There was no clear market share shift between large and small non-vessel-operating common carriers in 2011 with regard to volume. Some large NVOs grew sizably, while others lost volume, with no apparent pattern emerging. What remains is a severely fragmented market, particularly in the context that NVOs collectively compete against liner carriers. Related […]
Forget the Great Wall of China and mighty Amazon River, NASA has posted an image on its Global Climate Change Website that shows global shipping routes can be seen from space because of the nitrogen oxides (NOx) emitted by ships traveling along them. “Just how much shipping contributes to overall NOx emissions remains […]
The U.S. Department of Justice in December extracted $45 million plus interest from Japan-based Toyo Ink SC Holdings Co. Ltd. and affiliated entities to settle allegations they knowingly failed to pay antidumping and counterveiling duties meant to protect U.S. firms from unfair competition.
After more than 35 years in the air cargo industry, Ram Menen, the head of cargo at Emirates Airline, is calling it quits. In taking early retirement, he’s leaving an industry he helped shape and grow, marked most notably by his career leading Emirates SkyCargo from its infancy in 1985 to one of the […]
By Eric Kulisch Several dozen freight industry professionals involved in container shipping met in Chicago last summer to discuss ways to increase exports by ocean container. A big part of the discussion revolved around opportunities and challenges associated with exporting agricultural products. Analysts, such as Moffatt & Nichol Chief Economist Walter Kemmsies, have […]
In fiscal year 2012, ended Sept. 30, U.S. Customs and Border Protection officers processed more than $2.3 billion in trade and 25 million containers (ocean boxes, and intermodal containers crossing from Mexico and Canada). The value of imports and the volume of inbound containers increased 5 percent and 4 percent, respectively, from the prior […]
David Aguilar is retiring at the end of March as head of U.S. Customs and Border Protection. The Department of Homeland Security was a bit sloppy in the title it used for Aguilar in a press release describing his career achievements and thanking him for his service. The statement referred to Aguilar as […]
By Walter Kemmsies, chief economist, Moffatt & Nichol Ports have always had to contend with increasing urbanization that impacts freight moving through them. This is likely to worsen significantly given demographic trends in place.
Proximity to West Florida port is key attraction for LNG equipment maker. By Chris Dupin The natural gas industry in the United States is booming and dozens of shipping terminals that were once looking at re-gasifying liquefied natural gas arriving on tankers are now revising their plans and converting those facilities into terminals that instead […]
By Andrea Appell, director at BPE Global When developing the scope of your ICP, ensure that it’s focused specifically on trade-related responsibilities, yet scalable to your company’s global operations…
Speed is “an underestimated factor in the current supply-demand balances in shipping,” said Petter Haugen, an industry analyst at DNB Bank in Oslo. Speaking late last year at a conference organized by Marine Money on the subject of slow steaming (or “speed optimization,” his preferred term), Haugen said high bunker costs have turned […]
By Eric Kulisch The Union Pacific Railroad has taken several steps in the past year to increase capacity on its network for agricultural products, many of which are destined to ports for export to other countries, a member of the company’s marketing staff explained at a major transportation conference in Washington last month. […]
Manufacturers expect to gain from trade deals cutting red tape at borders, open markets to services. Business groups and trade experts are optimistic that two sets of international trade negotiations will be concluded within the next year, unlocking more than $2 trillion in new trade and setting the stage for broader global arrangements.
Freight market’s uncertainty, again, plagues U.S. domestic transportation. By Jon Ross Gauging growth in the uncertain 2013 domestic trucking and air cargo market depends a bit on who is doing the predicting. There are minor shades of variation in the outlook for domestic trucking, while analysts all agree domestic air cargo will continue to lose […]
Last month, officials from American Airlines and US Airways finally made their $11 billion merger official, creating the largest airline in the United States. But while it may create the biggest domestic passenger carrier in front of United and Delta, an analysis of the three carriers’ air cargo numbers shows the new American […]
The biggest risk perceived by investors seeking to invest in infrastructure projects is political, Christopher Lee, founder and managing partner of Highstar Capital, said Feb. 20 during a panel discussion at a transportation infrastructure summit hosted by the U.S. Chamber of Commerce. Pension funds and other institutional investors like infrastructure as an asset […]
Despite Maersk Line’s decision to start rerouting its TP7 service through the Suez instead of the Panama Canal, 13 of the 32 liner services that used the waterway as of last October were Asia-U.S. East Coast strings, according to information presented by Rodolfo Sabonge, executive vice president of planning and business development for the […]
The report presents 52 recommendations to help JFK International Airport improve as a domestic leader in the air cargo industry, stemming its 600,000-ton decline in cargo activity over the past decade.
Liner carrier Maersk has announced a general rate increase that will go into effect April 1 on cargo moving in dry containers between the Mediterranean and the United States and Canada. The increase for westbound cargo is $250 for 20-foot containers, $350 for 40-foot containers, and 40-foot and 45-foot high cube dry containers. […]
Virginia Gov. Bob McDonnell didn’t get everything he wanted in his five-year plan to raise $3.1 billion for surface transportation, but his proposal finally got the General Assembly to address the state’s crumbling infrastructure.
