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Qantas looks past record loss, opens door to foreign investors

Reuters | August 28, 2014 | Air Cargo

Qantas Airways Ltd is looking past its record annual loss and predicting blue skies ahead, as a landmark change in Australian laws opens the door to foreign investment in the airline's international arm - its biggest headache. Read More »

JAL gives Japan’s flagging home-grown regional jet boost with orders

Reuters | August 28, 2014 | Air Cargo

Japan Airlines Co said it has agreed to buy 32 Mitsubishi Regional Jets worth around $1.5 billion, giving Japan's first domestically manufactured commercial passenger plane in half a century a needed sales boost. Read More »

WFS wins contract to operate new cargo terminal at Milan Malpensa

AJOT | August 28, 2014 | Air Cargo

Worldwide Flight Services (WFS) has been awarded the handling concession for a new 5,000 sq. mt. cargo terminal at Milan Malpensa Airport, part of a major investment program to increase the airport’s cargo capacity to one million tons a year by 2020. Read More »

PPG appoints new member for Mexico

AJOT | August 28, 2014 | Transport Intermediaries

Baselogístika/ICI Proyectos has joined overdimensional logistics network, the Project Professionals Group, as the new member for Mexico. Read More »

WFS wins contract to operate new cargo terminal at Milan Malpensa

AJOT | August 28, 2014 | Air Cargo

Worldwide Flight Services (WFS) has been awarded the handling concession for a new 5,000 sq. mt. cargo terminal at Milan Malpensa Airport, part of a major investment programme to increase the airport’s cargo capacity to one million tonnes a year by 2020. Read More »

New railway crane in operation at logport III

AJOT | August 28, 2014 | Intermodal

New railway crane in operation at logport III

First stage of the capacity expansion at the logport III container terminal complete / Second crane to follow by the end of the year / Investments totaling about € 10 million Read More »

ISS celebrates ISO accreditation in Middle East and Africa

AJOT | August 28, 2014 | Transport Intermediaries

Inchcape Shipping Services, the world’s leading maritime services provider, is celebrating the awards of ISO 22000:2005 – Food Safety Management System and ISO 9001:2008 for the company’s supply chain operations in Dubai, Mombasa and Mogadishu. Read More »

Virgin Atlantic Cargo says falling market yields are ‘a warning for the industry’

AJOT | August 28, 2014 | Air Cargo

Virgin Atlantic Cargo says falling market yields are ‘a warning for the industry’

Virgin Atlantic Cargo saw tonnage rise in the first six months of 2014, and an increase in its load factor network-wide. Read More »

PIT Receives Government Funding for Engine Programming Project

AJOT | August 28, 2014 | Intermodal

FPInnovations’ Performance Innovation Transport (PIT) group, a not-for-profit engineering and research group for the North American trucking industry, today announced that it has received funding from the Quebec government to initiate a commercial vehicle engine programming project to reduce fuel consumption and emissions. Read More »

Storm Surge Halts Vessel Operations

AJOT | August 28, 2014 | Ports & Terminals

Storm Surge Halts Vessel Operations

Two cargo terminals at the Port of Long Beach announced Wednesday, Aug. 27, that they were suspending vessel operations for the day because 10- to 15-foot high wave surges powered by Pacific Hurricane Marie endangered longshore workers. Read More »

Big Increase in Steel Moving Across Docks at Port of Houston Authority in July

AJOT | August 28, 2014 | Ports & Terminals

More steel moved across the docks in July than any month since 2008, Executive Director Roger Guenther reported at the August 26 meeting of the Port Commission of the Port of Houston Authority. Read More »

Southeastern Freight Lines Promotes Brad Elder to Service Center Manager in South Charlotte

AJOT | August 28, 2014 | Transport Intermediaries

Southeastern Freight Lines, the leading provider of regional less-than-truckload (LTL) transportation services, today announced that Brad Elder has been promoted to service center manager in south Charlotte, North Carolina. Read More »

Halifax Port Authority receives an upgraded credit rating of A+ from Standard & Poor’s

AJOT | August 28, 2014 | Ports & Terminals

The Halifax Port Authority has developed, and currently operates from a diversified revenue base generating strong and consistent cash flow. Read More »

ArcBest Corporation to Appear at the Cowen Global Transportation & Aerospace/Defense Conference

PR Newswire | August 28, 2014 | Transport Intermediaries

FORT SMITH, Ark., Aug. 28, 2014 /PRNewswire/ -- ArcBest Corporation(SM) (Nasdaq: ARCB) will appear at the Cowen and Company Global Transportation & Aerospace/Defense Conference in Boston, Massachusetts, on Thursday, September 4 from 2:40 p.m. until 3:15 p.m. ET. Michael E. Newcity, Senior Vice President - Chief Financial Officer & Chief Information Officer, will make a company presentation. The live program will be webcast (in a listen-only mode) and an archive will be available following the presentation.

Read More »

ICBC says bad loans arising from Qingdao issue below $200 million

Reuters | August 28, 2014 | International Trade | Ports & Terminals

Industrial and Commercial Bank of China suffered under $200 million in bad loans as a results of a suspected fraud in China’s Qingdao port, the lender’s president Yi Huiman said at a media conference in Beijing on Thursday. Read More »

Direct ChassisLink Inc. Announces Acquisition of REZ-1

PR Newswire | August 28, 2014 | Intermodal

Direct ChassisLink Inc., a leading provider of Intermodal Equipment and Services, has announced the acquisition of REZ-1, a provider of domestic intermodal equipment management and services. REZ-1 currently manages over 70,000 assets on its platform across a diverse customer base. Read More »

Australian state to sell around $2 bln in assets as mine boom ends

Reuters | August 28, 2014 | Breakbulk & Projects

The state of Western Australia on Thursday said it planned to sell government-owned assets, including part of the Port Hedland shipping terminal, for an estimated A$1 billion to A$2 billion ($1.9 billion) as its resource-heavy economy adjusts to the collapse of a decade-long mining boom. Read More »

Port of Long Beach Raises Small Business Commitment

AJOT | August 27, 2014 | Ports & Terminals

Port of Long Beach Raises Small Business Commitment

10-year-old program offers opportunity, increases competition Read More »

Greece’s Piraeus Port posts flat profit, sales dip

Reuters | August 27, 2014 | Ports & Terminals

Greece’s Piraeus Port (OLP) , the largest in the country, said its first-half net profit was almost unchanged from the same year-ago period, while sales fell. Read More »

Poland asks EU to act on Russia’s blocking transit of goods

Reuters | August 27, 2014 | International Trade

Poland has asked for European Commission help to keep Russia from blocking Polish shipments of goods through Russian territory, the Polish infrastructure and transport ministry said on Wednesday. Read More »

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