Subscribe to our free, weekly email newsletter!


New Transpacific player.


May 19, 2010

The Containership Company (TCC), created just last fall, inaugurated its first Transpacific voyage last month. Heralded as “The Great Dragon” service, it got underway in April with its eastbound debut by sailing from the Taicang International Gateway in Jiangsu. As recently reported in LM, Jakob Tolstrup-Møller, TCC’s CEO, said that this “port-to-port service will appeal to shippers looking for a new partner and a more direct link to the vast inland manufacturing base of the Jiangsu province.” The event comes at a time when U.S. West Coast shippers are fighting to find space on inbound and price hikes have been sticking. For the first time since mid-2008, average global container freight rates experienced a year-over-year increase in late 2009, according to the Drewry Global Freight Rate Index.

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

Congested U.S. port terminals, harbor and over-the-road truck and driver shortages, slower trains and longer rail terminal dwell times due to increased domestic rates have not only disrupted service but also driven intermodal rates and cargo handling costs up sharply.

Southern California shippers are getting a break on container dwell expenses for the next ten days as the Port of Long Beach announced that it had added an extra three days to the time that overseas import containers can remain on the docks without charge.

The long-simmering court battle over whether FedEx Ground’s workers are independent contractors or employees appears headed to the appellate courts—and maybe the U.S. Supreme Court.

Carload volume headed up 4.3 percent to 298,376, and intermodal units, at 273,376 containers and trailers were up 4.8 percent annually.

In light on various service-related freight railroad service issues, the Department of Transportation’s Surface Transportation Board (STB) recently announced it is now requiring Class I railroads to publicly file weekly data reports on service performance. These weekly reports are slated to begin on October 22.

Article Topics

Features · Management Update · All topics

Comments

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


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA