Can big ships make big money? - by George Lauriat

The race is on for shipowners to build a new generation of 20,000 TEU container ships. These ultra large containerships stagger the imagination in their sheer scale and massive carrying capacity. But ultimately the big question is whether big ships will equal big profits.

Teamsters Picket Four Harbor Trucking Companies At LA/LB

Stas Margaronis | April 29, 2015 | Ports & Terminals

The Teamsters Union began picketing four trucking companies at the Ports of Los Angeles and Long Beach and may have discouraged terminals from allowing the companies to make pickups and deliveries. Read More »

VOLGA-DNEPR delivers engineering and logistics solution to move wellhead control panel and hydraulic

AJOT | May 01, 2015 | Air Cargo

A wellhead control panel and hydraulic power unit with a combined weight of 17 tonnes has been delivered by Volga-Dnepr Airlines to Singapore in conjunction with leading Oil & Gas project logistics forwarder, Pentagon Freight Services. Read More »

CEVA makes major investment in Australia and New Zealand

AJOT | May 01, 2015 | Transport Intermediaries

CEVA Logistics, one of the world’s leading supply chain companies, has today announced construction of a new 166,000 sq m ‘super site’ at Truganina, west of Melbourne, which will be the centerpiece of CEVA’s growth plans in Australia and New Zealand. Read More »

American Airlines Cargo expands seasonal cargo service to and from the UK & Ireland

AJOT | May 01, 2015 | Air Cargo

American Airlines Cargo has introduced three new UK and Ireland service points to its summer schedule for 2015. Edinburgh, Glasgow and Shannon will all see the introduction of flights from the USA starting in May. Read More »

Cyclone threat closes Australian port used by Chevron for LNG exports

Reuters | May 01, 2015 | Energy | Maritime | Ports & Terminals | Ports | Wet Bulk Port

An Australian port used by Chevron for liquefied natural gas exports has been forced to close by a cyclone off the country’s west coast. Read More »

Los Angeles ports police chief indicted on corruption charges

Reuters | April 30, 2015 | Ports & Terminals | Ports | Container Port

The chief of police for the port of Los Angeles was indicted on federal corruption charges involving a program to help citizens report criminal activity at the port, the U.S. Department of Justice said in a statement on Thursday. Read More »

U.S. crude rail rules to include disputed brake mandate

Reuters | April 30, 2015 | Intermodal | Rail

An oil train safety plan for the United States and Canada to be announced on Friday will include an unexpected mandate on the rail industry to adopt an advanced braking system, industry sources familiar with the rules said. Read More »

U.S. Navy starts to accompany U.S. ships passing through Strait of Hormuz

Reuters | April 30, 2015 | Liner Shipping

U.S. Navy ships started accompanying U.S.-flagged commercial vessels passing through the Strait of Hormuz on Thursday, seeking to ensure freedom of navigation two days after Iran seized a cargo ship, U.S. defense officials said. Read More »

Monthly labor meeting will halt Port of Oakland day shift

AJOT | April 30, 2015 | Ports & Terminals

A rescheduled monthly labor meeting will suspend dayside operations at the Port of Oakland tomorrow, May 1. The Port said there’ll be no vessel, yard or gate operations during Friday’s first shift. Vessel loading and unloading are scheduled to resume with the second shift at 7:00 PM, the Port added. Read More »

Port of Longview steps into international leadership role

AJOT | April 30, 2015 | Ports & Terminals

In March, Port of Longview Chief Executive Officer Geir-Eilif Kalhagen was elected as Vice President of the America’s region of the International Association of Ports and Harbors. Read More »

foodcareplus announces fully integrated, Canada to Europe reefer consolidation service

AJOT | April 30, 2015 | Transport Intermediaries

foodcareplus has announced a fully integrated reefer consolidation service (less than container load service) for seafood products leaving Canada for Europe. Read More »

Roadrunner Transportation Systems names Goodgion President of Transportation Management Solutions

AJOT | April 30, 2015 | Intermodal | Road

Roadrunner Transportation Systems, Inc. has announced the hiring of William Goodgion as president of the company’s Transportation Management Solutions (TMS) segment. Goodgion will be responsible for overseeing the entire TMS segment, which is comprised of leading Roadrunner companies including Group Transportation Services, Marisol International, and Unitrans International. Read More »

Old Dominion Freight Line announces first-quarter earnings

AJOT | April 30, 2015 | Intermodal | Road

Old Dominion Freight Line, Inc. announced financial results for the three-month period ended March 31, 2015. Revenue was $696.2 million, a 12.2% increase from $620.3 million for the first quarter of 2014. Net income grew 36.3% to $62.5 million from $45.9 million for the first quarter of 2014. Earnings per diluted share increased 37.7% to $0.73 for the first quarter of 2015 from $0.53 for the comparable prior-year quarter. Old Dominion's operating ratio improved 200 basis points to 85.1% from 87.1% for the first quarter of 2014. Read More »

Con-way reports 2015 first-quarter results

AJOT | April 30, 2015 | Intermodal | Road

Con-way Inc. has announced first-quarter 2015 net income of $21.8 million, or 37 cents per diluted share. In the first quarter of 2014, Con-way reported net income of $12.9 million, or 22 cents per diluted share. Read More »

Extra Logistics implements and launches next generation software - Cargowise One

AJOT | April 30, 2015 | Transport Intermediaries

Extra Logistics, LLC has implemented the next-generation software technology by partnering with Wise Tech Global and launching Cargowise One. Read More »

Lufthansa Cargo is the “Best European Cargo Airline”

AJOT | April 30, 2015 | Air Cargo

Lufthansa Cargo was once again right out in front when it came to the "Cargo Airline of the Year Awards": the Frankfurt-based air freight company came top in the "Best European Cargo Airline" category. Read More »

IAG Cargo Q1 2015 financial results

AJOT | April 30, 2015 | Air Cargo

IAG Cargo has announced its Q1 results from January 1 to March 31, 2015, reporting commercial revenue[1] of €246m versus €250m for the same period last year. This was achieved on a capacity reduction of 8 per cent. Read More »

Weak coal, strong dollar undermine Norfolk Southern profit

Reuters | April 30, 2015 | Intermodal | Rail

U.S. railroad Norfolk Southern Corp reported a lower net profit, sparked by a drop in coal volumes as utilities burned more lower-cost natural gas and U.S. exporters were hurt by the strong dollar. Read More »

China, India, 11 others on US list for intellectual property concerns

Reuters | April 30, 2015 | International Trade

China and India remain on a U.S. priority watch list for lax rules on copyright, trade secrets and other intellectual property rights (IPR) violations in an annual review of trading partners published by the U.S. trade representative. Read More »

US senator bent on keeping currency rules out of fast track

Reuters | April 30, 2015 | International Trade

The chairman of the U.S. Senate committee responsible for trade said he will fight to keep lawmakers from adding tough rules against currency manipulation to legislation meant to ease passage of a Pacific trade pact. Read More »