American Shipper

Chris Dupin Tuesday, March 4, 2014

Transpacific could see increased rate volatility

   The transpacific container trade could see increased rate volatility in the coming year, predicted Lars Jensen, the chief executive officer of SeaIntel Consulting.    Speaking at the Journal of Commerce’s TPM 2014 conference in Long Beach, Jensen noted that rates in the Asia-Europe trade have fluctuated more over the past two years as large […]

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FreightWaves Staff Tuesday, March 4, 2014

FedEx to raise freight rates

   FedEx will increase its shipping rates by an average of 3.9 percent on March 31, the company announced Monday.    FedEx said the change applies to shipments within the U.S. (including Alaska, Hawaii, Puerto Rico and the U.S. Virgin Islands), between the U.S. and Canada, within Canada, between the U.S. and Mexico, and within […]

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FreightWaves Staff Monday, March 3, 2014

Drewry: Air rates down in January

   The average price of air freight on east-west routes fell to $3.31 per kilogram in January from $3.58 per kilogram in December, according to Drewry’s East-West Air Freight Price Index.    In November, pricing hit a high for 2013 at $3.81, following an average in October of $3.73. Aside from the last quarter of […]

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FreightWaves Staff Monday, March 3, 2014

Shippers: Truck capacity tightening

   Shippers have begun getting squeezed by truck capacity, according to an industry note by Cowen and Company.    The firm said that during the South West Association of Rail Shippers Conference, a lot of the talk centered around truck capacity, with shippers saying that these fears have presented themselves after years of anticipation. The […]

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FreightWaves Staff Monday, March 3, 2014

Cold Train sold to investment firm

   Rail Logistics, which owns and operates the “Cold Train” express refrigerated intermodal service on the BNSF Railway network between the Pacific Northwest and Chicago, has been acquired by Federated Capital Corp., a private investment, leasing and financial management firm based in Farmington Hills, Mich.    Federated Capitol also owns the Great Lakes Central Railroad, […]

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Chris Gillis Monday, March 3, 2014

United nears San Francisco-Haneda route

   The U.S. Transportation Department on Friday proposed to approve United Airlines’ application to serve Tokyo’s downtown Haneda Airport from San Francisco.    Under a U.S.-Japan agreement, U.S. airlines may operate up to four daily round-trip flights per day at Haneda Airport, where operations are limited. The four flights have been operated by Hawaiian Airlines […]

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FreightWaves Staff Monday, March 3, 2014

Qatar launches new freighter routes

   Qatar Airways Cargo will launch twice-weekly service to Hyderabad, India, using an A330 freighter on April 1, and the carrier announced it commenced Boeing 777 freighter service to London Stansted five times each week starting May 2.    The carrier also announced it has resumed its operations to Zaragoza, Spain, on a twice-weekly basis. […]

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Chris Dupin Monday, March 3, 2014

Perlite factory to be located in Port of New Orleans

   IT Minerals will spend $4.5 million to establish an importing, processing and exporting facility at the Port of New Orleans for minerals sourced from Mexico and other countries.    “The port welcomes IT Minerals as a tenant of our industrial real estate properties,” said Port of New Orleans President and Chief Executive Officer Gary […]

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FreightWaves Staff Monday, March 3, 2014

Highway trust fund crisis jeopardizes state projects

   The federal Highway Trust Fund for fuel and excise taxes used to reimburse states for highway improvements on the national system is projected to go broke sometime in August, but states could begin feeling the pinch sooner, federal and state officials say.    The lack of funding could delay needed projects while also causing […]

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FreightWaves Staff Monday, March 3, 2014

Former ICAO council president dead at 89

   Assad Kotaite, president emeritus of the International Civil Aviation Organization, has died at the age of 89.    The organization called Kotaite, who died Thursday, one of the most prominent and respected figures in civil aviation, and a respected leader and visionary.    He began his career with ICAO in 1953 as part of […]

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FreightWaves Staff Sunday, March 2, 2014

Commentary: Squaring-off optimization

   For the past few years, the supply chain leadership mantra has been “agility.” The economic downturn taught virtually every business, in every industry, the importance of building speed and responsiveness into its end-to-end supply chain, enabling a faster reaction to demand shifts.    As a result, we’ve seen impressive improvements in supply chain capabilities […]

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FreightWaves Staff Sunday, March 2, 2014

North American Trade Symposium

   Ongoing progress between Mexican, U.S. and Canadian authorities to integrate border management policies and procedures has led CBP to consider proposing a tripartite conference, modeled on its popular Trade Symposium, to update industry about their joint efforts, Deputy Commissioner Thomas Winkowski said.    In a briefing with reporters, Winkowski laid out the possibility of […]

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FreightWaves Staff Sunday, March 2, 2014

COAC members’ value

   The partnership between CBP and the trade community, manifested through the Commercial Operations Advisory Committee (COAC), has never been stronger. CBP’s culture has shifted during the past four years to the point that it works to co-create virtually all policies and programs with the private sector.    And COAC is working harder than ever […]

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