U.S. Xpress acquires minority interest in Smith Transport, Inc.

AJOT | October 08, 2008 | Intermodal

U.S. Xpress Enterprises, Inc. and Smith Transport, Inc. jointly announced today that the companies have completed a transaction in which U.S. Xpress Enterprises will acquire a 47% interest in Smith Transport, Inc. and its affiliated companies. Read More »

Crowley to grow fleet of large barges

AJOT | October 08, 2008 | Liner Shipping

Crowley Maritime Corporation's Vessel Management Services subsidiary has awarded construction contracts to Gunderson Marine of Portland, Oregon for - in addition to two already under construction - eight Heavy Lift Series 400-foot by 105-foot-wide deck ba Read More »

Evergreen Line offers new service pattern in Asia-Australia trade

AJOT | October 08, 2008 | Liner Shipping

Evergreen Line has confirmed it will join the two Asia Australia Services, known as AAS and AAN, operated by four steamship lines -- APL, Hamburg S'd, Hapag-Lloyd and Hyundai Merchant Marine. Compared to Evergreen Line's existing TCA route, the new servic Read More »

Maersk AE-8 Far East service includes Hamburg

AJOT | October 08, 2008 | Liner Shipping

The AE-1 and AE-8 Far East services have been running since March 2008. They use a fleet of 18 containerships between them, with a slot space capacity of between 8,200 and 8,650 TEU. After each round trip, the ships of the AE-1 and AE-8 services change ov Read More »

Northern Shipping Fund I LLC provides new liquidity to international shipping

AJOT | October 08, 2008 | Liner Shipping

Northern Shipping Fund I LLC ("NSF I") formally opened its doors to business having completed a first closing in excess of $110 million in equity. Read More »

Crowley christens new ATB vessel in Tampa

AJOT | October 08, 2008 | Liner Shipping

Crowley Maritime Corporation christened the fifth of ten new 185,000-barrel Articulated Tug-Barge (ATB) tank vessels that the company will take delivery of by the end of 2010. The vessels christened were the 9,280 HP-tug Courage and barge 650-5. Read More »

Administration complex would offer environmental benefits, community amenities

AJOT | October 07, 2008 | Ports & Terminals

The Port of Long Beach will host a second public hearing Wednesday, October 8, 2008 on a draft Environmental Impact Report (EIR) for a proposed Port administration building and maintenance facility complex. The new facility would replace a nearly 50-year- Read More »

Liebherr-Werk Nenzing ‘s 200th LHM 400 goes Down Under to Patrick Stevedoring

AJOT | October 05, 2008 | Ports & Terminals

In Autumn 2008 Liebherr-Werk Nenzing celebrates the benchmark of the 200th LHM 400 mobile harbor crane. Since its market introduction in 1996, the LHM 400 - characterised by a max. lifting capacity of 104 tons and a max. outreach of 48 meters – establishe Read More »

Georgia’s ports increase overall tonnage

AJOT | October 05, 2008 | Ports & Terminals

Georgia Ports Authority’s (GPA) Executive Director Doug J. Marchand announced the GPA handled more than 2.2 million tons of cargo for all terminals in August, a 4.4% increase, or an additional 94,765 tons of cargo compared with the same period last year. Read More »

APM Terminals appoints Mitchell as new CCO

AJOT | October 05, 2008 | Ports & Terminals

APM Terminals announced the appointment of Richard Mitchell as Chief Commercial Officer effective January 1, 2009. Mitchell makes the move to APM Terminals from Maersk Line Ltd., where he held the position of Director of Sales and Marketing for the UK and Read More »

The Allen Group gains approvals for development of Logistics Park Kansas City

AJOT | October 05, 2008 | Transport Intermediaries

The Allen Group, one of the nation's leading Inland Port development companies, received final approval from the Johnson County Board of Commissioners for a public infrastructure Plan of Finance supporting the new intermodal and logistics park development Read More »

TT Club appoints new Logistics Insurance Director

AJOT | October 05, 2008 | Transport Intermediaries

Brian Sullivan comes to TT Club with over 30 years' experience in the insurance industry, having spent the last 18 with leading insurance brokers Marsh, where he was practice leader in European transportation, responsible for developing the firm's capabil Read More »

Panalpina partners with Envirotainer

AJOT | October 05, 2008 | Transport Intermediaries

Panalpina has signed a global Master Lease Agreement with Envirotainer to provide temperature-controlled air cargo containers for its new cold chain management solutions for the healthcare industry. The two companies have worked together for more than six Read More »

Freight railroads commend congressional leadership on rail safety bill

AJOT | October 05, 2008 | Intermodal

The railroad industry would like to commend the leadership of the Senate Commerce Committee and the House Transportation and Infrastructure Committee for the work they did in crafting a comprehensive and far-reaching rail safety bill. Read More »

Transportation Secretary Peters, Gov. Perry praised as

AJOT | October 05, 2008 | Intermodal

The Reason Foundation is heralding US Transportation Secretary Mary Peters and Texas Gov. Rick Perry as "Innovators in Action" for their work in developing fresh solutions to cope with our growing infrastructure and traffic problems. In Innovators in Acti Read More »

Penske opens four new facilities

AJOT | October 05, 2008 | Intermodal

These one-story locations offer commercial and consumer truck rental services, full-service truck leasing and contract maintenance. A wireless technology component allows Penske service technicians to integrate various vehicle diagnostic and repair softwa Read More »

India to sign ASEAN trade deal mid-Dec

AJOT | October 05, 2008 | International Trade

India will sign a free trade deal with the Association of Southeast Asian Nations (ASEAN) as expected in December after around four years of talks, an Indian minister said. Read More »

UK economy flat in Q2

AJOT | October 05, 2008 | International Trade

Britain's current account deficit doubled and the economy stood still in the second quarter of 2008, even before a worsening in what is being described as the worst financial crisis in a generation. Read More »

South Korea deficit soars to record

AJOT | October 05, 2008 | International Trade

South Korea's current account deficit soared to a record high in August on higher costs of imports, which together with a failed US bid to finalize a bailout capped the worst month for the won in 11 years. Read More »

Vitoria Airport reports 17.6% growth

AJOT | October 05, 2008 | Air Cargo

Traffic at Vitoria Airport in Northern Spain has continued to grow steadily throughout 2008, despite the problems of the global air cargo industry. Throughput for the first six months of 2008 has recorded an increase of 17.61% over last year, which is par Read More »