The Government Accountability Office (GAO) issued its report comparing the costs of road, rail, and waterways freight shipments that are absorbed by the government and not passed on to consumers. The analysis shows that on average additional freight service provided by trucks generated significantly more costs that were not passed on to consumers than the same amount of freight service provided by either rail or water. The report estimates that freight trucking costs that were not passed on to consumers were at least six times greater than rail costs and at least nine times greater than waterways costs per million ton-miles of freight transport. GAO-11-134 (2/28/11). (Source: Bryant’s Maritime News)
Canada's Clarke Inc. doubled the size of its freight-management division with the purchase of four U.S.-based companies. Clarke, which has freight transportation and logistics services throughout North America, said it had bought Focus Carriers of Memphis, Tennessee; Kenley Trucking Inc of Atlanta, Georgia; and Creative Logistics of Ripon, California. Purchase prices were not disclosed. - (Reuters)
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.
Shares in Finnish shipping company Finnlines plunged on Wednesday after it said 2000 profit would be worse than expected due to tough competition, higher oil prices and strikes hindering business. On Wednesday shares were trading down 12.5 percent at 23.99 euros, under-performing already soft Helsinki shares. In February Finnlines posted a 1999 profit before extraordinary items of 67.3 million euros ($64.46 million) and said the outlook for 2000 was uncertain due to factors such as tighter
“Moving Goods: More, Better, Faster, Safer” is the theme for the American Association of Port Authorities’ 2007 Operations, Information Technology & Safety Seminar, slated for April 24-26 in Jacksonville, Fla. The seminar will focus on the integration and cooperation required today among those challenged with maintaining and improving freight-handling operations at public ports. Rapidly increasing trade volumes, heightened security requirements and changes in technology can compromise
Funding Commission authorises state aid to a Franco-Spanish Motorways of the Sea project and includes it among the twenty-two selected projects for Marco Polo financing The European Commission gave its green light for the public financing from France and Spain to the Fres Mos project. It will link the French port of Nantes-Saint Nazaire with the Spanish port of Gijon, and will be operated by GLD Atlantique. This Motorways of the Sea project will also receive an EU grant in the framework of
U.S. Transportation Secretary Ray LaHood announced $7m is being awarded to the Mississippi Department of Transportation, the Virginia Port Authority and the Tennessee-Tombigbee Waterway Development Authority to support the transportation of marine cargo between U.S. ports. The announcement comes just five weeks after unveiling the America's Marine Highway program, a new initiative to move more cargo on U.S. waterways.
Acting for the National Waterways Foundation (NWF), the Center for Ports and Waterways at the Texas Transportation Institute, Texas A&M University, has amended their 2007 study, “A Modal Comparison of Freight Transportation Effects on the General Public” to include a comparison of Green House Gas (GHG) emissions between inland river barge transportation, highway and rail transportation.
A separate area for female soldiers, a community kitchen which can accommodate 154 soldiers at once, medical facilities equivalent to a hospital complex including a dental hospital and an operating room, a barbershop, elevators and a canteen: all these facilities can be found in the 14,000-ton Dokdo LPH, Asia's largest amphibious landing and transport vessel, on an area the size of two soccer fields. The Dokdo LPH, which was unveiled recently
Port of Los Angeles breaks ground on US$137-million railyard that will increase on-dock rail efficiency, reduce congestion and improve environment. Los Angeles Mayor Antonio Villaraigosa and Port of Los Angeles officials broke ground on a new intermodal storage railyard that will improve a vital link in the national freight network. The new yard will function as a critical link between the Port of Los Angeles and the Alameda Corridor, providing staging and storage for trains using the corridor
The call for Mandarin and English submissions to present talks for the Intermodal China 2013 - Shippers' Summit is now open until July 12, 2013. Organized by UBM China, Intermodal China - Shippers' Summit will be held at Sheraton Hongkou Hotel, Shanghai, China from September 24 to 25, 2013
To better serve customers making smaller shipments to Puerto Rico, the Caribbean, and Central America from the U.S. Midwest, Crowley Maritime Corporation’s logistics group is launching a new weekly less-than-container load (LCL) service from Chicago today
Geodis Wilson, a freight management companies, has been awarded the Best Logistics Service Provider – Project Cargo, at the 27th Asian Freight and Supply Chain Awards (AFSCA). SK Yeung, Managing Director Geodis Wilson Greater China, and Bill Guo, Sales Director for Hong Kong and China
Ocean carriers’ plans to get rid of surplus 8,000 teu vessels by dumping them into the Asia – East Coast of S. America tradelane appears to have seriously backfired. The recent launching of MSC’s new Ipanema service in the middle of April
The Baltic Exchange advises panellists that with the prevalence of 'slow steaming' they should assume that if steaming at 12kts laden/13kts ballast, Capesize vessels will consume 44 tonnes per day (NDAS). The London market exchange has provided its shipbroker panel members with further
Do we sense a touch of desperation from the executive corridors of Maersk Line as the Triple-E delivery dates approach? Maersk Line boss Nils Smedegaard Andersen was in a confident mood after his carrier posted a decent $204 million profit in the first quarter
Inchcape Shipping Services (ISS), a maritime services provider, has launched an Advanced Cargo Information (ACI) department for Canadian ports following new regulations and procedures for cargo and vessel reporting by the CBSA (Canada Border Services Agency).
TT Club, established to fill a gap in insurance as the freight container revolutionized trade, celebrates 45 years dedicated service to the transport and logistics sector. In 1956, the first strengthened containers were loaded onto a spar deck of the converted tanker, Ideal X
With seasonally weak demand in the second quarter, the short-term view for freight rates does not look positive finds Drewry. Global oil demand declined by 1.0% in the first quarter of the year to 89.9 million bpd, although some recovery in demand is likely in the second half of the year based
CaroTrans, a global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, today announces a strategic alliance with Multifreight Consolidator System, Inc. (MFCSI), a NVOCC in the Philippines market committed to responsive, flexible transportation services.
Crowley Maritime Corporation’s Caribbean logistics group is now offering regularly scheduled, weekly less-than-containerload (LCL) services to and from San Juan, Puerto Rico, & select countries within Central America. The new service utilizes Crowley vessels and allows for added
Carlile Transportation Systems, one of the largest trucking and logistics companies in Alaska, has been acquired by Saltchuk Resources, a Seattle-based family of diversified transportation and petroleum distribution companies. “Our relationship with Saltchuk is 20 years long
The Board of Directors of France’s CMA CGM, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to review the financial statements for the three months ended March 31, 2013. Consolidated revenue rose by six percent in the period, to $3
Briggs Equipment is helping Peel Ports Liverpool to maintain the nation's supply of animal feed after securing a multi-million pound contract to supply and service JCB equipment to one of the country's busiest ports. One of Britain's largest port groups
Due to overcapacity & economic turmoil in the market, the market index for 40ft containers has taken a massive dip, 44% from May 2012. Xeneta, the price comparison service for sea freight, found that the average container freight rates from Asia to North-Europe continues to drop to $2