A few ocean carriers eliminated stops at the Tokyo and Nagoya ports, while other ocean carriers added cargo restrictions and changed ship routings around Japan. Japan’s Coast Guard has told ship operators to steer at least 50 miles away from the damaged Fukushima plant to avoid contamination.
Some of the Japanese ports that were affected by the devastating earthquake and tsunami have reopened, including the Port of Sendai-Shiogama.
With the trucking industry showing a healthy volume of growth, many would expect this to have a positive impact on pricing for shippers. According to Jeff Berman, this may not be the case as carriers continue to grow and spend money on this growth and the rising fuel prices.
The US Customs and Border Protection Agency have tested all aircraft, ocean carriers and cargo to ensure that they are free of harmful radiation. All equipment and cargo that has been scanned has shown no harmful radiation.
US manufacturers are urging the Obama administration to move forward on the pending free trade agreement with Columbia. Their hope is that the agreement will open up a new source for oil and gas that is not from less secure foreign sources.
ACT Research has determined that heavy net order volume in recent months has pushed the Class 8 heavy-duty backlog volume to just under 100,000 units.
– Ben Dundas, Web Analyst