Gap eyes international business to boost sales

AJOT | October 14, 2010 | International Trade

Gap Inc is projecting that online and international sales will account for more than one-quarter of total net sales by its fiscal year 2013 as it expands its business overseas.

Gap, which operates a namesake chain of clothing stores as well a Read More »

American Airlines announces daily B767-300 flight to Budapest

AJOT | October 14, 2010 | Air Cargo

The launch next April by American Airlines of a daily flight from New York JFK to Budapest was announced on October 7th in Budapest, and London at the same time. The first American Boeing 767-323ER aircraft is planned to land at Budapest Airport on 4 Ap Read More »

Cargo plane crashes near Kabul, seven dead

AJOT | October 14, 2010 | Air Cargo

A civilian cargo transport plane crashed into mountains near the Afghan capital Kabul, killing at least seven people on board, a local civil aviation official said.

It was not immediately clear how many people were aboard the plane. An Afghan Read More »

CMA CGM upgrades its service between North Europe, US South Atlantic, Mexico and the US Gulf

AJOT | October 14, 2010 | Liner Shipping

CMA CGM is pleased to announce the launch of its New Victory Bridge service linking North Europe to US South Atlantic, Mexico and the US Gulf, effective October 17th, 2010.

Launched in partnership with CSAV, this service previously operated in coopera Read More »

Toys’R'Us names APL its Ocean Carrier of the Year

AJOT | October 14, 2010 | Liner Shipping

Toys'R'Us, Inc., the world's leading dedicated toy and juvenile products retailer, has named APL its 2010 Ocean Carrier of the Year. A container shipping leader, APL was honored at concurrent ceremonies in Hong Kong and Union, New Jersey. Read More »

H.R. 6167 would harm US international trade

AJOT | October 14, 2010 | Liner Shipping

The World Shipping Council (WSC) has concluded its initial analysis of H.R. 6167, the 'Shipping Act of 2010,' which was recently introduced in the U.S. Congress. That bill proposes to substantially change the way that the international liner shipping indu Read More »

Dry bulk shipping to stay challenging

AJOT | October 12, 2010 | Breakbulk & Projects

Conditions in the dry bulk shipping sector will remain challenging due to growing fleet supply and uncertainty over demand prospects, a senior official with shipbroker Clarksons said. Dry bulk ship owners ramped up orders of vessels before the economic do Read More »

Containing momentum:  another strong month for containers at the Port of Baltimore

AJOT | October 12, 2010 | Ports & Terminals

Containers continue their strong rebound at the Port of Baltimore’s public marine terminals. In August, 57,510 TEU (Twenty Foot Equivalent Unit) containers made their way across Baltimore’s docks. That ranks second in the Port’s history, right behind July Read More »

US cargo imports to increase in October

AJOT | October 12, 2010 | Ports & Terminals

Import retail shipping traffic at major U.S. ports shot up 23 percent in August, compared with year ago levels, and should continue to rise in the coming months due to improvements in the U.S. economy, according to a report by the National Retail Federati Read More »

Aurubis says port concession haze holds up EUR 25 million project

AJOT | October 12, 2010 | Ports & Terminals

The fuzzy situation with the concession of Bulgaria's ports of Bourgas and Varna is delaying a EUR 25 million investment project, said Peter Willbrandt, board member of Europe's largest copper producer Aurubis.

Speaking to Dnevnik at the dedi Read More »

Maersk warns over cost pressure for ports

AJOT | October 12, 2010 | Ports & Terminals

Container port operators in mature economies face "very strong cost competition" from faster-growing emerging markets, the Financial Times quoted the head of APM Terminals as saying. Read More »

Konecranes acquires Indian WMI Cranes LTD.

AJOT | October 12, 2010 | Ports & Terminals

Konecranes has entered into an agreement to acquire the Indian crane company WMI Cranes Ltd. (“WMI”). The acquisition marks an important step in strengthening Konecranes' position in the growing Indian crane market.

The company, which is own Read More »

Shipping fleet set to expand, but freight rates drag

AJOT | October 12, 2010 | Ports & Terminals

India's shipping industry is setting out on a fleet expansion drive as the country's port capacity is set to increase, but still-soft freight rates will put a lid on recovery after an extended slowdown.

Cargoes at Indian ports are expected to Read More »

Further major Kühne + Nagel project in the Port of Duisburg

AJOT | October 12, 2010 | Ports & Terminals

The Duisport Group has transferred one of the last logport I properties of some 65,000 sq.m. to Kühne + Nagel (AG & Co.) KG of Hamburg. With a total size of 160,000 sq.m. in the Port, Kühne + Nagel now operates by far the largest logport I facilities in Read More »

Russian government approves TransContainer IPO

AJOT | October 12, 2010 | Intermodal

The Russian government has approved the long-awaited initial public offering of an almost 35 percent stake in freight operator TransContainer, clearing the way for the state rail monopoly to raise upto $525 million. The shares will be sold "at a price no Read More »

Rising trucking costs to add to U.S. retailer woes

AJOT | October 12, 2010 | Intermodal

U.S. retailers, already feeling pressure from rising raw material costs and higher wages in China and elsewhere, face the added threat of growing land transportation costs as they move toward 2011.

Truckload rates are expected to rise by 10 p Read More »

Russian rail seeks Freight One investor

AJOT | October 12, 2010 | Intermodal

Russian Railways is looking to sell a controlling stake in its Freight One unit to a strategic investor, a senior official from the state rail monopoly was quoted as saying.

Russian Railways had previously talked about an IPO of Freight One b Read More »

Key figure of U.S. chemical demand rises

AJOT | October 12, 2010 | Intermodal

Chemical shipments on U.S. railroads rose 6.7 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 »

Kenya invites new bids for cross-country railway

AJOT | October 12, 2010 | Intermodal

Kenya Railways has invited fresh bids for work on a railway to run between the port city of Mombasa and the Ugandan capital Kampala, expected to triple train speeds and increase regional trade.

Kenya Railways said in a newspaper advertisement Read More »

Schulz is the new head of Intermodal at DB Schenker Rail

AJOT | October 12, 2010 | Intermodal

Andreas Schulz is the new Head of the Intermodal Market Unit at DB Schenker Rail Deutschland AG. The 42-year-old is thus assuming responsibility for the tasks previously performed by Karsten Sachsenr'der, who held this position since the beginning of the Read More »