Subscribe to our free, weekly email newsletter!


Management Update: New transpacific player.

By Staff
April 01, 2010

The Containership Company (TCC), a new Norwegian-based container line, has selected TraPac Container Terminal at the Port of Los Angeles as its U.S. West Coast gateway. The announcement comes at a time when many ports are positioning themselves for a revival of exports. The newest entrant in the trans-pacific cargo trade, TCC will give local businesses another option for exporting goods and materials to the major inland industrial and manufacturing center northwest of Shanghai. TCC will operate a weekly service between Los Angeles and the Modern Terminals facility at the Port of Taicang in the Jiangsu province of China. Starting in April, TCC will offer “no frills” service for importers and exporters seeking a cargo link between Southern California and Taicang, a thriving manufacturing center approximately 40 miles northwest of Shanghai.

Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The Department of Commerce reported that January retail sales were up 0.2 percent compared to December and up 3.7 percent annually at $449.9 billion, and the NRF reported that January retail sales, which exclude automobiles, gas stations, and restaurants, rose 0.6 percent over December and 1.4 percent compared to January 2015.

On the freight shipments side, Cass reported that January shipments––at 1.025––trailed December by 1.3 percent and January 2016 by 0.2 percent. These declines were less than the 4.9 percent drop from November to December, though, and January shipments still topped the 1.0 mark for the 65th straight month in December.

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) saw a 0.4 percent decline from November to December, its second straight decline on the heels of a 1.0 percent decrease from October to November.

Carloads saw a 11.7 percent annual decline at 241,680, and intermodal containers and trailers rose 10.5 percent to 262,830

An amendment to the International Maritime Organization’s Safety of Life at Sea convention will go into effect requiring all shippers (importers and exporters) to certify and submit the Verified Gross Mass – the combined weight of the cargo and the container – to the steamship line and terminal operator in advance of loading the container aboard a vessel.

Article Topics

Management Update · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA