CP Rail earnings rise 30% on volumes, costs

AJOT | July 29, 2010 | Intermodal

Canadian Pacific Railway Ltd posted a 30 percent jump in quarterly profit, beating analyst expectations on the back of higher volumes and cost controls.

CP, Canada's second-biggest railroad, earned C$166.6 million ($162 million), or 98 Canadi Read More »

Old Dominion Safety Compliance Director honored as North Carolina’s ‘Safety Director of the Year’

AJOT | July 29, 2010 | Intermodal

Sam Faucette, director of safety compliance, training and recruiting for Old Dominion Freight Line Inc., was awarded the North Carolina Trucking Association's 'Safety Director of the Year' Award for 2010.
The announcement was made July 24 during th Read More »

RailAmerica posts Q2 loss

AJOT | July 29, 2010 | Intermodal

Short-line railroad operator RailAmerica Inc reported a quarterly loss, hurt by higher expenses.
The company posted a net loss of $4.2 million, or 8 cents a share, compared with net income of $18.2 million, or 42 cents a share, a year ago. Read More »

Direct ChassisLink to expand operations in Southeast and Gulf inland locations

AJOT | July 29, 2010 | Intermodal

Direct ChassisLink (DCLI) will expand its chassis program to the Southeast and Gulf inland regions effective September 7, 2010. Locations will include Dallas, Fort Worth, El Paso, Hidalgo, Laredo, San Antonio, Atlanta, Dalton, Charlotte, Memphis, Nashvil Read More »

Steel imports decline in June weak market conditions persist

AJOT | July 29, 2010 | International Trade

Steel imports declined by 13.6% in June compared to May, but were up by nearly 130% compared to June 2009. 'These import data show that the steel market has not recovered its strength in 2010, with imports from most major suppliers showing declines in Ju Read More »

WTO backs China in US chicken import row

AJOT | July 29, 2010 | International Trade

A World Trade Organization panel has ruled in favour of China in its dispute with the United States over an effective U.S. ban on imports of cooked Chinese chicken, a Chinese source said.

The dispute, one of several political and economic dif Read More »

US farmers urge sanctions against EU’s GM crop ban

AJOT | July 29, 2010 | International Trade

The largest U.S. farm group has urged the Obama administration to begin steps towards imposing sanctions on the European Union in a longrunning dispute over the EU's treatment of genetically modified crops.

The American Farm Bureau Federation Read More »

GM bullish on Thailand in

AJOT | July 29, 2010 | International Trade

General Motors Co believes vehicle sales in Thailand could rise to more than 700,000 units this year as the economy proves resilient to recent political unrest and grows along with the rest of Southeast Asia. Read More »

New sales team for Virgin Atlantic Cargo in South Africa

AJOT | July 29, 2010 | Air Cargo

Virgin Atlantic Cargo has brought sales 'in-house' in South Africa.

The move follows the launch of V Australia's new twice-weekly flight from Johannesburg to Melbourne and high customer demand for capacity on Virgin Atlantic Cargo's da Read More »

Cargoitalia starts Shanghai services

AJOT | July 29, 2010 | Air Cargo

Cargoitalia - Italy's freighter operator ' is poised to launch scheduled services to Shanghai in September, utilising its recently-arrived third MD11 freighter aircraft.

From September 8, Cargoitalia will operate direct non-stop flights from its Milan Read More »

Air France-KLM Q1 loss narrower than expected

AJOT | July 29, 2010 | Air Cargo

Air France-KLM unveiled a narrower-then-expected loss in its first quarter as the fallout from April's ash crisis dropped into second place behind renewed evidence of an upswing in the economy.

Europe's largest airline said it had lost 132 mi Read More »

Air freight demand leaps in June

AJOT | July 29, 2010 | Air Cargo

Air cargo demand jumped by more than a quarter in June compared with a year ago and passenger numbers rose more than one tenth as airlines saw a growing recovery from the economic crisis, industry figures showed.

While the recovery is faster Read More »

Chile LAN 1st-half profit soars on air traffic

AJOT | July 29, 2010 | Air Cargo

Chile's dominant airline LAN said its first-half net profit surged 115.1 percent to $148.9 million from last year on improved air traffic in the wake of the financial crisis.

LAN has seen passenger and cargo traffic recover quickly this year Read More »

Brazil invention enables ships to load in rain

AJOT | July 27, 2010 | Breakbulk & Projects

A Brazilian firm has invented a high-tech tarpaulin for bulk carrier ships to load during rain without putting their cargo at risk, potentially slashing turn-around times and shipping costs.

Loading of bulk goods such as sugar and grains grin Read More »

Russian minister calls for port expansion

AJOT | July 27, 2010 | Ports & Terminals

Russia needs to expand its port facilities in order to meet growing demand from oil, coal and other exporters, Deputy Transport Minister Viktor Olersky told Reuters in an interview. Read More »

LME eyes Taiwan warehouse, port says by end-2011

AJOT | July 27, 2010 | Ports & Terminals

The London Metal Exchange will apply late next year for a storage and shipping warehouse in southern Taiwan, its fourth in Asia and the closest to mainland China, the world's top metals consumer.

The exchange picked the Taiwan city of Kaohsiu Read More »

Cordero to lead Pacific Ports Group
Trade Association

AJOT | July 27, 2010 | Ports & Terminals

The Port of Long Beach Harbor Commissioner Mario Cordero has been elected president of the Association of Pacific Ports for a one-year term. The selection was announced at the group’s recent annual conference in Stevenson, Wash.

Cordero will Read More »

Ship breaks container loading record on first call in Seattle

AJOT | July 27, 2010 | Ports & Terminals

The container ship CMA CGM Rabelais made its first call at the Port of Seattle on July 19 and shattered the Port's previous container handling record with 4,300 containers loaded and discharged. Read More »

Maryland’s Masonville waterfront restoration project wins award

AJOT | July 27, 2010 | Ports & Terminals

The Maryland Port Administration’s (MPA) $153 million initiative to clean up the Masonville Cove area and create an environmental education center was recently awarded a 2010 Environmental Excellence award by the National Association of Environmental Prof Read More »

New railway bridge to be built at the Port Metro Vancouver, BC

AJOT | July 27, 2010 | Ports & Terminals

Rail traffic destined for Port Metro Vancouver, British Columbia, terminals will move more smoothly and quickly with the injection of C$21 million by Ottawa to build a new railway bridge and widen an underpass as part of Canada’s Asia Pacific Gateway init Read More »