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Platts Containers Update
Capacity investment helps Werner ride freight surge
William B. Cassidy, Senior Editor |
"Relentless" investment in equipment, higher driver pay help boost capacity, revenue, profit for Werner.
Truckload
Truck brokers
LA-LB warned fee hikes could accelerate share loss
Bill Mongelluzzo, Senior Editor |
Los Angeles-Long Beach market share has eroded steadily since 2002.
North American ports
CMA CGM carriers team up to launch new intra-Asia service
Greg Knowler, Europe Editor |
APL is expanding its intra-Asia footprint and has teamed up with a sister company to launch a new Korea service.
Maritime
Container lines
OOCL takeover gets green light from Cosco shareholders
Greg Knowler, Europe Editor |
The Cosco-OOCL takeover and the merger of Japan's three carriers into ONE show two very different approaches to M&A.
Maritime
Container lines
Rate increases manage to slow falling Asia-Europe spot prices
Greg Knowler, Europe Editor |
With just two months left of the year, carriers trying to turn around the steady rate decline on Asia-Europe are battling against a structural overcapacity undermining all attempts at increasing rates.
Container lines
Hurricanes, rising costs absorbing YRC Worldwide profits
William Cassidy |
YRC Worldwide was hit by two hurricanes and a wave of rising transportation costs in the third quarter, forcing it to lower its projected operating profit for 2017.
LTL
Brunswick’s expanded ro-ro capacity already committed
Dustin Braden, Shipper Relationship Manager |
Port officials are evaluating the best ways to keep capacity above demand.
North American ports
Breakbulk News
Driver wages and benefits jump, pushing up trucking costs
William B. Cassidy, Senior Editor |
Truck driver wages and benefits grew for the fourth straight year in 2016.
Trucking labor
LTL
Indian government ports expand market share
India Special Correspondent |
Although the gain is encouraging for public ports, the threat private ports pose to their market share remains.
International ports
Breakbulk market recovery — 2018, 2019, or later?
Joseph Bonney, Senior Editor |
Optimism has been in short supply for breakbulk and project carriers.
Breakbulk News
CSX’s intermodal overhaul holds promise for shippers
Mark Szakonyi, Executive Editor |
CSX Transportation’s overhaul of its network ultimately may benefit shippers.
North-American rail
Brazil box shuttle finds success in first year
Rob Ward, Brazil Special Correspondent |
The shuttle plugs a gap in south Brazilian logistical networks that emerged seven years ago.
International ports
Ship financing on the cusp of major change
Bruce Barnard, Special Correspondent |
The shipping industry is about to register a significant milestone.
Container lines
BCOs face steep price tag for LA-LB clear air rules
Bill Mongelluzzo, Senior Editor |
The ports of Los Angeles and Long Beach will soon release the final draft of an update to its historic Clean Air Action Plan.
North American ports
Transport, Trade and Regulation News
Container lines
Amid congestion, Prince Rupert says service restoration on track
Bill Mongelluzzo, Senior Editor |
Congestion problems at Prince Rupert continue to plague beneficial cargo owners after six weeks.
International ports
Brexit transitional period crucial to EU-UK trade
Greg Knowler, Europe Editor |
A sharp break in relations between the United Kingdom and the European Union after Brexit will be devastating for the trade and business between both parties.
Transport, Trade and Regulation News
SSA to open specialized Lazaro Cardenas ro-ro terminal
Hugh R. Morley, Senior Editor |
The facility will be the first in Mexico dedicated exclusively to handling vehicles.
Breakbulk News
BBC, Jumbo form project cargo alliance
JOC Staff |
The carriers said that despite their exclusive cooperative agreement, they will maintain separate operations.
Breakbulk News
Soaring China exports unable to lift spot rates
Greg Knowler, Europe Editor |
There was no slowing down Chinese containerized exports in September, but the double-digit growth continued to be accompanied by steadily declining freight rates.
Maritime
Container lines
US truckload spot rates dip, but volumes remain strong
William B. Cassidy, Senior Editor |
After climbing for seven straight weeks, US spot truckload rates stalled last week, but remain higher than usual for early October. DAT Solutions expects spot pricing to keep climbing.
Truckload
Pasha to use laid-up ship to deliver water to Puerto Rico
Joseph Bonney, Senior Editor |
Pasha Hawaii is pulling a 37-year-old ship out of layup.
Container lines
Authorities approve JNPT truck toll hike
India Special Correspondent |
The revised rates took effect October 1 and will remain in force until March 31, 2019.
International ports
Trucking News
Drayage
China-Europe rail growth exposes Europe’s structural shortcomings
Greg Knowler, Europe Editor |
Improve Europe's structural inadequacies and cut tariffs on the China-Europe rail network, is the message from a rail industry association executive.
Rail News
CSX trims intermodal services, considers hub overhaul
JOC Staff |
CSX is discontinuing international services as part of a broader operational overhaul.
North-American rail
Higher de minimis level delights US importers, frustrates brokers
Bill Mongelluzzo, Senior Editor |
Express couriers each day handle thousands of e-commerce shipments.
Transport, Trade and Regulation News
Ocean Network Express unconvinced of mega-ships benefits
Greg Knowler, Europe Editor |
The landside ability of the supply chain to handle volume generated by mega-ships must improve before carriers can achieve the lower unit costs their deployment promises.
Container lines
Hapag-Lloyd raises expected $414 million from capital increase
Greg Knowler, Europe Editor |
Debt levels will be targeted by German carrier Hapag-Lloyd's capital increase that was successfully completed on Oct. 16.
Container lines
BCO, carriers conflict on what's market reality
Greg Knowler, Europe Editor |
Just how different carriers and their customers view the container shipping business was illustrated during an executive panel at JOC’s TPM Asia conference in Shenzhen.
Maritime
Container lines
US freight broker casts doubt on high-tech disruption
William B. Cassidy, Senior Editor |
Technology cannot replace personal relationships, but greater automation can help smooth processes, Echo Global Logistics CEO Waggoner says.
Logistics Technology News
Trucking News
Truck brokers
JNPT productivity gains falter
India Special Correspondent |
Jawaharlal Nehru Port Trust’s truck-to-train freight conversion and dwell-time reduction efforts appear to have slackened in September.
International ports
Asia-Europe rail shippers Czech out Prague for savings
Eugene Gerden, Russia Special Correspondent |
More than 75 percent of Asia-Europe rail cargo ends its transcontinental journey in Germany.
International rail
APL’s Sartini: Differentiated services new carrier battleground
Greg Knowler, Europe Editor |
Offering the right solutions and not the lowest price will be the way carriers can differentiate themselves, believes the APL CEO.
Maritime
Container lines
NAFTA renegotiation progress elusive
Bill Mongelluzzo, Senior Editor |
The fourth round of talks on the renegotiation of the North American Free Trade Agreement are careening toward an inclusive end.
Transport, Trade and Regulation News
Analysis: Fourth Industrial Revolution will disrupt shipping
Wolfgang Lehmacher, head of supply chain and transport industry, World Economic Forum |
Disruption is unavoidable for container shipping as multiple technologies converge with unprecedented speed.
Logistics Technology News
Breakbulk News
Container lines
Japan air cargo outlook improves
Tomoo Yatsuhashi, Japan Special Correspondent |
Nittsu Research Institute and Consulting Inc. has revised upward its forecast for Japan’s air cargo trade growth.
Air Cargo
Shippers, Amazon pushing supply chain toward automation
William B. Cassidy, Senior Editor |
It will not happen overnight, but experts believe supply chains and transportation will become increasingly automated and more efficient as technology enables real-time exchange and analysis of vast amounts of data thanks to Amazon.com.
Logistics Technology News
Maritime
Air Cargo
Trucking News
Rail News
Freight surge raises revenue, and costs, for J.B. Hunt
William B. Cassidy, Senior Editor |
Higher third-quarter operating costs at J.B. Hunt, especially costs related to drivers and empty trucks, show why US shippers should be concerned about truck and intermodal pricing.
Truckload
Truck brokers
Savannah seeks to expand e-commerce, intermodal rail
Joseph Bonney, Senior Editor |
During the last two decades, Georgia has encouraged development of import distribution centers that have attracted all-water services from Asia and made Savannah the second-largest US East Coast container port.
North American ports
Rail News
Industrial Real Estate News
Japan container trade outlook upgraded for third time
Tomoo Yatsuhashi, Japan Special Correspondent |
Nittsu Research Institute and Consulting Inc. has again revised upward its outlook for Japan’s container trade in fiscal year 2017.
Container lines
East-west spot rates tumble on slow season
Greg Knowler, Europe Editor |
The post-Golden Week slow demand season and surplus capacity has pulled down rates across the east-west trades.
Container lines
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