Page 14 - ATR 5 2012 web 2

News iN brief, ships from its Asia-Europe trade lanes. said on Oct. 18 that they would reduce
Continued from page 12 That will bring its total capacity cuts on capacity between China and Europe by
the route to 21 percent this year after a 9 23 percent during the fourth quarter and
freight container shipping companies. percent reduction in February. that they would consider further capacity
Container carriers such as Maersk Line, Coupled with a planned $500 per cuts depending on demand.
Hapag-Lloyd and Hanjin Shipping Co. container freight rate increase, analysts Coupled with similar measures by
have announced the removal of capacity predict that Maersk may achieve the full- the CKYH alliance, which includes China
of more than 30,000 standard contain- year profit it forecasts for the year and Cosco Holdings Co. and Yang Ming
ers between Asia and Europe in recent help offset rising fuel prices in an indus- Marine Transport Corp., 7.7 percent of
weeks. try in which all major container lines lost the total fleet at the end of September
Maersk Line, the world’s largest, money in 2011. will be cut between Asia and Europe, RS
said in October that it would remove 19 Hanjin Shipping and Evergreen Line Platou estimated.
Hildan and Moerkedal said capacity
needs to be cut by 33,400 TEU to achieve
Transportation | Workplace Safety | Human Resources the average utilization and freight rate of
$1,400 per standard container registered
in the first nine months of this year.

fUNdING TaSkforCE
Persuading elected officials to pay
for the nation’s highways and bridges
is an increasingly difficult challenge.
American Trucking Associations (ATA)
President Bill Graves has announced a
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topic of highway funding.
Topping the list is fuel taxes and
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14 arkansas truCking rePort | issue 5 2012