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Freight Costs

A Call for Transportation Management Upgrades

Gerald Hoppe As Vice President and Product Owner Gerald is responsible for SAP’s solution package offerings for Logistics, R&D and Manufacturing Lines of Businesses. He holds a Degree in Computer Science & Business Administration from University of Mannheim.

Reduce the Headaches: The Need for an Upgraded Transportation Management System In 2009, the United States alone shipped more than 2.2 billion pounds of goods such as coal, crude materials like wood, sand and gravel, and primary manufactured goods (United States Census Bureau). Undoubtedly, this required complex logistical planning for companies shipping their goods and left many transportation managers with headaches. Therefore, it should come as no surprise that there is an uptick in interest to invest in upgraded transportation management systems that help companies manage shipping both domestically and internationally. In fact, a recent survey by EyeForTransport showed transportation management systems to be the top category for future IT investments at 53%—ahead of CRM, WMS and other software applications. But what are the reasons that more advanced transportation management systems are piquing the interest of companies around the world? Commercial transportation faces unprecedented complexity. For shippers and logistics service providers (LSPs), ever-increasing customer demands for efficiency require more transportation accuracy, speed, and flexibility than ever before. So to help keep customers happy around the world by ensuring that the correct goods are shipped and received on time, transportation managers are leveraging systems that enable an end-to-end order management process


U.S. Cargo Preference Billing

The Office of the Inspector General (OIG) of the Department of Transportation released a report stating that the Maritime Administration (MARAD) is required to reimburse the Department of Agriculture (USDA) for “excess” ocean freight costs that food assistance programs incur in order to comply with cargo preference statutes. There is a dispute between MARAD and USDA regarding how to calculate the amount owed. USDA recently billed MARAD $379 million in excess freight charges


Submarines As Ore Carriers?

Russia'sNorilsk Nickel - a big metal producer -- has finished a feasibility study of a project to use nuclear submarines for ore shipments, which once started will cost $80 million, Norilsk's chairman said. "The feasibility study has been prepared and now the board of directors has to approve spending of up to $80 million for its implementation," Yuri Kotlyar said. "But even then the decommissioning of the submarines should be sanctioned by the state."


CaroTrans Assures Seamless Transport on US West Coast

CaroTrans Logo

  CaroTrans, a leading global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, today announces their U.S. West Coast port readiness program to address potential supply chain disruptions. Congestion and current labor issues are impacting the flow of cargo at U.S. West Coast ports and there is the likelihood of further instability. To address this infrastructure challenge, CaroTrans has developed alternative routing solutions to lessen the impact on supply


Cheaper Fuel to Boost Container Shipping

Photo: Tanner Matheny

Lower oil prices are sharply reducing the cost of shipping merchandise from Asia to the United States and Europe as the cost of bunker fuel tumbles. Container shipping companies deal with the volatility in fuel prices by adding a separate bunker adjustment factor or fuel surcharge to their freight rates. Fuel can account for more than 60 percent of the total operating costs of moving freight across the oceans so the surcharges are one of the most important elements of total


China Seeks to Build Shipping Railways in Brazil

Brazil hopes that during a visit by Chinese President Xi Jinping it can boost ties with its biggest trade partner beyond the exchange of commodities for manufactured goods, but that may be wishful thinking. Accords China will sign with Brazil when Xi meets with President Dilma Rousseff on Thursday focus on improving infrastructure to make sure raw materials China is hungry for make it to port, with railways a top priority.


Pioneer Natural Resources to Double Condensate Exports

3rd U.S. condensate export cargo heading to Singapore; Pioneer expects exports to rise to 50,000 bpd next year. Eyes exports of bigger cargoes to reduce freight costs. Pioneer Natural Resources plans to double its U.S. exports of condensate, an ultra-light oil, to 50,000 barrels per day (bpd) next year, its chief executive said on Monday. The U.S. shale resources explorer, along with Enterprise Product Partners LP, received the green light from the U.S


Banking on US Shale Gas Boom, Asia Petrochemical Firms Switch to LPG

Asia petrochemicals firms are building tanks and retooling plants to store and process liquefied petroleum gas imported from the United States, counting on a flood of supply from the shale boom to replace costlier naphtha as a raw material. Samsung Total Petrochemical, LG Chem and Royal Vopak are among a number of companies in Asia expanding import terminals or retrofitting plants over the next one to two years as they buy more LPG


SeaBridge Freight - New Cargo Service

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SeaBridge Freight, Inc. of Jacksonville, FL announced that it will launch its “marine highway” short sea transportation service on December 1, 2008. SeaBridge Freight will initiate its bluewater container-on-barge operation between the Port of Brownsville, TX and Port Manatee, FL. The Company’s 600 TEU capacity barge (approximately 300 truckloads) will link the large and growing Texas/Mexico and Southeastern U.S. markets.


Asia-Europe Container Freight Rates Fell 6.5 pct

image: file photo

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 6.5 percent to $938 per 20-foot container (TEU) in the week ended Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters. It was the fourth consecutive week of falling freight rates on the world's busiest route. Container freight rates have so far increased two weeks this year but fallen for five.


Kenya Eyes Inland Cargo Logistics Hub to Serve Nearby States

 Kenya aims to build a cargo logistics hub near the border with Uganda to receive and clear goods through customs that arrive by air, rail or road, easing pressure on the port of Mombasa and Nairobi airport, a senior regional official said.


Main Sea Freight Index at Baltic Exchange Raises

Pic:  Baltic Exchange Ltd

 The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities rose further on Friday mostly on higher capesize rates. The index tracks rates for ships carrying dry bulk commodities.   The overall index, which factors in average daily earnings of capesize


Liner Service Reliability Jumps to 64%

Pic: Maersk Line

 According to Drewry Supply Chain Advisors, liner shipping service reliability on the three East-West trades showed an aggregate on-time performance of 64% in March - a five-month high.   According to Carrier Performance Insight, the online schedule reliability tool provided by Drewry


Suezmax Tankers Bullish

 Suezmax: By Palmali Group of Companies

Global fixture activity for suezmax crude tankers rose in the first quarter by 5% year on year, with most of the activity coming out of West Africa.   Suezmax fixtures out of the Caribbean rose by 48%, most of which headed to the US Gulf and East coast Panama.  


Box Ship Oversupply Stoking Trouble

Source: Drewrys Container Forecaster

Despite positive growth momentum, the container shipping industry continues to suffer new, big ship deliveries with no let-up to the ordering frenzy according to the Container Forecaster, published by Drewry Maritime Research.   Drewry forecasts another year of excess growth in relation to


Officials Call for Freight Infrastructure Investment

Rep. Lowenthal to Head ‘Call to Action’ on Critical Need for Long-term Freight Infrastructure Funding; Congress Members and Goods Movement Stakeholders to Address National Need   Congressman Alan Lowenthal (CA-47) will be joined by Rep


Container Rates Fall on Declining Chinese Exports

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Since February, freight rates on the three key container shipping lanes has left the erratic up and down movements behind only to slide week after week. On Friday April 10, 2015 the freight rate including ocean freight and surcharges, i.e


Box Ship Freight Rates Fall on Declining Chinese Exports

Container freight index

  Since February, freight rates on the three key container shipping lanes has left the erratic up and down movements behind only to slide week after week. On Friday April 10, 2015 the freight rate including ocean freight and surcharges, i.e


Enhanced Efficiency, Capacity at Corpus Christi Port

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  U.S. Department of Transportation Maritime Administrator Paul ‘Chip’ Jaenichen today joined Federal, State and local officials at the Port of Corpus Christi for a ribbon cutting ceremony marking a major step forward in the development of an expanded rail yard


Western Port Industry Leaders to Meet

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Port authority CEOs and senior staff from throughout the Western Hemisphere, along with maritime industry leaders, influencers and policymakers are expected to converge on Washington, D.C., April 20-21, to attend the 2015 Spring Conference of the American Association of Port Authorities (AAPA)


Mega-Port Trends is Failing Global Traders

Patrick Walters, Peel Ports

Peel Ports’ Commercial Director to call for radical rethink by shipping network on destination ports during address at Intermodal·Shippers and cargo owners need to take more of a role in lobbying lines to call at ports closer to the origin and destination of goods Liverpool2 to usher


U.S. Port Delay Boost February Air Freight

Global air freight volumes rose 11.7 percent year-on-year in February, driven by the Chinese New Year, the International Air Transport Association said on Wednesday. Freight volumes traditionally increase in the weeks leading up to the holiday, which last year occurred in January


Shipping Confidence Hits 2.5 Year Low

Richard Greiner, Moore Stephens Partner, Shipping Industry Group (photo courtesy of Moore Stephens)

  Overall confidence levels in the shipping industry fell to their lowest level for two-and-a-half years in February 2015, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens.  


Direct Le Havre to Charleston LCL Import Service

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CaroTrans has announced the addition of an expedited Le Havre, France to Charleston LCL import service.    This is the only direct, weekly Le Havre to Charleston LCL service available in the market.  It is a 12 day transit to Charleston and a maximum of 3 additional days to


Rand Logistics Announces Debt Refinancing

Rand Logistics, Inc. announced today that it has closed a $170.0 million revolving loan facility which refinanced approximately $102.0 million of the company's senior secured debt and increased credit availability.   Rand said in a statment that the refinancing accomplishes the following






 
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