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Journal of Commerce

  • Rising rates squeeze C.H. Robinson, despite freight surge

    A surge in truckload pricing cut into second-quarter profits at C.H. Robinson Worldwide, despite a wave of fresh revenue from its ocean and air freight forwarding businesses. Higher spot truckload pricing and tighter spot and contract capacity constricted the $13.1 billion logistics company’s net revenue and sent net profit down 22.4...


  • Rotterdam container traffic, helped by alliances, surges

    Rotterdam's growth put space between it and rival Antwerp, which had been gaining ground on Europe's largest port. Rotterdam’s container traffic increased 9.3 percent in the first half of the year, driven by the new carrier alliances’ shipping schedules that ended an extended period of declines and slow growth and boosted...


  • Panalpina posts robust ocean, air freight growth

    Air cargo volumes at Panalpina rose 7 percent year over year in the first half. Panalpina boosted first-half profits on “robust” growth in ocean container and air cargo volumes, but faced persistent pressure on margins in both markets. The Swiss global freight forwarding and logistics group earned 42 million francs ($44.1 million)...


  • Zim refutes report that it needs cash from an IPO

    Zim has new leadership as the shipping industry adjusts to the new alliances that formed in April. Alphaliner says Zim Integrated Shipping Services could make a fourth bid to launch its long-awaited initial public offering (IPO) to raise badly needed cash, but the carrier refutes the maritime analyst's report. “The info is...


  • APMT leads productivity efforts at India's top port

    Import dwell times at APMT Mumbai were four hours shorter than the next-closest competitor. Shippers using APM Terminals-operated Gateway Terminals India (GTI) have been the largest beneficiaries of a radio frequency identification (RFID) container-tracking service that Jawaharlal Nehru Port Trust (JNPT) rolled out in 2015 to shorten lead times and ease...


  • HPHT revenue, profit drop despite rising volume

    Traffic at Shenzhen's YICT rose 4 percent year over year in the first half. Hutchison Port Holdings Trust (HPHT) reported a 12 percent year-over-year drop in net profit after tax over the first half of the year and a 4 percent fall in revenue to HKD5.5 billion ($704 million) The drop in...


  • Rail victory extends Teamsters’ container supply chain reach

    After years of decline, the Teamsters are making aggressive unionization pushes across the supply chain. The Teamsters union scored another victory earlier this month in its national campaign to expand its footprint within the containerized supply chain, after intermodal workers at a BNSF Railway terminal outside Chicago voted to join the...


  • China plan to ban waste imports threatens US exports

    China's ban on waste imports would have wide-ranging implications were it to take effect. China’s notification to the World Trade Organization (WTO) that it will no longer import solid waste by the end of this year imperils 8.2 percent, or nearly 1 million TEU, of all US exports, according to an...


  • LA-LB ports move forward on major environmental plan

    Emissions from vessels are just one part of a wider environmental stewardship effort at the ports of Los Angeles and Long Beach. Credit: Raymond Maese The ports of Los Angeles and Long Beach Wednesday released an update of their landmark Clean Air Action Plan (CAAP), with full implementation of the plan’s...


  • Congestion paralyzes Chittagong port

    The Chittagong port is in desperate need of infrastructure improvements. Severe congestion in Bangladesh’s prime seaport Chittagong caused by low draft and broken ship-to-shore gantry cranes has crippled loading and unloading, nearly doubling the average time ships spend in port, and there's no immediate solution on hand. Click to Enlarge The congestion, which...


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