Posts Tagged ‘freight carrier’
Tuesday, March 30th, 2010
After a terrible 2009 we’re finally into 2010 and with freight volumes going up slightly in the first part of 2010, along with freight rates, things are starting to look a little better for freight carriers using container shipping services from the United States to Asia.
This is great news for an industry that has had to deal with one problem after another, but it’s only a small improvement and we need to control our responses to the upturn in business. The improvement in the numbers could just be a temporary thing and we need to keep our responses to the improvement in the numbers well measured.
Just as we’re starting to get a little excited about the improvement in the freight carrier business news comes in that the Westbound Transpacific Stabilisation Agreement (WTSA) has decided that freight rates still need to be increased in order to help freight carriers deal with the problems they’re experiencing. The Transpacific Stabilisation Agreement members include APL, Cosco, Evergreen, Hanjin, Hapag-Lloyd, Hyundai Merchant Marine, K Line, NYK, OOCL and Yangming.
According to the WTSA freight carriers continue to head into the red as we head further into 2010, despite the increase in freight volumes and the present freight rates, and a further rate increase is necessary to help companies try to stay afloat.
This decision by the WTSA isn’t surprising since companies are continuing to loose money with the present rates that are being charged and a firm won’t be in business long if it keeps losing money. Companies need to make a profit and the price of freight services will have to be set at a level that allows firms to make a profit.
http://www.ifw-net.com/freightpubs/ifw/ind…tid=20017752615
Tags: freight, freight carrier, freight carriers, freight forwarders, freight moving, freight rates, freight shipping, freight transport, heavy haul, moving freight, shipping freight, trucking companies, trucking services, Trucking transport
Posted in Auto Industry News, Freight Industry News, Momentum Freight, Momentum Freight News, Shipping News, freight shipping | No Comments »
Wednesday, March 24th, 2010
2010 will be a better year for the freight industry if the numbers keep looking better, but freight carriers should probably keep an eye out for any indicators of problems. The industry went through a through period in the last twenty months that has taught firms a lot about financial stability in a tough market. Freight carriers need to keep the things we learned during this period in the front of our minds to help keep the industry headed down the path to continued growth.
The air freight carrier industry appears to be the industry that could come out of the recession the strongest, at least at first, but things can change quickly. The air freight industry could be in a better position than trucking transport and rail freight movements as we head down the path to recovery. Customers that use air freight services have different requirements than companies that move by truck and rail and the present situation in the freight industry for many firms could see them making use of air freight movements in order to move freight. Particularly firms that are moving to a just-in-time production principle for their goods will make more use of the speed, security and reliability of air freight movements. In addition, many firms trying to cut costs could start looking at buying materials and goods from sources closer to their production facilities in Europe and North America, and thus eliminate the cost of importing from Asia.
The savings in costs that this strategy could mean will definitely be very attractive to many firms that are in a cost-cutting phase. In many instances the cost of local production is going to outweighted the investment in infrastructure and employment resources required for the logistics of moving the freight from Asia.
Firms going through a cost-cutting phase are certainly going to look at anything they figure could help their bottom line and this strategy could help some firms.
The air freight industry appears to be able to change quicker in responses to stimulus of various types and this sector of the freight industry is picking up speed quickly. Hopefully, this sector can help lead the charge of the freight industry as a whole as we head further into 2010, and the recovery we have all been waiting for.
http://www.ifw-net.com/freightpubs/ifw/ind…tid=20017750414
Tags: freight, freight carrier, freight carriers, freight forwarders, freight moving, freight shipping, freight transport, heavy haul, moving freight, shipping freight, trucking companies, trucking services, Trucking transport
Posted in Auto Industry News, Freight Industry News, Momentum Freight, Momentum Freight News, Shipping News, freight shipping | No Comments »
Friday, March 12th, 2010
The European economy may be stagnant, but Asian economies seem to be doing somewhat better, and West Coast ports are making sure they have enough room to handle future freight carrier traffic. Both Oakland and Vancouver, BC were in the news this week looking to expand their ports.
The Port of Oakland signed a deal to take over part of an old Navy base and convert it into warehouse and distribution centers; there will be some work needed to stabilize the ground, for part of the old base was build on fill material which is a disaster waiting to happen during the next earthquake to hit the area; the infrastructure work for the area is slated to cost a million dollars an acre, but prime property in the Bay Area will be worth that kind of money.
One of Oakland’s visions is to set up the kind of intermodal network with the Midwest that the LA and Long Beach ports have with areas like Dallas and El Paso. If trade to Asia continues to grow, that might be a viable option for shippers looking for container transport to and from the center of the country.
Meanwhile, there is more going on in Vancouver than the Olympics. Most of the Winter Games development has been at ski resorts away from the coastal areas, so the port authority has been busy buying up waterfront property in metro Vancouver in order to keep it from being turned into residential areas. Waterfront property is a prime location for apartments and condos, but a certain amount of that property needs to be available for shipping and shipping-related business, else economic growth in the region will be slowed.
Sources: http://www.sfgate.com/cgi-bin/article.cgi?…L#ixzz0fLTT5yhq
http://www.theglobeandmail.com/news/nation…article1460900/
Tags: container transport, freight, freight carrier, freight forwarders, freight moving, freight shipping, freight transport, heavy haul, moving freight, shipping freight, trucking companies, trucking services, Trucking transport
Posted in Auto Industry News, Freight Industry News, Momentum Freight, Momentum Freight News, Shipping News, freight shipping | No Comments »
Friday, March 12th, 2010
The European economy may be heading into a double-dip recession, something that should scare freight fowarders and anyone else in the shipping industry. The fourth quarter 2009 figures had the Eurozone (the countries using the Euro) growing at an anemic 0.1% rate. If the Greek economic problems continue (which they have in the first half of the first quarter) to bring downward pressure on the Eurozone, the European economies may have a second recession on their hands this year, or at least a negative growth first quarter of 2010.
That has repercussions across the pond. Container transport, which is the preferred mode of transport for exports, will likely be stagnant if there is a decreased demand for US goods in Europe; that is going to throw a monkey wrench into the President’s plan to double exports in five years. Fewer stuff will be flowing into the ports on the east coast and freight carriers in the east will have less business.
In a recessionary environment, the Euro will weaken, especially if the Greek debt situation casts doubt on the long-term stability of the Euro, which will make European exports more competitive. That will be good news for European car makers and US makers with European connections, but bad news for US car haulers.
This might encourage the US to be more Pacific-focused, as a growing Asia and a stagnant Europe will tend to skew the US economy towards more of a Pacific focus. The ports of the West Coast may become even more important in the years to come.
Source:http://www.marketwatch.com/story/german-gd…dist=beforebell
Tags: container transport, freight, freight carrier, freight carriers, freight forwarders, freight moving, freight shipping, freight transport, heavy haul, moving freight, shipping freight, trucking companies, trucking services, Trucking transport
Posted in Auto Industry News, Freight Industry News, Momentum Freight, Momentum Freight News, Shipping News, freight shipping | No Comments »
Tuesday, March 9th, 2010
Survival of the fittest is definitely the rule of business in the freight carrier industry of late and Europe has had just as tough a time dealing with the problems in the industry as the rest of the world. The moves and hard choices that have had to be made by many firms has kept them in business while firms in financial situations that aren’t as strong have fallen by the roadside. The ocean freight industry has started slow-steaming and put freight capacity away in order to reduce costs and keep the ships traveling back and forth with freight. The container trucking industry has begun looking at the newest technologies to help reduce costs and deal with the problem of reducing their carbon footprint on the surface of the Earth.
European freight carriers LD Lines and Transeuropa Ferries have decided to combine business resources in an effort to improve the services each firm supplies to customers in the geographical regions of Europe in which they both do business. The current agreement is for the firms to share space on ferries moving back and forth along the channel run between Ramsgate and Ostend next month. This means that freight capacity on the run will be increased sometime in the second half of 2010. They haven’t provided a firm date for the start of the service, but this will improve freight movements on this run and provide customers using the run with the more space for moving freight.
The freight industry could see more similar agreements between firms looking to take advantage of freight capacity that isn’t being used. Firms can improve their services by using the ability of another firm with overlapping freight services and services that one firm or the other doesn’t have as much capacity for. This kind of agreement is good for the industry as it makes use of the present capacity we have, rather than building additional capacity that is expensive and might not be used to its full. This will definitely reduce overall costs for firms that can use this strategy and should make the freight industry healthier as a whole.
http://news.bbc.co.uk/2/hi/uk_news/england/kent/8504588.stm
http://www.ifw-net.com/freightpubs/ifw/ind…tid=20017746639
http://info.jctrans.com/jcnet/news/osn/2010210850387.shtml
Tags: container trucking, freight, freight carrier, freight carriers, freight forwarders, freight moving, freight shipping, freight transport, heavy haul, moving freight, shipping freight, trucking companies, trucking services, Trucking transport
Posted in Auto Industry News, Freight Industry News, Momentum Freight, Momentum Freight News, Shipping News, freight shipping | No Comments »
Wednesday, March 3rd, 2010
Here’s an interesting bulk trucking cat-and-mouse game coming from Malaysia; the Malaysia version of the DOT had set up a checkpoint on one of the main roads going into Singapore in its Malaysian sister city Johor Baru, or JB as the locals call it. JB has grown to become Malaysia’s second largest city and is a key manufacturing hub; it’s become intertwined with Singapore not unlike the relationship between Windsor and Detroit over the US-Canadian border.
Trucks hauling construction material into Singapore caught wind of the checkpoint and pulled over to the side of the road; if they were overloaded, they could be hit with a year in jail and a $2900 fine; justice is a bit rougher in Malaysia, for I can’t think of overloads getting someone arrested in the US. By pulling off the road, the police could only hit them with a $90 ticket for traffic obstruction, since they had no good way to figure out whether the freight carrier was overweight or not.
Overloaded truckers in the US have been known to engage in coop-dodging, where they’ll exit just before a weigh station, go overland for a bit, then get back on the freeway after the station. Here, the truck drivers merely had to play possum until the coop-equivalent shut down, then continue trucking loads of gravel and other items into Singapore.
Finding loopholes in rules is as old as anything, and knows no borders; in fact, the more authoritarian a country is, the more people are forced to game the loopholes.
http://motoring.asiaone.com/Motoring/News/…209-197579.html
http://en.wikipedia.org/wiki/Johor_Bahru
http://www.bloomberg.com/markets/currencie…currencies.html
Tags: Bulk Trucking, freight, freight carrier, freight forwarders, freight moving, freight shipping, freight transport, heavy haul, moving freight, shipping freight, trucking companies, trucking loads, trucking services, Trucking transport
Posted in Auto Industry News, Freight Industry News, Momentum Freight, Momentum Freight News, Shipping News, freight shipping | No Comments »
Monday, March 1st, 2010
Engine maker Paccar is launching an MX class of diesel truck engine that is slated to become standard in Kenworth and Peterbilt trucks later this year; if they live up to their PR, they will be welcome additions to a freight carrier’s fleet. Paccar is currently importing the engines from a Dutch subsidiary but will be building them in Mississippi later in the year. The MX is designed up to current EPA 2010 standards, with exhaust recirculation and a truck version of a catalytic converter.
Our vocabulary term for the evening is B10, which is the time it takes 10% of a product to fail. The MX has a B10 of a million miles. That sounds like a lot when you’re comparing it to car engines that are expected to last around 100,000-200,000 miles, but a million miles would be 6.7 years of being used five days a week, 600 miles a day. Most trucks engines have B10s of half as long. The warranty is for 250,000 miles, so they aren’t counting on the Peterbilts petering out for a few years.
Trucking transport firms don’t like replacing trucks if they don’t have to and are leery of tackling the new 2010 truck standards as a beta-tester, but the MX has the advantage of already being used in Europe and China; that will be a good selling point for them going forward. Knowing that someone else has put the engines through their paces already will help get firms to fork over the bongo bucks required to by a truck these days.
Sources:http://www.truckinginfo.com/news/news-deta…_category_id=36
http://www.surveymethods.com/glossary/B10_%20Life.aspx
Tags: freight, freight carrier, freight forwarders, freight moving, freight shipping, freight transport, heavy haul, moving freight, shipping freight, trucking companies, trucking services, Trucking transport
Posted in Auto Industry News, Freight Industry News, Momentum Freight, Momentum Freight News, Shipping News, freight shipping | No Comments »
Friday, February 26th, 2010
The European Union naval partnership (EUnavfor) thinks the crossbones and skull of Somalia pirates could be flying from the flag pole of the North Korean freight carrier, the Rim, after the cargo vessel was seen heading toward an area off the coast of Africa where Somalia pirates are in control of things. The Rim is the thirteenth hijacked vessel, along with over 263 sailors now that the Rim has been hijacked, that’s still in the hands of the Somalia pirates, and one of over 80 ships that the pirates operating along the coast of Somalia have hijacked in the past two years. The ships taken do include several large freight carrier ships, along with smaller ships, moving along the trade routes running through the Gulf of Eden.
The fate of the crew members hasn’t been talked about much lately, but this has to be the main concern of all agencies involved in the problem. There are family members of these kidnapped individuals that are spending uncomfortable times while they wait to hear news that their loved ones have been released and we hope this is resolved safely and quickly. The pirates appear to have their own timetable for events to follow and will probably be demanding compensation for the return of the captives in their own time. There are many in the world opposed to paying ransom to the Somalia pirates for the return of the ships, the cargo they were carrying and the crew members.
The authorities tasked with patroling the trade routes the pirates prey on believe it’s possible the Rim might have wandered off the internationally recommended transit corridor in use and was attacked by Somalia pirates once this happened. Freight carrier vessels need to stay on the path that has been laid out for ships moving through the areas where pirates are known to operate, but ships can easily go off track and this is when they become vulnerable to attacks by pirates.
http://www.msnbc.msn.com/id/34623070
http://www.ifw-net.com/freightpubs/ifw/ind…tid=20017745819
Tags: freight, freight carrier, freight forwarders, freight moving, freight shipping, freight transport, heavy haul, moving freight, shipping freight, trucking companies, trucking services, Trucking transport
Posted in Auto Industry News, Freight Industry News, Momentum Freight, Momentum Freight News, Shipping News, freight shipping | No Comments »
Friday, February 26th, 2010
Overseas shipping companies bringing freight in and out of Finland will have to alter their plans and maybe put them on hold until Finnish dock worker finish their negotiatons with the Finnish Port Operators Association. This is because the Finnish Transport workers union AKT has sent the word out to its members to prepare for strike action in order to get the negotiations over changes the freight carrier workers want to the agreement they have with the agency back on the rails and moving forward.
The strike will definitely bring freight carrier movements at the ports of Finland to a crashing halt and the it wouldn’t be surprising if the Finnish government stepped in to order the workers back to work, if the dispute goes on to long. After all the movement of freight into and out of Finland is essential to the health and welfare of the people and nation, so hopefully for both sides sakes they get to work and get this settled, soon.
The negotiations are suppose to continue once the mediator arrives onto the scene and it appears this person can’t arrive to soon, as far as the workers and people of Finland are concerned. Hopefully, the mediators arrival gets things back on track and the negotiations start up again.
If the mediator isn’t able to get things back on track and the negotations successful, then the strike could begin sometime around the 19th of February. This date is going to be important for firms that have to export or import freight into Finland and they’re surely looking at ways to take care of the work they have to do in some other way, just in case the strike does start.
http://www.ifw-net.com/freightpubs/ifw/ind…tid=20017745583
Tags: freight, freight carrier, freight forwarders, freight moving, freight shipping, freight transport, heavy haul, moving freight, shipping companies, shipping freight, trucking companies, trucking services, Trucking transport
Posted in Auto Industry News, Freight Industry News, Momentum Freight, Momentum Freight News, Shipping News, freight shipping | No Comments »
Tuesday, February 2nd, 2010
Since truck drivers spend eight hours a day (or more if they’re fudging on HOS rules) behind the wheel, tricking out one’s cab is often a high art in the trucking transport business. Some of the accessories market to truckers save money (like air-conditioning systems that allow trucks to shut the engines down) while others just provide comfort. However, some can do both.
Bose, the high-end acoustics maker, is getting into the trucking business with a vibration-absorbing chair, which takes some of the technology that goes into speakers and cancels out the vibrations from the road, keeping the head and torso level as the truck goes down the road. Since Bose’s day job is to make speakers vibrate just right, it isn’t a big jump to getting things not to vibrate.
Spending $2000 or more on a chair seems obsessive, but if it a chair to keep the trucker from vibrating like he’s on an old quarter-fed hotel bed, it can be money well spent in keeping a trucker from getting fatigue and back issues courtesy of a bumpy ride. If a $3000 investment saves $10,000 in medical and worker’s-comp claims over the life of the chair, it would be money well spent. You’d also likely get added alertness from drivers, which would be a benefit to freight carriers as well, albeit one that would be hard to quantify in the short term.
The exact price point that the Bose chair comes in at may dictate the amount of market share it gets. A pricier chair might be seen as a “reasonable accommodation” under the ADA for a driver with a bad back, but might not be made standard in trucks, while a price closer to the $2000 for air-ride chairs might put Bose in as a serious player in the market.
Source: http://blogs.wsj.com/digits/2010/01/28/bos…-at-auto-seats/
Tags: freight carrier, freight hauler, freight shipping, moving freight, ship cargo, ship freight, Trucking transport
Posted in Auto Industry News, Freight Industry News, Momentum Freight, Momentum Freight News, Shipping News, Uncategorized, freight shipping | No Comments »