Aramex Q2 profit, revenue higher

AJOT | July 24, 2011 | Transport Intermediaries

Dubai logistics firm Aramex posted a 3 percent rise in second-quarter net profit, as its core Gulf markets performed well amid political turmoil and higher fuel prices.

The firm, which competes with global giants such as Fedex and DHL , reported a qua Read More »

US judge orders arraignment of Kuwait firm Agility

AJOT | July 24, 2011 | Transport Intermediaries

A U.S. district judge ordered the arraignment of Agility in the latest step of the prosecution of the Kuwaiti logistics company over charges that it defrauded the U.S. Army in multibillion-dollar contracts.

The order by Judge Thomas Thrash, came on th Read More »

Matson rebrands logistics units as Matson Logistics

AJOT | July 24, 2011 | Transport Intermediaries

Matson has announced that it is rebranding its three logistics units under the new name, Matson Logistics. Combining the suite of services offered by the three entities, Matson Integrated Logistics, Matson Global and Matson America, into one brand will b Read More »

New Echo Global Logistics mobile app puts supply chain visibility at your fingertips

AJOT | July 24, 2011 | Transport Intermediaries

Echo Global Logistics, Inc.,a leading provider of technology enabled transportation and supply chain management services, today announced the launch of EchoTrak Mobile, the company's first-ever free mobile app. EchoTrak

Mobile allows supply chain mana Read More »

Pilot Freight Services reports boost in revenue for second quarter

AJOT | July 24, 2011 | Transport Intermediaries

Pilot Freight Services reported revenue of $112.5 million for the second quarter, ending June 30, 2011, up 18.5 percent over the same period in 2010. This double digit growth marks the sixth consecutive quarter in which the company has seen skyrocketing r Read More »

US court denies key petition by Kuwait’s Agility

AJOT | July 24, 2011 | Transport Intermediaries

A U.S. appeals court denied a petition by Agility in a legal setback for the Kuwaiti logistics firm that faces prosecution on charges it defrauded the U.S. Army in multibillion-dollar contracts.

Agility was the largest supplier to the U.S. Army in the Read More »

Kuehne + Nagel Group expanses in Brazil

AJOT | July 24, 2011 | Transport Intermediaries

Kuehne + Nagel announced that it has entered into an agreement to take over the shares of Grupo Eichenberg, Porto Alegre, Brazil. This strategic acquisition will enable Kuehne + Nagel to provide integrated door-to-door logistics solutions and to speed up Read More »

Landstar results top estimates

AJOT | July 24, 2011 | Intermodal

Freight transportation and logistics company Landstar System Inc posted a higher-than-expected quarterly profit, sending shares up more than 6 percent to their highest level in nearly three years.

The company said strong pricing and an improving freig Read More »

Fixing the transportation infrastructure: A simple public works project

AJOT | July 24, 2011 | Intermodal

There has never been a greater degree of conversation and talk over our nation's transportation problems than exists today. Ideas range from the rational to the irrational as ideas flow from the left and right. But to date, no comprehensive plan has been Read More »

Rail, roads need upgrade as Paranagua port expands

AJOT | July 24, 2011 | Intermodal

Authorities should improve road and rail links to Paranagua in southern Brazil as part of the expansion of the port, said Plinio Nastari, head of the Datagro sugar consultancy.

Paranagua port plans a $1.6 billion expansion that will increase its capac Read More »

Averitt Shipping next business day service provides carrier with service to Calgary and other…

AJOT | July 24, 2011 | Intermodal

Averitt Express has opened lanes between thousands of Southern cities and western Canada with transit times as fast as next-business-day.

The improved service times apply to shipments moving to and from all cities in Texas and Louisiana, as well as po Read More »

Werner Enterprises Q2 results beat Street

AJOT | July 24, 2011 | Intermodal

Trucking and logistics company Werner Enterprises Inc's quarterly results topped estimates helped by higher revenues due to contractual rate increases.

For the second quarter, net income was $27.5 million, or 38 cents a share, compared with $20.9 mill Read More »

Swift Transportation posts Q2 profit

AJOT | July 24, 2011 | Intermodal

U.S. trucker Swift Transportation posted a second-quarter profit, helped by strengthening demand and higher pricing.

Swift, whose tractors covered 1.5 billion miles in 2010, was boosted by a 4.3 percent increase in trucking volumes and a 4.7 percent i Read More »

Union Pacific profit up, sees stronger second half

AJOT | July 24, 2011 | Intermodal

Union Pacific Corp, the largest publicly held US railroad, reported higher quarterly earnings as freight volumes increased and it raised prices, and the company said it expected to perform even more strongly in the second half of the year.

Union Pacif Read More »

YRC receives National Carrier of the Year Award from BlueGrace Logistics

AJOT | July 24, 2011 | Intermodal

YRC, the largest operating company of YRC Worldwide Inc. has been named the National Carrier of the Year for BlueGrace Logistics, a third party logistics provider that uses their transportation management technology to offer logistics services to business Read More »

CSX raises export coal estimate, sees hiring up

AJOT | July 24, 2011 | Intermodal

CSX Corp raised its estimate for export coal shipments to a new all-time high, which it expects will help drive record 2011 results.

The company also plans to increase average headcount by about 4 percent this year to support growing demand as well as Read More »

Strong franc hits Swiss export growth in June

AJOT | July 24, 2011 | International Trade

Growth of Swiss exports slowed in June and firms slashed prices to defend foreign market share as the strong Swiss franc took its toll.

The data supports the Swiss National Bank's view that growth will slow this year due to the franc's rise to record Read More »

USTR says deal needed before sending trade pacts

AJOT | July 24, 2011 | International Trade

U.S. President Barack Obama's administration fended off Republican demands that it send three long-delayed free trade pacts to Congress for approval, saying it first needed more assurance that a retraining program for displaced workers will be extended. Read More »

EU accused of not cutting tariffs on tech imports

AJOT | July 24, 2011 | International Trade

Japan, Taiwan and the United States accused the European Union of failing to abolish taxes on some electronic hardware imports, despite being told to do so by the World Trade Organization, sources said.

The three countries launched a complaint against Read More »

WTO favors Mexico in tuna dispute with US

AJOT | July 24, 2011 | International Trade

The World Trade Organization has ruled in favor of Mexico in a dispute over tuna with the United States that began more than 20 years ago, a high-ranking source close to the negotiations told Reuters.

The WTO's decision lifts restrictions for Mexico t Read More »