”freight rates” News

Ships idle in Philippine port as global trade slows

SUBIC BAY, Philippines (Reuters) – It's 11 a.m. on a weekday but huge, bulky cargo ships scattered in this Philippine port are quiet and nearly deserted, save for a handful of workers repainting chipped handrails on some
03 9 2009 12:06PM (...more)

India keeps rail freight, passenger fares unchanged

NEW DELHI (Reuters Life!) – India will keep its rail freight and passenger rates unchanged for the current financial year that began in April, railways minister Mamata Banerjee
07 4 2009 9:03PM (...more)

Moller-Maersk nine-month profit up 39 pct.

COPENHAGEN, Denmark – Danish container-shipping company A.P. Moller-Maersk A/S said Wednesday that net profit for the first nine months of 2008 jumped 39 percent, citing higher revenues boosted mainly by its 12 5 2008 8:31PM (...more)

Indian Railways not to hike freight rates - minister

NEW DELHI (Reuters) - State-run monopoly Indian Railways will not raise passenger and freight rates despite a steep increase in government-set fuel prices, Railway Minister Lalu Prasad Yadav said on Thursday.
06 6 2008 4:42AM (...more)

DHT Maritime 3Q profit drops 91 pct

NEW YORK – Tanker operator DHT Maritime Inc. on Tuesday said depressed charter rates, weak demand and a one-time financial hedging loss drove down its third-quarter profit by 91 percent. Third-quarter results, along with news
11 26 2009 12:58PM (...more)

Independent truckers see end of the road

Trucker Robert Griffith is on the road three weeks out of four, pulling oversize loads like crane booms, railroad ties and air conditioning ducts. One of his biggest worries: How he'll find the money to buy his daughter a prom dress.
03 6 2008 12:53PM (...more)

Govt seen cutting rail fares as prices, polls weigh

NEW DELHI (Reuters) - The government is likely to reduce some passenger fares and freight rates when it unveils annual plans for its huge rail network on Tuesday, moves which could ease rising inflation and help it at elections.
02 28 2008 5:16AM (...more)

India cuts rail fares with eye on polls, inflation

NEW DELHI (Reuters) - The government on Tuesday cut rail passenger fares and freight rates and unveiled a major push to modernise its huge network as it tries to woo voters ahead of a general election and bolster a fast-growing economy.
02 28 2008 5:13AM (...more)

SKorea shipping firm wins lucrative Brazil deal

SEOUL (AFP) – South Korea's leading shipper of bulk cargo said Tuesday it has clinched a 5.84 billion dollar deal with Brazil's Vale to transport 09 23 2009 9:38AM (...more)

Economy - Wednesday

U.S. economic growth increases A measure of future U.S. economic growth rose to 128.8 in the week ended Nov. 20 from 127.2 the prior week, the Economic Cycle Research Institute said. The group's annualized growth
11 27 2009 5:55PM (...more)