CMA CGM and DP WORLD take delivery of the first two gantry cranes for FOS 2XL

AJOT | December 20, 2010 | Ports & Terminals

As part of their investment in port terminals, PORTSYNERGY shareholders CMA CGM and DP World have just taken delivery of the first two gantry cranes for the “Terminal de la Méditerranée”. It is a symbolic step for their new container terminal at FOS2XL wh Read More »

TransCore’s North American Freight Index reports fourth consecutive month of near-record spot market

AJOT | December 20, 2010 | Intermodal

Since August, TransCore's spot market freight volume has exceeded same-month levels for every year since 2005, the peak year for truckload freight on the spot market. November was no exception, up 72 percent from a year ago, according to the TransCore Nor Read More »

YRC says ABF freight suit dismissed

AJOT | December 20, 2010 | Intermodal

YRC Worldwide Inc said that a U.S. District Court judge dismissed an ABF Freight System lawsuit, ruling ABF Freight does not have standing to sue YRC Worldwide or its workers' union.

ABF Freight, one of YRC's top competitors and the largest subsidiary Read More »

ATA truck tonnage index fell 0.1% in November

AJOT | December 20, 2010 | Intermodal

The American Trucking Associations' advance seasonally adjusted (SA) For-Hire Truck Tonnage Index edged 0.1 percent lower in November after increasing a revised 0.9 percent in October. In September and October, tonnage increased a total of 2.8 percent. Th Read More »

Meat, agriculture unresolved in Russia WTO bid

AJOT | December 20, 2010 | International Trade

Russia's 17-year bid to join the World Trade Organisation still hinges on agreements being reached on meat imports and agricultural subsidies, Moscow's WTO negotiator Maxim Medvedkov said.

Russia hopes to finally join the 153-member trade body next ye Read More »

EU Commission wins more power on trade tariff moves

AJOT | December 20, 2010 | International Trade

European Union lawmakers approved a voting reform that shifts power over decisions on import tariffs worth millions of euros away from national governments to EU institutions.

The move ends a year of divisive debate over whether to empower the executi Read More »

India Jan naphtha exports may rise 6% on higher output

AJOT | December 20, 2010 | International Trade

India's January naphtha exports are expected to rise about 6 percent versus December as overall refinery output is anticipated to increase, industry sources said.

Traders are expecting January exports to be around 850,000 tons, higher than the 800,000 Read More »

EU, Mercosur trade talks going well

AJOT | December 20, 2010 | International Trade

Trade talks between the European Union and South American trade bloc Mercosur to create the world's largest free trade zone are going well and could conclude by mid-2011, Brazil's foreign minister said.

In May the two sides re-launched talks that had Read More »

China rare earths exports double in November

AJOT | December 20, 2010 | International Trade

China's monthly exports of rare earth metals more than doubled in November to 2,090 tonnes, bouncing back after falling by more than three-quarters in October, data supplied by China Customs Statistics Information Centre (HK)

While the monthly volume Read More »

Hactl gives a warm welcome to Juneyao Airlines

AJOT | December 20, 2010 | Air Cargo

Hong Kong Air Cargo Terminals Limited (Hactl) announced that Juneyao Airlines has appointed Hactl as its cargo ground handler at Hong Kong International Airport to support its new service between Hong Kong and Shanghai.

Juneyao Airlines (HO), a fast-g Read More »

China Eastern says stake in China Cargo falls

AJOT | December 20, 2010 | Air Cargo

China Eastern Airlines Corp Ltd said its stake in China Cargo Airlines would fall to 51 percent from 70 percent after a 1.55 billion yuan ($232.9 million) capital increase.

China Cargo Airlines, which had total assets of 4.6 billion yuan and net liabi Read More »

Emirates SkyCargo awards top UAE cargo agents

AJOT | December 20, 2010 | Air Cargo

Emirates SkyCargo's top cargo agents in the UAE have been recognized in style at the carrier's annual awards lunch in Dubai.

The agents ' representing 32 companies - were hosted by senior executives from Emirates SkyCargo ' including Ram Menen, Emirat Read More »

Volga-Dnepr and AirBridgeCargo successfully pass emissions trading scheme pre-verification audit

AJOT | December 20, 2010 | Air Cargo

Volga-Dnepr Airlines and AirBridgeCargo Airlines' have successfully completed a pre- audit of their emissions monitoring system conducted by Emissions Trading Scheme Verification GmbH, one of the leading experts in the field.

Following the audit both Read More »

AirBridgeCargo becomes first customer for Traxon Europe in Russia

AJOT | December 20, 2010 | Air Cargo

AirBridgeCargo Airlines has become Traxon Europe's first customer in Russia after the two companies signed an agreement for the provision of cargo information services.

The agreement was signed by Tatyana Arslanova, Executive President of ABC, and Fe Read More »

LAN may lower fares to lock in merger

AJOT | December 20, 2010 | Air Cargo

Chilean carrier LAN is willing to lower fares in the Santiago-Sao Paulo route to ensure the approval of its acquisition of Brazil's TAM, which would create one of the world's top airlines.

LAN's CEO Enrique Cueto said in an interview published in Sant Read More »

Kuehne + Nagel names Montrone Senior VP of Seafreight for North America

AJOT | December 20, 2010 | Liner Shipping

Kuehne + Nagel has named Paolo Montrone Senior Vice President, Seafreight for North America, effective January 1, 2011.

Since 2008, Paolo Montrone has served as Senior Vice President, Seafreight for South West Europe, with responsibilities across Fran Read More »

MSC’s California Express extends to Pacific Northwest

AJOT | December 20, 2010 | Liner Shipping

Mediterranean Shipping Company SA of Geneva, Switzerland announced the opening of a new direct service extension to the Pacific Northwest.

Commencing with the sailing of the MSC Vienna V.34A from Gioia Tauro on the 29th of December 2010 and with the a Read More »

Five Star Express sails from China

AJOT | December 20, 2010 | Liner Shipping

Horizon Lines, Inc., the nation's leading domestic ocean shipping and integrated logistics company, announced that the HORIZON HAWK made its inaugural voyage of the company's new trans-Pacific Five Star Express (FSX) service.

The HORIZON HAWK, which c Read More »

Aaras Shipping handles heavy cargo in Pakistan

AJOT | December 16, 2010 | Breakbulk & Projects

Aaras Shipping Agencies, a member of the Worldwide Project Consortium WWPC and Cargo Equipment Experts CEE global networks, chartered the multipurpose vessel "M.V. Hibiscus Lily" through which their clients imported heavy commodities into Karachi Port, P Read More »

Retail container traffic to be Up 9% in December, 17% for the year

AJOT | December 16, 2010 | Ports & Terminals

Import cargo volume at the nation’s major retail container ports is expected to be up 9 percent in December over the same month last year, and 2010 should end with a 17 percent increase over last year, according to the monthly Global Port Tracker report r Read More »