An Oct. 14 AS+ story about the Shanghai Shipping Exchange and its Shanghai Containerized Freight Index misnamed another container index published by a joint venture of London-based Drewry and the Singapore-based Cleartrade Exchange. Its proper name is the World Container Index. The SSE says it is now looking at creating a separate index for imports […]
Motor carriers are bracing for new driver work rules that are expected to complicate operations and increase costs, but a prominent industry official says that shippers need to temper their service expectations in an era of heightened safety regulations. Regulatory and economic pressures, including the rising price of new trucks with less fuel-efficient […]
Dan England, chairman of C.R. England Inc. of Salt Lake City, was elected chairman of the American Trucking Associations on Tuesday. England urged industry unity in the face of “a possible change to the hours-of-service rule, a long overdue highway bill and a mounting stack of regulations on top of a sluggish economic […]
The U.S. Federal Motor Carrier Safety Administration recently fined American Welding & Tank LLC $3.9 million for manufacturing unsafe tanks used to transport and store anhydrous ammonia, a nitrogen-based fertilizer in gas form that is stored under high pressure and is dangerous to breath or touch. The agency said it followed up on […]
The U.S. Transportation and Commerce departments on Tuesday announced a partnership to promote domestic manufacturing jobs and opportunities for U.S. suppliers through transportation investments. The Commerce Department’s Manufacturing Extension Partnership (MEP) will help manufacturers meet DOT’s strict “Buy America” and “Buy American” standards, connecting U.S. manufacturers and suppliers for work on highways, railways and […]
CSX said it had a record third quarter profit of $464 million, 19 percent more than the $414 million earned in the same 2010 period. Revenue was $2.96 billion for the period, 11 percent more than the $2.67 billion recorded in the third quarter of 2010. The big increase in revenue came […]
CSX said it has reached a long-term agreement to haul containers for Maersk Line out of the East Coast ports of New York, Baltimore, Hampton Roads, Charleston and Savannah. The arrangement takes effect on Jan. 1.
The American Trucking Associations and Truckload Carriers Association have agreed to adopt each other’s position in seeking permission to operate heavier trucks on federal highways. New five and six-axle limits jointly proposed.
Supply chain software developer Freightgate this week released the newest version of its OceanTender product. The OceanTender 3.1 transportation procurement application uses a common business process and standardized format developed in conjunction with global shippers, 3PLs and carriers. The product standardizes and supports all phases of a tender from initial creation, request, responses, […]
Non-vessel-operating common carrier Shipco Transport will introduce direct freight consolidation services from Shanghai and Ningbo, China to Boston. Shipco, which set up in the Boston market less than a year ago, plans to further develop its presence in the New England region by adding more direct services both for imports and exports, the […]
While the Port of New York and New Jersey is spending heavily on infrastructure to accommodate bigger ships and more cargo, industry leaders emphasize the need to increase efficiency and productivity at the port.
Suggestions that the Canadian government is improperly subsidizing expansion of western Canadian ports and related freight infrastructure are unfounded and will harm two-way trade if a U.S. investigation into the matter results in sanctions of some kind, Ed Fast, Canada’s minister of international trade, told reporters during a visit to Washington Monday. Fast, […]
Offloading fuel from the containership Rena was suspended Tuesday because of bad weather. One tug is connected to the stern of Rena should the ship break up, with two other tugs on standby. Situation is now critical.
The International Maritime Bureau says while attacks by Somali pirates remain high, increased naval presence and measures by shipowners and their crews have helped thwart hijacks.
The information service Alphaliner says in its most recent newsletter that containership deliveries will total 1.28 million TEU this year. It said as of mid October 154 ships with 1 million TEU capacity had been delivered. Alphaliner said “non-deliveries” due to cancellations, deferrals and slippage amounted to 8.5 percent which it said […]
APL said it moved 229,300 FEUs (40-foot equivalent units) in the four-week period ending Sept. 23, 5 percent more than in the same 2010 period. But the Singapore-based liner company said average revenue per FEU was $2,501 for the four-week period, 19 percent less than in the same period last year. Year […]
Mediterranean Shipping Co. said Monday it will begin assessing an emergency bunker surcharge on shipments to and from the Black Sea port of Novorossiysk. The surcharge $100 per TEU on imports and $50 per TEU on exports, is effective from Nov. 1. MSC said the surcharge is necessary due to “bad weather, waiting […]
CSAV and CMA CGM have merged a service connecting Asia and the west coast of South America with a Mediterranean Shipping Co. service, according to CMA CGM and research from American Shipper affiliate ComPair Data. The move effectively means MSC has withdrawn its Andes Express service and merged it with CSAV and CMA […]
Russell Gerdin, founder, and former chairman and chief executive officer of motor carrier Heartland Express, died Friday evening, the company announced. Heartland Express is one of the most profitable trucking companies in the industry and has a reputation for operational excellence. “Russ was a true visionary and pioneer in our industry. A giant,” […]
The Great Lakes-St. Lawrence Seaway navigation system supports more than 225,000 jobs and generates billions of dollars in income and revenues annually in both the United States and Canada, according to a study released today. The study, “The Economic Impacts of the Great Lakes-St. Lawrence Seaway System 2010,” was commissioned by the maritime industry […]
