Maritime Administrator Matsuda signs $241 million federal guarantee for Panama City Shipyard


AJOT | April 27, 2011 | Ports & Terminals

US Maritime Administrator David Matsuda announced a $241 million loan guarantee that will allow the Eastern Shipbuilding Group of Panama City, FL, to build five platform supply vessels (PSVs) for export to Brazil, to provide service in new deepwater oil f Read More »

Port Commission of the Port of Houston approves $20 million for security contracts

AJOT | April 27, 2011 | Ports & Terminals

The Port Commission of the Port of Houston Authority awarded $20 million for security-related contracts, including installation of fiber optic cable, TWIC implementation and security gate services, among several matters approved during the April 26 meetin Read More »

China’s trucker strike highlights worries for government

AJOT | April 27, 2011 | Ports & Terminals

Fan is unskilled, uneducated and unhappy. He also frightens the Chinese government.

The 28-year-old was among the roughly 2,000 truck drivers who went on strike last week in Shanghai to complain about ever rising costs, the issue that China's leaders Read More »

Georgia’s deepwater ports welcome world’s largest roll-on/roll-off vessel

AJOT | April 27, 2011 | Ports & Terminals

The Georgia Ports Authority (GPA) welcomed the largest RoRo (Roll-on / Roll-off) vessel ever to call Georgia's deepwater ports when the M/V Tønsberg, operated by Wallenius Wilhelmsen Logistics (WWL), docked at the Port of Brunswick's Colonel's Island Term Read More »

Vitran reports improved 2011 first quarter results

AJOT | April 27, 2011 | Intermodal

Vitran Corporation Inc., a North American transportation and supply chain firm, announced financial results for the first quarter of 2011, the three-month period ended March 31, 2011 (all figures reported in $U.S.).

Vitran reported a 18.0% increase in Read More »

Con-way Inc. names Krull Executive VP, General Councel & Secretary

AJOT | April 27, 2011 | Intermodal

Con-way Inc. announced that Stephen K. Krull has been named executive vice president, general counsel and secretary.

Krull, 46, joins Con-way from Toledo, Ohio-based Owens Corning, where he most recently served as senior vice president, general counse Read More »

National Carriers chooses Blue Tree Systems

AJOT | April 27, 2011 | Intermodal

Blue Tree USA, a provider of fleet management, reefer monitoring and trailer tracking solutions, announced that National Carriers Inc. has signed a contract to install the R:COM Fleet Management System on its entire fleet of tractors and refrigerated trai Read More »

ATA truck tonnage Index rose 1.7% in March

AJOT | April 27, 2011 | Intermodal

The American Trucking Associations' advance seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1.7 percent in March after falling a revised 2.7 percent in February 2011. The latest gain put the SA index at 115.4 (2000=100) in March, which was Read More »

Arkansas Best posts wider Q1 loss on weak pricing

AJOT | April 27, 2011 | Intermodal

Arkansas Best Corp posted a wider-than-expected quarterly loss, hurt by higher fuel costs amid a weak pricing environment, but the U.S. trucking company said its business was stabilizing with the upturn in the economy.

As the economy improves, shipper Read More »

NASSTRAC announces 2011 Member of the Year Awards

AJOT | April 27, 2011 | Intermodal

NASSTRAC recently announced that Chris Norek, Ph.D. and founding Senior Partner with Chain Connectors, Inc., an Atlanta-based supply chain consulting boutique which focuses on training and education of both large enterprises and SMBs, has been named the 2 Read More »

ABF earns second consecutive National LTL Carrier of the Year Award

AJOT | April 27, 2011 | Intermodal

For the second consecutive year, ABF' has been named National LTL Carrier of the Year by the National Shippers Strategic Transportation Council (NASSTRAC). The company was recognized during the NASSTRAC Conference and Expo in Orlando, Florida, April 17-20 Read More »

Russia metals exporters face rail constraints

AJOT | April 27, 2011 | Intermodal

Russian metals firms seeking to increase exports to China and other Asian buyers face an uphill struggle as they grapple with infrastructure constraints on Soviet-era rail lines in Siberia and the Far East.

Russia's two main rail lines in the region, Read More »

CN reports Q1-2011 net income of C$668 million

AJOT | April 27, 2011 | Intermodal

CN reported its financial and operating results for the first quarter ended March 31, 2011.

Claude Mongeau, president and chief executive officer, said: "Despite a very challenging winter, CN produced a solid first-quarter performance thanks to furthe Read More »

Ryder profit jumps in first quarter

AJOT | April 27, 2011 | Intermodal

Trucking and logistics company Ryder System Inc said its quarterly net profit doubled on improved commercial rentals and used vehicle sales.

The company said its first-quarter net profit amounted to $25.1 million, or 48 cents per share, compared with Read More »

South Korea FM sees end of tunnel for FTA with EU

AJOT | April 27, 2011 | International Trade

South Korea's foreign minister said the country's free trade deal with the European Union would be ratified, which will create one of the world's largest trading blocs free of import duties.

The Trade Ministry in Seoul had pulled a text of the deal fr Read More »

US lawmakers say got assurances from China on yuan

AJOT | April 27, 2011 | International Trade

US Senate Majority Leader Harry Reid and other U.S. lawmakers back from a trip to Beijing said they had been assured China would allow its currency to continue to rise against the U.S. dollar.

"Chinese officials confirmed that China would continue the Read More »

Does corporate America kowtow to China?

AJOT | April 27, 2011 | International Trade

Even when American manufacturers do successfully pursue cases alleging unfair competition they may not come out on top. A case can cost around $1 million in legal fees, and often takes more than a year plus a lot of management time that could be spent mor Read More »

South Korea GDP expands on export boom

AJOT | April 27, 2011 | International Trade

South Korea's economy grew at its fastest pace in three quarters in January-March thanks to robust exports, but sluggish domestic demand is posing a dilemma for policymakers who are struggling to balance sustainable growth against mounting inflation risks Read More »

Irish exports rise to 3-year high

AJOT | April 27, 2011 | International Trade

Irish exports rose to a three-year high in February according to data released on that gave an early indication the country is on track to return to economic growth this year.

With domestic demand still falling, Ireland is relying on its trade-depende Read More »

Supreme Court allows Delhi Airport to charge development fee

AJOT | April 27, 2011 | Air Cargo

India's Supreme Court has allowed Delhi International Airport Ltd (DIAL) to continue charging airport development fee as per the approval granted to DIAL by the Airport Economic Regulatory Authority, according to a statement by the GMR Group. Read More »