Transportation Consultants Inc. to expand at Port of New Orleans

AJOT | July 25, 2010 | Ports & Terminals

Gov. Bobby Jindal joined Transportation Consultants Inc., or TCI, Founder and CEO Jack Jensen, New Orleans Mayor Mitch Landrieu, Port of New Orleans President and CEO Gary LaGrange, and Entergy New Orleans President and CEO Charles Rice to announce TCI wi Read More »

Port of Halifax responds to end of Montreal labor lockout

AJOT | July 25, 2010 | Ports & Terminals

During the labour lockout at the Port of Montreal this week, the Port of Halifax handled five diverted containerized cargo vessels.

“The Port community and many members of the supply chain worked together quickly to accommodate additional car Read More »

Russian stevedore expands with an order for Kalmar RTGs and terminal tractors

AJOT | July 25, 2010 | Ports & Terminals

Cargotec has been awarded a contract from Baltic Stevedoring Company (BSC) for six Kalmar E-One2 rubber-tyred gantry (RTG) cranes and 10 Kalmar TR618i terminal tractors. The order for new equipment will improve the terminal operator's handling capacity at Read More »

Oil imports at Dalian choked as China fights slick

AJOT | July 25, 2010 | Ports & Terminals

Oil imports were still blocked at the major Chinese port of Dalian following a fire and oil slick, while authorities recruited an additional 500 fishing boats to help with the clean-up

Refinery operations have been disrupted and cargoe Read More »

Brazil’s Santos port resumes sugar loading

AJOT | July 25, 2010 | Ports & Terminals

The skies have cleared over Brazil's main port of Santos, allowing ships to resume bulk sugar loading after wet weather interrupted the flow of the sweetener most of last week, shipping agents said.

Rains continue to plague Brazil's No. 2 sug Read More »

Cargotec Q2 profit and orders surge on Asia demand

AJOT | July 25, 2010 | Ports & Terminals

Finnish cargo-handling equipment maker Cargotec beat all forecasts with a jump in second-quarter operating profit and order intake, boosted by Asian demand.

Cargotec said demand for handling equipment such as loader cranes and forklift trucks Read More »

Lock-out prompts vessel diversions from Montreal to Halifax

AJOT | July 25, 2010 | Ports & Terminals

As this issue of AJOT was going to press, commercial operations at the Port of Montreal had come to a virtual stand-still due to a maritime employer lock-out of 850 dockers that began on Monday, July 19.

The first such labour conflict Read More »

Bangladesh port handles record tonnage in 2009-10

AJOT | July 25, 2010 | Ports & Terminals

Cargo handling at Bangladesh's main Chittagong port rose 21.39 percent to a record 37 million tons in the fiscal year that ended June, officials said.

The facility handled 30.48 million tonnes in the previous fiscal year, the Chittagong Port Read More »

CN reports bigger profit, revises 2010 forecast

AJOT | July 25, 2010 | Intermodal

Canadian National Railway reported a 38 percent jump in quarterly profit and raised its full-year forecast based on its strong results over the last six months and expectation that the economy will continue to recover.

CN, Canada's biggest ra Read More »

India may miss key infrastructure targets

AJOT | July 25, 2010 | Intermodal

Bureaucratic hurdles may cause India's government to miss 2012 investment targets in key sectors such as roads, railways and ports, potentially crimping economic growth, an adviser to the planning commission said.

Slow progress to overhaul In Read More »

Arkansas Best cautious on recovery

AJOT | July 25, 2010 | Intermodal

U.S. trucking company Arkansas Best Corp posted a narrower-than-expected quarterly loss, but said it remains cautious on the economic recovery in the second half of the year.

"Economic recovery appears to be tenuous and there's uncertainty ab Read More »

Union Pacific posts record results

AJOT | July 25, 2010 | Intermodal

Union Pacific Corp, the No. 1 U.S. railroad, reported record quarterl, topping Wall Street expectations, as business volumes and freight revenue surged amid an improving economy.

Union Pacific Chairman Jim Young said the pace of the economic Read More »

US freight companies post strong results as pricing improves

AJOT | July 25, 2010 | Intermodal

U.S. freight companies reported higher second-quarter profits and said pricing was improving steadily, indicating strong growth for the rest of the year.

They also plan to add capacity in the second half of 2010 as the freight market thaws af Read More »

U.N. urged to probe U.S. trade stance on generic drugs

AJOT | July 25, 2010 | International Trade

AIDS groups accused the United States of violating the health rights of millions of poor people around the world through trade policies that make it harder for them to get life-saving drugs.

A coalition that includes Health Gap, the Foundatio Read More »

US business groups urge Pelosi not push China bill

AJOT | July 25, 2010 | International Trade

A coalition of U.S. business groups urged House of Representatives Speaker Nancy Pelosi not to include China currency legislation in a broad package of legislation aimed at helping U.S. manufacturers. Read More »

Canada sees steep trade rise after EU trade deal

AJOT | July 25, 2010 | International Trade

Canada expects trade with European Union to rise by some 20 percent in the five years after a trade deal between Canada and the EU is enforced, Canada's trade minister said. Read More »

Protectionism barely affected trade

AJOT | July 25, 2010 | International Trade

Protectionist measures taken by different countries during the financial crisis had little overall impact on trade, a World Bank economist said. Read More »

China downcast on exports as EU debt woes bite

AJOT | July 25, 2010 | International Trade

China sounded a gloomy note about its export prospects, warning in particular that belt-tightening by deeply indebted European Union governments would dampen demand for the country's goods.

Calling the trade picture "still complicated and gri Read More »

Russia must improve IP enforcement to join WTO

AJOT | July 25, 2010 | International Trade

Russia must improve efforts to stop piracy and counterfeiting of U.S. music, movies and other goods to achieve its longterm goal of joining the World Trade Organization, a U.S. official said. Read More »

Chery unaware of GM technology theft saga

AJOT | July 25, 2010 | International Trade

China's Chery Automobile Co said it was unaware of a U.S. case of alleged theft of GM technology that had been linked to the Chinese firm. Read More »