LOGISTICS

Truckinginfo: Spot Freight Rates for Vans, Reefers Rise Sharply
Spot truckload rates hit multi-year highs during the week ending Oct. 7, according to DAT Solutions and its network of load boards, as the number of available loads fell. Read more.

Economist: America's Oldest Transport Network Needs Some Attention
Lock and Dam 52 and 53 are the busiest spots on the inland river-system, a bottleneck through which 135m tonnes of grain, coal, steel, iron, cement and other cargo move every year. Read more.

Hellenic Shipping News: Dry Bulk Carriers Dominating Demand
While much has been said about the oversupply which plagued the dry bulk market for years, ship owners have once again jumped on the bandwagon of purchases, as freight rates have improved sentiment. Read more.

 

COMMODITIES

Times of India: CIF/FOB Gulf Grain-Soybean Barge Bids Ease On Rising Supplies
Basis bids for soybeans shipped by barge to the U.S. Gulf Coast were mostly lower on Wednesday as an accelerating harvest is bolstering supplies available to exporters, traders said. Read more.

Bloomberg: World's Biggest Oil Traders See Wildly Diverging Crude Price
The world’s biggest oil traders say crude could rise above $60 a barrel in a year as demand grows and OPEC keeps cutting. Read more.

New York Times: China Steel Output Slips From Record as Smog War Bites; Further Drop Seen
China's steel output dropped in September from a record high the previous month as mills in the world's top producer cut production in line with Beijing's campaign for clearer skies, pointing to further drops as winter curbs set in. Read more.

Bloomberg: Steel Boom in China Stutters as Xi Parades Green Credentials
Steel output in China sank from a record, sliding to the lowest level in at least six months, as the anti-pollution drive touted in President Xi Jinping’s landmark policy address this week began to make its mark. Read more.

New York Times: U.S. Demands Regional Steel, Aluminium in NAFTA Auto Rules-Sources
The Trump administration is demanding the use of North American-made steel, aluminium, copper and plastic resins in cars and trucks sold under North American Free Trade Agreement rules, as it seeks to give U.S. industry a boost. Read more.

North Country Now: Iron Ore Shipments Top 2016's Overall Rate by 3 Million Metric Tons on St. Lawrence Seaway
More than 1.2 million metric tons of iron ore passed through the St. Lawrence Seaway in September, providing a boost to overall shipping tonnage for the Seaway system, according to the Chamber of Marine Commerce. Read more.

COMMODITY NEWS

The Wall Street Journal: Lessons From the Sorry History of Steel Protectionism
So far the Trump administration’s process for evaluating how to help the U.S. steel industry has been remarkably responsible. On the campaign trail, Donald Trump promised a smorgasbord of protectionist measures. Read More.

Fast Markets: Pricing Notice: Metal Bulletin will Launch New Arbitrage Tool for Aluminum from LME-Listed Warehouses in Asia into US Midwest
Metal Bulletin will introduce in December a new arbitrage calculator tool for the shipment of aluminium from London Metal Exchange-bonded warehouses in Asia to the US Midwest. The tool aims to provide a monthly indication of the differential between the all-in cost to deliver aluminium purchased via LME clearing from registered warehouses in Asia against the current US Midwest premium and LME cash cost of the metal. Read More. 

Oil and Gas Investor: U.S. Crude Exports Spike to a Record
U.S. exports of crude oil have leapt to a new high of nearly two million barrels per day (MMbbl/d), a landmark figure for a country that banned most exports just two years ago. Read More.

Bloomberg: Zinc Prices Have Rallied So Much Even Miners Are Complaining 
Zinc’s dramatic surge to the highest in a decade might boost profits in the short term but isn’t all good news for producers, according to Vedanta Resources Plc. Buyers are struggling to make money at current levels after prices more than doubled since the start of 2016, Deshnee Naidoo, the chief executive officer of the company’s Vedanta Zinc International unit, said in an interview. Read More.

Reuters: Kobe Steel Crisis Deepens as More Data Tampering Revealed; Shares Tumble
Japan's Kobe Steel Ltd (5406.T) plunged deeper into crisis on Wednesday as fresh revelations showed data fabrication at the steelmaker was more widespread than initially thought, heightening a safety scare along the global supply chain. Read More.

 

FREIGHT & LOGISTICS NEWS

The Wall Street Journal: CSX, Shippers Clash Over Service Problems
CSX Corp. Chief Executive Hunter Harrison says his railway has never run more smoothly. Some of his largest customers disagree. Read More.

American Shipper: Port of Houston Could Lower Tariff Charges Due to Hurricane Harvey
A meeting of the Port Commission of the Port of Houston Authority on Wednesday revealed that Executive Director Roger Guenther has the authority to lower tariff charges, according to the Houston ChronicleRead More.

Bloomberg: Seafarers Fret Over New Assault on Jones Act in Wake of Storms
"The Jones Act is pretty much the only reason I have a job," said Brett Cowan, a mariner from California attending training at the International Order of Masters, Mates & Pilots who has been working on boats since he was 13. Changing the act, he said, "would put a lot of us out of work." Read More.

Hellenic Shipping News: Dry Bulk Rates' Rebound Triggers Strong Demand for Older Bulker Tonnage
It seems that the recent rebound of dry bulk freight rates, which has come as a result of improving fundamentals (i.e. lower tonnage growth and improving demand), is already having a significant effect on the secondhand ships’ market. Read More.

COMMODITY NEWS

Reuters: METALS-Nickel, Zinc Lead Metals Up Amid China Supply Concerns
Nickel and zinc led most base metals higher on Wednesday, building on overnight gains amid mounting supply concerns in China. Commodity traders said the market was still digesting the impact on China’s future imports of its environmental crackdown on ageing metals and mining operations. Read more.

Agrimoney: Ag Commodities 'Seem to be in Early Days of a Bull Market'
Farm commodities appear to be "in the early deals of a bull market", according to the operator of the Bcom index, proving particularly upbeat over prospects for corn, soybean and wheat prices. Bloomberg Intelligence acknowledged that the depression in the Bcom agriculture index, as measured on a spot basis, was reaching "historic extremes" in terms of its weak performance. Read more.

The Motley Fool: Why Alcoa Corp Stock Didn't Plummet When Aluminum Prices Tanked in September
Aluminum producer Alcoa Corp's (NYSE:AA) stock ended September up around 6%. That may not sound like much until you consider that competitor Century Aluminum Company (NASDAQ:CENX) fell 15% in the month. Some of Century's drop was just giving back a part of the huge gains it saw in August, but there's more to understand here. Read more.

MetalMiner: China’s Aluminum Curtailments Called in Doubt
A Reuters report last week suggests relief in sight for Western manufacturers of aluminum semi-finished products under pressure from growing Chinese exports. Headlining how China’s semi-finished aluminum exports fell for a third straight month in August, the article cites punitive duties imposed by the United States and India on Chinese aluminum foil as a reason for the decline. Read more.

Nikkei Asian Review: Asian Iron Ore Prices Slide 20% from August Peak
Asian prices for iron ore and coking coal have plunged as an anticipated slowdown in Chinese steel production weakens demand, a trend that could provide wider margins for Japanese steelmakers enjoying brisk business for automotive applications. Read more.

FREIGHT & LOGISTICS NEWS

Hellenic Shipping News: Dry Bulk Newbuilding Orders Pick up on Improving Market Sentiment
Shipbrokers are reporting multiple newbuilding ordering activity over the course of the past week, mainly as a result of improving market sentiment in the dry bulk segment. In its latest weekly report, shipbroker Allied Shipbroking said that “after a period of poor activity, an interesting week was due for the new building sector, with many new contracts being reported. Read more.

Mashable: Driverless, Unmanned Freight Trains are One Step Closer to Reality with Pilot Run
One of Rio Tinto's trains has completed a near 100 kilometre pilot run without a driver on board, making it the first ever fully autonomous heavy haul train journey ever in Australia, according to a company statement. The trip was supervised in real-time by Rio Tinto teams and rail safety authorities. Read more.

Kitco: Baltic Index Falls as China Holiday Hits Vessel Activity
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell 1.5 percent on Tuesday, hurt by limited vessel activity due to an ongoing holiday in major consumer China. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 20 points, or 1.51 percent, at 1,308 points. Read more.

Platts: Ohio River Coal, Barge Traffic Delayed After Lock Closure
The Ohio River remained clogged with coal and other commodity barge traffic Monday after an equipment failure closed Locks and Dam 53 near Brookport, Illinois. A hydraulic malfunction on a lock gate closed the facility, bringing traffic to a halt midday Sunday, said Carol Labashosky, the US Army Corps of Engineers' Louisville District public affairs officer. Read more.

Hellenic Shipping News: Dry Bulk: Indian Coal Imports Roars Back in September
A month ago, we highlighted the fundamentals impacting Indian coal imports looked more promising. At that time trade flow data indicated imports in August of about 15Mt. Read more.

Platts: Dry Bulk: Shifting Fundamentals in US Gulf Coast Depress Supramax Freight
Supramax freight rates in the US Gulf Coast ticked lower this week, as easing tonnage in the region against reduced prompt requirements allowed charterers to pile pressure on shipowners and operators. Read more.