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Port of Long Beach bonds rated ‘AA’


AJOT | April 01, 2010 | Ports & Terminals

The Port of Long Beach has received a high credit rating for its bonds from global financial advising company Fitch Ratings, which will mean lower debt costs as the Port moves forward on capital improvement projects. Read More »

Trade experts at Port of Long Beach event ‘cautiously optimistic’ about 2010

AJOT | April 01, 2010 | Ports & Terminals

Trade experts gathered for the Port of Long Beach’s annual “Pulse of the Ports” forecast event agreed that the industry and the broader economy are rebounding, but cautioned challenges still loom ahead.

“While the recession is over, the recovery remai Read More »

APM Terminals will introduce standardization of terminal construction and equipment

AJOT | April 01, 2010 | Ports & Terminals

Standardization of terminal equipment and construction will result in improved financial performance for the APM Terminals Global Terminal Network. Improved economies of scale in consolidated orders to equipment manufacturers, and the simplification of tr Read More »

Finnish paper company M-real selects Port of Philadelphia for US bound cargoes

AJOT | April 01, 2010 | Ports & Terminals

John H. Estey, Esq., Chairman of the Philadelphia Regional Port Authority (PRPA), announced that the European paper company M-real, based in Finland, has selected the Port of Philadelphia as its preferred U.S. port of entry for its high quality paper prod Read More »

Cargotec delivers its 2,000th Kalmar DRF reachstacker built in Sweden

AJOT | April 01, 2010 | Ports & Terminals

Cargotec recently handed over the keys of its 2,000th Kalmar DRF reachstacker assembled at its production facility in Lidhult, Sweden to Kleinwort GmbH, a long-time customer of Kalmar counterbalance equipment. The new milestone marks the ever-growing popu Read More »

Deutsche Bahn increases its activities in the United Arab Emirates

AJOT | April 01, 2010 | Intermodal

Deutsche Bahn is planning to enter into a strategic partnership for the planning, construction and operation of rail systems in the United Arab Emirates (UAE). A corresponding Memorandum of Understanding was signed in Abu Dhabi today at a ceremony attende Read More »

Russia March rail freight up 10.7% year-to-year

AJOT | April 01, 2010 | Intermodal

Russian rail freight rose 10.7 percent in March year-on-year, the state-controlled rail monopoly Russian Railways said.

Russia's cargo freight - seen as a barometer for the health of the economy as a whole - has been rising steadily in recent Read More »

Old Dominion recognized as ASE Certified Training Provider

AJOT | April 01, 2010 | Intermodal

Old Dominion Freight Line, Inc. has been recognized as an Automotive Service Excellence (ASE) training provider, making it the first less-than-truckload (LTL) carrier to earn such an honor for its instructor-led training program.

The voluntar Read More »

ATA supports proposed commercial driver texting ban regulation

AJOT | April 01, 2010 | Intermodal

The American Trucking Associations (ATA) applauds Transportation Secretary LaHood for his ongoing dedication to combating distracted driving. ATA strongly supports the Department of Transportation's (DOT) proposal of a permanent rule to prohibit text mess Read More »

US Transportation Secretary appoints ATA economist to Statistics Advisory Council

AJOT | April 01, 2010 | Intermodal

ATA Chief Economist Bob Costello received an appointment March 30 from U.S. Secretary of Transportation Ray LaHood to the Advisory Council on Transportation Statistics (ACTS), which advises the Department's Bureau of Transportation Statistics (BTS). Read More »

Southeastern Freight Lines named LTL Carrier of the Year by Andersen

AJOT | April 01, 2010 | Intermodal

Southeastern Freight Lines, a regional less-than-truckload (LTL) transportation services provider, has been named LTL Carrier of the Year by Andersen Corporation, the largest window and door manufacturer in North America. Read More »

CN makes it easier for customers to calculate carbon savings when shipping by rail

AJOT | April 01, 2010 | Intermodal

In a rail industry first, CN customers can now calculate their carbon savings from switching shipments to rail from truck at the same time they secure a rate from the company's public pricing tools, Get Carload Price and Get Intermodal Price. Read More »

Report recommends ways to regulate & improve fuel economy of tractor-trailers & other…

AJOT | April 01, 2010 | Intermodal

A new congressionally mandated report from the National Research Council evaluates various technologies and methods that could improve the fuel economy of medium- and heavy-duty vehicles, such as tractor-trailers, transit buses, and work trucks. The repor Read More »

US currency push on China no slam dunk

AJOT | April 01, 2010 | International Trade

China's currency is clearly undervalued, but pressure on Beijing to make its currency rise in value won't trim the U.S. trade deficit with China or reduce the jobless rate, say American economists.

Political pressure is building on the Obama Read More »

India prepared to take EU to WTO over drugs

AJOT | April 01, 2010 | International Trade

India is ready to launch a formal dispute against the European Union at the World Trade OrganiZation over EU seizures of Indian generic drugs, the Indian Trade Secretary said. Read More »

Brazil Feb trade surplus rises less than expected

AJOT | April 01, 2010 | International Trade

Brazil posted a lower-than-expected trade surplus of $668 million in March, compared with a surplus of $394 million in February, the trade ministry said. Read More »

Egypt’s GASC buys 60,000 tons of Russian wheat

AJOT | April 01, 2010 | International Trade

Egypt's main government wheat buyer said on he had bought 60,000 tons of Russian wheat for June 1-15 shipment, on a free on board basis.

Nomani Nomani, vice chairman of the General Authority for Supply Commodities (GASC), gave the following breakdown Read More »

TFS eyes Indian sandalwood growth in Australia

AJOT | April 01, 2010 | International Trade

Australia's TFS Corp , the largest grower of Indian sandalwood outside of India, plans to acquire a second planting site in Western Australia to expand by four times its capacity for growing the valuable aromatic tree.

TFS, which produces san Read More »

China to discuss Iran sanctions; Hu to visit U.S.

AJOT | April 01, 2010 | International Trade

China has agreed to serious negotiations with Western powers about imposing new sanctions on Iran and President Hu Jintao will attend a multi-nation summit on nuclear security in Washington this month, officials said.

The two moves should dil Read More »

Russia dominates neighbours in new customs union

AJOT | April 01, 2010 | International Trade

Russia's partners in a new customs union, Kazakhstan and Belarus, are getting cold feet about a pact designed to boost trade between the trio of ex-Soviet states and add clout to their WTO accession talks. Read More »

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