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Truck Freight

GAO Compares Costs of Freight Shipment Modes

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)

Ingram Barge to Participate in EPA’s SmartWay

Ingram Barge Company announced its participation in the new Barge Freight component of the SmartWay Transport Partnership, a public-private partnership between the U.S. Government’s Environmental Protection Agency (EPA) and the country’s leading private industry freight carriers and freight users aimed at reducing carbon, oxides of nitrogen and particulate matter emissions. Ingram has been involved with the EPA in helping to develop

Canada Clarke Expanes Freight Management Ops

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)

Finnlines Shares Plunge On Profit Warning

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

SeaBridge Freight - New Cargo Service


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.

Donahue to Direct PwC Freight Transportation

John Donahue

PwC US today announced the addition of John Donahue as a director in the firm’s transportation and logistics sector within the larger Industrial Products practice. With more than 25 years of experience in all aspects of the transportation and logistics industry, Donahue will be responsible for leading the freight-related segments for the firm’s transportation and logistics engagements. According to PwC, Donahue will help freight transportation companies implement new business

AAPA Forum to Focus on Technology Solutions

“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

French, Spanish Funds for Motorways of the Sea

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

LaHood Announces Recipients of $7M in Marine Highways Grants

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.

PayCargo Re-introduces its Logistics Credit Program

PayCargo logo

Provider of electronic invoicing and settlement solutions for the shipping industry, PayCargo, LLC, says it has brought back its highly successful PayCargo Credit Program. PayCargo provides a global, online freight payment system that allows shippers, carriers and freight brokers of all sizes to settle accounts faster and more safely than ever before. Since being spun out of a major financial services company earlier this year

CMA CGM Outperforms, Nets $51 mln 3Q Profit


  In third-quarter 2015, CMA CGM once again outperformed the market average in an industry shaped by a sharp fall in freight rates and overcapacity in certain markets. Freight rates were especially weak on certain lines, including Asia-Europe

American Club Announces 2.5% Increase

Joe Hughes (Photo: American Club)

At its meeting in New York on November 20, the American Club’s board resolved to levy a general premium increase of 2.5 percent for P&I cover, but no increase in the cost of FD and D for the 2016 policy year. The club’s board also reviewed release call requirements for open policy

Transpacific Container Lines Address Economic Pressures Ahead in 2016

Pic: Transpacific Container Lines

 In a container freight market challenged by volatility and facing the prospect of further consolidation, member shipping lines in the Transpacific Stabilization Agreement (TSA) have announced a phased increase in rates and a package of 2016-17 service contract guidelines intended to ensure

ZIM Integrated Shipping Remains Profitable

Photo: ZIM Integrated Shipping Services

 Despite challenging market environment with freight rates reaching historic lows in several key trades,  ZIM Integrated Shipping Services continues to outperform the average adjusted EBIT margins in the Industry.   ZIM Integrated Shipping

Georgia Ports' Container Volume Up 3%

Customer demand has required a steady increase in capacity at the Ports of Savannah and Brunswick Courtesy Georgia Ports Authority  Stephen B. Morton)

  The Georgia Ports Authority handled a total of 321,094 Twenty-foot Equivalent Unit (TEUs) containers in October 2015, an additional 9,335 units, or 3 percent increase over the same period last year. For the fiscal year to date (July-October), the GPA has moved 1

New TOS Live at Houston’s Barbours Cut

Terminal operating system (TOS) implementation sought to increase vessel productivity and minimize truck turnaround time at the Port of Houston Authority   Barbours Cut Container Terminal (BCT), part of the Port of Houston Authority, has completed its implementation of the Navis N4 terminal

Heavy Rains Cause Delays on East Africa Trade Route

Heavy rains near the Indian Ocean port of Mombasa have swept away a road and slowed transport to a trickle on the main trade route into east Africa, officials said on Wednesday.   Mombasa port handles imports such as fuel and other vital goods for Uganda, Burundi, Rwanda

Peel Ports' Cargo200 drive Secures 50 Supporters

CGI of completed Liverpool2 container terminal

Peel Ports has today (Thursday 19 November) announced that it has secured 50 advocates for its Cargo200 initiative and is urging other shippers in the North-west to add their weight to the campaign.   Launched in May, Peel Ports called for importers and exporters whose goods began or ended

Asia Dry Bulk-Capesize Rates Could Slip Again

A ValeMax Bulk Carrier (file image: Vale)

Capesize market could worsen in short-term; 3.5 mln tonnes could be cut from Brazil ore exports. Freight rates for capesize bulk carriers could drift lower next week as Brazil's Samarco iron ore mine disaster and uncertain ore demand from China weigh on cargo volumes, brokers said.

Tanker Rate Spike Dents Efforts to Store Oil Glut at Sea

Record high freight rates are creating more headaches for traders looking to house millions of barrels of unsold crude oil and who already face potential losses due to record high stocks.   They have to decide on whether to use tankers for longer term storage until they can sell their

Heavy Rain Hampers Kenya Port Trade

A washed-out road in Kenya has blocked the flow of goods from Kenya's Indian Ocean port of Mombasa for a second straight day, officials said on Wednesday, choking the main trade route into East Africa.   Mombasa handles imports such as fuel and other vital goods for Uganda, Burundi, Rwanda

Asia-Europe Box Rates Plunge 28 pct

CMA CGMs Marco Polo at sea (file image)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe plunged by 27.9 percent to $295 per 20-foot container (TEU) in the week ending on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters.

Dry Bulk Shipping Record Low a Warning for Global Economy

A slump in dry bulk shipping is set to worsen as the meltdown in global commodities and too many ships free for hire rock the sector used by investors to gauge the health of world trade.   Slower coal and iron ore demand from China - the world's biggest industrial importer - have battered

CMA CGM Slowed by Rates, Sees 2016 Recovery

The containership CMA CGM Marco Polo underway (file image)

France's CMA CGM, the world's third-largest container shipping firm, said freight rates should recover next year after a market downturn led to a sharp fall in its third-quarter profits.   The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk

MOL Subsidiary to Build Ro-Pax Ferries

Ro-Pax(roll onroll off passenger)ferries.

  Mitsui O.S.K. Lines, Ltd. announced that its group company Ferry Sunflower Limited is moving ahead with plans to construct two large-scale Ro-Pax (roll on/roll off passenger) ferries. The newbuilding ferries will be delivered in March and June of 2018 as replacements for the Sunflower

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