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Maersk teams up with LA-LB ports to reduce ship fuel consumption
Bill Mongelluzzo, Senior Editor |
Maersk's pilot program to reduce harmful emissions from ships calling in LA-LB will contribute to ports' clean-air program.
Container lines
Houston port plans longer gate hours in 2017
Joseph Bonney, Senior Editor |
Texas port is preparing for increase in plastic resin exports.
North American ports
Hanjin, HMM absent from THE Alliance’s regulatory approval request
JOC Staff |
Doubts that Hanjin Shipping wouldn’t join the THE Alliance began once the liner was placed in receivership Aug. 31, fueling speculation that HMM might take its place.
Container lines
BNSF revenue falls on intermodal volume drop
Reynolds Hutchins, Associate Editor |
The so-called “freight recession” continues to weigh down demand, volume, and pricing.
North-American rail
Air Canada Cargo adds Frankfurt to expanding freighter network
Bruce Barnard, Special Correspondent |
Air Canada Cargo will start an all-cargo service between Toronto and Frankfurt.
Air Cargo Carriers News
Midsize liners likely to lead next consolidation wave
Bruce Barnard, Special Correspondent |
Medium-sized container lines likely will trigger the next round of consolidation in a bid to keep pace with the market leaders that are pulling ahead following a wave of mergers.
Container lines
Productivity gains lift major Indian port volumes
India Special Correspondent |
Container volumes at India’s major public ports are continuing to grow at a healthy pace thanks to capacity upgrades and productivity improvements.
International ports
Nippon Express profit rises despite revenue decline
Hisane Masaki, Japan Special Correspondent |
Net profit at Nippon Express Co., Japan’s biggest international freight forwarder, surged in the first half of fiscal 2016 despite a revenue decline.
Logistics Technology News
Truck, rail pricing power may shift in early 2017
William B. Cassidy and Reynolds Hutchins |
There are signs that shippers expect truckload and domestic intermodal rates to creep higher in early 2017.
Intermodal providers
Trucking News
Asia-ECSA spot rates continue to strengthen
Rob Ward, Brazil Special Correspondent |
Freight rates are on the rise on the Asia to east coast of South America trade lane following a drastic reduction in capacity.
Container lines
Maersk says shippers' seeking stability driving market share gain
JOC Staff |
More evidence of shippers’ engaging in a “flight to quality” by favoring container lines perceived to be stable following the Aug. 31 Hanjin Shipping bankruptcy came from Maersk Line's third-quarter results released this week.
Container lines
Truckload firms look to asset-light units to get through downturn
Dustin Braden, Shipper Relationship Manager |
Truckload companies USA Truck and Celadon Group are not waiting for a recovery in the truckload market to materialize and pull them out of the red, instead working to get into the black with a stronger focus on their asset-light brokerage businesses.
Truckload
ArcBest gains shipments, but profit plunges
Dustin Braden, Shipper Relationship Manager |
Lower fuel surcharges, lighter shipments, acquisitions costs blamed for lower profit at less-than-truckload, logistics company.
LTL
New rail options at India’s Pipavav port power growth
India Special Correspondent |
New double-stack train services connecting Pipavav with northern hinterland points powered the year-over-year growth in shipments at the port.
International ports
US trucking firms add jobs ahead of holiday season
William B. Cassidy, Senior Editor |
Trucking is doing better at hiring workers than previous employment data suggested, but still is bumping against a "hiring ceiling."
Trucking labor
LTL
Trans-Pacific spot rates reflect later than usual peak season
Bill Mongelluzzo, Senior Editor |
November should signal the end of the peak-shipping season in the eastbound trans-Pacific trade, but spot rates suggest the peak season is still in swing.
Container lines
NYK Line parent’s credit rating downgraded despite merger plan
Dustin Braden, Shipper Relationship Manager |
The credit ratings agency Moody’s has downgraded the rating for Nippon Yusen Kabushiki Kaisha, parent of NYK Line.
Container lines
Portable scale aims to help shippers with SOLAS rule
Hugh R. Morley, Senior Editor |
A New Zealand company has launched a relatively small, portable scale designed to enable shippers to weigh a container atop a chassis, saying it will help shippers comply with new global container weight rules.
Logistics Technology News
Transport, Trade and Regulation News
Liverpool opens new mega-ship container terminal
Bruce Barnard, Special Correspondent |
The port of Liverpool on Friday officially inaugurated a new deep-sea container terminal as it works to create a new ocean trading gateway to re-jig the national supply chain.
International ports
Asia-Europe spot rates start to slip after three-week rally
Greg Knowler, Senior Editor Europe |
Spot rates slip with little demand to support the Nov. 1 increases.
Container lines
Analysts see liner consolidation as step toward recovery
Greg Knowler, Senior Editor Europe |
The container shipping market is concentrated in the hands of fewer players, which might improve profitability.
Container lines
No way Taiwan lines will merge, Yang Ming chairman says
JOC Staff |
Yang Ming Line Chairman Bronson Hsieh has dismissed market speculation that his Taiwan line could merge with Evergreen Marine.
Container lines
Roadrunner expedited business pads TL, LTL decline
Dustin Braden, Shipper Relationship Manager |
Roadrunner’s push into the expedited shipping market over the last two years provided the trucking company an airbag to protect against crashing truckload and less-than-truckload volumes and rates in the third quarter.
LTL
North American intermodal quarterly decline bodes poorly for year-end
Reynolds Hutchins, Associate Editor |
It’s a sign that the so-called “freight recession” that’s softened demand, volume, and freight rates may outlast the calendar year.
Rail News
Growth at India's top container port hits wall
India Special Correspondent |
Container throughput at Jawaharlal Nehru Port Trust only inched up in the first seven fiscal months through October.
International ports
Hanjin ship to call Long Beach for empty box pick-up
Bill Mongelluzzo, Senior Editor |
The Port of Long Beach will chip away at the backlog of empty Hanjin Shipping-leased containers in Southern California that has built up since the container line declared bankruptcy on Aug. 31 when a ship calls to pick up some of the empties.
North American ports
Drayage
Marine terminals
Seattle-Tacoma ports claw back share from Canadian rivals
Bill Mongelluzzo, Senior Editor |
A solid performance by the Northwest Seaport Alliance in September and year to date indicates that Seattle and Tacoma may have regained regional market share from the Canadian ports of Vancouver and Prince Rupert.
North American ports
US heavy truck registrations plunge by double-digits
William B. Cassidy, Senior Editor |
IHS Automotive data reveal a significant decline in new commercial truck registrations, especially for heavy trucks.
Truckload
WWL, DB Cargo plan vehicle hub at Italian port
Joseph Bonney, Senior Editor |
Wallenius Wilhelmsen Logistics and DB Cargo have agreed to develop a joint-venture hub at Monfalcone to support European vehicle manufacturers’ exports to the Mediterranean and Asia.
International ports
Acquisition strengthens Eimskip’s Nordic network
Dustin Braden, Shipper Relationship Manager |
Eimskip will acquire the Norwegian short-sea operator Nor Lines, the latest purchase by the Icelandic container line, which has made expansion via acquisitions a key goal.
Container lines
E-commerce fires more than one engine at XPO Logistics
William B. Cassidy, Senior Editor |
The benefits of rising e-commerce demand are lifting revenue, profit at multiple units of XPO Logistics, from last-mile to LTL.
Logistics Technology News
Trucking News
Port Manatee handles heavy-lift heat exchanger
Joseph Bonney, Senior Editor |
A liquefied natural gas heat exchanger weighing nearly 500 tons was exported via Port Manatee, Florida.
Breakbulk News
Global air cargo strongest since US West Coast port crisis
Bruce Barnard, Special Correspondent |
Global air cargo traffic in September rose at the fastest rate since the industry benefited from the disruption caused by the US West Coast ports strike in February 2015.
Air Cargo Carriers News
Air France-KLM Cargo awash in red ink
Bruce Barnard, Special Correspondent |
Air France-KLM Cargo’s third-quarter operating loss soared by almost one-fifth from a year ago as it scrambled to downsize its unprofitable freighter operations.
Air Cargo Carriers News
Ocean Alliance unveils network for 2017
Greg Knowler, Senior Editor Europe |
The Ocean Alliance has released information on its network that begins on April 1, 2017, with the trans-Pacific to see the largest number of loops and port calls.
Container lines
ILWU, PMA agree to future contract extension talks
Bill Mongelluzzo, Senior Editor |
Discussions between the International Longshore and Warehouse Union and the Pacific Maritime Association about a possible extension of the West Coast waterfront contract apparently ended on a positive note.
Longshore labor
Container shipping overcapacity forecast to worsen
Hugh R. Morley, Senior Editor |
A Boston Consulting Group analysis released Wednesday predicts that overcapacity in the shipping industry will significantly worsen.
Container lines
Coffee export decline underscores cost of Santos labor unrest
Rob Ward, Brazil Special Correspondent |
The steady brew of labor unrest at the port of Santos is hitting Brazilian coffee exports.
International ports
US shippers urged to step up planning for ELD mandate
William B. Cassidy, Senior Editor |
The ELD mandate's impact on available truck capacity isn't the only thing shippers should worry about.
Transport, Trade and Regulation News
Trucking News
LTL
Truckload
Yusen Logistics swings into red despite traffic rise
Hisane Masaki, Japan Special Correspondent |
Yusen Logistics swung into the red in the first half of fiscal year 2016.
Logistics Technology News
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