Freight Train

Missouri highway buckles after cargo trains collide at overpass

Emergency teams on the badly buckled overpass. Photo: AP

A highway overpass in Missouri collapsed when rail cars slammed into one of the bridge's pillars after a cargo train collision. Seven people were injured, though none seriously.

Monday, 27 May, 2013, 4:54am

Rail ministry's debts bring biggest freight fees rise in a decade

Freight charges accounted for 50 to 70 per cent of the Ministry of Railways' revenue.

The crushing debt burden of the Ministry of Railways has compelled Beijing to impose the biggest rise in rail freight tariffs in a decade. Although that may be bad news for freighters, it came as welcome news on the stock market.

21 Feb 2013 - 6:07am

Shippers demanding big levy to recoup losses

Hong Kong and mainland exporters face a massive increase in the cost of shipping their goods to North America during the summer peak.

10 May 2012 - 12:00am

Dry times for Pacific Basin

Pacific Basin Shipping, which specialises in shipping dry bulk cargo and towage, is facing a weaker dry cargo market this year with lower rates overall compared with last year, senior executives said yesterday,

Chief executive Klaus Nyborg said the dry bulk sector was in 'its darkest hour'.

2 Mar 2012 - 12:00am

Year-end hope for container shippers

Transpacific container lines could see a better-than-expected end to the year as an increase in cargo demand and cuts in shipping capacity combine to lift overall revenues, shipping companies said.

17 Nov 2011 - 12:00am

Sinotrans defies trend to post US$55m profit

Sinotrans Shipping's share price rose 5.2 per cent yesterday after it reported a better-than-expected net profit of US$55.22 million for the first six months of the year.

The counter closed at HK$1.82, buoyed by a US$58.48 million result that was down just 5.6 per cent from a year earlier though analysts had forecast a lower outcome of US$48 million to US$52 million.

27 Aug 2011 - 12:00am

Freight managers need strong negotiation and persuasive skills

Transporting goods is an unpredictable business. Bad weather and unfortunate accidents may prevent items from arriving on time at the correct location, and in good condition.

Freight managers are the ones responsible for the smooth flow of goods from port of loading to port of discharge. They work closely with the operation team to get the goods delivered.

12 Aug 2011 - 12:00am

Dry bulk market growth to weaken

The mainland's tighter controls on bank lending will have a negative impact on the dry bulk shipping markets as spending on real estate and infrastructure slows, according to a leading Hong Kong shipowner.

15 Apr 2011 - 12:00am

Dry bulk ship deliveries to outpace demand

The global shipping industry faces mixed fortunes over the next few years as a record number of deliveries of dry bulk ships outpace the growth in iron ore and coal demand, according to an analysts' report.

24 Sep 2010 - 12:00am

Proactive budgets 6b yuan to acquire 250 rail wagons

Rising demand for fuel spurs move to lift cargo capacity

Proactive Technology Holdings, a mobile-technology provider soon to be renamed China Railway Logistics, is poised to spend about six billion yuan on new mainland cargo wagons as it seeks to capture rising demand for transporting fuel and metals in the country.

21 Jun 2007 - 12:00am

Ticket to ride the MOR freight train

Until recently, the Ministry of Railways (MOR) had almost no dedicated logistics services. This high-margin niche in the market was dominated by private companies paying to get goods or parcels on trains, while the MOR focused on low-margin cargo transport.

12 Apr 2007 - 12:00am

China ends shipping levy stranglehold

Powerful ministry says lines must dump cartel-like system as handling fees are ruled part of freight rate

China's powerful Ministry of Communications has taken the unprecedented step of fingering international shipping lines for anti-competitive behaviour, saying their cartel-like application of terminal handling charges at mainland ports must change.

22 Apr 2006 - 12:00am

Exporters face steep rises in shipping charges to Europe

Executives from the world's leading shipping lines have scheduled huge increases in freight rates for next year, signalling their confidence the wave of manufactured goods from the mainland will last at least 12 more months.

23 Sep 2003 - 12:00am

Recovering costs?

I refer to the Below Deck column headlined 'Defence of terminal handling charges exposed by smoking gun' (September 9).

22 Sep 2003 - 12:00am


London: South China's spectacular economic growth - centred on the region's largest and most prosperous city, Guangzhou - has prompted leading freight and logistics group U-Freight to open a new facility in the city. 'U-Freight [Guangzhou] Limited will deal with the increasing international trade from the region's capital.

13 Dec 2002 - 12:00am