Posts Tagged ‘freight carriers’
Monday, March 8th, 2010
There’s a battle brewing in the container transport industry in the Philippines over suggestions by freight professionals in the Philippines freight industry that they’re paying fees and charges that are unfair in order to move freight. Apparently, the list of charges and fees is significant and suspicious to many firms and they have called for an investigation to be conducted on whether shipping lines have been adding charges that are unnecessary and over the top.
There’s no reason not to investigate claims of abuse, but freight carriers have to be prepared to accept the decision of the agencies tasked with the investigation. They might not get the decision they’re looking for, but they could be right and such things do need to be investigated. Shipping lines should have the right to alter their fees and charges, depending upon conditions and expenses, after all they do need to make a profit, but just as surely we need to keep an eye out for possible abuses.
There are a few changes in the works that could help alleviate this problem a little in the future, they’re planning on implementing a new nationwide Import Assessment System in the ports of the Philippines that should help decrease charges and fees by moving the assessment process on line. This system has already been in use in ports in the Philippines and has been met with some success, so maybe the implementation in all of the ports of the Philippines will allow for the fees and charges to be more consistent.
In the meantime freight carriers will just have to deal with the situation, until the investigation comes to a decision, which could take awhile. The costs will be passed onto customers anyway, which is a bad situation for all involved, but what other choice to they have?
http://www.ifw-net.com/freightpubs/ifw/ind…tid=20017747342
Tags: container transport, freight, 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 »
Monday, March 8th, 2010
A different type of intermodal transport is being proposed for the I-81 corridor, which is quickly becoming a favorite of freight carriers; since it goes through the relatively unpopulated Shenandoah Valley rather than the more populated I-85 and I-95 routes, it has less traffic to contend with. A rolling highway has been proposed for a Harrisburg PA-Knoxville run, giving trucks the option of rolling onto a flatbed rail car, grabbing a seat in a passenger section and let the railroad do the rest.
That’s not as efficient as classic intermodal transport, where just the container is moved by rail and picked up by another tractor or ship at the other end. However, some freight can’t be containerized and some firms might opt to have their driver and trailer come along. Such systems are currently being used in Austria and Switzerland to ease the burden of trucks trying to tackle the Alps on their own.
It’s a nine hour drive between Harrisburg and Knoxville, and if trucking loads came from a bit further away, drivers would have to stop for the night to finish the run; with a rolling highway taking 15 hours to cover that run, a trucker could get his time away from the truck in and be ready to do the rest of the leg. That would cut four hours off the trip if a trucker needed 10 hours of down time to keep HOS-legal.
Such a rolling highway would take some of the strain off of I-81 and take away the need to expand the highway to accommodate extra traffic. The key question is whether such a rolling highway would make economic sense to trucking transport firms and whether it would have to be subsidized by state and local governments in order to make it cost-effective for truckers.
Sources: http://www.thetrucker.com/News/Stories/201…81gridlock.aspx
http://www.railsolution.org/
http://en.wikipedia.org/wiki/Rolling_highway
Tags: freight, freight carriers, 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 »
Wednesday, March 3rd, 2010
The Canadian government is looking to buy the privately owned Ambassador bridge between Windsor and Detroit; with a steady flow of trucking loads crossing each day, the bridge carries a quarter of the trade between the US and Canada. One of the reasons why Transport Canada (the northern analog to the DOT) is interested in buying the bridge is that the owner of the bridge, Matty Moroun, has been in court trying to slow down an alternative bridge that the Michigan and Canadian governments are working on downriver from the current bridge that would shunt a lot of freight carriers south. The area has a need for more room to cross the border, but the new bridge would cut down on business at the Ambassador, so Moroun is keeping his lawyers busy.
Moroun has supposedly put a $3 billion price tag on the bridge, but with only $60 million in toll revenue, the bridge would be more likely worth half that figure; at a 5% required return, $60 million a year indefinitely would only be worth $1.2 billion before expenses were factored in. Transport Canada was willing to pay closer to half of Moroun’s asking price.
This might be a good place for eminent domain to kick in and have the governments involved force a sale at fair market value. Unlike some of the more controversial uses of eminent domain where cities have forced a sale of property in order to turn it over to developers, this one would be a seemingly legit use of that government power, although one a bit tainted by the collateral benefit of shutting up a pesky adversary.
Source: http://www.nationalpost.com/news/story.html?id=2538184
Tags: freight, freight carriers, 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 »
Thursday, February 25th, 2010
Air freight has had a good 2009 compared with ship, rail and truck based freight carriers. Evidence of that good business is coming out of Seattle, where the new freight version of the 747, the 747-8, is going to make its first flight tomorrow. Ten of the behemoths are already on order from Luxembourg-based carrier Cargolux and eight more are on order from Nippon Cargo Airlines. With a $310 million list price, Boeing has made about a $5 billion dent in the trade deficit with those sales.
The new 747-8 is a bit larger than the current 747s, is more fuel efficient and produces fewer emissions. However, green freight haulers won’t sell unless there is freight to haul, and the upturn in the air cargo market has made such planes feasible. Airbus has a bigger cargo plane on the drawing board, a version of their A380 passenger jet, but they have yet to get a sale for one; the 747-8 has the advantage of fitting into existing 747 slots in airports, while the largest-in-the-world A380 doesn’t fit existing slots as well.
Trucking loads should be increasing as well in this environment, as it generally takes a truck to ship freight to and from the airport; ship-to-plane or rail-to-plane transfers aren’t as common. Air freight is generally more time sensitive than other freight, so trucking logistics firms should benefit from taking care of the transport needs of customers on both ends of the 747-8 flights in a timely manner.
Source: http://abcnews.go.com/Business/wireStory?id=9769862
Tags: freight, freight carriers, freight forwarders, freight moving, freight shipping, freight transport, heavy haul, moving freight, ship 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 »
Wednesday, February 24th, 2010
Three weeks into the Haitian rebuilding effort and we’re seeing a return to normalcy; the Port-au-Prince port is now asking for freight carriers to file notice of arrival forms ahead of time. Traffic is heavy there, as 2000 20-foot unit equivalents are flowing through the port daily, more than the average day before the earthquake. The US Coast Guard admiral for that region is suggesting that smaller ships bringing aid into Haiti use smaller ports like Cap Haitian.
There have been a lot of small efforts to bring help to Haiti; news broadcasts and newspapers (and especially church bulletins) always seem to have one or more charities looking to send help to Haiti. Once the aid items have been collected, it has to be loaded into a trailer. Then container transport needs to be arranged to a port and shipped down to Haiti.
Now, all that aid is trying to get into the country as the relief aid starts to come in. Good intentions don’t get as far in Week 3 of a crisis as they do in Day 3, as the misguided Baptists from Idaho found out when they got arrested trying to save kids from the Haitian mess and bring them back to the US without proper approval. Aid going in needs a freight agent to make sure things go smoothly as well.
A lot of that freight is being brought in on a pro-bono basis by truckers, but that cheap freight might not last forever, and future shipments might need to be on a for-hire basis.
Source: http://www.joc.com/node/416529
Tags: container transport, freight, freight agent, 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, February 23rd, 2010
Governments have three common choices when looking to get transportation funding; cut spending elsewhere, raise fuel taxes or look at toll roads. When faced with those three prospects, toll roads frequently become the least painful of the three choices. They have the advantage of being able to tax interstate transport activity, hitting truckers and drivers who may just be going through the state.
Pennsylvania has talked about making I-80 a toll road; it runs through a more rural part of the state and is mostly used by traffic going from the east coast to Ohio and the rest of the country. While the locals along the route of I-80 may not like it, it is one option to increase funding.
West Virginia is the most recent state to look at adding to their toll road coverage beyond the West Virginia Turnpike covering the southern part of I-77. I-64, I-79 and the northern part of I-77 might be candidates for tollage, which would not please freight carriers going through the area. In a tough economic environment, trucking transport firms are working to stay afloat, and extra tolls will hit their bottom line, especially if the freight rate on a trip had been set previously without factoring in the added tolls.
If Pennsylvania does go ahead and make I-80 a toll road with Washington’s blessing (the DOT has to OK making an interstate a toll road), penny-pinching traffic heading west might shift to I-64 as a east-west route if the main interstates heading out of the northeast (I-90, I-80 and I-76) are all toll roads. That might have more trucks heading down WV way and make tolling the road more likely.
http://www.thetrucker.com/News/Stories/201…roadagency.aspx
Tags: freight, freight carriers, freight forwarders, freight moving, freight rate, freight transport, heavy haul, interstate transport, 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, February 23rd, 2010
A variety of fuel-using groups, including the American Trucking Associations, are looking to Congress to control “excess speculation” in oil and fuel derivatives markets; high oil prices have caused higher prices in the trucking services industry and rogue traders are an easy target. “Derivative” has become a scary word in economic discourse, but the issue at hand is mostly oil futures, where people lock in a price for future delivery of a product. Agricultural futures date back to the 1800s, where farmers and buyers of farm products would lock in prices for their products; oil and fuel futures are more recent creations, dating back to the 1970s.
Not everyone that is in the futures market is looking to hedge a sale or a purchase; some speculators may step in if they see prices out of whack and wait for the price to recover, when they take an opposite position and pocket the difference in prices. If there are more people that are interested in selling then there are buyers in the futures markets, speculators can step in to buy contracts; conversely, in a market with an excess of buyers, speculators can step in and be on the sell side of the deal. In such situations, speculators provide liquidity to the market, keeping prices from going on too much of a roller-coaster ride.
Thus, over-regulating speculators can be problematic, for if non-hedgers are precluded from the markets, prices would be more volatile. That wouldn’t be good for the financial markets or the freight carriers looking to hedge their price on diesel fuel.
If speculators were betting on prices going down, the ATA wouldn’t be complaining about excess speculation; it’s only excessive if the price is going in the wrong direction. There does seem to be a bit of institutional money with long positions in oil futures betting on high oil prices, but regulators will need to be cautious in not taking liquidity away from the energy futures markets in the name of hunting down over-speculation.
Source: http://www.joc.com/node/416463
Tags: freight, 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 »
Thursday, January 28th, 2010
The port of Dover has been in the news this winter as bad weather has played havoc with the English Channel tunnel, diverting freight carriers and cars alike to the traditional ferries that call Dover home. While most ports are privately owned in Britain, Dover is publically owned, working under a “trust port” charter issued by King James I in 1606; yes, that’s the King James Bible guy.
However, that 17th-century charter makes it harder to raise 21st-century capital, so the port is looking for permission to privatize, so they can sell stock and thus raise the funds needed to modernize the port. The Chunnel seemed to have made the port of Dover somewhat moot, but the problems of last month point out that Dover is far from being an antique.
Even in the Chunnel era, there is still a place for the RORO service out of Dover; the ferry is still economical and some types of trucking loads are ill-suited for sending through a long tunnel. Dover wants to build a second six-ship hub to handle cross-Channel traffic; that will help fend off the kind of backlogs that had Operation Stack kick in to park the trucks on the incoming highway.
The question that the Dover management might be wondering is how best to get that capital. An existing port management firm like Hutchison Whampoa or DP World might be interesting in buying the port, or Dover might opt for an IPO and sell stock to the investing public. An improving stock market makes an IPO much more viable than it would have been a year ago.
Source: http://www.joc.com/node/416304
Tags: cargo shipping, container transport, freight carriers, freight shipping, trucking loads
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Wednesday, December 30th, 2009
YRC is making what should be one last extension of its debt-for-equity swap offer through midnight tonight. The key block of convertible bonds that needs 95% approval is at 81%, only 1% up from yesterday’s report.
The Teamsters are on a PR offensive, targeting banks and hedge funds that they believe are holdouts on the swap offer. All three of the banks listed in the Wall Street Journal piece are based outside the US. Barclays is British, UBS is Swiss and Toronto Dominion is of course Canadian; thus, they are largely immune from any pressure that the US government could bring to bear. Such protests may be too little too late and may be designed to cast the Teamsters as the victim of greedy hedge funds and foreign banks, possibly setting the script for Michael Moore’s next movie.
New Years Eve brings a $19 million interest payment that YRC seems unable to make. Tomorrow may be a major day for freight carriers nationwide, as it would be likely that YRC would file for bankruptcy if they can’t make their interest payment.
A silver lining to this is that this comes over a long holiday weekend where there will be a minimum of freight on the move. That will allow YRC to wind down operations in an organized manner.
One thing that has yet to be mentioned in the coverage of YRC is whether the federal government might step in to cushion the fall. It doesn’t seem likely, but some sort of Washington action to avoid an Arrow-like debacle on a huge scale might be under consideration.
Tags: freight carriers, YRC
Posted in Freight Industry News | No Comments »