|
|
|
|
|
|
| New way to gauge New York's pulse |
|
Friday, May 04, 2012
|
|
The Port Authority of New York and New Jersey has begun publishing " PA Pulse ," monthly indexes of passenger and freight volumes. The agency says while "the indices do not precisely account for every passenger or every dollar worth of freight that passes through port authority facilities, they approximate those quantities closely using observed data." The port authority said the indexes will track the rise and fall of...
|
| Stifel: Ocean freight steadily stabilizing |
|
Tuesday, April 24, 2012
|
|
Ocean freight levels have remained “soft” through April, though they're stronger than in March, according to the latest Stifel Nicolaus Logistics Confidence Index. The index is a partnership between Stifel Nicolaus and U.K.-based Transport Intelligence and is based on a monthly survey of international shippers and forwarders to gauge the level of freight activity in several European-based international trade lanes. “All trade lanes showed sequential improvement over...
|
| RedStone Logistics offers transportation diagnostic |
|
Thursday, April 05, 2012
|
|
RedStone Logistics, an Overland Park, Kan.-based third-party logistics company that focuses on management of logistics networks, is now offering a new diagnostic transportation assessment service called StoneBench. The new service, currently free though the company plans to start charging down the road, provides companies with an evaluation of their transportation processes and operational performance and benchmarks the results against those of similar size companies. &n...
|
| Vista expands base in Indiana |
|
Friday, March 30, 2012
|
|
enVista, a supply chain consulting firm, will expand its headquarters in Carmel, Ind., by investing $1.2 million to add 10,000 square feet to its offices. The expansion is expected to create up to 96 new jobs by 2016, according to the Indiana Economic Development Corporation (IEDC), a board headed by Gov. Mitch Daniels. enVista, which focuses on the retail, automotive and health care industries, said it will also buy new hardware and software ...
|
| U.S. truck tonnage falls 4% in January |
|
Thursday, March 01, 2012
|
|
U.S. trucking volumes fell back sharply in January. The American Trucking Associations' preliminary truck tonnage index of for-hire fleets dropped 4 percent to 119.4 in the first month of 2012 after advancing 6.4 percent, to a record 124.4 in December. The index is based on a survey of member companies and is adjusted to account for seasonality. The index increased 3.6 percent compared to the same month a year earlier, representing a more accurate picture of the improving healt...
|
| TP Pulse review: Long-term rates help prevent rolls |
|
Wednesday, February 01, 2012
|
|
Last week American Shipper surveyed shippers on the transpacific eastbound trade and the results were, as expected, quite enlightening. But perhaps the most intriguing number to emerge from the latest Transpacific Pulse survey was this: shippers who don’t lock in their rates on the trade for the year were five times more likely to have their cargo rolled in Asia than those that did. For all the talk about shippers and carriers and truly becoming partners, here is ta...
|
| Study: Oakland port pollution drops |
|
Wednesday, February 01, 2012
|
|
The Port of Oakland said a study by the Institute of Transportation Studies at the University of California at Berkeley found a 50 percent decline in diesel particulate matter emissions from drayage trucks and a 40 percent decline in nitrogen oxide emissions in the port area following implementation of the clean trucks component of the port’s comprehensive truck management program. The UC Berkeley study measured ambient conditions directly above 7th Street in a...
|
| APL ships 94% on-time in TP in 2011 |
|
Tuesday, January 31, 2012
|
|
The liner carrier APL said Tuesday on-time performance for the five transpacific services directly operated with its own ships was 94 percent in 2011. According to internal figures, APL ships missed their arrival window 15 times out of 234 port calls to the U.S. West Coast, with the delays caused by weather and port congestion. “We have continued our focus on providing customers with schedule reliability,” said APL President Ken Glenn. “Although our reliabil...
|
| Shippers see TP roll-up, rates falling |
|
Monday, January 30, 2012
|
|
The number of eastbound transpacific shippers whose cargo was rolled has increased markedly since November, according to American Shipper ’s latest survey of shippers, intermediaries and carriers in the trade. In November, American Shipper found that 31 percent of shippers had experienced recent cargo rolls, but that number spiked to 60 percent, according to the most recent poll, conducted Jan. 27-30. American Shipper ’s Transpacific Pulse survey drew responses fro...
|
| Trade finance dwindles in 2012 |
|
Friday, January 20, 2012
|
|
New research by the International Chamber of Commerce and International Monetary Fund has revealed a pessimistic outlook for demand for trade finance products like letters of credit in 2012, with the euro crisis largely to blame. Based on input from 337 financial institutions responding to a joint ICC-IMF survey , the findings show emerging Asia has the strongest outlook globally while the euro area is the weakest. Results of the survey were released Thursday by the U.S....
|
| India opens door to foreign retailers |
|
Monday, November 28, 2011
|
|
The Indian government last week opened its doors to multinational retailers through a relaxing of foreign direct investment regulations. The government has proposed allowing single-brand retailers (such as the furniture giant IKEA) to wholly own stores in India, while multi-brand retailers (like Wal-Mart and Carrefour) can own a 51 percent stake. Previously foreign retailers could only own a 49 percent minority stake in a joint venture with a domestic company. The ...
|
| Carrier reliability 3Q report from Drewry |
|
Thursday, November 10, 2011
|
|
Container service reliability improved for the second quarter in a row during the third quarter of 2011, according to Drewry Maritime Research’s latest Schedule Reliability Insight report. The proportion of 3,281 ships arriving on time (defined as either arriving at port on the advertised ETA or a day earlier) at selected ports in the third quarter of 2011 rose by 8 percent points compared to the previous quarter, to 63 percent. Maersk Line retained its position as...
|
| Time savings reduce trade transaction costs |
|
Wednesday, November 09, 2011
|
|
Trade transaction costs across the Asia-Pacific region have fallen 5 percent between 2006 and 2010, resulting in savings of $58.7 billion for businesses, according to a new report prepared on behalf of the Asia-Pacific Economic Cooperation. APEC said an independent research team has investigated whether the organization has met its target of reducing trade transaction costs between 2007 and 2010, after implementing a comprehensive action plan to facilitate trade in the Asia-Pac...
|
| Hapag-Lloyd launches emissions calculator |
|
Thursday, October 20, 2011
|
|
Hapag-Lloyd said it has created a computer program that shippers can use to calculate the emissions of carbon dioxide, sulfur dioxide (SO2), nitrogen oxides (NOx) and particulate matter (PM10) resulting from transport of their goods. The German container shipping company said its "EcoCalc" tool covers emissions of not only the ocean leg, but also the emissions created onshore during an intermodal move. It can be found here .
|
| House bill seeks ballast discharge standard |
|
Friday, October 14, 2011
|
|
LoBiondo The U.S. House Transportation and Infrastructure Committee on Thursday approved a bill that would establish a uniform standard for vessel ballast water treatment. The 2011 Commercial Vessel Discharges Reform Act (H.R. 2840) was approved by voice vote. The bill, introduced in the House by Coast Guard and Maritime Transportation Subcommittee Chairman Frank LoBiondo, R-N.J., amends the Clean Water Act to set a single nationwide performance standard, whi...
|
| FMC publishes proposed rate index rule |
|
Thursday, October 13, 2011
|
|
The U.S. Federal Maritime Commission has published a proposed rulemaking to amend its rules to provide common carriers and their customers with certainty and flexibility if they decide to use long-term contracts that adjust based on a freight rate index that reflects changes in market conditions. The FMC has found that an increasing number of service contracts filed with the commission reference freight rate indexes. These indexes include, for example, the China Containerized F...
|
| Maersk tops SeaIntel’s schedule index |
|
Wednesday, October 12, 2011
|
|
Maersk Line, Hamburg Süd, and MOL in September retained their positions as the three lines with the highest on-time performance in the liner industry, according to the latest figures from maritime analyst SeaIntel. Maersk's on-time performance rose from 74 percent in August to 85 percent in September, while Hamburg Süd's on-time percentage dropped from 85 percent to 81 percent, and MOL's fell from 70 percent to 68 percent, SeaIntel said. Global on-time performance increased from...
|
| TSA now headed by committee, not chairman |
|
Thursday, September 22, 2011
|
|
The Transpacific Stabilization Agreement said it is being led by a executive committee instead of a chairman. The discussion agreement said the change was made on July 1 after expiration of the 18-month term of TSA Chairman Y.M. Kim, who is president and chief executive officer of Hanjin Shipping. "The move reflects TSA’s expanded, more diverse membership over the past two years, and the need to base strategic decisions going forward on member’s different geographic, ...
|
| S&P revises Hapag-Lloyd outlook to 'negative' |
|
Wednesday, September 21, 2011
|
|
Rating agency Standard and Poors said Tuesday it has revised its outlook on German containership operator Hapag-Lloyd to negative from stable. At the same time, it affirmed the BB- long-term issuer credit rating and the B issue rating on the 480 million-euro senior unsecured notes due 2015 and the $250 million senior unsecured notes due 2017 issued by Hapag-Lloyd AG. "The outlook revision reflects Hapag-Lloyd's significantly lower profitability in the first half of...
|
| Stable imports belies poor growth ahead |
|
Tuesday, September 20, 2011
|
|
Import cargo volume at the nation’s major retail container ports is holding stable relative to 2010 levels, a sign the summer-long downturn has ended as retailers prepare for the holiday season, according to the monthly Global Port Tracker report released Monday by the National Retail Federation and Hackett Associates. Gold Hackett “With the most crucial spending period of the year just weeks away, retailers have made careful decisions on the amount of merchandise they need to ...
|
| APL: High volume, low rates |
|
Tuesday, September 20, 2011
|
|
Liner carrier APL’s average revenue per 40-foot container fell 20 percent year-on-year to $2,559, in the four-week period ending Aug. 26, the line said Monday. APL’s volume increased 8 percent in the same period to 235,200 TEUs, mirroring the line’s volume growth year-to-date, which stands at 1.9 million TEUs. Average revenue per FEU has fallen 7 percent for the year to $2,567. “The increase in volume was mainly due to higher volumes carried on the int...
|
| Damco launches online CO2 calculator |
|
Wednesday, September 14, 2011
|
|
A.P. Moller's freight forwarding and supply chain management subsidiary Damco has begun providing customers with an online calculation of carbon dioxide emissions. The new information is available online at myDamco, the browser-based customer interface with Damco, and will enable customers to track carbon dioxide emissions for all products shipped by ocean and air. “Our customers are faced with increasing requirements for more efficient and sustainable supply chain...
|
| Container gain ground in reefer trade |
|
Tuesday, September 13, 2011
|
|
A new report by Drewry Maritime Research projects that by 2014, about 74 percent of reefer cargo will move on containerships instead of purpose-built breakbulk reefer vessels. Drewry's latest Reefer Shipping Market Annual Review and Forecast 2011/12 , said 12-month charter rates for conventional reefer ships continue to fall after a 10 percent drop in 2010, no new reefer ships are on order, and an average of 36 reefer ships were scrapped annually from 2008 to 2010. Ninetee...
|
| Asia/Europe volume up, rate down in July |
|
Monday, September 12, 2011
|
|
Asia/Europe ocean freight rates continued their nosedive in July, according to the latest figures from Container Trades Statistics (CTS), which gathers volume and price information from carriers on trades to and from Europe. CTS’s rate index on westbound head-haul Asia/Europe shipments dropped below 80 (the benchmark is 100) in July, its lowest point since August 2009. The westbound Asia/Europe trade is also the lowest of the six trades CTS tracks i...
|
| SeaIntel unveils reliability index |
|
Monday, September 12, 2011
|
|
Maritime analyst SeaIntel on Monday released a new measure of liner carrier reliability. The SeaIntel Global Liner Schedule Reliability report will track, on a monthly basis, 1,300 vessels arriving at more than 200 ports globally, with reliability figures given on 16 global trade lanes. The first report, which looks at July and August arrivals, measured 13,500 arrivals over the two-month period. It found that Hamburg Süd was the most reliable carr...
|
| FMC addresses index-linked contracts |
|
Friday, September 09, 2011
|
|
The U.S. Federal Maritime Commission on Thursday voted unanimously to initiate a rulemaking to give more leeway for ocean carriers and shippers to use service contracts with rates linked to freight rate indexes. To date, the FMC said it has received more than 50 service contracts that reference freight indexes. Under the commission's current rules, service contracts can only reference outside terms, such as a rate in a freight index, that are 'contained in a public...
|
|
|