Press Releases
Hot Profit for Cold Chain Specialist Marten Transport | Journal of Commerce
Marten Transport raised its net profit 47 percent to $7.1 million in the fourth quarter as the refrigerated carrier’s revenue jumped 15.9 percent to $158.3 million. For the full year, net profit rose 23 percent to $24.3million on a 16.8 percent increase in operating revenue to $603.7 million,
Cryopak Releases the Tempak Plus Insulated Shipping Container for 2-8°C Shipments
Cryopak, the leader in temperature controlled products, announces the launch of their new product, the Tempak Plus Insulated Shipping Container.
Stevens Transport Buys 1,200 Reefer Trailers | Journal of Commerce
Refrigerated trucker Stevens Transport is purchasing 1,200 temperature-controlled trailers from Utility Trailer Manufacturing to reinforce its growth plans. Demand for refrigerated transportation is increasing, especially as food retailers move to more regional distribution networks designed to
Reefer Cargo Shippers Warm Up To Rails | Journal of Commerce
Several decades ago, U.S. railroads decided refrigerated cargo was more trouble than it was worth; investment in new reefer boxcars virtually came to a stop, and reefer traffic moved to nation’s highways. Then, several years ago, new equipment, facilities and service were added to the reefer
Lufthansa Cargo Opens Frankfurt Cold Cargo Facility | Journal of Commerce
Lufthansa Cargo began operations at a cold cargo facility at Frankfurt airport, the latest investment aimed at keeping pace with the fast growing market for temperature-sensitive air freight.
Container Lines Need to 'Cold' Idle Ships, Analyst Says | Journal of Commerce
Ocean carriers need to start fully decommissioning vessels if they want to succeed in pushing through rate hikes in the New Year, said a Macquarie Capital Securities analyst. Alphaliner said there was less than 1 percent increase in idled vessels in mid-November, while the proportion of the total
Agriculture Exports Face Delays at Port of Oakland | Journal of Commerce
Agricultural exports are facing delays at the Port of Oakland as terminals struggle to provide longshoremen with documentation verifying that refrigerated containers containing farm products have not previously transited Vietnam and are safe to handle.
Green Reefer Loss Widens as Rates Hit Seven-Year Low | Journal of Commerce
Norway’s Green Reefers saw its operating loss widen to $5.7 million in the third quarter from $1.7 million a year ago, as spot freight rates slumped to a seven-year low amid increasing competition from ocean container carriers.
TPM Adds Refrigerated Cargo Track | Journal of Commerce
The 2012 Trans-Pacific Maritime Conference organized by The Journal of Commerce will add a full-day track on refrigerated container transport to address the growing trade in perishables and other temperature-sensitive cargo moving between Asia and North America.
Green Reefers, Seatrade Team Up to Fight Competition | Journal of Commerce
Green Reefers and Seatrade are pooling their refrigerated cargo ship fleets to combat fiercer competition from ocean container carriers. The Norwegian and Belgian companies will jointly operate a fleet of 48 conventional reefer vessels with capacities of 192,000-315,000 cubic feet in the GreenSea
