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PIT Receives Government Funding for Engine Programming Project

AJOT | August 28, 2014 | Intermodal

FPInnovations’ Performance Innovation Transport (PIT) group, a not-for-profit engineering and research group for the North American trucking industry, today announced that it has received funding from the Quebec government to initiate a commercial vehicle engine programming project to reduce fuel consumption and emissions. Read More »

Storm Surge Halts Vessel Operations

AJOT | August 28, 2014 | Ports & Terminals

Storm Surge Halts Vessel Operations

Two cargo terminals at the Port of Long Beach announced Wednesday, Aug. 27, that they were suspending vessel operations for the day because 10- to 15-foot high wave surges powered by Pacific Hurricane Marie endangered longshore workers. Read More »

Big Increase in Steel Moving Across Docks at Port of Houston Authority in July

AJOT | August 28, 2014 | Ports & Terminals

More steel moved across the docks in July than any month since 2008, Executive Director Roger Guenther reported at the August 26 meeting of the Port Commission of the Port of Houston Authority. Read More »

Southeastern Freight Lines Promotes Brad Elder to Service Center Manager in South Charlotte

AJOT | August 28, 2014 | Transport Intermediaries

Southeastern Freight Lines, the leading provider of regional less-than-truckload (LTL) transportation services, today announced that Brad Elder has been promoted to service center manager in south Charlotte, North Carolina. Read More »

Halifax Port Authority receives an upgraded credit rating of A+ from Standard & Poor’s

AJOT | August 28, 2014 | Ports & Terminals

The Halifax Port Authority has developed, and currently operates from a diversified revenue base generating strong and consistent cash flow. Read More »

ArcBest Corporation to Appear at the Cowen Global Transportation & Aerospace/Defense Conference

PR Newswire | August 28, 2014 | Transport Intermediaries

FORT SMITH, Ark., Aug. 28, 2014 /PRNewswire/ -- ArcBest Corporation(SM) (Nasdaq: ARCB) will appear at the Cowen and Company Global Transportation & Aerospace/Defense Conference in Boston, Massachusetts, on Thursday, September 4 from 2:40 p.m. until 3:15 p.m. ET. Michael E. Newcity, Senior Vice President - Chief Financial Officer & Chief Information Officer, will make a company presentation. The live program will be webcast (in a listen-only mode) and an archive will be available following the presentation.

Read More »

ICBC says bad loans arising from Qingdao issue below $200 million

Reuters | August 28, 2014 | International Trade | Ports & Terminals

Industrial and Commercial Bank of China suffered under $200 million in bad loans as a results of a suspected fraud in China’s Qingdao port, the lender’s president Yi Huiman said at a media conference in Beijing on Thursday. Read More »

Direct ChassisLink Inc. Announces Acquisition of REZ-1

PR Newswire | August 28, 2014 | Intermodal

Direct ChassisLink Inc., a leading provider of Intermodal Equipment and Services, has announced the acquisition of REZ-1, a provider of domestic intermodal equipment management and services. REZ-1 currently manages over 70,000 assets on its platform across a diverse customer base. Read More »

Australian state to sell around $2 bln in assets as mine boom ends

Reuters | August 28, 2014 | Breakbulk & Projects

The state of Western Australia on Thursday said it planned to sell government-owned assets, including part of the Port Hedland shipping terminal, for an estimated A$1 billion to A$2 billion ($1.9 billion) as its resource-heavy economy adjusts to the collapse of a decade-long mining boom. Read More »

Port of Long Beach Raises Small Business Commitment

AJOT | August 27, 2014 | Ports & Terminals

Port of Long Beach Raises Small Business Commitment

10-year-old program offers opportunity, increases competition Read More »

Greece’s Piraeus Port posts flat profit, sales dip

Reuters | August 27, 2014 | Ports & Terminals

Greece’s Piraeus Port (OLP) , the largest in the country, said its first-half net profit was almost unchanged from the same year-ago period, while sales fell. Read More »

Poland asks EU to act on Russia’s blocking transit of goods

Reuters | August 27, 2014 | International Trade

Poland has asked for European Commission help to keep Russia from blocking Polish shipments of goods through Russian territory, the Polish infrastructure and transport ministry said on Wednesday. Read More »

Union Pacific Railroad Invests $20 Million to Strengthen Kansas’ Transportation Infrastructure

AJOT | August 27, 2014 | Intermodal

Union Pacific Railroad will strengthen Kansas' transportation infrastructure by investing $20 million in the rail line between Topeka and Kansas City, Kansas. The project, funded entirely by Union Pacific without taxpayer dollars, began June 16 and is scheduled to be completed by mid-November. Read More »

Port of New Orleans Sponsors Industry-Defining Agricultural Summit

AJOT | August 27, 2014 | Ports & Terminals

The Port of New Orleans, the number one port for logistics in North America, has signed on as a sponsor for the 9th annual Oilseed & Grain Trade Summit, taking place here October 7-9, 2014, at the Hyatt Regency New Orleans. Read More »

Union Pacific Railroad Begins Double Track Project in Sugar Land

AJOT | August 27, 2014 | Intermodal

Union Pacific Railroad has begun construction on a multi-million dollar project that will extend a second rail line through Sugar Land, Stafford and Missouri City, Texas, as part of an overall plan to improve train operating efficiency. Read More »

Ruslan International and DSV enable mine in Chile to resume full production

AJOT | August 27, 2014 | Air Cargo

Ruslan International and DSV enable mine in Chile to resume full production

One of Ruslan International’s An-124 freighters has successfully completed a race against time to deliver a large replacement ball mill head from Australia to a mining company operating in Chile, enabling full production to be resumed. Read More »

Dearth of oil finds threatens long-term supplies, price

Reuters | August 27, 2014 | Energy | Discovery

The rate of oil discoveries continues to disappoint after a record low last year and firms could even cut their exploration budgets to save on costs, a risk to long-term supplies and prices, industry executives said. Read More »

PMA and ILWU Tentative Agreement Reached on Health Benefits; Negotiations Continue on Other Issues

AJOT | August 27, 2014 | Ports & Terminals

The International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) announced today that they have reached a tentative agreement on terms for health benefits, subject to agreement on the other issues in the negotiations. Read More »

American Special Metals, Corp. Announces Free Delivery

PR Newswire | August 27, 2014 | Intermodal

American Special Metals, Corp. received delivery of new flatbed trucks and will begin service out of the Coral Springs, Florida Distribution Center. Read More »

Shanghai Port’s Q2 net profit down 2.5 percent as China trade eases

Reuters | August 27, 2014 | Ports & Terminals

Shanghai International Port , the operator of the world’s busiest container port, reported earnings on Wednesday that showed its second-quarter net profit fell 2.5 percent in a sign of slowing trade in China. Read More »

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