Shipping containers stuck in Karachi on Afghan-Pakistan trade dispute

AJOT | August 03, 2011 | Ports & Terminals

Nearly 2,500 shipping containers bound for war-ravaged Afghanistan are stuck at Pakistan's Karachi port, officials said, in a wrangle over financial guarantees for the goods as part of a trade transit deal brokered by the United States.

The transit tr Read More »

Steel going strong at the Port of Houston

AJOT | August 03, 2011 | Ports & Terminals

In his monthly report at the July 26 Port Commission meeting, Chief Executive Officer Alec G. Dreyer said that steel continued its strong growth in June, but container operations saw a dip from last year's levels during the short summer lull for customers Read More »

Queue of ships loading Brazil sugar shrinks again

AJOT | August 03, 2011 | Ports & Terminals

The number of ships loading sugar at Brazil's ports or preparing to load shortened again to 56 vessels, shipping agency SA Commodities/Unimar said, roughly half the number queuing a year earlier.

The queue of ships has been shrinking steadily after hi Read More »

International Container withdraws bid for Singapore’s Portek

AJOT | August 03, 2011 | Ports & Terminals

International Container Terminal Services Inc of the Philippines has decided to withdraw its offer to take over Singapore's Portek International, International Container said on Monday in a Singapore Stock Exchange filing.

The decision came after Japa Read More »

GAC USA and Wightman Shipping join forces

AJOT | August 03, 2011 | Ports & Terminals

GAC USA has formed an alliance with Wightman Shipping Co. in the United States of America (USA). Operating as GAC-Wightman Shipping, the collaboration offers shipping services across North-eastern and Mid-Atlantic ports in Philadelphia, New York and Balti Read More »

Port of Odense sets a clear course into the future

AJOT | August 03, 2011 | Ports & Terminals

In May 2011, the Port of Odense received delivery of a new Liebherr mobile harbour crane, type LHM 550. With its impressive total height of 74 meter the crane is more than twice as high as the famous Round Tower in Copenhagen. The strong, ultramodern LHM Read More »

Port Botany project handed over to operator

AJOT | August 03, 2011 | Ports & Terminals

One of the most ambitious port expansion projects in Australia’s history is now just months away from completion.

NSW Ports Minister Duncan Gay today handed over the site of Sydney Ports Corporation’s $1 billion Port Botany Expansion project third con Read More »

Cargill, Agrex agree to Indiana grain terminal

AJOT | August 03, 2011 | Transport Intermediaries

U.S. agribusiness giant Cargill Inc and Agrex, a wholly owned subsidiary of Japan's largest trading company Mitsubishi Corp, announced a joint venture to expand an Indiana grain elevator at a cost to exceed $20 million.

The venture will triple the unl Read More »

Prologis profit beats Street, sees more savings

AJOT | August 03, 2011 | Transport Intermediaries

Prologis Inc, one of the world's largest owners of warehouse and distribution centers, posted better-than-expected results for the second quarter and said rents and occupancy trends were improving.

It also raised its forecast for cost savings from its Read More »

New General Director for DHL Supply Chain Argentina

AJOT | August 03, 2011 | Transport Intermediaries

DHL Supply Chain, a global leader in logistics and sister company to Exel, announced the appointment of Agust'n Croche to general director of DHL Supply Chain Argentina. Croche joined the DHL group in 1997. Since then, he has held positions of increasing Read More »

CRST International acquires Specialized Transportation

AJOT | August 03, 2011 | Transport Intermediaries

CRST International, Inc. has announced the acquisition of Specialized Transportation, Inc. (STI), a leading provider of customized supply chain solutions for products that require high touch support, special handling and equipment, and value added on-site Read More »

Vault Logistics, new 3PL provider, launched by Old Dominion

AJOT | August 03, 2011 | Transport Intermediaries

Old Dominion Freight Line Inc. is expanding its service offerings with the introduction of Vault Logistics, a neutral third-party provider of supply chain solutions.

Vault Logistics unites several existing business units within Old Dominion into an in Read More »

Toll refinances S$1 blllion debt, buys small German firm

AJOT | August 03, 2011 | Transport Intermediaries

Australian logistics firm Toll Holding has refinanced S$1 billion ($831 million) worth of debt to complete its refinancing program started last year with the U.S. private placement of $275 million.

The company added it purchased German ocean forwarder Read More »

CSX investing $15 million for new intermodal terminal in Louisville

AJOT | August 03, 2011 | Intermodal

CSX has announced that a privately-funded $15 million, 34-acre intermodal terminal will be constructed in Louisville, Kentucky. The terminal, which is slated to begin operations in early 2012, will provide efficient, economical and environmentally-friendl Read More »

FTR’s trucking conditions index remains in modestly positive territory

AJOT | August 03, 2011 | Intermodal

FTR's June Trucking Conditions Index, as reported in the August Trucking Update, rose slightly to a reading of 7.7 from 7.3 in May. The reading is expected to remain in modestly positive territory until Q4 when it likely will resume climbing fueled by a c Read More »

Averitt rolls out enhanced online rate quoting where shippers can see guaranteed delivery…

AJOT | August 03, 2011 | Intermodal

Shippers seeking rate quotes from http://www.averittexpress.com now have instant access to guaranteed delivery rates in addition to standard delivery quotes. Averitt introduced the new service in order to address shippers' needs for expedited delivery. Read More »

British police step up nationwide war on metals theft

AJOT | August 03, 2011 | Intermodal

British police raided scrap yards in a nationwide campaign on Friday after steeply climbing prices of metals like copper led to a 26 percent rise in thefts this year, causing huge economic losses from halted trains and power blackouts.

Authorities are Read More »

Genesee & Wyoming Q2 beats expectations

AJOT | August 03, 2011 | Intermodal

Genesee & Wyoming Inc., which owns and operates short line and regional railroads, reported better-than-expected quarterly earnings, helped by a 70 percent rise in freight revenue.

The Greenwich, Connecticut-based company also said it agreed to buy t Read More »

Heartland Express earns FedEx Express Carrier of the Year for 2011

AJOT | August 03, 2011 | Intermodal

Heartland Express, Inc. of Iowa announced it has received two service awards from FedEx Express for fiscal year 2011 (period June 1, 2010 through May 31, 2011). Heartland is the recipient of both the FedEx "Core Carrier of the Year" award and the "Gold Aw Read More »

RWI Transportation promotes Adams to Senior Director of Operations

AJOT | August 03, 2011 | Intermodal

RWI Transportation, an asset-based logistics company that provides regional and national truckload, LTL, expedited, and refrigerated warehousing services, announced that John Adams has been named senior director of operations. Read More »