Traffic World articles from March 2009

Traffic World archives from March 2009

Traffic World Joins Journal of Commerce.(Brief article)
March 2, 2009... Traffic World joins The Journal of Commerce Monday, March 2, 2009. For complete coverage of the world of trade, including maritime, trucking, brokerage, rail transport and air express, click here. www.joc.com

Traffic World Joins Journal of Commerce.
March 2, 2009... Traffic World joined The Journal of Commerce Monday, March 2, 2009. For complete coverage of the world of trade, including maritime, trucking, brokerage, rail transport and air express, click here. www.joc.com

TNT Eyes Royal Mail Stake.(acquisitions)
March 2, 2009... BYLINE: Bruce Barnard London - TNT, Europe's second largest express delivery company, is emerging as a strong favorite to acquire a strategic minority stake in Britain's state-owned postal service amid a renewed bout of consolidation in...

TAPA Warns Cargo Crime to Rise.(Transported Asset Protection Association)(Brief article)
March 2, 2009... BYLINE: Alan Field The Transported Asset Protection Association (TAPA) warned today that the global economic downturn will lead to an increase in incidents of cargo crime. Gilad Solnik, Incident Information Service Lead for TAPA Europe,...

Schenker, BAX Complete Integration.(BAX Global Inc.)(Brief article)
March 2, 2009... BYLINE: Thomas L. Gallagher After a two-year process, Schenker completed the integration of BAX Global operations within the United States. The unified company is doing business under the brand name DB Schenker, according to Heiner Murmann,...

New Malaysia Warehouse for Yusen.(Brief article)
March 2, 2009... BYLINE: Hisane Masaki Yusen Air & Sea Service Co., Ltd. (YAS), the core logistics unit of Nippon Yusen Kabushiki Kaisha (NYK Line), Japan's largest shipping firm by sales, said that its Malaysian agent, Trans Asia Shipping Corporation Bhd....

WTO Head Warns Against Protectionism.(World Trade Organization)(Brief article)
March 2, 2009... BYLINE: Alan Field Pascal Lamy, director-general of the World Trade Organization, said Monday protectionist instincts were understandable given the current global financial crisis but that such measures would be equivalent to "shooting...

Hankyu Founds India Unit.(Hankyu Express International Co., Ltd.,)(Brief article)
March 2, 2009... BYLINE: Hisane Masaki Hankyu Express International Co., Ltd., a major Japanese air freight forwarder, said that it has set up an Indian subsidiary to strengthen its services in the South Asian nation. The Osaka-based company said that...

Factory Business Declines in February.(Brief article)
March 2, 2009... BYLINE: Thomas L. Gallagher Business at the nation's factories contracted for the 13th consecutive month in February, according to a survey of supply executives. New orders, production, employment and inventories all declined, leaving...

INVISTA Selects GT Nexus.(contract)(Brief article)
March 2, 2009... BYLINE: Thomas L. Gallagher Fiber and polymer maker INVISTA selected GT Nexus to provide a Web-based global freight spend management platform. The subsidiary of Koch Industries ships products to more than 20 countries. INVISTA will use...

Lawmakers Fret for Trust Funds.
March 2, 2009... BYLINE: John D. Boyd Powerful members of Congress are rushing to defend their transportation trust funds from a change proposed in President Obama's budget, which they say could upset the user-financed spending authority system the...

TSA Cuts Toxic Gas Risk.(Transportation Security Administration )(Brief article)
March 2, 2009... BYLINE: R. G. Edmonson The Transportation Security Administration has reduced the risk of terrorists releasing clouds of toxic gases from railroad tank cars in urban areas, according to the Department of Homeland Security inspector...

Fitch Cut Con-way Debt Ratings.(Brief article)
March 2, 2009... BYLINE: Thomas L. Gallagher Fitch Ratings on Feb. 27 downgraded Con-way's debt ratings from BBB to BBB-, the lowest investment grade, as a worsening economy reduced freight demand for the trucking industry. Fitch lowered the carrier's...

Coast Guard to Hold Public Meeting.(Conference news)
March 2, 2009... BYLINE: R. G. Edmonson The Coast Guard will hold a public meeting in Seattle March 25 to get public comment on proposed changes in rules governing the Notice of Arrival and Departure, and Automated Identification systems. The proposed...

Samudera Profit Grows with Box Volume.(Samudera Shipping Line Ltd.'s financial news)(Financial report)(Brief article)
March 2, 2009... Singapore-based Samudera Shipping Line Ltd. posted net profit of $26.8 million for fiscal 2008 ended Dec. 31, up 29 percent from $20.7 million the previous year.    Gross revenue increased 17.5 percent to $443.3 million from...

Panama Canal Asks for Dredging Bids.(Brief article)
March 2, 2009... BYLINE: Peter T. Leach The Panama Canal Authority today asked for proposals to dredge the Canal's Atlantic entrance. The contract includes the dredging of approximately 15 million underwater cubic meters and 800 thousand cubic meters...

Zim CEO Resigns.(Doron Goder resigned from Zim Integrated Shipping Services)(Brief article)
March 2, 2009... BYLINE: Bruce Barnard London - The Chief Executive Officer of Zim Integrated Shipping Services, Doron Goder, has quit his post following differences over strategy with the Israeli ocean carrier's parent company. Goder, who became...

India Gateway Rates Approved.(Brief article)
March 2, 2009... India's Tariff Authority for Major Ports has allowed India Gateway Terminal, the private terminal operator at the Port of Cochin, to levy its existing scale of rates until June 30. The authority earlier in 2005 fixed rates at the DP...

Idle Box Fleet Reaches 1.35M TEUs.(Brief article)
March 2, 2009... BYLINE: Bruce Barnard London - Idled ocean container capacity on March 2 reached a record 1.35 million TEUs with 453 ships without work as carriers continue to axe services in the face of collapsing cargo volumes and tumbling freight rates...

Hapag-Lloyd, OOCL Suspend One Service.(Orient Overseas Container Line Ltd.)(Brief article)
March 2, 2009... BYLINE: Bruce Barnard London -  Hapag-Lloyd and OOCL today [Monday] announced the temporary suspension of one of their three services between Montreal and Europe "as a result of economic developments." The Route-3 service -...

Maersk to Raise Rates.(Maersk Line )(Brief article)
March 2, 2009... BYLINE: Bency Mathew Maersk Line on March 2 announced plans to implement a general rate increase in the Mediterranean-North America trade, effective April 1. The increases will be $200 per 20-foot dry container and $250 per 40-foot...

CMA CGM Hikes Rates.(Brief article)
March 2, 2009... BYLINE: Bruce Barnard London - CMA CGM on March 2 became the latest carrier to announce increases in ocean freight rates across its main trades for the second quarter. The French carrier's rate restoration, effective April 1, covers...

Trans-Pacific Rate Cuts Loom.(Trans Pacific Container Services Corp.)(Brief article)
March 2, 2009... BYLINE: Peter T. Leach LOS ANGELES -- If the big container lines that have cut rates to the unprofitable bone on the Asia-Europe trade start lowering their rates on the trans-Pacific this season, the other lines are sure to follow, Ron...