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Shanghai Port Q1 net up 39.5% on rising trade

AJOT | April 25, 2010 | Ports & Terminals

Shanghai International Port (Group) Co, China's biggest port operator, posted a 39.5 percent surge in first-quarter net profit, helped by an upswing in trade in the world's biggest exporter.

The results marked the second straight quarter of p Read More »

Railinc upgrades RailSight’ CLM Engine, delivers more power to customers

AJOT | April 25, 2010 | Intermodal

Enhanced Freight Car Track and Trace Data Improves Rail Fleet Management

Railinc released a major update to the RailSight' CLM (Car Location Message) engine, which delivers real-time track and trace data for freight rail. RailSight now Read More »

Shorter-haul intermodal not increasing in importance, FTR analysis shows

AJOT | April 25, 2010 | Intermodal

The share of domestic intermodal revenue movements accounted for by moves of 1,000 miles or less has declined in the past year, a recent analysis by FTR Associates shows. Domestic intermodal equipment moving less than 1,000 miles accounted for 42% of tota Read More »

Key figure of U.S. chemical demand climbs

AJOT | April 25, 2010 | Intermodal

Chemical shipments on U.S. railroads rose 8.6 percent last week, the Association of American Railroads said.

Chemicals shipments on trains, called rail car loadings, are a measure of demand for products ranging from plastics to fertilizers. Read More »

US freight companies post higher Q1 results

AJOT | April 25, 2010 | Intermodal

Freight transportation companies including Knight Transportation posted higher first-quarter results on improved volumes, and said the market was on track for a solid recovery.

"The operating environment grew increasingly positive during the Read More »

ATA seeks nominations for Fourth Annual ‘Good stuff’ Trucking Image Award

AJOT | April 25, 2010 | Intermodal

The American Trucking Associations announced that it is seeking nominations for the fourth annual Mike Russell 'Good stuff' Trucking Image Award. The award honors those that creatively generate positive awareness of the trucking industry. Read More »

DB Schenker opens most modern terminal

AJOT | April 25, 2010 | Intermodal

The most modern forwarding terminal in DB Schenker's European land transport network has opened in the Austrian town of Bergheim, near Salzburg. Around EUR 26 million was invested in the terminal, which serves as a hub for flows of goods in Europe, effici Read More »

Russian Railways presses ahead with units sale

AJOT | April 25, 2010 | Intermodal

Russian Railways will sell stakes in 18 units this year and the next as the world's top infrastructure firm presses ahead with the final stage of reforms to spur competition and fund modernization.

The company with the world's longest rail ne Read More »

Union Pacific reports 43 pct earnings jump

AJOT | April 25, 2010 | Intermodal

Union Pacific Corp reported a 43 percent jump in first-quarter earnings as business volumes gained for the first time in two years, and the No. 1 railroad offered an optimistic outlook for a continuing economic recovery.

"What a difference a Read More »

Houser Transport announces joint venture with Furniture Tech’s

AJOT | April 25, 2010 | Intermodal

Houser Transport, Inc., of Vale, N.C., is pleased to announce that it has acquired half of Furniture Tech's, a third-party logistics warehouse and home delivery firm headquartered in Ontario, Calif. Furniture Tech's will become a division of Houser Transp Read More »

Southeastern Freight Lines celebrates 60th Anniversary

AJOT | April 25, 2010 | Intermodal

Founded in 1950 with 14 trucks, 20 employees and a $5,000 loan, Southeastern Freight Lines is celebrating its 60th anniversary as it has grown into one of the industry's most successful trucking companies. Read More »

Rail revamp seen vital to east African trade

AJOT | April 25, 2010 | Intermodal

East Africa's railways carry less cargo than in the 1970s and their revival is crucial to boosting trade as the region deepens economic integration, the head of an African private equity firm said.

Transport prices in east Africa are among th Read More »

Brazil suspends retaliation after US concession

AJOT | April 25, 2010 | International Trade

Brazil delayed for another 60 days trade retaliation against the United States in an attempt to solve a long-standing dispute over U.S. cotton aid, a spokesman for the Foreign Ministry said.

The move comes after the U.S. government met the la Read More »

WTO to probe Philippine liquor duties

AJOT | April 25, 2010 | International Trade

The World Trade Organization is to investigate a U.S. complaint that Philippines duties on distilled spirits discriminate against foreign suppliers of liquor, trade sources.

The United States says that Manila taxes alcoholic products made fro Read More »

China forex bill has high US Senate support

AJOT | April 25, 2010 | International Trade

U.S. legislation aimed at stopping China from "manipulating" its currency by imposing duties on Chinese products would get overwhelming support in the U.S. Senate, co-author Senator Lindsey Graham said.

"We'd get 80 or 90 votes if we could ev Read More »

Banks push G20 to reform trade finance regulation

AJOT | April 25, 2010 | International Trade

Trade finance banks are stepping up pressure on the G20 to ease regulation of the credits that keep global commerce flowing, after a new survey showed credit tightness is still hampering the flow of trade.

The survey, conducted by the Interna Read More »

Thailand’s main exports and markets for March

AJOT | April 25, 2010 | International Trade

Thailand's annual exports rose 40.9 percent in March from a year earlier and the value of $16.25 billion was the highest in 17 months, led by a rebound in electronic goods and autos as trade to major markets expanded.

Growth may be lower in c Read More »

US soya shipments resume but more EU woes feared

AJOT | April 25, 2010 | International Trade

European grain traders say U.S. soya beans and meal imports have returned to normal after the EU approved new varieties of biotech maize.

But traders fear more disruption in future due to a ban on genetically modified strains yet to be approv Read More »

Boeing chief urges quick US action on trade deals

AJOT | April 25, 2010 | International Trade

The United States risks losing significant export sales to the European Union, Canada and other countries unless it approves three long-delayed free trade agreements with South Korea, Panama and Colombia, Boeing Chief Executive James McNerney. Read More »

India to take EU to WTO on generics seizures

AJOT | April 25, 2010 | International Trade

India will launch a formal dispute against the European Union at the World Trade Organization (WTO) over EU seizures of Indian generic drugs, a senior trade ministry source said.

Settling the dispute could take between 12-18 months, another m Read More »

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