Force Majeure at Dominion Terminal

Hampton Roads…Force Majeure declared by Dominion Terminal at North America’s largest coal-exporting port. Extreme weather will “prevent the dumping of coal from railcars and the loading of vessels at average rates.”

Global metallurgical coal prices may be affected esp if Kinder Morgan Pier IX and NS Pier 6 follow suit.

Coal Terminal DTA

Airbus + Bombardier C-Series Deal

Airbus and Bombardier partner on the C-Series with a 50.1% interest to be held by Airbus.

The partnership provides Bombardier with the financial and marketing power of Airbus. The 300% US tariff for the C-Series will potentially be avoided by Airbus assembling the planes in its Alabama plant.

bardier c-seri

CP Extends Reach into Ohio Valley with Bluegrass Farms and G&W

CP entered an exclusive contract with G&W and Bluegrass Farms to use Bluegrass’s 90-acre intermodal facility in Jeffersonville, OH.  The facility is located on the I-71 corridor and serves Columbus, Cincinnati and Dayton.

The site provides CP and G&W with a full service intermodal facility as well as the ability to transload bulk agricultural products into containers.

CP Bluegrass Farms

CSX Precision Scheduled Railroading Gains

Since mid-July, system-wide train velocity on CSX’s 21,000-mile network has increased by almost 16 percent, and is now higher than the 2016 full-year average.

Transit times for scheduled merchandise trains have returned to a normal range, and are lower than transit levels at the outset of CSX’s PSR implementation in 1Q 2017.

Average terminal dwell (the number of hours cars spend in terminals between origins and destinations) has steadily improved over the last two months and is currently 11.2 hours, declining more than 15% since the summer. Dwell is now lower than 2016 full-year average.

CSX Intermodal

 

Rickenbacker Inland Port FTZ Drives $$

Cargo imports exports at Rickenbacker rose 21 percent in the first half of 2017, bolstered by increased service from Etihad Airways, Trinity Logistics, and Emirates.

Norfolk Southern’s Heartland Corridor service carries double-stack containers between the Port of Norfolk and Chicago via the Rickenbacker Inland Port. Columbus is a one-day drive to 47% of the U.S. population and 47% of the country’s manufacturing capacity.

Over six-million square feet of new logistics and distribution space was added in 2016, a record breaking year for Columbus in terms of new supply from construction.

Norfolk Southern

 

TRAC Intermodal Chassis Pool Award 2017

The Association of Bi-State Motor Carriers has named TRAC Intermodal the Best Overall Chassis Provider in the Port of New York-New Jersey for 2017.

TRAC’s active fleet is over 270,000 chassis and a footprint of approximately 600 marine, 160 domestic and 60 depot locations across North America.  TRAC is the nation’s largest intermodal chassis pool manager and IEP.

port with shipping containers 16x9

 

 

 

 

Maersk, Rowan and Offshore Oil Drilling Deal

Rowan Cos. is in talks to acquire the drilling business of A.P. Moller-Maersk shortly after Transocean agreed to buy Songa Offshore for $3.4 billion.

Maersk has 24 drilling rigs, including drill ships, deep-water semi-submersibles and high-end jack-up rigs, according to its website. It employs over 3,000 people and the business generated a profit of about $743 million in FY 2016.

The drilling business assets could be valued at about $4 billion.  Rowan, a Houston TX offshore contract driller, has a market value of $1.4 billion, down from $5.6 billion in 2011, when oil sold for more than $100 a barrel.

maersk-drilling

$450MM Intermodal Honolulu

The 84-acre Kapalama Container Terminal (KCT) and its 1,800 lineal feet of new berthing will enable Honolulu to almost double its cargo capacity.

The $450 million Harbors Modernization Plan is a four year project beginning December 2017 and targeted for completion in 2022.

Phase 1 includes the 84-acre intermodal yard with an elevated two-foot grade for rising sea levels as well as 1,800 lineal feet of new berthing.  KCT is located next to the existing inter-island yard to enable 50,000 moves per year.  Imports make up more than 80% of all goods in Hawaii.

Port of Honolulu

 

Mediterranean Shipping 11 Vessel Order

Mediterranean Shipping Company placed an order for 11 ships of 22,000 TEU, less than a week after CMA CGM confirmed its own order for nine of the giant vessels.

CMA CGM said its order for nine ships of 22,000 TEU was based on reducing unit costs, while MSC said the mega-ships would be deployed to replace vessels going off-hire in its chartered fleet.

MSC