Ports operator DP World sees higher H1 profit

AJOT | July 25, 2011 | Ports & Terminals

DP World , the world's third-largest ports operator, expects a "significant improvement" in first-half profit after container volumes rose 11 percent, helped by growth in Asia and the United Arab Emirates.

The ports operator also expects full-year res Read More »

Lyttelton Port of Christchurch marks five years of operation and customer service improvements…

AJOT | July 25, 2011 | Ports & Terminals

Lyttelton Port of Christchurch marks five years of operation and customer service improvements using SPARCS N4 Navis, a part of Cargotec Corporation and the global technology standard for managing the movement of cargo through terminals, today announced Read More »

Kerry Logistics expands network in the UK acquiring two freight forwarding companies

AJOT | July 25, 2011 | Transport Intermediaries

Kerry Logistics, a leading global provider of freight and logistics services, has acquired two freight forwarding companies in the United Kingdom; Bergen Freight Forwarding Limited ("Bergen") based in Manchester in the North West of England and Regency Fo Read More »

IES, Ltd. helps importer take a big step from Shenzhen to store

AJOT | July 25, 2011 | Transport Intermediaries

The first containers are being off-loaded in the United States following a major rollout of IES technology in Shenzhen. This launch has resulted in a 63% increase in volume and 50% time savings versus the same period i Read More »

Purolator International announces opening of new Minneapolis/MSP branch as part of US/International

AJOT | July 25, 2011 | Transport Intermediaries

Purolator International, the leading provider of U.S. - Canada logistics services and subsidiary of Canada's largest logistics provider, Purolator Inc., announces the opening of a new Minneapolis/MSP facility as part of its US/International expansion. The Read More »

ATA truck tonnage index jumped 2.8% in June

AJOT | July 25, 2011 | Intermodal

The American Trucking Associations' advance seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 2.8% in June after decreasing a revised 2.0% in May 2011. May's drop was slightly less than the 2.3% ATA reported on June 27, 2011. The latest gain Read More »

Southeastern Freight Lines receives LTL Carrier of the Year Award from Rheem Water Heating

AJOT | July 25, 2011 | Intermodal

Southeastern Freight Lines, a regional less-than-truckload (LTL) transportation services provider, has earned the 2010 LTL Carrier of the Year award by Rheem Water Heating Division for the second year in a row.

Additionally, Southeastern received the Read More »

Union Pacific sees rail oil shipments quadrupling

AJOT | July 25, 2011 | Intermodal

Union Pacific Corp, the largest publicly held U.S. railroad, said it it expects to quadruple the amount of oil it carries this year from the Bakken shale formation in North Dakota to U.S. Gulf Coast refineries.

"We'll probably quadruple the amount thi Read More »

CN Rail second-quarter earnings rise 4%

AJOT | July 25, 2011 | Intermodal

Canadian National Railway Co reported a 4 percent increase in quarterly earnings on Monday as freight volumes rose and revenues increased across commodity groups.

The increase in earnings came despite difficulties including floods in Western Canada, f Read More »

Vitran Q2 lags Street on weak US operations

AJOT | July 25, 2011 | Intermodal

Canadian trucking company Vitran Corp posted a wider-than-expected quarterly loss, despite a 23 percent rise in revenue, hurt partly by weakness in its U.S. operations.

"Our U.S. LTL (less than truckload) operation had a significant challenge working Read More »

YRC completes restructuring, appoints new CEO

AJOT | July 25, 2011 | Intermodal

U.S. trucker YRC Worldwide Inc named transportation industry veteran James Welch as its new chief executive, effective immediately, and revamped its board after completing a financial restructuring.

Welch, who has more than 30 years of experience in t Read More »

Kansas City Southern Q2 profit rises

AJOT | July 25, 2011 | Intermodal

U.S. railroad company Kansas City Southern reported higher quarterly results driven by robust auto, intermodal and coal segments, and said revenue growth in the second half would surpass the first half.

Midwest flooding disrupted traffic for some of t Read More »

Apple juggernaut to see more China gains as telcos ring deals

AJOT | July 25, 2011 | International Trade

Apple is set to exponentially grow its China business as the country's No.1 and No.3 telecom operators jostle to stitch up deals to sell iPhones in the world's largest mobile phone market, home to more than 900 million subscribers.

China Unicom is the Read More »

Under debt shadow, Clinton to push Asia on trade

AJOT | July 25, 2011 | International Trade

U.S. Secretary of State Hillary Clinton will urge Asia to embrace "open, free, transparent and fair" global trade rules in a speech overshadowed by fears of a catastrophic U.S. debt default.

U.S. officials said Clinton will use her speech to business Read More »

Mexico posts $308 adjusted trade deficit in June

AJOT | July 25, 2011 | International Trade

Mexico posted a trade deficit in June, weighing on the economy as growth in factory exports trended lower, the national statistics agency said.

The trade deficit was $308 million in June when adjusted for seasonal swings, down from a $340 million defi Read More »

GE tops Wall Street estimates on overseas demand

AJOT | July 25, 2011 | International Trade

General Electric Co notched a better-than-expected 21.6 percent rise in earnings, helped by strong demand for jet engines as well as equipment used in oil and natural gas production.

The largest U.S. conglomerate said on Friday its second-quarter resu Read More »

India closer to opening up multi-brand retailers

AJOT | July 25, 2011 | International Trade

India took an important step towards opening up its $450 billion retail sector to foreign players such as U.S.-based Wal-Mart, a move seen aimed at tackling supply bottlenecks and high food price inflation.

A majority of members of a committee of top Read More »

Russia to keep farm subsidies after WTO entry

AJOT | July 25, 2011 | International Trade

President Dmitry Medvedev said that Russia will not withdraw state subsidies for farmers if it joins the WTO, which Moscow hopes will happen later this year after 18 years of accession talks.

Russia is the biggest economy outside the World Trade Organ Read More »

Chinese city orders two fake Apple Stores to close

AJOT | July 25, 2011 | International Trade

Chinese officials in Kunming have ordered two fake Apple shops to close, not because of piracy or copyright concerns, but because the stores in the southwestern city did not have an official business permit.

Five self-branded "Apple Stores" were found Read More »

Train crash could curb China rail equipment exports

AJOT | July 25, 2011 | International Trade

A deadly train crash in China over the weekend has raised concerns about the safety of the country's fast-growing rail network and threatens to undermine its plans to export high-speed train technology.

The concerns were enough to push share prices do Read More »