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Intermodal

FreightWaves Staff Saturday, October 4, 2014

Commentary: Avoiding Incoterm misuse

   Contemporary anecdotal evidence suggests, and recent empirical substantiation supports, the phenomenon that shippers are continually misusing Incoterms. This practice continues among the world’s shippers despite the International Chamber of Commerce’s insistence that certain terms are solely intended for maritime or intermodal containerized freight. But the fault may not lie solely on the buyers and […]

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Chris Dupin Saturday, October 4, 2014

Fairness floor disappearing?

   A recent decision that affirmed two decisions by the U.S. District Court for the Southern District of New York (Sompo Japan v. Norfolk Southern et al. and Nipponkoa Insurance v. Norfolk Southern, et al. 2nd Cir. Nos. 13–3416, 13–3501. Aug. 6.) are the latest in a line of cases that could make it more […]

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Chris Dupin Thursday, August 28, 2014

Direct Chassis Link adds domestic chassis

   Direct ChassisLink Inc., the Charlotte, N.C.-based chassis leasing company formed when Maersk Line decided to divest itself of its chassis fleet, has acquired REZ-1, a provider of domestic intermodal equipment management and services.    REZ-1 currently manages more than 70,000 chassis used to move 53-foot domestic containers. DCLI currently has a fleet of about […]

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Chris Gillis Tuesday, August 26, 2014

Alabama port authority buys industrial properties

   The Alabama State Port Authority on Monday completed the purchase of two industrial properties formerly owned by Walter Energy.    The properties cost the port $25 million, and include about 35 acres fronting the port’s channel and another 63-acre tract within one-half mile of harbor. Both properties are adjacent to the port’s Choctaw Point […]

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FreightWaves Staff Monday, August 18, 2014

Globe Tracker and reefer monitoring specialist partner on reefer visibility tool

   The asset tracking solutions provider Globe Tracker International has begun a partnership with Refrigerated Transport Electronics, a developer and manufacturer of monitoring products for the intermodal refrigerated container industry, the companies said Monday.    The joint solution developed by the two companies is aimed at providing wireless tracking, monitoring and remote management of refrigerated […]

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Chris Dupin Sunday, August 17, 2014

From trolley to ‘eHighway’

California funds study of hybrid dray trucks powered by overhead wires to achieve cleaner air.    The demise of the electric trolley car network that once crisscrossed Los Angeles is an important and controversial chapter in the history of public transportation, even becoming a subplot in the 1988 movie Who Framed Roger Rabbit.    Now […]

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FreightWaves Staff Sunday, August 17, 2014

Shore power disruptor?

Small Calif. firm wants to commercialize cheaper, clean-air alternative to electrifying berthed vessels.    In an effort to reduce air pollution, West Coast ports and shipping lines have spent hundreds of millions of dollars to install electric substations on docks and retrofit vessels with equipment that can receive power from shore. The new infrastructure is […]

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FreightWaves Staff Sunday, August 17, 2014

Pumping up truck rates

Looming capacity shortage, regulatory demands and driver shortage triggers.    After high spot rates during the first few months of the year, prices for van, refrigerated and flatbed transport came down to earth during the summer, but a looming capacity shortage fueled by pending regulatory changes, a driver shortage, and increased demand could push the […]

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Chris Dupin Sunday, August 17, 2014

‘Marine highway’ for chemicals

   A new company, Minyan Marine, believes it has a winning formula for building a successful “marine highway” operation.    While coastal shipping of containers or truck trailers are common in many parts of the world, they have had limited success in the United States.    In August, the Port of Stockton said a weekly […]

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Chris Gillis Wednesday, July 30, 2014

Hamburg Süd opens Nanjing office

   Liner carrier Hamburg Süd has opened an office in Nanjing, increasing its operational footprint in China to 20 locations.    All tasks that were previously carried out by the Ben Line agency will in the future be taken over by the new Hamburg Süd office, including sales, customer order management and container and intermodal […]

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FreightWaves Staff Wednesday, July 30, 2014

C.H. Robinson revenues up 6.5% in Q2

   During the second quarter, C.H. Robinson saw total revenues rise 6.5 percent, year-over-year, to more than $3.5 billion, as net income increased by 6 percent to $118.5 million.    A 15.6-percent increase in truckload revenue to $305.6 million and an 11-percent increase in LTL revenue ($67.4 million) fueled the overall revenue increase. Intermodal revenues […]

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Chris Gillis Tuesday, July 29, 2014

Exel starts North American freight brokerage

   Exel has formed a new freight brokerage company, Exel Freight Connect, to help connect its customers with carriers across the United States, Canada and Mexico.     The new company is located in the warehouse district of Columbus, Ohio.    Exel Freight Connect is expected to generate 117 new jobs in the Columbus area and […]

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FreightWaves Staff Wednesday, July 23, 2014

Railroads reap second-quarter profits

   Norfolk Southern officials said the railroad broke a record for net income during the third quarter, generating $562 million, a 21-percent, year-over-year rise.    Income from railway operations experienced a 22-percent increase to $1 billion.    Coupled with those record earnings, NS’ operating ratio improved by 5 percentage points, as operating revenues rose 9 […]

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FreightWaves Staff Tuesday, July 22, 2014

Freight tonnage to rise 23.5% over next decade

   Freight tonnage will rise 23.5 percent between 2013 and 2025, as freight revenue increases by 72 percent during the same period, according to the American Trucking Associations’ “U.S. Freight Transportation Forecast to 2025.”    The forecast, which is produced with the assistance of IHS Global Insight, shows that trucking’s share of that freight will […]

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FreightWaves Staff Monday, July 21, 2014

Sen. Cantwell, DOT panel offer solutions for freight network

Cantwell    Sen. Maria Cantwell, D-Wash., a long-time advocate for freight investment, plans to sponsor a bill that would support greater development of freight infrastructure as part of a long-term renewal of surface transportation programs. She also reiterated her support for a dedicated funding source for freight projects, which have typically been subject to limited […]

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Chris Dupin Monday, July 21, 2014

CMA CGM acquires stake in Marseille intermodal terminal

   CMA CGM said that through its Greenmodal Transport subsidiary it has acquired a 15.5-percent stake in a company building an intermodal terminal in Marseille.    Other partners in the project in the Mourepiane intermodal terminal are the Grand Port Maritime de Marseille (GPMM), which owns 29 percent; the Chamber of Commerce and Industry Marseille […]

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FreightWaves Staff Wednesday, July 16, 2014

J.B. Hunt sees income rise in 2Q

   J.B. Hunt earned $93.4 million during the second quarter, up nearly $6 million from the same period last year, on fairly robust revenue results for most of its segments.    The company’s largest segment, Intermodal, experienced a revenue rise of 9 percent, year-over-year, to $931 million, on the strength of an 8-percent rise in […]

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Chris Dupin Wednesday, July 16, 2014

Track reopens after Norfolk Southern train derails in Virginia

   A Norfolk Southern train hauling vehicles and intermodal cargo from Lousiville, Ky., to Norfolk, Va., derailed Monday.    A dozen autorack cars and two double-stack intermodal rail cars traveling to Norfolk went off the track in Wytheville, which is about 80 miles southwest of Roanoke, on Monday evening.    Late Tuesday, the track reopened. […]

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