Maersk first quarter tops forecast

AJOT | May 12, 2011 | Liner Shipping

A.P. Moller-Maersk reported first-quarter net profit at the top end of expectations, helped by higher than expected freight rates and buoyant oil prices.

They reiterated that 2011 earnings would be lower than 2010 and also repeated guidance for a "sat Read More »

Carrier expands service to Australia and New Zealand
PIL’s new route should aid exporters

AJOT | May 12, 2011 | Liner Shipping

Pacific International Lines has announced it is expanding its China Transpacific Service string to include ports in Australia and New Zealand on its westbound leg. Read More »

China to expand Yangtze shipping by 2015

AJOT | May 04, 2011 | Breakbulk & Projects

Bulk freighters will be able to avoid congestion around Shanghai and sail up China's Yangtze River as far as Nanjing under a $2.7 billion plan to deepen the navigation channel by 2015, Xinhua News Agency reported.

The river would be navigable for ship Read More »

Rickmers-Linie upgrades Indian service 
with the addition of new vessels

AJOT | May 04, 2011 | Breakbulk & Projects

Rickmers-Linie, the German liner specialist for project cargoes and heavy lifts, is upgrading its Indian service with the addition of new vessels. It will also provide a direct service both eastbound and westbound between Europe and India although calls i Read More »

Belgium finds radiation on containers from Japan

AJOT | May 04, 2011 | Ports & Terminals

Belgium's radiation safety regulator has discovered radiation levels surpassing European Union limits on a shipping container from Japan, the agency said.

The agency is decontaminating the container after it found radiation from Cesium-137 being emitt Read More »

World’s largest roll-on/roll-off ship comes to Port of Baltimore

AJOT | May 04, 2011 | Ports & Terminals

The largest roll-on/roll-off ship in the world visited the Port of Baltimore on Sunday, May 1 and Monday, May 2. Operated by Wallenius Wilhelmsen Logistics, the Tonsberg, with 4.87 million cubic feet of available space for autos, farm and construction eq Read More »

Kenya’s Mombasa port 2010 cargo volume up 12%

AJOT | May 04, 2011 | Ports & Terminals

Container traffic through Kenya's main port, serving several countries in the region, grew by 12 percent in 2010 on the back of a resurgent global economy, its operator said.

Traffic through Mombasa port is watched as an indicator of activity in the r Read More »

Santos Brasil orders 12 Kalmar all-electric E-One2 RTGs

AJOT | May 04, 2011 | Ports & Terminals

Cargotec has received a further order from Santos Brasil S/A for 12 Kalmar E-One2 rubber-tyred gantry (RTG) cranes. The agreement confirms one of South America's leading container terminal operators as the biggest customer of Kalmar E-One RTGs worldwide t Read More »

CSX to split stock, raise dividend, buy shares

AJOT | May 04, 2011 | Intermodal

CSX Corp announced a 3-for-1 stock split, a 38 percent quarterly dividend increase and a $2 billion share repurchase program.

The quarterly dividend was raised to 36 cents, or 12 cents per share on a post-split basis. It is payable on June 15 for hold Read More »

FTR’s trucking conditions index continues upward trend

AJOT | May 04, 2011 | Intermodal

FTR's Trucking Conditions Index, as reported in the May Trucking Update, rose to 13.30 in March from a February reading of 9.92. A key driver for the improvement in the TCI was the ability of carriers to garner higher rates as industry capacity tightened. Read More »

GE railcar leasing unit for sale

AJOT | May 04, 2011 | Intermodal

General Electric Co has put its railcar leasing business up for sale, its second attempt in three years to offload a business that could be worth more than $3 billion, a source familiar with the situation.

GE, the largest U.S. conglomerate, has hired Read More »

Spatafore named rail industry’s top environmentalist

AJOT | May 04, 2011 | Intermodal

CSX Transportation commended Richard J. Spatafore, division engineer, Jacksonville, for receiving the 2010 Association of American Railroads' John H. Chafee Environmental Excellence Award. CSX nominated Spatafore for the award, named for the late Rhode Is Read More »

Business pushes US Congress to clear bigger trucks

AJOT | May 04, 2011 | Intermodal

Manufacturers, retailers, and other businesses are quietly working with truckers in renewing a push for U.S. government permission to operate bigger and heavier rigs, to the dismay of unions and safety advocates.

Lobbying coalitions for hundreds of co Read More »

Logistic Services Danubius is now DB Schenker Rail Romania

AJOT | May 04, 2011 | Intermodal

Logistic Services Danubius SRL was renamed DB Schenker Rail Romania SRL in Bucharest.

"It is now clear to the outside world that the company is part of our European DB Schenker Rail network," announced Hans-Georg Werner, Member of the Management Board Read More »

Xata partners with ZoomSafer to help fleets ability to manage driver safety and compliance

AJOT | May 04, 2011 | Intermodal

Xata Corporation, the leader in trucking compliance and fleet optimization software, today announced it is integrating and reselling ZoomSafer's award-winning software, FleetSafer Mobile and FleetSafer Vision, both of which can be customized to a fleet's Read More »

Con-way profit beats estimates

AJOT | May 04, 2011 | Intermodal

U.S. trucking and logistics company Con-Way Inc reported quarterly profit well above estimates, and said improved pricing and fuel surcharges boosted revenue.

Con-way reported net first-quarter profit of $6.9 million, or 12 cents per share, compared w Read More »

Wal-Mart to spend $759 mlllion in Brazil this year

AJOT | May 04, 2011 | International Trade

Wal-Mart Stores Inc , the world's biggest retailer, will invest 1.2 billion reais ($759 million) in Brazil this year to tap buoyant consumer demand in Latin America's largest economy, the unit's top executive.

Wal-Mart Brasil Chief Executive Marcos Sa Read More »

US says no decision yet on trade votes timing

AJOT | May 04, 2011 | International Trade

The Obama administration is ready to begin work with Congress on bills to implement free trade pacts with Colombia, South Korea and Panama but no decision has been made yet on the timing or sequencing of votes, a senior administration official said. Read More »

Paccar plans $200 mlllion truck factory in Brazil

AJOT | May 04, 2011 | International Trade

Paccar Inc plans to invest around $200 million over two years to build a truck factory in Brazil, Valor Economico newspaper reported. Read More »

South Korea parliament approves EU free trade bill

AJOT | May 04, 2011 | International Trade

South Korea's parliament approved a free trade bill with the European Union on Wednesday, clearing the last obstacle for the pact to take effect in July that is expected to boost the value of trade in goods between them to about 100 billion euros.

A t Read More »