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EIB provides EUR 900m for Maasvlakte 2 in Rotterdam

AJOT | February 03, 2008 | Breakbulk & Projects

President Maystadt of the European Investment Bank (EIB) and Mr. Smits, chief executive officer of the Havenbedrijf Rotterdam N.V. (HbR) signed a first financing contract of EUR 100 million for the Maasvlakte 2 project of the Port of Rotterdam Authority ( Read More »

Port of Virginia responsible for 340,000 Jobs, $41 Billion

AJOT | February 03, 2008 | Breakbulk & Projects

The Port of Virginia's three general cargo marine terminals in fiscal 2006 accounted for more than 340,000 jobs across the Commonwealth and in excess of $41 billion in total revenues, says an economic impact study that was recently completed by the Mason Read More »

Construction to begin on I-81 rail corridor improvements

AJOT | February 03, 2008 | Intermodal

The Virginia Department of Rail and Public Transportation (DRPT) announced the execution of an agreement for I-81 rail corridor improvements to benefit rail operations in Virginia. The $57 million contract signed with Norfolk Southern in January is a maj Read More »

Teamsters respond to court ruling on Hours-of-Service

AJOT | February 03, 2008 | Intermodal

Teamsters General President Jim Hoffa said he is disappointed that the court declined to end a dangerous rule that lets truckers drive longer hours. Read More »

Norfolk Southern reports strong Q4, 2007 results

AJOT | February 03, 2008 | Intermodal

Norfolk Southern Corporation reported record fourth-quarter 2007 net income of $399 million, an increase of four percent, compared with $385 million for fourth-quarter 2006. Diluted earnings per share were $1.02, up seven percent, compared with the $0.95 Read More »

Trade powers eye new WTO push

AJOT | February 03, 2008 | International Trade

Rich and poor countries aim to meet around Easter to try to seal a long- elusive global trade deal before President George W. Bush leaves office, ministers said. Read More »

North Asian power firms wince at China coal export ban

AJOT | February 03, 2008 | International Trade

Japanese and South Korean utilities scrambled to get details on China's move to ban coal exports for the next two months, but said they had been bracing for more bad news following a year of uncertain shipments. Read More »

China urges Doha trade deal

AJOT | February 03, 2008 | International Trade

China called for a successful conclusion this year of the Doha global trade talks to shield the broader world economy from the difficulties faced by many countries. Read More »

EU requests WTO talks on Thai customs practices

AJOT | February 03, 2008 | International Trade

The European Commission has requested consultations at the World Trade Organization over Thailand's customs practices which it complains are damaging EU industry, notably wine and spirits exporters, it said. Read More »

Freight Feeder Aircraft to accommodate larger containers

AJOT | February 03, 2008 | Air Cargo

Freight Feeder Aircraft Corporation announced it made the decision to upgrade the design of its Freight Feeder aircraft by slightly widening the cargo-bay to accommodate six of the larger 96in x 125in "main deck" standard industry containers and pallets, Read More »

Cargo B Airlines’ Second 747F starts operations

AJOT | February 03, 2008 | Air Cargo

Following the certification and government approval on January 18th, the second aircraft from Cargo B will start flights from Brussels to Sao Paulo, Brazil and Latacunga in Ecuador on January 29th. A second weekly flight will start in early February. Thi Read More »

Pacific shipping lines gain ground on fuel costs

AJOT | February 03, 2008 | Liner Shipping

Container shipping lines operating in the critical import trade lane from Asia to the US are reporting progress in their customer negotiations to more equitably share rising fuel costs. At the same time, the lines are operating at highly utilized levels, Read More »

Maruba Lines commences PACAR service

AJOT | February 03, 2008 | Liner Shipping

Maruba Lines announced the commencement of its new PACAR service that offers a weekly service from Manzanillo (Mexico) to Puerto Quetzal, Caldera, Cartagena, Rio Haina, Puerto Cabello and La Guaira. The string then returns from La Guaira to Cartagena, Cal Read More »

Richard A. Simpson, transportation industry leader, passes

AJOT | February 03, 2008 | Liner Shipping

Richard A. Simpson, who made his mark in virtually every phase of international cargo transportation especially his 23 years at Crowley Maritime Corporation, died Sunday following a long illness in Jacksonville, FL, where he had been on business. Read More »

EDS contracted to improve container movement through the Port of Melbourne

AJOT | January 31, 2008 | Breakbulk & Projects

EDS was awarded a 12-month contract with the Victorian Department of Infrastructure to run a pilot program to trial new technology designed to dramatically increase cargo movement for the Port of Melbourne by integrating information from thousands of user Read More »

MSG urges congressional support in Philadelphia’s strategic seaport as DOD hub

AJOT | January 31, 2008 | Breakbulk & Projects

The Maritime Stakeholders Group (MSG), a united entity representing more than 300 maritime-related organizations in the port communities of Pennsylvania, New Jersey and Delaware, praised Pennsylvania Governor Edward Rendell for his efforts to expand the r Read More »

Port of Richmond shows positive trend

AJOT | January 31, 2008 | Breakbulk & Projects

The Port of Richmond Commission announced at their January board meeting that 2007 calendar year tonnage numbers had continued to show a positive trend ' the Port of Richmond (Port) had a 4% increase in total tonnage; an 11% increase in waterborne tonnag Read More »

Famous Pacific Shipping building Brisbane presence

AJOT | January 31, 2008 | Transport Intermediaries

Moving into a new one-stop-shop for importers and exporters using the Port of Brisbane has enabled one of Famous Pacific Shipping's associates in Australia to build on the portfolio of services offered to shippers. Read More »

$11mln to assist Baltimore in upgrading Broening Highway

AJOT | January 31, 2008 | Intermodal

Maryland's Governor Martin O'Malley announced $11 million to assist Baltimore City in upgrading Broening Highway, the road that serves as the gateway to the Port of Baltimore. This economic development project will improve access to the Port of Baltimore Read More »

ABF Freight System, Inc., Teamsters tentative contract

AJOT | January 31, 2008 | Intermodal

ABF Freight System, Inc.', the largest subsidiary of Arkansas Best Corporation, announced that it has reached a tentative collective bargaining agreement with the International Brotherhood of Teamsters (IBT) for a new five-year labor agreement. Under the Read More »

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