Air & Ocean Archives - Page 48 of 48

Port of New Orleans setting new cargo throughput records

2014 was a very good year for the Port of New Orleans, and officials there are forecasting an even more robust cargo scenario in 2015. New Orleans had an all-time container mark of 490,526 twenty-foot-equivalent units (TEUs) in 2014 and officials here are forecasting well over 500,000 TEUs for 2015.

West Coast Port Problems Cause Drop in Intermodal Rail Traffic

Intermodal rail traffic fell in February, according to new figures released on Wednesday by the Association of American Railroads. U.S. railroads originated 929,395 containers and trailers during the month, down 6.5%, or 64,384 units, from the same month last year.

U.S. Intermodal Shippers Warned of Rate Spike as Congestion Eases

(This article requires registration at the Journal of Commerce. To access, please click on the above link.) Shippers can expect domestic rates to spike within the next month as U.S. West Coast ports regain productivity and shippers rush to move containers long delayed by labor contract negotiations, an intermodal pricing index provider said Tuesday.

Post-Lunar New Year may mean higher transpacific ocean cargo rates

Expected post-Lunar New Year cargo growth will accelerate equipment, cargo handling and other costs going forward. While the full impact on ocean carrier deployments to U.S. West Coat ports has yet to be measured, major players comprising the Transpacific Stabilization Agreement (TSA) are standing firm on raising rates.

Drewry: 2014 Congestion cost US West Coast ports up to 150,000 TEUs

(This article requires registration at the Journal of Commerce. To access, please click on the above link.) Port congestion on the U.S. West Coast is estimated to have caused the diversion of as much as 150,000 TEUs to East Coast ports during 2014, according to Drewry’s Container Insight Weekly.

Oil Tanker Shipping ‘Bonanza’ Threatened by Increased Vessel Orders, Report Says

A steep rise in vessel orders risks bringing the recent bonanza in oil tanker shipping to an abrupt end, according to the latest edition of the Tanker Forecaster, published by shipping consultancy Drewry.

What’s the next move for West Coast ports?

While both sides are doing what they feel is best for their members, the impasse between the Pacific Maritime Association and the International Longshore Warehouse and Union is severely impacting West Coast port operations, and, to a larger extent, the supply chain in more than a few ways.

Coca-Cola profit beats estimates; North American soda sales up

Coca-Cola Co (KO.N) reported a slightly higher-than-expected profit on Tuesday as sales in North America, its biggest market, rose for the first time in four quarters, offsetting the impact of a stronger dollar on its overseas business. Shares of the world’s largest beverage maker rose 3.2 percent to $42.56 in premarket trading. Coke’s sales in […]

Bigger Container Ships Pose Bigger Risks

(This article requires a subscription with The Wall Street Journal. To access, please click on the above link.) The big container ships that ply the world’s trade routes are growing ever larger, holding down the cost of ocean shipping, but also raising concerns among vessel operators, insurers and regulators about the potential for catastrophic accidents. […]

Retailers’ frustration with West Coast gridlock hits the boiling point

(This article requires registration at the Journal of Commerce. To access, please click on the above link.) U.S. retailers’ frustration with West Coast port congestion hit a boiling point on Friday after terminal operators announced they would suspend vessel work over for the weekend, in order to clear mounting backlogs of cargo.