Wednesday, April 20, 2011
China Shipping has completed a major phase of its terminal expansion project at the Port of Los Angeles, adding a new 925-foot section of wharf, 18 additional acres of backland and four new container cranes that will increase cargo throughput.
Tuesday, April 19, 2011
While the world’s leading cargo vessel operators had seen a remarkable reversal of fortune last year, industry analysts predict the turnaround will be “short-lived.”
Schneider National, the nation’s second-largest truckload carrier which traditionally has been a major player in long-haul intermodal traffic, is increasingly marketing shorter-haul freight options in a major shift that is sure to impact shippers’ choices and rates.
Monday, April 18, 2011
As all of our nation’s major ocean cargo gateways attempt to expand their footprints and compete with enhanced infrastructure, finding the money for many such projects continues to be a daunting challenge.
Friday, April 15, 2011
California exporters recorded their 16th consecutive month of healthy year-over-year gains in February with shipments totaling $11.76 billion, a 13.4 percent increase over the same month last year, according to an analysis by Beacon Economics of foreign trade data released recently by the U.S. Commerce Department.
Posted on 04/15 at 02:22 PM
POLB imports, which are primarily comprised of consumer goods, hit 191,211 (Twenty-foot Equivalent Units) in March, which was down 7.5 percent annually.
For the week ending April 9, carload volume came in at 293,798 for a 1.8 percent annual gain. Intermodal volume was up 12.4 percent at 228,713 trailers and containers.
Thursday, April 14, 2011
According to TransCore, March load volume was up 23 percent from February and 40 percent annually.
As various factors such as increasing diesel prices, tight capacity, and rate pressure continue to take hold in the freight transportation market, they appear to be taking a toll on shippers, according to the April edition of the Shippers’ Condition Index (SCI) released this week by freight transportation consultancy FTR Associates.
Trucking and intermodal services bellwether J.B. Hunt (JBH) kicked off the first quarter earnings season in style with record net earnings of $50.1 million or $0.40 per share compared to net earnings of $37.5 million and $.029 per share a year ago.