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Traffic at the Port of Barcelona grew 9% in the first quarter, with increases in all segments

AJOT | April 24, 2014 | Ports & Terminals

The Port closed the first quarter with 10.7 million tons of goods transported, representing a 9% increase in total traffic. This result was helped by growth in all types of cargo handled at Barcelona's port terminals. Read More »

Fredriksen to take control of dry bulk firm Knightsbridge

Reuters | April 24, 2014 | Breakbulk & Projects

Norwegian shipping tycoon John Fredriksen agreed to take over rival Knightsbridge Tankers, creating a major operator of dry bulk carriers with 39 vessels as the sector gears up for an expected recovery. Read More »

Mitsui pays China to release seized ship

Reuters | April 24, 2014 | Liner Shipping

Japan's Mitsui O.S.K. Lines Ltd paid about $29 million for the release of a ship seized by China over a dispute that dates back to the 1930s war between the countries, China's Supreme Court said. Read More »

All at sea: global shipping fleet exposed to hacking threat

Reuters | April 24, 2014 | Liner Shipping

The next hacker playground: the open seas - and the oil tankers and container vessels that ship 90 percent of the goods moved around the planet. Read More »

WWL adds Novorossiysk, Russia to Asia – Europe service

AJOT | April 24, 2014 | Liner Shipping

Wallenius Wilhelmsen Logistics (WWL), the global RoRo shipping and factory-to-dealer logistics specialist has added Novorossiysk as an additional entry port into Russia. Read More »

Buffett: moving oil by rail safely major industry concern

Reuters | April 24, 2014 | Intermodal

Warren Buffett, chairman of conglomerate Berkshire Hathaway, said that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil safely. Read More »

63,000 US bridges need structural repair, new analysis finds

AJOT | April 24, 2014 | Intermodal

Data from a new government report show that if all the structurally deficient bridges in the United States were placed end-to-end, it would take you 25 hours driving 60 miles per hour to cross them.  That’s like driving the 1,500 miles between Boston and Miami.  And it’s a problem that’s close to home. Read More »

Con-way Freight announces grand opening of new service center

AJOT | April 24, 2014 | Intermodal

Con-way Freight, a less-than-truckload (LTL) trucking company and subsidiary of Con-way Inc., announced the grand opening of its new Central Texas service center in Robinson. The facility will serve as the local hub from which the company will provide daily freight services for commercial and industrial businesses in the greater metropolitan regions of Waco, Robinson and other Central Texas communities. Read More »

Virgin Atlantic Cargo exceeds expectations with £225.3 million revenues in 2013

AJOT | April 24, 2014 | Air Cargo

Virgin Atlantic Cargo reported a healthy turnover of £225.3m for 2013, exceeding expectations in a challenging global market. Read More »

TIACA launches professional development program

AJOT | April 24, 2014 | Air Cargo

A practical series of professional development workshops will be launched this summer in the Netherlands, TIACA board members announced at the Association’s Executive Summit and Annual General Meeting. Read More »

CSX Safety Train Delivers Enhanced Outreach To First Responders And Communities

PR Newswire | April 24, 2014 | Intermodal

JACKSONVILLE, Fla., April 24, 2014 /PRNewswire/ -- CSX's Safety Train: Energy Preparedness Program, with rolling classrooms and specialized hands-on training, will soon take to the rails on an expanded first responder training initiative. The train will travel over much of the company's crude oil service territory over the next several months.

Read More »

Dubai’s DP World in talks with banks for $3 bln loan

Reuters | April 24, 2014 | Ports & Terminals

Dubai-owned port operator DP World is in talks with lenders to triple the size of an existing $1 billion loan, as well as extend the lifespan and reduce the interest rate, banking sources told Reuters on Thursday. Read More »

Landstar System Reports Record First Quarter Revenue Of $688 Million And Record First Quarter Dilute

PR Newswire | April 24, 2014 | Intermodal

JACKSONVILLE, Fla., April 24, 2014 /PRNewswire/ -- Landstar System, Inc. (NASDAQ: LSTR) reported record first quarter net income of $27.6 million, or $0.61 per diluted share, on record first quarter revenue of $688 million in the 2014 first quarter. Landstar reported net income from continuing operations of $25.8 million, or $0.55 per diluted share, on revenue from continuing operations of $623 million in the 2013 first quarter. Gross profit (defined as revenue less the cost of purchased transportation and commissions to agents) was $105 million in the 2014 first quarter compared to $96 million in gross profit from continuing operations in the 2013 first quarter. Operating margin, representing operating income divided by gross profit, was 42.7 percent in the 2014 first quarter.

Read More »

Titan International Expands Its Board of Directors With the Appointment of New Director

PR Newswire | April 24, 2014 | Intermodal

Titan International, Inc. Board of Directors is honored to announce that Dr. Mark Rachesky has agreed to join Titan’s Board of Directors effective June 1, 2014. Mark H. Rachesky is the Founder and President of MHR Fund Management LLC, a New York based investment firm that takes a private equity approach to investing. Read More »

Shipper Fredriksen to take control of dry bulk firm Knightsbridge

Reuters | April 24, 2014 | Breakbulk & Projects

Shipping tycoon John Fredriksen is joining one of its shipping firms with rival Knighsbridge Tankers Ltd to create the largest U.S. listed Capesize firm, which will compete with Fredriksen’s own dry bulk company Golden Ocean. Read More »

Konecranes Q1 profit disappoints

Reuters | April 24, 2014 | Ports & Terminals

Finnish crane maker Konecranes on Thursday reported a bigger-than-expected fall in first-quarter profit, while new orders booked in the quarter also fell short of forecasts. Read More »

Japan’s Mitsui pays China to release seized ship

Reuters | April 24, 2014 | Liner Shipping

The Chinese government has described the case as a simple business dispute unrelated to wartime compensation claims, but it has become a cause célèbre for activists in China seeking redress from Japan. Read More »

All at sea: global shipping fleet exposed to hacking threat

Reuters | April 23, 2014 | Liner Shipping

The next hacker playground: the open seas - and the oil tankers and container vessels that ship 90 percent of the goods moved around the planet. Read More »

Teamsters, Other Unions Pledge Support to Regional Pilots

PR Newswire | April 23, 2014 | Air Cargo

The head of one of the largest Teamster pilot unions joined other union leaders across the industry in spearheading an agreement to set new standards for regional pilot contracts and to stand together during negotiations. Read More »

US trade representative presses Japan to take ‘elevated view’ in trade talks

Reuters | April 23, 2014 | International Trade

The United States put last-minute pressure on Japan to compromise in trade talks on Wednesday, shortly before President Barack Obama was to arrive for a state visit. Read More »

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