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Journal of Commerce

  • US bill reintroduced to prevent labor slowdowns, disruptions

    The US West Coast labor dispute in 2014 and 2015 inspired the bill. WASHINGTON — US lawmakers have reintroduced legislation that would redefine labor slowdowns at US ports as unfair labor practices, effectively enabling the federal government to crack down on disruptive labor maneuvers and “injured parties” to demand monetary reward...


  • Trailer Bridge extends Dominican Republic niche service

    Trailer Bridge will soon be the sole operator of barges on the US-Puerto Rico trade. Trailer Bridge is developing a new niche with 53-foot containers on a twice-weekly service to Santo Domingo, Dominican Republic, while weathering a difficult US mainland-Puerto Rico market. The Santo Domingo service was launched six months ago. It...


  • Eastbound trans-Pac spot rates fall ahead of spring restock

    Trans-Pacific spot rates are unlikely to fall to the historic lows of 2016. Spot rates in the eastbound Pacific dropped for the eighth straight week, dipping 4 percent from last week and still seeking a floor before cargo volumes begin to build later this spring. Historically, peak-season volumes can be at...


  • Schneider, largest private US trucking firm, launches IPO

    After the IPO, there will be no privately held companies in the Top 10 US trucking companies. Schneider National, the largest privately owned US trucking company, plans to raise stock between $281 million and $359 million in net proceeds in an initial public offering company, and an additional $217 million to...


  • Hapag-Lloyd missing out on rising spot freight rates

    Like other container lines, Hapag-Lloyd reported stronger volumes in the second half of 2016. Hapag-Lloyd said it’s facing a challenging start to 2017 as long-term contracts are limiting its ability to cash in on rising spot market rates as it focuses on the launch of THE Alliance next month and the...


  • PSA International volume rises, profit drops

    Last year, 2016, was difficult for most global marine terminal operators. PSA International announced a 7.5 percent drop in net profit to $1.17 billion Singapore dollars ($837 million) in 2016 despite rising volumes and revenues at its global operations. The global terminal operator handled 67.63 million twenty-foot-equivalent units (TEUs) last year, an...


  • Rhenus acquires 40 percent of Arkon Shipping

    Rhenus Group wants to expand its presence in European short-sea shipping. German logistics operator Rhenus Group has acquired a 40 percent stake in Arkon Shipping, which manages a fleet of more than 120 seagoing vessels in European coastal and container feeder services and global heavy lift and project shipping. The companies said...


  • Japan orders Yusen to shut down customs operations

    Yusen Logistics has said it will strive to ensure such mistakes do not happen again. Japanese authorities have ordered Yusen Logistics Co. to completely suspend its customs clearance operations in the country for more than two months for violating the Customs Brokerage Act by making false declarations. Tokyo Customs, Nagoya Customs, Osaka...


  • DP World Cochin upbeat despite trade concerns over tariff hike

    Traffic at the port of Cochin is projected to set a new record in the 2016 to 2017 fiscal year. Though trade and shipper associations maintain that a tariff increase set for April 1 could dampen strong growth at the International Container Transshipment Terminal (ICTT) at India’s port of Cochin, terminal...


  • Indian dockworkers threaten strike to block port reform

    A strike at Jawaharlal Nehru Port Trust would reverberate through the Indian economy. India’s major ports, which together account for roughly 70 percent of the country’s total container trade, face a fresh threat of labor stoppages next month after the government cleared new legislation reforming the public port system. Labor groups representing...


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BLG CHICAGO PRESENTED WITH COMMUNITY AWARD

We are pleased to announce that Nancy Abuali, owner and CEO of MEA Cargo (GLB agent in Chicago, IL,), has won the Innovation Award for her leadership and coordination of the inaugural Elgin Area Small Business Academy.  

 
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