Monthly Archives: February 2012

A leap year consists of 366 days, as opposed to a common year, which has 365 days. During Leap Years, we add a Leap Day, an extra – or intercalary – day on February 29. Nearly every 4 years is a Leap … Continue reading →

According to data from PIERS, weak container volumes to the Mediterranean and Europe caused containerized exports in the US to drop by 0.2 percent during the fourth quarter – a dull finish to the year, which hit record exports of … Continue reading →

Maersk Line says that it is going to cut its Asia Europe trade lane vessel capacity by 9 percent, in an attempt to improve the flagging freight rates and also to restore profitability. However, it also vowed to protect its … Continue reading →

The American Trucking Association (ATA) on Tuesday said that the trucking group will be filing a petition, which challenges the new final truck driver working rules in the federal court. The American Trucking Association is aiming to overturn a provision … Continue reading →

Obama’s budget for 2013, calls for an increase of almost $30 billion in annual transportation infrastructure spending, in addition to the $50 billion being sought through the Senate’s and House’s competing surface transport plans. Under the $3.8 trillion budget, which … Continue reading →

Prices of diesel rose at the sharpest rates in about three months across the United States in the week ending on February 6, increasing by 8.7 cents as hopes of Greece securing a second bailout pushed prices of oil to … Continue reading →

Spot freight rates on westbound Asia Europe trade lanes fell by 3.2 percent in the week ending February 19 as compared to the previous week as the euro crisis carries on depressing demand. This reduced demand along with vessel overcapacity … Continue reading →

Member shipping companies of the Transpacific Stabilization Agreement (TSA), on Thursday said that they will be seeking cumulative rate increases of around $800 to $1000 per forty foot equivalent units (FEU), between the 15th of March and 1st of May … Continue reading →

According to a transport survey, tighter bank financing has turned out to be the big threat for the shipping industry, with many looking for alternative funding like private equity for filling gaps amidst a worsening credit crunch. In the survey … Continue reading →

The recently formed G6 alliance of shipping carriers has sped up the launch of their Asia Europe service by one month to March’s first week, to coincide with the steep increases in freight rates across the world’s largest trade route. … Continue reading →