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Breakbulk Quarterly Intelligence
Platts Containers Update
XPO poised for acquisitions as revenue, profits rise
William B. Cassidy, Senior Editor |
The $14.6 billion logistics and transportation provider accelerated growth at asset and non-asset operations alike in the second quarter, including its LTL division.
LTL
Truck brokers
New river terminals aim to ease Chittagong port congestion
Syful Islam, Bangladesh Special Correspondent |
The Bangladesh government is welcoming private sector investments in inland container terminals.
Transport, Trade and Regulation News
Intermodal providers
Seaboard adds and strengthens US-Latin America services
JOC Staff |
Seaboard, which specializes in Caribbean, Central America, and South American trades, is Miami’s largest carrier.
Container lines
North American ports
FMC passes on updating US cargo diversion report
JOC Staff |
Washington State’s two senators asked in August 2011 for a study of potential cargo diversions after hearing their states’ ports might be losing business to Prince Rupert, British Columbia.
Transport, Trade and Regulation News
Global air cargo hits seven-year peak
Bruce Barnard, Special Correspondent |
All regions posted growth.
Air Cargo Forwarder News
Air Cargo Carriers News
Lufthansa Cargo stays in the black
Bruce Barnard, Special Correspondent |
Traffic measured in revenue cargo tonne kilometers rose 4.3 percent year-over-year.
Air Cargo Carriers News
JNPT volume grows despite cyberattack and monsoons
India Special Correspondent |
The newest provisional port statistics collected by JOC.com show JNPT handled 401,923 TEU in the last month.
International ports
DSV profit hits record
Bruce Barnard, Special Correspondent |
DSV booked record earnings in the second quarter.
Logistics Technology News
Santos shippers aghast after emergency dredging halted
Rob Ward, Brazil Special Correspondent |
Shipping lines and shippers are apoplectic.
International ports
Maritime
Container lines
Port infrastructure
Shippers, 3PLs join China customs in import visibility drive
Greg Knowler, Senior Editor Europe |
China’s largest retailer launched the new cross-border alliance with the view of improving the usually complicated processes involved in bringing imported products into the mainland.
Logistics Technology News
Rising Asia-Europe demand won't fill new mega-ship capacity
Greg Knowler, Senior Editor Europe |
Profitability is back for carriers on Asia-Europe, but the onslaught of mega vessels into the trade threatens to put the brakes on their financial improvement.
Container lines
Digital currency launched to reduce cargo no-shows
Reynolds Hutchins, Associate Editor |
The Hong Kong-based 300Cubits on Tuesday introduced the TEU, not the container unit.
Logistics Technology News
Maritime
Container lines
Rising LA-LB port truck turns a peak season warning
Bill Mongelluzzo, Senior Editor |
Truckers in Los Angeles-Long Beach are bracing for tougher times ahead.
Drayage
North American ports
Maersk: No Brazilian trade recovery until 2020
Rob Ward, Brazil Special Correspondent |
Brazil’s container trade grew 5.8 percent year-over-year in the first quarter.
Transport, Trade and Regulation News
Rising US freight volumes propel LTL building boom
William Cassidy |
A steady increase in freight volumes and e-commerce demand is fueling an expansion of LTL networks, with YRC Freight planning eight distribution centers.
LTL
Tax reform lifts Indian truck productivity
India Special Correspondent |
The Goods and Services Tax (GST) has combined with other ease-of-doing-business measures to speed the movement of truckers.
Trucking News
Transport, Trade and Regulation News
Matson: Speculative Jones Act capacity would pull down rates
Joseph Bonney, Senior Editor |
Philly Shipyard said on July 21 it had signed a letter of intent with an unidentified “leading Jones Act carrier” for construction of two container ships.
Container lines
Asia-Russia ocean rates to fall as import growth plateaus
Eugene Gerden, Russia Special Correspondent |
Asia-Russia ocean shipping rates could decline 30 to 40 percent from current levels by the end of this year.
Container lines
Yusen Logistics posts loss despite higher volumes
Tomoo Yatsuhashi, Japan Special Correspondent |
Yusen’s revenue rose in all regions except the Americas.
Logistics Technology News
Danaos still reeling from Hanjin collapse
Bruce Barnard, Special Correspondent |
Danaos reported sharply lower earnings in the second quarter.
Container lines
Global Ship Lease bullish as profit rises
Bruce Barnard, Special Correspondent |
GSL’s fleet of 18 ships range in capacity from 2,262 TEU to 11,040 TEU.
Container lines
Mundra intermodal rail service restored
India Special Correspondent |
“The restriction on loading of trains to Mundra Port has been lifted.”
International rail
West Coast longshore deal shifts shipper focus to ILA talks
Joseph Bonney, Senior Editor |
No date has been set for the start of bargaining on a coastwide ILA contract.
Longshore labor
BCOs face surcharges even as CN says Chicago terminal ‘near-normal’
Reynolds Hutchins, Associate Editor |
Chicago-area draymen are charging shippers surcharges of $75 and even double that.
North-American rail
Carriers’ on-time performance improves, but lags last year
Dustin Braden, Shipper Relationship Manager |
The most reliable carrier in the quarter was Wan Hai.
Container lines
Container lines set for stronger year for volume and pricing
Greg Knowler, Senior Editor Europe |
Carriers on the Asia-Europe trade are heading for a vastly improved year.
Container lines
Japan's Big Three carriers profitable as industry rebounds
Tomoo Yatsuhashi, Japan Special Correspondent |
The positive earnings statements come less than a month after the three established Ocean Network Express.
Container lines
Seaspan’s Gerry Wang to step down
Bruce Barnard, Special Correspondent |
The New York Stock Exchange-listed company said it has begun the search for a new CEO.
Container lines
Strong demand pulls Amsterdam Schiphol to air cargo record
Bruce Barnard, Special Correspondent |
Schiphol’s second-quarter results are the latest in a string of strong performances by European airports and cargo airlines.
Air Cargo Forwarder News
American Airlines boosts Europe truck footprint
Bruce Barnard, Special Correspondent |
The carrier said its multiple nightly truck operations boost capacity and route options for shippers.
Air Cargo Carriers News
Trucking News
New rubber-tire gantries to push up JNPT productivity
India Special Correspondent |
Jawaharlal Nehru Container Terminal (JNCT)'s new cranes are the first part of a Rs. 182 crore (roughly $28 million) contract for 15.
Marine terminals
How to boost US container exports
Mark Szakonyi, Executive Editor |
It is going to take government support and new business practices to boost US exports, and even then, it is going to be tough haul.
Transport, Trade and Regulation News
US exports rebounding on weaker dollar
JOC Staff |
US containerized exports are on the upswing, a boon not just to shippers of goods and commodities such as cotton and poultry, but also to the railroads, marine terminals, and container lines hungry to ship anything but empties to Asia.
Transport, Trade and Regulation News
Asia-Europe spot rates tick up on growing demand
JOC Staff |
The higher Asia-Europe rates, as well as trans-Pacific rate strength seen this week will help carriers end the year with $5 billion in profit.
Container lines
ILWU vote promises five years of US West Coast labor peace
Bill Mongelluzzo, Senior Editor |
The subject of a contract extension was first raised in March 2015 at the JOC’s annual TPM Conference.
Longshore labor
North American ports
Trans-Pac spot spike signals peak season in gear
Bill Mongelluzzo, Senior Editor |
Eastbound trans-Pacific spot rates this week surged by double-digits.
Container lines
Spiking traffic helps drive OOCL’s double-digit pricing power gain
Dustin Braden, Shipper Relationship Manager |
The double-digit second-quarter volume and revenue growth will come as good news to OOCL’s prospective new owner, China Cosco Shipping Holdings.
Container lines
Matson to add US-flag route between Hawaii, Marshall Islands
JOC Staff |
Carrier acquires 707-TEU ship to operate on the route.
Container lines
New Orleans port moves closer to wharves-for-railroad swap
Joseph Bonney, Senior Editor |
Port CEO Brandy Christian called the agreement a “win-win”.
North-American rail
Breakbulk News
North American ports
APMT Mumbai monsoon recovery almost complete
India Special Correspondent |
Local shipping sources also told JOC.com that truck lines leading to the terminal have now shortened considerably.
International ports
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