Port of Hamburg leaves the worldwide financial and economic crisis of 2010 in its


AJOT | February 13, 2011 | Ports & Terminals

In 2010 the Port of Hamburg returned to its growth course with total throughput of 121 million tons. Alongside the gratifying progress of the German economy, the markets in the Baltic region and in Eastern Europe that are so important for the Port of Hamb Read More »

Port of Portland records third best tonnage year in 2010

AJOT | February 13, 2011 | Ports & Terminals

According to recently released year-end results, 2010 was the third best tonnage year for marine cargo in the Port’s history – totaling over 13.1 million tons.

The Port closed a number of key transactions last year and reported positive gains in every Read More »

Timchenko to buy Murmansk port for $250 mlllion

AJOT | February 13, 2011 | Ports & Terminals

Russian trader Gennady Timchenko has agreed to buy Murmansk Commercial Sea Port for $250 million, extending his interests in Russian energy exports, industry sources told Reuters.

"The deal is expected to be closed in the first quarter," one of the so Read More »

ATA seeks truckstop support for driver grassroots campaign

AJOT | February 13, 2011 | Intermodal

As part of its effort to contest the Federal Motor Carrier Safety Administration's (FMCSA) Dec. 23 proposal to change the hours-of-service (HOS) requirements for commercial truck drivers, the American Trucking Associations (ATA) is seeking help from truck Read More »

BNSF Railway plans $3.5 billion capital spending in 2011

AJOT | February 13, 2011 | Intermodal

BNSF Railway Co , a Berkshire Hathaway company, plans to spend $3.5 billion this year mainly on its core network and assets.

The company said it plans to spend $2 billion of the total on the railway's core network and related assets, $450 million to b Read More »

Bosnia industries hit by a new rail strike

AJOT | February 13, 2011 | Intermodal

Partial suspension of rail cargo traffic in Bosnia's Serb region has hit key industries across Bosnia, disrupting vital supplies of raw materials for the second time in two months.

Cargo traffic in the Serb Republic has been cut by 70 percent since Mo Read More »

Canadian Pacific, union reach tentative labor deal

AJOT | February 13, 2011 | Intermodal

Canadian Pacific Railway Ltd and a union representing 2,100 staff said they have reached a tentative labor deal, averting a strike at the country's second-biggest rail carrier.

The company and the Canadian Auto Workers (CAW), which represents mechanic Read More »

CN targets C$1.7 billion in 2011 capital investments

AJOT | February 13, 2011 | Intermodal

CN announced plans to invest C$1.7 billion in 2011 to maintain a safe and fluid railway network, to grow the business efficiently and to continue to provide customers with a high level of service.

Claude Mongeau, president and chief executive officer, Read More »

Colombia truckers strike has mixed effects on prices

AJOT | February 13, 2011 | Intermodal

Colombia's truckers strike is producing mixed effects on food prices, a key ingredient of inflation, as some independent truckers fear reprisals if they don't participate in the walkout.

Around 100,000 of the 120,000 members of a truckers association Read More »

Genesee & Wyoming Q4 rises on strong freight revenue

AJOT | February 13, 2011 | Intermodal

Genesee & Wyoming Inc , which owns and operates short-line and regional railroads, reported higher quarterly profit, helped by a rise in freight revenue.

Genesee & Wyoming said it expects its Australian business to benefit in 2011 on additional shipme Read More »

Overall intermodal volume ends 2010 up 14.7% year-over-year

AJOT | February 13, 2011 | Intermodal

International volume surged 16.9% in Q4 2010, helping to push overall intermodal volume up 14.7% for the year, according to a report released today by the Intermodal Association of North America (IANA). IANA's Intermodal Market Trends & Statistics Report Read More »

India’s railways puff slowly to private sector reform

AJOT | February 13, 2011 | Intermodal

Tentative reforms and some eye-catching projects could herald a private sector-driven shake-up of India's creaking railways, but deeper change is needed to tackle the supply bottlenecks that still crimp growth.

Once seen as a shining legacy of the Bri Read More »

Norfolk Southern to provide rail-switching services for Port of Indiana

AJOT | February 13, 2011 | Intermodal

For the first time since the Port of Indiana-Burns Harbor opened in 1970, the Lake Michigan port will have an onsite, dedicated rail-switching service. Norfolk Southern has been selected to begin providing switching services for customers of Indiana's old Read More »

Several US oil terminals plan to move crude by rail

AJOT | February 13, 2011 | Intermodal

Up to a dozen railroad terminals to load, unload and store oil are sprouting up around the United States as oil shippers turn to railroads to deliver barrels into markets where crude is priced higher.

Growing Canadian and North Dakota oil supplies are Read More »

Southeastern Freight Lines opens new service center in Charlotte, NC

AJOT | February 13, 2011 | Intermodal

Southeastern Freight Lines, a leader in regional less-than-truckload (LTL) transportation services, announces the opening of a second service center in Charlotte, N.C. in response to growing business in the region.

The new facility, located on a 30-ac Read More »

Vitran posts wider Q4 loss

AJOT | February 13, 2011 | Intermodal

North American transportation company Vitran Corp posted a wider fourth-quarter loss, hurt by higher-than-expected insurance-related expenses and increased operating costs.

Vitran, which has operations across Canada and the United States, posted a los Read More »

YRC provides new service options with mobile tools

AJOT | February 13, 2011 | Intermodal

YRC, the largest subsidiary of YRC Worldwide Inc., announced new mobile tools that allow YRC customers to track shipments, read the latest YRC news and access customer service. YRC is providing free iPhone and Android apps, along with a mobile website for Read More »

YRC reports improved 4th quarter

AJOT | February 13, 2011 | Intermodal

YRC Worldwide, the top U.S. trucker, said it saw improved operating results in the fourth quarter and reported more revenue than expected, as officials said the company was seeing volume growth and increased stability.

A year after it narrowly averted Read More »

BMW sees record sales on China boom

AJOT | February 13, 2011 | International Trade

BMW AG expects double-digit growth in China to help fuel record sales this year, the German automaker's chief financial officer said.

The world's largest luxury car maker also sees a recovery in the U.S. market, where it is prepared to invest more mon Read More »

Brazil beef exports to rise 25% in 2011

AJOT | February 13, 2011 | International Trade

Higher prices for beef and a recovery in the size of Brazil's herd should push up unprocessed exports in 2011 by 25 percent to 2 million tonnes, the national farming confederation, CNA, said.

Antenor Nogueira, president of a CNA forum for beef, said B Read More »