Port of Oakland advances trade partnership with major public port in China

AJOT | March 13, 2011 | Ports & Terminals

The Port of Oakland and China Merchants Holdings International (CMHI) jointly hosted “Blueprint for China’s Shipping and Logistics Growth,” at the Waterfront Hotel in Oakland’s Jack London Square this past Friday, March 4. This half-day symposium brought Read More »

Iraq plans to tender Faw port by year end-minister

AJOT | March 13, 2011 | Ports & Terminals

Iraq plans to float a tender for building a multibillion-dollar port south of Basra by the end of this year, its transportation minister said.

Iraq is in talks with investors from Australia, France, Germany, Italy and the UAE to help finance the proje Read More »

UAE’s Union Railway issues tenders ahead of mid-2011 build

AJOT | March 13, 2011 | Intermodal

Union Railway, which plans to begin construction on the United Arab Emirates' rail network in mid-2011, said it has issued tenders for rolling stock for the Western region railway.

The firm plans to complete an $11 billion, 1,500 km railway project ac Read More »

Growing China, India to drive container leasing companies

AJOT | March 13, 2011 | Intermodal

Dahlman Rose upgraded the container leasing industry to a "buy" rating from "hold," as rising demand across the world, shortage in supply and higher pricing trends bode well for companies in the sector.

"The growth of the consumer classes in China, Br Read More »

China to start delayed Myanmar rail link this year

AJOT | March 13, 2011 | Intermodal

Construction of a rail link from China to Myanmar will likely start this year after being delayed by internal problems and mismatched gauges, the Chinese commerce minister said.

The railway is part of a wide-ranging network that will connect southwest Read More »

American freight rails plan to spend $12 blllion in 2011

AJOT | March 13, 2011 | Intermodal

Freight railroads plan to spend a record $12 billion on hiring new employees, laying down new track, and other capital projects in 2011, an industry group said.

The Association of American Railroads, whose members include Canadian Pacific Railway , Un Read More »

Mexico sees U.S. trucking dispute over in summer

AJOT | March 13, 2011 | Intermodal

Mexico said it expected its first truck to cross into U.S. territory in about four months, a move that would end a long-standing cross-border trucking dispute with its main trade partner.

U.S. President Barack Obama said that the United States and Mex Read More »

Stella Jones profit jumps on strong railway tie sales

AJOT | March 13, 2011 | Intermodal

Stella-Jones Inc's fourth-quarter profit more than tripled helped mainly by stronger railway tie sales, but the maker of treated wood products said deliveries are expected to slightly soften in the first quarter. Read More »

Blue Tree Systems expands North American presence

AJOT | March 13, 2011 | Intermodal

Blue Tree Systems, a global provider of fleet management, reefer monitoring and trailer tracking solutions, today announced it has established Blue Tree Systems Inc. to support its growing network of partners, resellers and users of its next generation fl Read More »

Organic expansion gives ABF dual-system network coast-to-coast reach

AJOT | March 13, 2011 | Intermodal

ABF' is expanding its RPM' service to the western one-third of the U.S., providing increased shipment velocity to 95% of the lanes between major markets in the West. 'ABF's latest service improvements are monumental because they give coast-to-coast reach Read More »

Raymond James ups CP Railway to outperform

AJOT | March 13, 2011 | Intermodal

Raymond James upgraded Canadian Pacific Railway Ltd to "outperform" from "market perform", as the brokerage expects the company to gain partly from its diverse bulk franchise including coal, potash and grain, and exposure to emerging markets. Read More »

Old Dominion CFO honored as one of ‘America’s Best CFOs’

AJOT | March 13, 2011 | Intermodal

J. Wes Frye, senior vice president ' finance and CFO of Old Dominion Freight Line Inc., has been recognized on Institutional Investor's America's Best CFOs list for 2011.

Frye ranked second on the Airfreight & Surface Transportation industry list and Read More »

Trade rules to curb foreign subsidies

AJOT | March 13, 2011 | International Trade

The European Union should rely on international trade rules, rather than protectionist tools, to ensure that foreign bids for EU companies are not backed by state aid, the EU's antitrust chief said.

EU Competition Commissioner Joaquin Almunia's commen Read More »

Obama to name Locke as new US ambassador to China

AJOT | March 13, 2011 | International Trade

U.S. President Barack Obama will nominate Commerce Secretary Gary Locke, who this year criticised China for not opening its markets, as next U.S. ambassador to Beijing, two administration officials said.

Locke would be the first Chinese American to se Read More »

FTR Shippers Condition Index remains in low territory

AJOT | March 13, 2011 | International Trade

As reported in the March Issue of FTR's Shippers Update, the firm's Shippers Condition Index (SCI) remained in low territory in February with a value of -5.2. FTR expects the index to fall further as the outlook for capacity shortages worsen in the seaso Read More »

China rare earth accounting change masks export slump

AJOT | March 13, 2011 | International Trade

China's customs authority has changed the way it presents rare earths exports, a Reuters analysis of the figures showed, giving the impression that January's exports were six times bigger than they would have been under the old methodology. Read More »

Zepol reports February containerized imports fall 9.94%

AJOT | March 13, 2011 | International Trade

Zepol Corporation, the leading trade intelligence company,reports that import shipment volume for February, measured in TEUs, decreased 9.94% from January and increased 9.03% over February 2010. The total number of shipments also decreased 11.09% from Jan Read More »

Envirotainer’s new e-technology container RAP e2 carries first commerical shipment

AJOT | March 13, 2011 | Air Cargo

Envirotainer's new RAP e2, the next generation of e-technology air cargo containers for highly sensitive healthcare products, has successfully delivered its first commercial shipment.

The milestone first shipment ' which followed airworthiness certifi Read More »

Lufthansa Cargo appoints new area managers

AJOT | March 13, 2011 | Air Cargo

Lufthansa Cargo has appointed new area managers for Germany and the Europe/Africa region. J. Florian Pfaff (47), currently Lufthansa Cargo Vice President Area Management Europe and Africa is to assume responsibility for the cargo carrier's home market Ge Read More »

Heavy lift, project cargo sees less capacity and higher rates for air services

AJOT | March 13, 2011 | Air Cargo

While most heavy lift, project cargo is transported around the globe via ocean transport, heavy lift air cargo airlines take the load to locations that need specialized cargo fast. Consider the following, for example:

When medical equipment from the N Read More »