Panama Canal expansion project draws closer to its 2014 completion date and the global economy recovers, ports along the Gulf of Mexico are working hard to attract direct all-water services fro
Maritime
FMCSA Extends Comment Period on EOBR Rule
William B. Cassidy |
The Department of Transportation is giving the public more time to comment on a proposal that would require electronic onboard recorders in most heavy trucks.
Trucking News
TSA Notes Challenges in International Screening
R.G. Edmonson |
The Transportation Security Administration is satisfied with its security screening program for goods shipped on domestic passenger airline flights, but TSA said Wednesday challenges remain in meeting
Transport, Trade and Regulation News
Index Shows Truckload Demand Rising
William B. Cassidy |
A key measure of truckload demand jumped 18.9 percent week over week in early March, signaling tightening capacity as the nation and the economy warm up.
Trucking News
DOJ Allows $45 Million Fine as All Horizon Could Pay
Joseph Bonney |
The Justice Department said it allowed Horizon Lines to pay a back-loaded $45 million fine for price fixing in the Puerto Rico trade because a stiffer penalty would have threatened the carrier's viabi
Maritime
Container lines
Forwarding
Nominee Begeman Vows to Aid Shipper Access to STB
John D. Boyd |
Ann Begeman, President Obama's choice to join the Surface Transportation Board, told senators at her nomination hearing she will work toward making sure shippers as well as railroads can approach the
Transport, Trade and Regulation News
Rail News
North-American rail
Grand Alliance to Restructure Trans-Pacific Services
Peter T. Leach |
The three carrier members of the Grand Alliance plan to overhaul their trans-Pacific services to the U.S. West Coast in advance of the peak season.
Maritime
Container lines
Forwarding
‘Bold’ Transportation Proposal Leaves Senators Cold
R.G. Edmonson |
Transportation Secretary Ray LaHood took the Obama administration's "bold vision" for a new transportation bill to the Senate this week, but lawmakers were not ready to buy in.
Transport, Trade and Regulation News
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