February volume up 7% at South Carolina Ports

AJOT | March 24, 2011 | Ports & Terminals

Volume at South Carolina’s public ports was up in February on the heels on major improvements to container operations and the completion of a nearly $22-million project to accommodate growth in Charleston’s breakbulk sector.

Container volume in the Po Read More »

Ferguson, Gibson reappointed to Ports of Indiana commission

AJOT | March 24, 2011 | Ports & Terminals

Gov. Mitch Daniels recently reappointed two key leaders for the Ports of Indiana commission, as Marvin Ferguson and Greg Gibson were each called to serve another term.

“Our commission includes some of Indiana’s finest business minds,” said Ports of In Read More »

India, China’s rivalry and a tale of two ports

AJOT | March 24, 2011 | Ports & Terminals

India and China's quest for clout and resources extends across the globe, but perhaps the best manifestation of this fierce competition, and possible sign of who will ultimately win, lies in a tale of two ports.

The port of Chabahar in the southwest c Read More »

Container volume remains strong at the GPA with 16.3% TEU increase for February

AJOT | March 24, 2011 | Ports & Terminals

The Georgia Ports Authority (GPA) announced today that it experienced 16.3 percent container volume growth in February 2011 with additional impressive gains in automobiles, machinery and wood pulp.

“Our ports are critical to Georgia’s continued econo Read More »

World’s largest container vessels to call at DCT Gdansk

AJOT | March 24, 2011 | Ports & Terminals

DCT Gdansk, Poland’s biggest container terminal will start handling the largest container vessels in the world from May 2011. Vessels of 15,500 TEU capacity will be calling at DCT Gdansk terminal within Maersk Line AE10 service connecting the Far East and Read More »

Cargotec joins forces with Navis

AJOT | March 24, 2011 | Ports & Terminals

Cargotec has completed the acquisition of terminal operating system (TOS) provider Navis from Zebra Technologies Corporation. Cargotec announced its decision to acquire Navis on 31 January 2011.

The acquisition combines Navis' flexible and scalable TO Read More »

Jindal Saw to buy logistic firm to ramp up scale

AJOT | March 24, 2011 | Intermodal

Steel pipemaker Jindal Saw Ltd is in talks to acquire a logistic firm that operates container trains and owns terminals for about 1-1.5 billion rupees and expects to close the deal in three months, its managing director said.

"We are planning to acqui Read More »

US railroad Q1 volume up at least 5%

AJOT | March 24, 2011 | Intermodal

Railroad carload volume is up at least 5 percent in the first quarter, despite unusually disruptive winter storms, and should keep growing with the economy this year, several railroad executives said at a conference.

"We feel good about 2011," Wick Mo Read More »

Canada moves to improve railway grain service

AJOT | March 24, 2011 | Intermodal

Ottawa will move to quell complaints by western Canadian farmers about poor rail freight service by giving grain shippers more clout in ensuring consistent operations, but is taking no immediate steps to penalize railways for bad performance. Read More »

Goldman Sachs raises CSX to buy, cuts Canadian Pacific

AJOT | March 24, 2011 | Intermodal

Goldman Sachs upgraded CSX Corp to "buy" rating, saying the railroad company's attempts to cut structural costs will boost margins and that it will benefit from rising demand for coal.

Goldman, however, cut Canadian Pacific , Canada's second biggest r Read More »

CN critical of Rail Freight Service Review final report

AJOT | March 24, 2011 | Intermodal

CN expressed its serious concerns about the final report of the Rail Freight Service Review (RFSR) panel that was issued and its disappointment with the Government's response.

While CN is pleased that, in releasing the report, the Government recognize Read More »

UAE’s first federal rail link to be ready in early 2013

AJOT | March 24, 2011 | Intermodal

The United Arab Emirates' Etihad Rail said its first route will be completed in early 2013 between Habshan and Ruwais in Abu Dhabi as part of its 40 billion dirhams ($10.9 billion) project to build a rail network.

The first route will transport granul Read More »

Old Dominion deploys automated platform to boost accounts receivable efficiency

AJOT | March 24, 2011 | Intermodal

Old Dominion Freight Line Inc. is increasing processing productivity in its accounts receivable department upwards of 500 percent with the deployment of new technology.

By using Brainware Distiller for Remittances, an automated platform that captures Read More »

Mozambique rail woes to delay coal exports

AJOT | March 24, 2011 | Intermodal

First exports of coal from Mozambique's Moatize fields will be delayed as a result of problems in the construction of the Sena railway linking mines with the port, Portuguese news agency Lusa reported.

Brazil's mining giant Vale and Australia's Riverd Read More »

Canadian Pacific says weather to hit earnings

AJOT | March 24, 2011 | Intermodal

Canadian Pacific Railway warned that its earnings will be down in the first quarter as harsh winter weather hampered train operations and fuel recovery surcharges lagged.

But the company said operations were returning to normal as weather conditions m Read More »

Polish railways invite bids for 50% of cargo arm

AJOT | March 24, 2011 | Intermodal

Poland's state railways PKP said it launched a tender for a 50 percent plus one share stake in its cargo unit, Europe's No. 2 rail freight carrier estimated to be worth some $1 billion.

PKP Cargo accounts for 55.4 percent of rail payload in Poland, wh Read More »

Transnet ups coal line tariffs by 26-30%

AJOT | March 24, 2011 | Intermodal

South Africa's rail and logistics group Transnet said it would raise tariffs on its rail line used to transport coal to the export terminal at Richards Bay by up to 30 percent. Read More »

China trade swings to largest deficit in 7 years

AJOT | March 24, 2011 | International Trade

China swung to a surprise trade deficit in February of $7.3 billion, its largest in seven years, as the Lunar New Year holiday dealt an unexpectedly sharp blow to exports.

It was China's first trade deficit since March last year and its biggest since Read More »

Euro area trade deficit widens in January

AJOT | March 24, 2011 | International Trade

Countries using the euro reported a wider trade deficit in January than a year earlier although trading activity continued to grow, according to figures published.

The European Union's statistics office Eurostat said the 17 countries using the euro ha Read More »

Thailand’s main exports and markets in February

AJOT | March 24, 2011 | International Trade

The value of Thailand's exports rose a much higher-than-expected 31.0 percent in February from a year earlier to a record high as demand from key markets increased, data from the Commerce Ministry showed. Read More »