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Forward Air Q4 profit beats Street

AJOT | February 17, 2011 | Air Cargo

Air cargo company Forward Air Corp posted a quarterly profit that beat market estimates, helped by strong performance at all its segments, and said improving macroeconomic environment along with company-specific positive trends will continue this year. Read More »

Government slams graft in China airport building boom

AJOT | February 17, 2011 | Air Cargo

China's airport building boom over the past five years has caused a litany of graft and environmental problems, but has managed to boost local economies, the government's spending watchdog said.

Ten airport projects across the country cost taxpayers s Read More »

Atlas Air profit tops expectations

AJOT | February 17, 2011 | Air Cargo

Atlas Air Worldwide Holdings Inc posted a higher-than-expected quarterly profit and forecast 2011 earnings above current Wall Street estimates, sending the cargo carrier's shares up as much as 11.6 percent to a nearly three-year high.

The company has Read More »

OOCL announces re-introduction of the Atlantic Express Service (AES)

AJOT | February 17, 2011 | Liner Shipping

OOCL announced re-introduction of the Atlantic Express Shuttle (AES) with an additional port call to Hamburg.

Revised rotation will be: Hamburg-Antwerp-New York-Hamburg. Read More »

Sea Star Line reaches 10,000 load milestone

AJOT | February 17, 2011 | Liner Shipping

Sea Star Line, LLC, will soon mark one year of its weekly service to Puerto Rico from the Port of Philadelphia's Tioga Marine Terminal. After less than 10 months of operation, Sea Star Line's fleet of three vessels has moved a milestone 10,000 loads throu Read More »

NOL says Q4 net profit $177 mlllion

AJOT | February 17, 2011 | Liner Shipping

Neptune Orient Lines (NOL) , the world's seventh largest container shipping firm, reported on Wednesday better-than-expected fourth-quarter net profit, reversing from a loss the previous year as freight rates and cargo volumes soared. Read More »

Premium Article  All eyes on emerging markets for Caterpillar

Karen Thuermer | February 13, 2011 | International Trade

If business activity at Caterpillar Inc. is any indication, the market for construction and mining equipment is on the rise. That’s at least for the big boys.

According to a report by the U.S. Department of Commerce, the majority of the over 1,200 co Read More »

Premium Article  Recovery: Has the corner been turned?

George Lauriat | February 13, 2011 | Liner Shipping

After three difficult years, numbers are up. It is safe to say more boxes are moving now than at any time over the last two years. Is this simply a period of re-stocking or the start of genuine recovery? And will the recovery extend to an export drive? Read More »

Premium Article  Macy’s turns to localization for future growth

Karen Thuermer | February 13, 2011 | International Trade

The retail business, especially at the department store level, is complicated, especially since stores handle a large number of brands and products, many of which are imported by their vendors around the world.

Macy’s Inc., one of the nation’s premier Read More »

Premium Article  Offshore Wind Developers Outline Strategies At Boston Conference

Stas Margaronis | February 13, 2011 | Energy | Alternative | International Trade

The United States is likely to lag behind Europe and Asia in the development of offshore wind without a national energy policy that helps fast track approvals, standards and places a cost on carbon emissions, speakers at an Off-Shore Wind Conference in Bo Read More »

Premium Article  Dealing with Rare Earth Elements

AJOT | February 13, 2011 | International Trade

“The Middle East has its oil, China has rare earth,” Deng Xiaoping, January 1992, discussing the future development of Inner Mongolia.
In 1992 Deng Xiaoping encouraged the development of Inner Mongolia and its rare earths resources, he said, Read More »

Premium Article  The FDA grows some teeth

Peter Buxbaum | February 13, 2011 | Air Cargo | International Trade | Transport Intermediaries

Under new law, agency has several new enforcement mechanisms against adulterated food
One of the Obama administration's accomplishments during the recent lame duck session of the 111th Congress was the passage of the FDA Food Safety and Mode Read More »

Premium Article  California RV manufacturer scores big export deal—for now

Peter Buxbaum | February 13, 2011 | International Trade

Key figure is Chinese entrepreneur who controls both sides of the transaction The announcement from the White House during last month's visit of China's President Hu Jintao was quite impressive. MVP RV, a privately-held motor home manufacture Read More »

Premium Article  At Tampa forum, industry leaders express support for 24/7 terminals

Paul Scott Abbott | February 13, 2011 | International Trade | Liner Shipping | Ports & Terminals

By Paul Scott Abbott, AJOT

The idea of around-the-clock operation of marine terminals has the backing of leaders of terminal operator, ocean carrier and port authority sectors.

Industry executives expressed their support for 24/ Read More »

Premium Article  Tampa port hosts trade workshop co-sponsored by AAPA, MARAD

Paul Scott Abbott | February 13, 2011 | International Trade | Liner Shipping | Ports & Terminals | Transport Intermediaries

Attracting more than 150 high-level executives in maritime transportation and related fields, the fourth annual Shifting International Trade Routes Workshop, co-sponsored by the American Association of Port Authorities and U.S. Maritime Administration, wa Read More »

Premium Article  Schleicher named JAXPORT Executive Vice President

AJOT | February 13, 2011 | Ports & Terminals

The Jacksonville (FL) Port Authority Board of Directors and Chief Executive Officer Paul Anderson announced the promotion of Roy Schleicher to the position of Executive Vice President of the public seaport authority.

Schleicher previously served as Read More »

Premium Article  Florida Atlantic Coast ports advance infrastructure plans

Paul Scott Abbott | February 13, 2011 | Ports & Terminals

Advancement of a 50-foot-deep channel and a major tunnel endeavor at the Port of Miami, container yard enhancements at Port Everglades and the Port of Fernandina, and cargo berth projects at Port Canaveral and the Port of Palm Beach are among infrastructu Read More »

Premium Article  Florida Gulf ports prepare to handle more containers

Paul Scott Abbott | February 13, 2011 | Ports & Terminals

Efforts aimed at handling greater volumes of containerized cargo are advancing at most ports along Florida’s Gulf Coast, with Port Manatee, the Port of Tampa and Port Panama City all bolstering container terminal infrastructure.

Officials at the ports Read More »

Baltic ship screen plans moving too slowly

AJOT | February 13, 2011 | Breakbulk & Projects

The Baltic Exchange's plan for a central trading screen for dry bulk freight derivatives is moving too slowly and concerns are growing that rivals may look to launch their own, freight futures users said. The Baltic Exchange said in May last year it had a Read More »

Dahlman Rose downgrades several dry bulk shippers

AJOT | February 13, 2011 | Breakbulk & Projects

Dahlman Rose downgraded several dry bulk shippers, and said the market has been under intense pressure during the past few months, which is likely to weigh on ship values.

The brokerage cut Eagle Bulk , Excel Maritime , and Freeseas to "hold" from "bu Read More »

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