January was kind to Boeing in terms of freighter aircraft orders – especially if you consider the 767-200C a freighter. To start, Istanbul-based Turkish Airlines converted two 777 passenger aircraft orders to freighters, and an unidentified customer ordered one 777F.
Category Archives: Uncategorized
While United States-bound retail container volumes trended down in December, the over all outlook for 2017 volumes appears to be solid, according to the most recent edition of the Port Tracker report issued by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.
As consumers are turning away from purchasing products in traditional brick-and-mortar stores in favor of buying those same goods online, the need for enhanced reverse logistics services is becoming increasingly more apparent.
Moderately favorable was how freight transportation forecasting firm FTR described the current state of the intermodal sector vis a vis to truck, according to the Intermodal Competitive Index (ICI), which the firm recently released.
Hyundai Merchant Marine announced last Thursday it will buy 20 percent of a company part-owned by Hanjin Shipping that operates terminals in Seattle and Long Beach, in a move that may go some way to restoring the severely depleted flow of cargo through the California terminal.
(This article requires registration at the Journal of Commerce. To access, please click on the above link.)
Following the bankruptcy of Hanjin, Taiwan’s Yang Ming is now the container line in the greatest financial danger, according to a research paper published today. Drewry Financial Research Services (DFRS) says the line has the industry’s most leveraged balance sheet, with a net gearing of a massive 437% at the end of Q3.
The figure soars above the industry average of 124% and is nearly five times that of its closest regional peer, Evergreen.
Diesel prices finally dropped after a month and half streak of weekly increases, according to the latest numbers from the Energy Department.
The most recent edition of the Trucking Conditions Index (TCI) issued this week by freight transportation consultancy FTR remained in familiar territory, as market conditions appeared to show signs of stabilization at the end of 2016 heading into 2017.
In the first week of the year, diesel prices continued to rise, extending a 6-week streak of increases, according to the latest numbers from the Energy Department. The average price of on-highway diesel fuel in the U.S. increased 1.1 cents last week, rising to $2.597 per gallon at the pump. The price is now 42 cents higher than it was in the first week of 2016.
The nation’s gross domestic product, which measures the total output of goods and services, expanded at a rate of 3.5% in the third quarter of the year, according to the Commerce Department. This third and final estimate is up from a 3.2% rate estimated a month ago and a 2.9% estimate in late October.