Traffic World articles from August 2004

Traffic World archives from August 2004

Duty time.(Federal Motor Carrier Safety Administration,Trucking Industry)(Editorial)
August 2, 2004... When shippers gather in Toledo, Ohio, this week at a regulatory meeting of the National Industrial Transportation, they'll be tempted to take heart in a court ruling that the federal rules on hours of service were "arbitrary and capricious."...

Maintaining chassis.(Letters To TW)(Brief Article)(Letter to the Editor)
August 2, 2004... Regarding "Breaking Chassis Ranks" (June 28), while the cost of new legislation is important, it is also important to note three additional facts. First, much of the chassis fleet receives little or no periodic maintenance outside of an...

Expanding in Memphis.(Letters To TW)(Brief Article)(Letter to the Editor)
August 2, 2004... I read with interest your July 19 special report on the expanding role of Memphis as a central logistics hub. I did, however, note an omission to your list of Memphis companies with over 1 million square feet of warehousing and distribution...

Beyond open skies.(Commentary)(trans-atlantic aviation treaty broke off)
August 2, 2004... On June 11, talks between the United States and the European Commission toward an unprecedented multilateral trans-Atlantic aviation treaty broke off with few signs of hope that an agreement could be reached in the near future. Following are...

Fraying supply chain: labor shortages could be primer for a supply chain disaster during this year's peak shipping season.(Cover Story)
August 2, 2004... A labor shortage across large sectors of the supply chain has the freight transportation industry bracing for a peak season meltdown. Manpower needed to unload ships, drive trains and haul trucks is not being added fast enough at a time...

Higher highway hopes: White House offer of $299 billion highway bill buoys 2004 hopes but time for debate is short.(Washington)
August 2, 2004... The White House revived hopes for the passage of a highway bill this year by raising to $299 billion the amount of spending it would accept in a new six-year bill. That significantly narrowed the gap between the expectations of...

Speeding port throughput: HPH moves to unite ports globally to improve customer service, lower costs.(Logistics & Technology)(Hutchinson Port Holdings)
August 2, 2004... The only thing standard this year across the many port terminals managed by Hutchinson Port Holdings has been the surging volume of containers. One of the world's top port terminal operators, HPH is undertaking a massive project stretching...

Logistics growth season: C.H. Robinson Worldwide's profits jump as logistics demand grow with freight push.(Logistics & Technology)
August 2, 2004... An improving economy isn't dampening shippers' enthusiasm for outsourced logistics services, if results from C.H. Robinson are any indication. The third party logistics giant's overall revenue hit nearly $1.1 billion in the second quarter,...

Symbol's big RFID bid: purchase of Matrics for $230 million gives barcode giant a significant boost in radio frequency ID market.(Logistics & Technology)
August 2, 2004... In a dramatic bid to raise its prone in the RFID market, barcode giant Symbol Technologies said it will buy Rockville, Md.-based RFID provider Matrics for $230 million. The acquisition of Matrics will give Symbol, a $1.53 billion leader in...

Rich Products.(Rich Products Corp.,CHEP pallet pooling system)(Brief Article)
August 2, 2004... Rich Products is using the CHEP pallet pooling system for frozen distribution to in-store bakery and food service customers in the United States and Canada. The move has resulted in a more productive flow of goods through the company's...

Armstrong & Associates.(Brief Article)
August 2, 2004... Armstrong & Associates released its latest edition of "Who's Who In Logistics? Armstrong's Guide to Global Supply Chain Management." The guide has information on industry revenue trends, employment, technology and third-party logistics...

Cargo's new gateways? Congestion at West Coast hubs could push freighter traffic to secondary airports.(Special report: air cargo update)
August 2, 2004... Los Angeles and San Francisco are the West Coast's star cities. But are those cities' hub airports the most efficient West Coast transit points for international air cargo? That's a question being asked more frequently by cargo operators,...

The world's top 30 cargo airports.(Special report: air cargo update)(Illustration)
August 2, 2004... Two kinds of airports are growing in cargo business: those that already are big and those that are in China. That's an exaggeration, but a look at the world's top 30 cargo airports shows Hong Kong close to the top of the list and growing...

More profits, higher rates: Yellow Roadway rides profitability wave; Zollars sees rates rising as capacity tightens 'across the board'.(Trucking)
August 2, 2004... Barely six months into Yellow Corp.'s $1.05 billion acquisition of major rival Roadway Express, the purchase price is starting to look like a bargain. Buoyed by a booming economy, tightened capacity and nervous shippers ever willing to pay...

USF posts 2Q loss: $21 million 'Red Star effect' blamed for decrease in LTL profits, as LTL revenue jumps 9.7 percent.(Trucking)
August 2, 2004... USF posted a second-quarter loss from continuing operations of $2 million on revenue of $612 million, thanks largely to charges related to the closing of USF Red Star in the Northeast and the write-down for a technology project. Excluding...

Con-Way adds capacity: LTL company will spend $181 million to buy 1,300 tractors, 1,950 trailers, dock equipment.(Trucking)(Con-Way Transportation Services Inc.)(Brief Article)
August 2, 2004... Con-Way Transportation Service said it would allocate $181 million this year to purchase additional highway tractors, trailers and forklifts and on service center development to accommodate growth at its four regional LTL units. That's...

Vitran on the prowl: cash-flush transport group to expand U.S. operations, has 'more than one' carrier in acquisition scope.(Trucking)
August 2, 2004... Toronto-based Vitran is in active discussions "with more than one but less than five" possible LTL acquisition targets in the United States. Vitran has plenty of cash on hand. It enjoyed its 11th straight quarter of earnings improvement as...

Tale of two railroads: UP, BNSF move record volumes in second quarter but report drastically different financial results.(Rail & Intermodal)(Burlington Northern Santa Fe Corp. and Union Pacific Railroad Co.)
August 2, 2004... Western railroad rivals Union Pacific Railroad and Burlington Northern Santa Fe Railway are hauling record amounts of freight in 2004 but that's where the similarities end. UP managed to top the $3 billion revenue mark for a single...

Swift beefs up intermodal: CFO: intermodal provides higher return to company than other lines of business.(Rail & Intermodal)(appointments)(Brief Article)
August 2, 2004... Challenging its top competitors in a key growth area, truckload giant Swift Transportation is creating new management positions to strengthen its push for intermodal business. The nation's third largest truckload carrier and sixth largest...

Hub's big second quarter: CEO Yeager gives first quarter reorganization partial credit for IMC's huge gain in income.(Rail & Intermodal)(financial results of Hub Group )(Brief Article)
August 2, 2004... Intermodal marketer Hub Group earned $4.1 million in the second quarter, a 162 percent increase over the $1.5 million the company made during the same period last year. Total revenue in the quarter was $349 million, an increase of 5.2 percent...

Canadian National Railway.(Brief Article)
August 2, 2004... Canadian National Railway reached an agreement with Canada's Competition Bureau to give BC Rail shippers the choice of faster transit times or lower rates. CN closed on the $1 billion BC Rail acquisition in mid-July. Under the agreement,...

UPS taking off: UPS net zooms 18 percent in second quarter, pilots' contract talks only drag.(Air & Express)
August 2, 2004... Pilots at UPS Airlines didn't give the company much time to enjoy another sparkling earnings report. Just after the company reported an $818 million net profit in the second quarter, an 18.2 percent improvement over last year, the...

Correction.(Air & Express)(Correction Notice)
August 2, 2004... A July 12 story in Traffic World incorrectly suggested that a panel of the U.S. Court of Appeals made a determination with respect to the specifics of a FedEx claim under the Airline Stabilization Act. In its order, the court declined to...

US Airways, via Lufthansa Cargo: American carrier will sell Europe through Lufthansa in wide-ranging agreement on belly capacity.(Air & Express)(US Airways Inc.,Lufthansa Cargo AG)
August 2, 2004... US Airways is turning over the sales of its cargo capacity out of Europe to Lufthansa Cargo in a freight cooperation that extends Lufthansa's bid to build its network and to handle the belly business of fellow airlines. The agreement,...

More, bigger freighters: manufacturer forecasts doubling world's cargo fleet by 2003, tripling widebodies.(Air & Express)(Brief Article)
August 2, 2004... Larger freighters will take up the largest share of the growth in the world's cargo fleets in the next 20 years, manufacturer Boeing says in a forecast that projects that the number of freighters in operation will double by 2023. Boeing...

Seko Worldwide.(Brief Article)
August 2, 2004... Seko Worldwide, in the midst of a rapid international expansion, added ties to the South Pacific with four stations in Australia and New Zealand. Seeking to grow after being split apart from its role as a subsidiary of trucker USE the...

Dragonair added.(Hong Kong Dragon Airline Ltd., new services planning)(Brief Article)
August 2, 2004... Dragonair added Frankfurt and London Stansted as freighter destinations three time a week, doubling its European cargo gateways as the Hong Kong-based air carrier extends a rapid buildup of its freight network. Airline CEO Stanley Hui said the...

If it moves, charter it: with rate relief at least a year away, carriers are using new strategies to cope with a shortage of ships.(Maritime)
August 2, 2004... The liner industry is learning to adjust to record-high and still rising charter costs and a shortage of short-term ship availability, albeit painfully. With demand rising on trans-Pacific and Euro-Asia trade lanes, the outlook for any charter...

Gulf-Colombia service debuts: seven-day service from Houston, Mobile, offered by Caytrans Project Services.(Maritime)(Dan-Gulf Shipping)
August 2, 2004... Caytrans Project Services (Caribbean) Ltd. has started an all-Colombia service that sails regularly from the ports of Houston and Mobile, Ala., and on inducement from other Gulf ports. Last month, the vessel operator dedicated its chartered...

FKI Logistex.(People Watch)(Brief Article)
August 2, 2004... FKI Logistex, a material handling specialist, named three division chiefs to its North American management. Dave Baker, most recently chief financial officer at FKI's Alvey Systems, White Systems, and Cleco Systems, was named president of the...

Datatrac.(People Watch)(Brief Article)
August 2, 2004... Datatrac, a technology provider focused on the expedited freight industry, appointed Chet Childers solutions consulting manager, a position that includes developing sales strategies for Datatrac products. A 20-year veteran of the supply chain...

Dayton Freight Lines.(People Watch)(Brief Article)
August 2, 2004... Dayton Freight Lines appointed Jim Edwards service center manager at its Jackson, Miss., service center. Edwards has over seven years of experience in the LTL industry, most recently as operations manager for Dayton at its Dayton, Ohio, service...

The Trade Security Institute.(People Watch)(Brief Article)
August 2, 2004... The Trade Security Institute named three new members to its senior advisory board: William J. Gillespie, president of Risk Analysis Group; Omar Keith Helferich, a professor on the supply chain management faculty of Central Michigan University;...

World Airways.(People Watch)(Brief Article)
August 2, 2004... World Airways, an international passenger and cargo charter airline, promoted Gary Goodpaster to vice president of flight operations. Goodpaster, a 15 year World Airways veteran, most recently was director of flight operations. He also is an...

Watkins Motor Lines.(People Watch)(Brief Article)
August 2, 2004... Watkins Motor Lines announced the hiring of Robert Finley as an account executive at its Reno, Nev., terminal. Finley has more than 26 years of sales and management experience. Lori Franzoni, a 23-year sales and operations management veteran,...

Ross & Baruzzini.(People Watch)(Brief Article)
August 2, 2004... Ross & Baruzzini, an engineering and architectural firm, appointed John V. Philippi director of security consulting. Philippi has more than 15 years of experience in the security consulting industry.

Interstate Worldwide Relocation.(People Watch)(Brief Article)
August 2, 2004... Interstate Worldwide Relocation hired Frank Newhard as vice president of corporate account services. Newhard joined Interstate after a 32-year career with Hewlett Packard, with the last five years at HP as vice president and general manager for...

Ceres Terminals.(People Watch)(Brief Article)
August 2, 2004... Ceres Terminals appointed Jeffrey Hakala vice president of Ceres Gulf's New Orleans operations. Hakala most recently served as senior manager of Marine Data Systems/Marine Personnel for Tyco Telecommunications. He is a graduate of the U.S....

Ozburn-Hessey Logistics.(People Watch)(Brief Article)
August 2, 2004... Ozburn-Hessey Logistics named Gary Park vice president of implementation. Park will be responsible for managing OHL's newly formed implementation group. He has managed the integration of six acquisitions over the last five years at OHL as...

American Commercial Barge Line.(People Watch)(Brief Article)
August 2, 2004... American Commercial Barge Line appointed Theresa Moakler supervisor of land-based employment. Moakler has been with ACBL since 1974, most recently as supervisor employment/EEO. Lisa Clendenen was named director of compensation and benefits...

USF.(People Watch)(Brief Article)
August 2, 2004... USF appointed Michael L. Thompson to its board of directors. Thompson is currently president and CEO of Fair Oaks Farms, a custom meat products company. He previously served as McDonald's vice president of North American Supply Chain...

Mid-States Express.(People Watch)(Brief Article)
August 2, 2004... Mid-States Express, a Midwestern regional LTL carrier, hired Doug Finch as northeast corporate account manager, based in Saddlebrook, N.J. Finch brings more than 20 years of experience to the company. Most recently he worked for ICX. Jack...

GeoLogistics.(People Watch)(Brief Article)
August 2, 2004... GeoLogistics, a transportation logistics provider, named Stephen P. Bishop executive vice president and CFO, succeeding Steven R. Davison, who left the company to pursue other interests. Bishop most recently was executive vice president of...

Roberson Transportation.(People Watch)(Brief Article)
August 2, 2004... Doug Wilson was named chairman and CEO of Roberson Transportation, succeeding Roger Roberson who became vice chairman. Wilson previously served as CEO for Roadway Services from 1993 to 1996.

Calendar.(Calendar)
August 2, 2004... AUGUST 2-3. National Industrial Transportation League Truckload Highway Committee and Rail Committee summer meeting, Toledo, Ohio. (703) 524-5011 or www.nitl.org. 2-4. National Motor Freight Traffic Association's August Meeting, San...

Update.(National and Regional Averages)(Brief Article)(Illustration)
August 2, 2004... [GRAPHICS OMITTED] National & Regional Averages: July 26 United States $1.754 East Coast $1.737 Midwest $1.709 Gulf Coast $1.691 Rocky Mountain $1.809 West Coast ...

Shipper's bill of lading.(Q&A)
August 2, 2004... Q: We have a standard contract with our carriers that makes reference to our shipper's bill of lading. We use this B/L for all shipments from our own facilities. We are armchairing the effect of presenting our carriers with a separate standard...

Birth announcements.(The Back Page)
August 2, 2004... Birth Announcements. We're pleased to announce Traffic World's latest bid to do our part to solve the driver shortage. Angela Greiling Keane, associate editor for Washington and air cargo, gave birth July 21 to a girl, Taylor Joan Keane. Taylor...

Makeover.(The Back Page)(TBS television station chooses driver for makeover)(Brief Article)
August 2, 2004... Makeover. UPS driver Pearl Watson was chosen for a makeover for the TBS television station's "Movie and a Makeover" feature, it airs Sept. 18 at 11 a.m. EST alongside the 1999 movie "EDtv," which featured Jenna Elfman as a UPS driver. We don't...

Hired.(The Back Page)(recruiting by J.B. Hunt)(Brief Article)
August 2, 2004... Hired. CRST Van Expedited President David Rusch complains that his drivers are being "harassed." By wayward SUVs on the highways? No, the Associated Press quotes him as arguing that its harassment by recruiters from J.B. Hunt seeking to hire...

Micros.(The Back Page)(Microscopic Theory of Transport)
August 2, 2004... Micros. During our recent research on molecular dynamics simulation of an exfoliated nanoclay-polymer composite (don't ask) we came across what nuclear engineers at the Massachusetts Institute of Technology call the Microscopic Theory of...

Spilled.(The Back Page)(Valdez has spill-free year)(Brief Article)
August 2, 2004... Spilled. Congratulations to the tanker fleet in Valdez, Alaska. They recently completed a spill-free year. They hardly ever have irrevocable environmental disasters up there anymore.

Gaming.(The Back Page)(Brief Article)
August 2, 2004... Gaming. The American Trucking Associations has a fun spouse event at this year's management conference at the Las Vegas Hilton. It's titled "Gaming 101: Learning to make Money the Old Fashioned Way." Oddly, that is also the topic of the entire...

Secure blueprint.(Editorial)(Editorial)
August 9, 2004... The "9-11 Commission Report" arrives like a splash of cold water in this summer's heated and politicized debate over terrorism. At 567 pages, it's both a detailed, even clinical, historical description of how things went wrong and a...

Hours of analysis.(Letters To TW)(Letter to the Editor)
August 9, 2004... These are one transportation intermediary's views on the hours of service ruling last month by a federal appeals court. Just because the Federal Motor Carrier Safety Administration's new HOS rules were far less draconian than their initial...

A modest proposal.(Letters To TW)(Letter to the Editor)
August 9, 2004... I read with interest Traffic World's article (July 26, "Ready to Pounce?") regarding UPS's potential purchase of a major LTL carrier. It seems to me the LTLs are doing just fine. They are common carriers and will be glad to move any loads...

Schwan on tagging.(Letters To TW)(Letter to the Editor)
August 9, 2004... I'm writing to clarify issues raised by your recent story "Schwan Tagged Out" (July 12) regarding The Schwan Food Co.'s participation in radio frequency identification projects with Wal-Mart stores. The Schwan Food Co. continues to invest...

No quick TWIC: transport worker ID program enters prototype phase; cost, scope of program still unidentified.(Transportation Worker Identification Credential)(Cover Story)
August 9, 2004... Police stopping trucks at checkpoints in Manhattan's financial district and near the U.S. Capitol last week lacked a tool that could have helped them quickly separate truckers from terrorists: a government-issued transportation worker...

Trucking security costs go on shippers' tab.
August 9, 2004... When the terror alert level rises from yellow to orange, shippers' transport costs go up too. That's especially true in New York, where the latest alert shut down bridges and tunnels and triggered checkpoints where trucks were stopped,...

Dollars for short lines: small railroads change legislative tactics to improve prospects for track funding bill.(Washington)
August 9, 2004... Short line railroads have switched legislative tactics to increase their chances of getting over a billion dollars in federal money to beef up their rail infrastructure. The American Short Line Railroad Association has abandoned the...

Kuehne + Nagel = profit: freight forwarder reports increases at all units; credits new markets, sharper sales efforts.(Logistics & Technology)
August 9, 2004... Swiss-based freight forwarder Kuehne + Nagel Group last week added its good financial news to the reports of others in the industry showing that freight forwarders and third-party logistics providers are reaping the benefits from shippers...

Manugistics' new hire: analyst expects "turnaround" specialist Cowan to reshape, perhaps sell supply chain software vendor.(Logistics & Technology)
August 9, 2004... Dramatic changes are in store for Manugistics Group and shippers using the company's supply chain and logistics software need to closely monitor developments at the Rockville, Md.-based company, a leading analyst warns. They should start by...

Automaker chooses Exel: DaimlerChrysler will use British firm as lead logistics provider for supply chains feeding American plants.(Logistics & Technology)
August 9, 2004... DaimlerChrysler, one of the world's "Big Three" automakers, is scaling up its logistics ties to Exel, naming the United Kingdom-based company its lead logistics provider for international supply chains feeding into North America. Under a...

Shippers' critical care: Menlo Expedite! develops Web-based system to simplify, speed premium freight options.(Trucking)
August 9, 2004... Premium transportation, once the costly and complicated necessary evil in freight shipments, is growing up. Menlo Expedite!, a unit of CNF, is rolling out Premium Logistics Management, which its developers claim is a unique and unbiased...

Truckload boom times: Swift net rises 80 percent in quarter, Landstar, Werner, USX, Smithway up.(Trucking)
August 9, 2004... In another sign that capacity is tightening in the truckload sector, virtually every major publicly held TL carrier is reporting double-digit income and revenue gains in the second quarter. These followed J.B. Hunt's 79 percent surge in net...

Pitt Ohio Express.(The TransX Group)(Brief Article)
August 9, 2004... Pitt Ohio Express has partnered with Winnipeg, Manitoba-based TransX to provide service to and from all points in Canada. The Pittsburgh-based regional LTL company says the joint service simplifies customs paperwork and speeds shipments across...

The Internal Revenue Service.(Brief Article)
August 9, 2004... The Internal Revenue Service changed the way it allows for dollar limits on depreciation deductions for passenger automobiles, but the regulations also affect some taxpayers who use vans and light trucks in their businesses. The new IRS...

Fastrucking.com.(Brief Article)
August 9, 2004... Fastrucking.com, an air freight and trucking company, leased a 62,000 square-foot facility in Hawthorne, Calif., nearly a threefold expansion for the company. The facility was remodeled for distribution, according to Luke Staubitz, a principal...

The National Tank Truck Carriers.(Brief Article)
August 9, 2004... The National Tank Truck Carriers published the third edition of its Cargo Tank Maintenance Manual. The revised edition includes all changes resulting from DOT Docket HM213 and all regulatory changes through June 2004. The manual will be...

Seeking regional 'sweet spot': regional LTL carriers are riding the economy, but company is coming to next-day lanes.(Special report: regional trucking)(Low Traffic Load)
August 9, 2004... REGIONAL LTL TRUCKING is enjoying a boom as overall economic growth fuels carriers who are in what one industry leader calls the "sweet spot" of ground freight transport. Still, there are clouds on the horizon. Even the best carriers are...

East Coast divergence: NS and CSX hit record 2Q revenue, volume levels, but differences in service show in bottom lines.(Rail & Intermodal)
August 9, 2004... Norfolk Southern's revamped freight scheduling system continued to bear fruit in the second quarter with a healthy earnings boost while rival CSX is struggling to catch up. NS increased profits by 56 percent year over year, as net earnings...

CP profits surge, rates eyed: high demand will allow Canada's No. 2 railroad to maintain pricing gains, analysts say.(Rail & Intermodal)(Brief Article)
August 9, 2004... A little more freight is proving a lot more profitable for Canadian Pacific Railway and rail industry experts expect the returns for Canada's No. 2 railroad to get even stronger this year. Analysts predict CP, its revenue pushing past the...

The Association of American Railroads.(Brief Article)
August 9, 2004... The Association of American Railroads and the Surface Transportation Board are hosting a "Fall Peak Season" forum in Kansas City, Mo., on Sept. 9. Class I senior marketing officers and senior operating officers will present plans for the fall...

Princeton, N.J.-based MultiModal.(Innovative Scheduling Systems )(Brief Article)
August 9, 2004... Princeton, N.J.-based MultiModal Applied Systems and Gainesville, Fla.-based Innovative Scheduling Systems will jointly develop service planning and freight railway optimization products. The software will allow customers to optimize car...

Timber Rock Railroad.(Brief Article)
August 9, 2004... Timber Rock Railroad, which 0perates between East Texas and Louisiana, added 122 miles of track between Silsbee and Somerville, Texas, through a lease from Burlington Northern and Santa Fe Railway. The TIBR, created as a shortline in 1998 from...

Canadian National Railway.(Brief Article)
August 9, 2004... Canadian National Railway will use the proceeds of an $800 million debt offering to pay a portion of the cost of two recent acquisitions: Great Lakes Transportation and BC Rail. CN completed the acquisition of GLT, which consists of U.S. short...

The Federal Railroad Administration.(Brief Article)
August 9, 2004... The Federal Railroad Administration will improve the crash survivability of the locomotive event recorders--the train equivalent of an airplane's "black box"--to make sure critical information survives train accidents, according to a recent...

Air Canada grows freight: move by Korean Air underscores Air Canada's planned expansion into air freighter market.(Air & Express)
August 9, 2004... Last week, Calgary became a new point in Korean Air's North American freighter network--to the benefit of Air Canada. KAL is routing one of its 747 flights from Dallas/Fort Worth to its home market through the Canadian city. Bob McGowan,...

Forward and growing: Forward Air's record quarter boosts deferred trend; air freight trucker's tonnage, efficiency soar.(Air & Express)
August 9, 2004... Sharp growth numbers from Forward Air speak well for the airfreight market but hardly suggest more cargo is moving by air. In a sign of both an improving economy and the persistent growth of deferred air business, the air freight trucker...

Atlas Air shrugs off bankruptcy: freighter operator ends seven months in Chapter 11, operates in uncertain outsourced air cargo market.(Air & Express)(Arias Air Worldwide Holdings)
August 9, 2004... Long-troubled Arias Air Worldwide Holdings is fully out of bankruptcy protection and free again to test whether the worldwide air freight market has enough demand for the carrier's wide-body all-cargo services. Seven months after it filed...

Waterway locked up: big trouble on the Ohio: McAlpine Lock closed as infrastructure repairs shut down shippers.(Maritime)
August 9, 2004... It's a single lock on a 981-mile stretch of river but the closing this month of the Ohio River's McAlpine Lock near Louisville, Ky., for repairs may ripple across the country's economy. The U.S. Army Corps of Engineers is closing the...

NOL sees 'buoyant' year: APL parent's earnings soar 299 percent on growing volume, higher freight rates.(Maritime)(Brief Article)
August 9, 2004... Neptune Orient Lines is on track to cut its operating costs by some $100 million this year despite what the Singapore-based parent of liner giant APL projects as a "buoyant" ocean trade economy. The combination of accelerating business and...

Satellites reveal "rogue" waves.(Maritime)(Brief Article)
August 9, 2004... Giant waves capable of damaging or sinking large ships--even container carriers--are real and occur much more frequently than once thought, European scientists say. Using satellites, scientists detected 10 waves over 80 feet high in one...

The Port of Portland.(The Port of Portland)(Twenty-Foot Equivalent Units )(Brief Article)
August 9, 2004... The Port of Portland set a record for the Oregon port by handling some 12.4 million tons of cargo during the fiscal year ending June 30. The port said overall tonnage was up 8.2 percent over the previous 12 months and grain exports, helped by...