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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
Truck Strike Paralyzes India’s Port of Chennai
JOC Staff |
A sudden strike by container truck drivers Monday morning paralyzed cargo movements to and from India’s Port of Chennai, the country’s second-largest container gateway. <br /><br />
Maritime
Forwarding
Rotterdam Announces Recovery Rebate
Bruce Barnard |
The port of Rotterdam Nov. 16 announced a once-only "recovery" rebate of 3 percent on tariffs for ocean going ships and inland river barges calling at Europe's biggest port. <br /> <br />
Maritime
Forwarding
Hamburg Boosts Container Traffic 10.7 Percent
Bruce Barnard |
Hamburg boosted container traffic 10.7 percent in the first nine months of the year from a year ago but trailed growth at its larger rivals Rotterdam and Antwerp. <br /><br />
Maritime
Forwarding
Hapag-Lloyd Swings to Record Profit
Bruce Barnard |
Hapag-Lloyd swung to a record operating profit of $361 million in the third quarter from a $253 million loss a year ago on higher cargo volume, soaring freight rates and lower costs. <br /><br />
Maritime
Container lines
Forwarding
LA-LB Imports Grew 15.4 Percent Year Over Year
Bill Mongelluzzo |
The ports of Los Angeles and Long Beach recorded combined import growth of 15.4 percent in October, indicating some staying power as growth slowly slips back from an August peak in the shipping season
Maritime
Forwarding
North American ports
Trailer Bridge's Profit, Revenue Fall in Third Quarter
Joseph Bonney |
Trailer Bridge reported a narrow $6,876 net profit for the third quarter, compared with $1.7 million a year earlier, as the carrier’s revenue fell 3.4 percent to $29.3 million.<br /> <br />
Trucking News
Maritime
Container lines
Forwarding
South Carolina Ports Win Strong Credit Ratings
Peter T. Leach |
Two of the top U.S.
Maritime
Forwarding
Crowley Names New Chief of Puerto Rican Operations
Peter T. Leach |
Crowley Maritime promoted Jose "Pache" Ayala to the position of general manager for operations of its liner services group in Puerto Rico. <br /><br />
Maritime
Container lines
Forwarding
Brambles to Acquire IFCO
Bruce Barnard |
Brambles, the world's biggest supplier of wooden freight pallets, is buying IFCO Systems, the largest provider of reusable plastic containers, for around $1.3 billion. <br /><br />
Transport, Trade, and Regulation News
Forwarding
Horizon to Start Express Intermodal From China
Peter T. Leach |
Horizon Lines plans to start express shipment of intermodal containers to several inland U.S. cities when it begins its Five Star Express trans-Pacific liner service from China next month.
Maritime
Container lines
Forwarding
Stevedore HHLA Boosts Container Volume 15.4 Percent
Bruce Barnard |
HHLA, Hamburg's biggest stevedore, boosted container traffic 15.4 percent in the first nine months of 2010 from a year ago as ocean carriers added services and Baltic feeder shipments recovered strong
Maritime
Forwarding
Savannah Containers Surge 16.7 Percent
Peter T. Leach |
The volume of containers handled by the Port of Savannah in October increased 16.7 percent to 273,296 20-foot equivalent units compared to the same month last year, the Georgia Ports Authority said.
Maritime
Forwarding
Bethel, Pennella Receive AOTOS Award
Joseph Bonney |
Thomas J. Bethel, president of American Maritime Officers, and William A.
Maritime
Container lines
Forwarding
Middle East’s Growth Corridor
Alan M. Field |
When suspected al Qaeda terrorists attempted to use the global air cargo network to deliver explosive devices from Yemen last month, the Middle East’s reputation as the world’s terror capi
Transport, Trade, and Regulation News
Forwarding
Spot Rates: Oceans Apart
Peter T. Leach |
A two-month-long decline in spot freight rates on major east-west containerized trade lanes extended into this month amid softening demand. <br /> <br />
Maritime
Forwarding
Docking for Dollars
Bill Mongelluzzo |
Strong container volumes through West Coast ports this year is good news for longshoremen who suffered through an unprecedented period of declining work opportunities in 2009.<br /> <br />
Maritime
Forwarding
North American ports
Trade in the Crossfire
Joseph Bonney |
Import-export trade isn’t the target of the Federal Reserve’s plan to stimulate the U.S.
Transport, Trade, and Regulation News
Forwarding
Exporters Have Seeds of Doubt
Bill Mongelluzzo |
U.S. containerized exports to Asia are accelerating and could approach record levels this winter, but vessel space and equipment shortages could keep them from reaching their full potential. <br />
Maritime
Forwarding
American Feeder Lines Names Rudy Mack as COO
Peter T. Leach |
American Feeder Lines Holding appointed Rudy Mack, former president of Hapag-Lloyd’s Americas region, as chief operating officer, giving the U.S.
Maritime
Container lines
Forwarding
Maersk Ship Loses Boxes in Biscay Gale
Peter T. Leach |
A Maersk container ship was waiting in the French Port of Le Havre Friday to have its cargo secured after it lost 26 containers overboard on Tuesday in a powerful storm in the Bay of Biscay.
Maritime
Container lines
Forwarding
Maersk May Sell More Bonds
Peter T. Leach |
A.P. Moller-Maersk may sell bonds after discussions with investors to diversify its financing sources and to raise funds for new investments. <br /><br />
Maritime
Container lines
Forwarding
MSC to Raise Trans-Pacific Rates, Other Charges
Peter T. Leach |
Mediterranean Shipping Co. will raise rates for container transport from Asia to the U.S. on Dec.
Maritime
Container lines
Forwarding
Rickmers Lost $55 Million in Third Quarter
Joseph Bonney |
Rickmers Maritime lost $55 million in the third quarter as charges for canceled ship orders ate up operating profit. <br /><br />
Maritime
Forwarding
TRAC to Open Calif. Chassis Facilities
Bill Mongelluzzo |
TRAC Intermodal on Dec. 1 will open its West Coast Metro Pool in Oakland and Los Angeles, leasing chassis to harbor trucking companies and ocean carriers on a short and medium-term basis.
Maritime
Forwarding
ATA Likely to Win Clean-Trucks Appeal, Says Attorney
Bill Mongelluzzo |
There is only a "slim" chance the appellate court handling the Port of Los Angeles clean-truck case will agree with U.S.
Maritime
Trucking labor
Forwarding
MSC Adds Europe-South America Surcharges
Peter T. Leach |
Mediterranean Shipping Co. will impose bunker surcharges on containers moving between North Europe and the Mediterranean and Venezuela, Central America and the west coast of South America as of Dec.
Maritime
Container lines
Forwarding
Port of Seattle Chips In Another $110,000 for Clean Air
Bill Mongelluzzo |
The Port of Seattle Commission authorized an additional expenditure of $110,000 in incentive money to encourage shipping and cruise lines to burn low-sulfur fuels in their auxiliary engines while at b
Maritime
Container lines
Forwarding
Indian Ports Container Volume Surges 12 Percent
JOC Staff |
Container throughput at major ports in India for the April-October period surged 12 percent over the same period last year, the Indian Ports Association said Thursday. <br /> <br />
Maritime
Forwarding
Global Ship Lease Narrows Loss
Bruce Barnard |
Global Ship Lease, the NYSE-listed container ship charter owner, reported a narrower third quarter loss as it revealed it won't be taking delivery of two new vessels because it can't finance the $155
Maritime
Forwarding
NY-NJ Terminals Spar with Waterfront Commission
Joseph Bonney |
New York-New Jersey marine terminal executives testified they're doing what they can to chip away at inefficient labor practices such as paying union timekeepers up to 27 hours a day, but they said th
Maritime
Forwarding
California Exports Surged in September
Bill Mongelluzzo |
California's ocean and air cargo exports increased by double digits in September compared to the same month last year, marking the 11th consecutive year-over-year monthly increase in the state's expor
Maritime
Forwarding
China Assures US on Freight Rate Safety
R.G. Edmonson |
Chinese officials assured a U.S.
Transport, Trade, and Regulation News
Forwarding
Former NOL CEO Lua Dies
Peter T. Leach |
Lua Cheng Eng, who built the regional Neptune Orient Lines business into a world shipping power through the landmark 1997 merger with APL, died in Singapore on Nov. 9. <br /><br />
Maritime
Container lines
Forwarding
Kintetsu World Express Profit More Than Doubles
Hisane Masaki |
Kintetsu World Express, Japan's second-largest forwarder, earned net profit of $48.84 million in the six months to Sept. 30, more than double its profit in the year earlier period.
Air Cargo
Forwarding
A.P. Moller-Maersk Forecasts $5 Billion 2010 Profit
Bruce Barnard |
A.P.
Maritime
Container lines
Forwarding
Court Denies Expedited Hearing on Clean Trucks
Bill Mongelluzzo |
The U.S.
Maritime
Forwarding
ILA’s Daggett Prepares for Chassis 'War'
Joseph Bonney |
International Longshoremen’s Association official Harold Daggett said he’s ready for “war” with container lines transferring intermodal chassis service to companies outside the
Maritime
Container lines
Trucking labor
Forwarding
Mallory Alexander Acquires Tradesource
Thomas L. Gallagher |
Memphis-based third party logistics provider Mallory Alexander International Logistics expanded into the Charleston, S.C., market with the acquisition of forwarder Tradesource from Atlantic Services G
Transport, Trade, and Regulation News
Forwarding
Bomb-sensing Technology Designed for Supply Chain
William B. Cassidy |
A company that develops explosive-detection equipment for the military is expanding into the cargo world with technology that can sniff out bombs. <br /><br />
Transport, Trade, and Regulation News
Forwarding
Index Shows Truckload Capacity Tightening
William B. Cassidy |
Truckload demand increased and capacity tightened in the first week of November following three straight weeks of decline, according to Longbow Research. <br /><br />
Trucking News
Forwarding
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