Bharat Mumbai Container Terminals (BMCT) and Container Corporation of India (Concor) have signed a memorandum of understanding for dedicated container trains in an effort to consolidate multimodal transport.
APM Terminals and the Alabama State Port Authority (ASPA) have approved a $49.5 million expansion of the container facility at the Port of Mobile.
Barge transport delays of up to 96 hours are occurring at the ports of Rotterdam and Antwerp due to increasing cargo volumes, according to intermodal operator Contargo.
The Canadian port will invest $400 million in a new container handling terminal along the St. Lawrence-Great Lakes Trade Corridor as part of Quebec’s Beauport 2020 investment project.
Intermodal industry analyst FTR and load board Truckstop.com have found that despite ongoing wildfires in the Los Angeles area, California outbound van volumes were at a “normal” level for early December.
The drivers’ unionization vote is at least the fourth such decision by intermodal company workers in the past 13 months, according to the Teamsters union.
According to container terminal operator Hutchinson Ports, Felixstowe is the first United Kingdom port to handle over 1 million TEUs by rail in a single year.
Omaha, Neb.-based Werner Logistics opened a new office in Laredo, Texas last week and expects the office will create 50-100 new jobs within the next few years.
The Owner-Operator Independent Drivers Association (OOIDA) has issued a letter to state attorneys general in all states asking them to review potential problems surrounding upcoming enforcement of the electronic logging device mandate.
The Port Authority of New York and New Jersey’s (PANYNJ) 2018 operating budget is an increase of $61 million, or 1.9 percent over the 2017 budget, and expenses are expected to be offset by a revenue increase of $127 million (2.5 percent), over last year.
The Port of Virginia reported a 1.9 percent increase in TEU volumes and a 1.7 percent increase in total containers for the month, according to figures from the Virginia Port Authority (VPA).
Intermodal rail traffic remains on pace to set a new annual record in 2017, according to the Association of American Railroads (AAR).
The Belgian port authority selected seven projects from a Call to Proposals earlier this year aiming to reduce truck traffic and congestion.
Yusen Logistics will acquire the Romanian warehousing, transport and intermodal service provider Tibbett Logistics, pending regulatory approval.
Following a Thanksgiving week that saw loads depressed, but not rates, the spot freight market was going full steam ahead last week with loads climbing 64% on the DAT network of load boards.
Under the agreement, CMA CGM will remain a minority shareholder with a 10 percent stake in the Port of Los Angeles terminal and will continue to be a major user of the facility under a long-term contract.
An Administrative Law Judge has ruled that Intermodal Bridge Transport’s practice of “misclassifying employees as independent contractors” is an “unfair labor practice” and a violation of their rights under the National Labor Relations Act.
Already a hot commodity in Asia, exports of frozen and chilled meat from the U.S. Midwest and California could get a boost from a $90 million temperature-controlled rail transloading facility currently under construction at the Port of Oakland.
The North American Chassis Pool Cooperative (NACPC) has added 1,200 chassis that will be integrated into its South Atlantic Consolidated Pool and Chicago & Ohio Valley Consolidated Pool common-use and premium chassis network.
UPS hires chief transformation officer; Canadian Pacific names vice presidents for its three business units within the sales and marketing team; SeaCube Container Leasing names chief commercial officer; and MPC Capital unveils changes in its shipping unit.
The Icelandic ocean carrier will up the frequency of its Green Line service by adding a third vessel between Reykjavik, Halifax and Portland, Maine.
BiTA, previously known as the Blockchain in Trucking Alliance has expanded its mission and renamed the Alliance the Blockchain in Transport Alliance to reflect its focus on all forms of transportation, not just trucking.
The story of railroads is as old as the independence of the United States. The growth of railroads ran in parallel with the economic surge and transportation expansion of the 19th century. Fast forward two centuries and the grasp of railroads on the freight transport market has all but waned.
North American intermodal pricing in October inched up 1.9 percent from October 2016, marking the thirteenth consecutive month of year-over-year increases, according to the latest Cass Intermodal Price Index.
FMCSA has made two recent changes to hours-of-service and ELD compliance that affects the agricultural community.
Logistics provider and container terminal operator Hamburger Hafen und Logistik AG (HHLA) recorded group revenues of 942.8 million euros for the first nine months of 2017, up 8.3 percent from the corresponding 2016 period.
Profit Tools Inc., a provider of Intermodal Transportation Optimization Solutions, today announced that it has joined the Blockchain in Trucking Alliance (BiTA).
September 2017 marked the twelfth consecutive month of rising intermodal rates as hurricanes Harvey and Irma contributed to a 12-14 percent increase in diesel prices, according to data from the latest Cass Intermodal Freight Index report.
Asian shippers are siding with the Notorious B.I.G.’s declaration of regional loyalty from the 1997 hit “Goin’ Back to Cali”: “If I got to choose a coast, I got to choose the East.” The expansion of the Panama Canal that doubled its capacity has started shifting freight to east coast ports, which have invested billions in dredging, construction, and equipment purchases to take advantage of the increased flow.
Shippers may not be paying the correct price for fuel based on the way contracts are written and fuel surcharges are applied, according to Breakthrough Fuel, which advises a market-based approach instead of the traditional surcharge method.
Boeing patented a design for an intermodal container-carrying plane that can pick up and drop off boxes directly onto the airport runway. This plane embodies an intermediate mode between currently existing high priority, high cost air freight and low priority, low cost railway and ship freight.
Steadily rising global copper prices have spurred US production, up 21% since 2011. Although Chinese demand has softened somewhat, copper from mines in the Southwest should flow into Texas, Florida, and California as they rebuild from natural disasters.
The U.S. has its first electrified highway. While not a long stretch, the one-mile catenary system on the north- and south-bound lanes of South Alameda Street from East Lomita Boulevard to the Dominguez Channel in Carson, CA, are providing a proving ground for the technology.
Now North America’s largest provider of truckload services, Knight-Swift Transportation Holdings recorded a net income of $4.2 million on revenues of $521.6 million for the quarter, according to the newly merged firm’s most recent financial statements.
The Gulf Coast port also saw increases in breakbulk and the return of roll-on/roll-off service for the first time since 2005, Port of New Orleans CEO Brandy D. Christian said at the annual State of the Port address Thursday.
Truckload, intermodal and logistics provider Schneider National reported a net income of $36.9 million for the third quarter of 2017, up 0.2 percent compared to the same period in 2016, according to the company’s latest financial statements.
Cargo and vehicles can become damaged en route, and often carriers are on the hook for those damages. But a new startup, PEIR, is providing photographic proof of conditions to help protect carriers.
The Port Authority of New York and New Jersey (PANYNJ) is projecting a surplus of revenues after operating expenses and debt service of $1.5 billion for next year, which would be up $12 million (0.8 percent) from 2017 levels.
Shipment volumes for the month grew 3.2 percent year-over-year, while expenditures rose 4.6 percent, according to the latest Cass Freight Index Report.
The Jacksonville, Fla.-based Class I railway may be backing away from its previously announced plans to develop an intermodal rail terminal neat Rocky Mount, N.C., according to multiple media reports.
Through the third quarter of 2017, Berkshire Hathaway-owned Class I railroad BNSF posted an operating income of $5.3 billion, a $462 million (9 percent) increase over the first three quarters of 2016, according to the company’s latest financial statements.
Argus Transport Canada, a technology-driven Montreal based trucking and 3PL today announced it has joined the Blockchain in Trucking Alliance (BiTA).
Combined U.S. carload and intermodal originations rose to 2.2 million units last month, up 3.1 percent compared to October 2016, according to data from the Association of American Railroads (AAR).
The third-party logistics provider saw its net profits drop despite revenues increasing 12.8 percent as it absorbed debt and expenses from recent acquisitions.
The Jacksonville, Fla.-based Class I railway will not be moving forward with a project that would have allowed the tunnel, which connects to the Port of Baltimore, to accommodate double-stacked container trains.
Driven by top line sales growth and a booming e-commerce market, the roll-up trucking and third-party logistics provider reported the highest revenues, net income and cash flow of any quarter in its history, CEO Brad Jacobs tells American Shipper.
Trucking operators may soon turn to a computer program to send drayage trucks to and from port terminals and elsewhere.
P.B. Industries (PBI) has joined the Blockchain in Trucking Alliance (BiTA), an Alliance to create a common framework in order to assist members and industry participants with their organization’s decision to develop and adopt blockchain technology.
Total intermodal volumes increased 6.3 percent during the third quarter of 2017 with the seven high-density trade corridors tracked by IANA collectively up 5.2 percent, according to recent statistics from the Intermodal Association of North America (IANA).
Jack Hellmann, chairman, president and CEO of short-line and regional railroad operator Genesee & Wyoming, said the company is continuing to evaluate various acquisition and investment opportunities across its global footprint of railroads.
Seaspan names new chief executive officer; Wen-Parker Logistics appoints key account manager and director of finance; and ContainerPort Group President passes away.
The trailer portion of EPA’s Phase 2 greenhouse gas regulations will be on hold following a federal appeals court hearing on Friday. The court, with the support of EPA which did not challenge the ruling, stopped implementation of the rule that affects trailers.
In order for the current short-term bounceback in the container market to turn into a true recovery, carriers must stop ordering new larger vessels and continue high levels of ship scrapping, according to speakers at the 2017 IANA Intermodal Expo.
Stifel sees stable, strong market fundamentals across transport. Click through for a recording of Stifel’s Friday afternoon BiTA conference call.
The Class I railway recorded a net income of $1.2 billion for the quarter, up 6 percent year-over-year, amid a 5 percent boost in operating revenues that came despite a 1 percent drop in volumes.
The process of matching freight is complicated – with many parameters involved in exploring thousands of different possible combinations in real time and in identifying the best possible match to the parties involved. TGMatrix, a startup based out of Oxford in the United Kingdom, is working on creating an intermodal freight matching engine.
The purchase of 72,000 53-foot chassis from rival TRAC Intermodal expands Direct ChassisLink, Inc.’s (DCLI) asset base as the company builds a single platform to manage marine and domestic chassis.
The increase in net income at the Norfolk, Va.-based Class I railroad was driven primarily by an 11 percent rise in income from railway operations, according to Norfolk Southern’s most recent financial statements.
In addition to Brad Jacobs, CEO of trucking and roll-up third-party provider XPO Logistics, the Containerization & Intermodal Institute (CII) will also recognize the Port Authority of NY & NJ for the raising of the Bayonne Bridge at the 2017 Connie Awards.
As a complete overhaul of U.S. infrastructure looms, private investment in once far-fetched ideas and alternative technologies like Hyperloop might be the freight industry’s best chance at revamping outdated and overworked transportation assets.
The purchase of 72,000 53-foot chassis from rival TRAC Intermodal expands Direct ChassisLink, Inc.’s (DCLI) asset base as the company builds a single platform to manage marine and domestic chassis.
In the future, trailer pools may no longer be the domain of truck large truckload fleets. Could they disrupt the LTL market as well and might brokers and 3PLs be able to take advantage?
Montreal, Canada-based Class I railway Canadian National (CN) saw its net income drop 1 percent year-over-year to C$958 million (U.S. $750 million) in 2016 on revenues that rose 7 percent to C$3.2 billion.
Despite impacts from Hurricane Harvey in August, Port Houston’s year-to-date container and cargo volumes remained strong as the U.S. Gulf Coast port moves forward with its $700 million modernization plan.
Proponents of project labor agreements (PLAs) say they help keep infrastructure development works on time and on budget, as well as benefiting the community through local hiring requirements, but detractors say they make projects more expensive.
The driver shortage is increasing, according to Bob Costello, chief economist of the American Trucking Associations, but it’s not as bad as many people believe.
Freight Alley is getting an infrastructure addition. In 2018, the Georgia Port Authority (GPA) will be opening its second inland port on 42 acres in Northwest Georgia’s Murray County.
Sections of the long-haul and drayage trucking communities are still unprepared for implementation of the fast approaching federal mandate to install electronic logging devices (ELDs) on all commercial trucks and buses by Dec. 18, 2017.
The Class I railway has discontinued various direct lanes for intermodal freight that originated or terminated in Columbus, Ohio and Detroit, Mich. as part of its transition to new CEO Hunter Harrison’s precision scheduled railroading model.
Class I railway Canadian Pacific’s (CP) net income for the quarter surged 47 percent year-over-year to $510 million Canadian (U.S. $408 million) amid higher revenues and volumes, according to the company’s most recent financial statements.
Paper Transport, Inc. has been accepted as a member of the Blockchain in Transportation Alliance. Paper Transport, Inc. choose BiTA because of the alliance’s commitment to building a standard communication framework for the next generation of logistics providers.
The St. Louis region’s barge industry has handled 500,000 tons per mile, according to the U.S. Army Corps of Engineers (USACE), making the region two-and-a-half times more efficient than its closest competitors.
Celadon Group has announced the appointment of Thom Albrecht as executive vice president – chief financial and strategy officer. Albrecht is president of consulting firm Sword & Sea Transport and a member of the TransRisk Board of Advisors.
The United Kingdom’s Secretary of State for Transport has approved a plan to install additional rail tracks to increase freight capacity at the Port of Felixstowe, the port announced on Monday.
Seasonal surges in cargo demand, along with wildfire risks in California, have increased dwell times and slowed rail operations on the U.S. West Coast, according to an advisory from ocean carrier Maersk Line.
A lot of facts and figures get thrown out by startups in the trucking space. Its important to understand whether these facts are credible or not.
Coyote Logistics, a UPS company and leading global third-party logistics service provider, announced today that it has joined the Blockchain in Trucking Alliance (BiTA).
A new report says the U.S. will lose 50,000 auto parts industry jobs if the country pulls out of the North American Free Trade Agreement (NAFTA), according to Reuters.
The chassis leasing company extended its Inland Premium Pool, a reservation-based supply of premium DCLI chassis equipment that was first launched in Los Angeles/Long Beach, to the south side of Chicago.
FIATA announces election results; Saltchuck selects Young Brothers president to lead its Hawaii business initiatives; and the Transportation Institute at the University of Denver’s board of directors elects new chair.
A farm consortium consisting of short-line and regional railroad operator Genesee & Wyoming Inc. and Bluegrass Farms of Ohio will continue to own the facility and will operate it on behalf of Calgary-based Class I railroad Canadian Pacific.
In the rush to develop autonomous, long-haul trucks (and trains) that could double productivity – driving for 24 hours a day with no need for rest – it may turn out that the competition for freight may really be in the sky.
The only group of employees in C.R. England’s 8,000-plus workforce that is part of a union has voted to decertify Teamsters Local 705. Drivers in C.R. England’s Chicago Intermodal division, which represented less than 1% of the company’s employees, voted on Sept. 20 to leave the union.
With the new decertification, which was approved via membership vote, none of CR England’s over 8,000 employees are currently represented by a union, the trucking company said in a statement Monday.
Union Pacific names vice president and treasurer, vice president-planning and analysis, and vice president-tax; and Crane Worldwide Logistics hires vice president, ocean products.
The Arkansas port has begun construction on a $10.9 million intermodal project, which will connect the port to two major highways and two Class I railroads, according to a report from the Memphis Business Journal.
Eight of the 20 carload commodities tracked by the Association of American Railroads (AAR) were on the rise in September 2017 compared to the same period a year prior, according to recent data from the association.
The Oak Brook, Ill.-based industrial real estate development and management firm said the disposition consisted of about 2.4 million square feet and 110 acres of land.
The Oregon-based freight railcar manufacturer announced its fourth quarter railcar orders, which are valued at $200 million, and additional orders at the beginning of the company’s 2018 fiscal year.
The use of 40-foot chassis in the Seattle-Tacoma area has risen from 72 percent to 92 percent, causing supply to run short, according to Northwest Seaport Alliance data.
Truck trailer manufacturer Wabash National purchased Supreme Industries for $364 million, receiving 90.88 percent of its shares, the company said in a statement.
The project will see the terminal operator and drayage appointment system provider collaborating to take unnecessary steps out of the cargo availability and appointment process.
project44 makes additions to its sales and engineering teams, and Worldwide Express hires chief technology officer.
The momentum in both contract and spot rate increases should feel like a rocket ship. For the first time in years, fleets will enjoy pricing power
Continued tightening of capacity is driving up FTR’s Trucking Conditions Index (TCI). The TCI for July posted a positive reading of 5.75, reflecting tightening capacity, rising spot rates and a further impact this fall and winter from the implementation of electronic logging devices, FTR said.
The new RoadStar road service app gives motor carriers real-time visibility and tracking of their emergency road repair requests, plus updates all parties in the repair chain, chassis provider TRAC Intermodal said in a statement.
During a wide-ranging panel discussion at the 2017 IANA Intermodal Expo in Long Beach, Calif. on Sept. 19, a handful of industry insiders suggested instituting an appointment system and a flat fee at the ports of Los Angeles and Long Beach.
Representatives from the Pacific Merchant Shipping Association and Harbor Trucking Association aired their grievances with the Clean Air Action Plan (CAAP) in the ports of Los Angeles and Long Beach at the 2017 IANA Intermodal Conference on Sept. 18.
CSX Intermodal Vice President Dean Piacente explained how the Jacksonville, Fla.-based railroad came to suffer through the well-known service interruptions that plagued it during in the weeks and months leading up to Hurricane Irma.
With the opening of CSX’s new rail terminal in Pittsburgh earlier this month, the Port of Virginia is now able to offer rail service to Western Pennsylvania and Northwest Ohio.
