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EU asks for WTO panel in tax dispute with Brazil

Reuters | October 31, 2014 | International Trade

The European Union said it had asked the World Trade Organization to set up a panel to rule on a dispute with Brazil over taxes on automobiles, information technologies and other sectors. Read More »

Montenegro, China’s Exim Bank agree $1 billion highway deal

Reuters | October 31, 2014 | Intermodal | Road

Montenegro and China's Exim Bank have signed an 800 million euro ($1 billion) deal to finance a stretch of highway linking the port of Bar with Serbia, despite opposition to the deal from the International Monetary Fund (IMF) which said it threatened fiscal stability. Read More »

Russia may limit Belarus, Ukraine food shipments

Reuters | October 31, 2014 | International Trade

Moscow may limit food shipments from Belarus and Ukraine to Kazakhstan across Russian territory because of attempts to sell banned imports in Russia, the head of Russia's veterinary and phytosanitary service (VPSS) was quoted as saying. Read More »

China may cancel export quotas on tungsten, molybdenum

Reuters | October 31, 2014 | International Trade

China said it is keeping export quotas on a clutch of industrial metals unchanged for 2015 but was silent on tungsten and molybdenum, leading to speculation exports of the two minor metals won't be subjected to quotas next year. Read More »

Japan steelmakers may boost exports on weak home demand, adding to glut

Reuters | October 31, 2014 | International Trade

Japan's top steelmakers reported higher first-half earnings this week, but slowing demand and bloated stockpiles could push them to sell more overseas, adding to a global glut that has dragged Asian prices to five-year lows. Read More »

Somali pirates free Indian sailors after 4 years in captivity

Reuters | October 31, 2014 | Liner Shipping

Somali pirates have freed seven Indian sailors detained for close to four years in exchange for an undisclosed ransom, Somali officials and a maritime monitoring group said. Read More »

Strong growth in Rotterdam’s roll on/roll off figures

AJOT | October 31, 2014 | Ports & Terminals

Strong growth in Rotterdam’s roll on/roll off figures

In the first nine months of 2014, 15 million tons of roll on/ roll off cargo was handled in the port of Rotterdam, 8% more (+1.1 million tons) than in the same period of 2013. This increase is due almost entirely to the growth of the British economy. With annual throughput of around 20 million tonnes, Rotterdam is among the top 3 ferry ports in Western Europe. Read More »

Duisburg’s coal complex is expanding

AJOT | October 31, 2014 | Ports & Terminals

Duisburger Hafen AG and HMS Bergbau AG Coal Division (HMS) entered into a long-term partnership for the further development of the coal complex. Read More »

Port of Vancouver USA welcomes Kypros Unity on her maiden voyage

AJOT | October 31, 2014 | Ports & Terminals

Port of Vancouver USA welcomes Kypros Unity on her maiden voyage

The Port of Vancouver USA welcomed the Kypros Unity, commanded by Capt. Wilfredo F. Itable of Cyprus, on her maiden voyage Oct. 28. Read More »

Army Corps of Engineers, Port of Everett begin Snohomish River dredging

AJOT | October 31, 2014 | Ports & Terminals

The U.S. Army Corps of Engineers, in partnership with local sponsor the Port of Everett, will begin maintenance dredging of the Snohomish River upstream and downstream settling basins. Read More »

Business is still strong; tonnage up across all sectors at the Port of Houston

AJOT | October 31, 2014 | Ports & Terminals

Business through Port of Houston Authority facilities remains strong for 2014, Executive Director Roger Guenther announced in his report to the Port Commission of the Port of Houston Authority at its regular monthly meeting. Read More »

CMA CGM continues its fleet’s energy and consumption optimizations by retrofitting 10 of its vessels

AJOT | October 31, 2014 | Liner Shipping

The CMA CGM Group announces 10 of its vessels’ bulbous bows are to be retrofitted in order to continue improving its fleet’s energy efficiency and reducing its environmental footprint.  Read More »

Reshamsingh in action for Kochi Integrated Refinery Petrochemical project

AJOT | October 31, 2014 | Breakbulk & Projects | Projects

Reshamsingh in action for Kochi Integrated Refinery Petrochemical project

Reshamsingh, a member of the Cargo Equipment Experts CEE network in India, successfully completed six heavylifts of approx 100 tons each with the largest one of 20,4 meter lenght and 6 meter diameter The weight of this large piece was 117 tons. Read More »

RightShip’s Norman named “2014 Australian Export Hero”

AJOT | October 31, 2014 | Liner Shipping

The Export Council of Australia (ECA) has named RightShip CEO, Warwick Norman as one of just six “Australian Export Heroes” honored in 2014. Read More »

China to spend at least $33 billion on new railway lines

AJOT | October 31, 2014 | Intermodal | Rail

China is set to invest more than 200 billion yuan ($32.7 billion) to build three railway lines to move goods and passengers, state news agency Xinhua quoted the country's powerful economic planning agency as saying. Read More »

DHL invests over EUR 30.5 million in new South Africa facilities

AJOT | October 31, 2014 | Transport Intermediaries

DHL, the global market leader in the logistics and transportation industry today announced investments totaling EUR 30.5 million by both its Supply Chain and Global Forwarding divisions in South Africa. Read More »

SHIFT Freight celebrates first anniversary and record-setting growth

AJOT | October 31, 2014 | Intermodal | Road

SHIFT Freight, a California-based LTL carrier, has been dedicated to providing unmatched Premium LTL shipping services since it opened its doors in quarter three of 2013. Read More »

Becalmed market conceals impending upheaval for European Road Freight sector

AJOT | October 31, 2014 | Intermodal | Road

The European road freight sector endured another year of weak growth and anaemic profits, according to the latest market report from Transport Intelligence, European Road Freight Transport 2014. Read More »

Old Dominion Freight Line reports strong growth in the third quarter

AJOT | October 31, 2014 | Intermodal | Road

Old Dominion Freight Line, Inc. (NASDAQ: ODFL) announced financial results for the three-month and nine-month periods ended September 30, 2014. For the quarter, revenue increased 20.6% to $743.6 million from $616.5 million for the third quarter of 2013. Net income was $77.9 million for the third quarter of 2014, up 29.5% from $60.1 million for the comparable quarter of 2013. Earnings per diluted share rose 28.6% to $0.90 for the third quarter of 2014 from $0.70 for the third quarter of 2013. The Company's operating ratio improved to 83.0% for the third quarter of 2014 from 84.1% for the same period last year. Read More »

ABF Freight awarded ATA President’s Trophy an unprecedented seventh time

AJOT | October 31, 2014 | Intermodal | Road

Already the only six-time winner of the transportation industry‚s most prestigious safety award˜the American Trucking Associations President‚s Trophy˜ABF Freightsm now has earned the award an unprecedented seventh time. Read More »

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