Russia rules out compromise trade deal with Ukraine

AJOT | August 24, 2011 | International Trade

Russian President Dmitry Medvedev ruled out a compromise deal with Ukraine which would have allowed Kiev to pursue free trade pacts with the European Union and a Russian-led regional bloc.

Medvedev said that to secure access to Russia's market and a m Read More »

Evergreen Line boosts refrigerated fleet with energy efficient PrimeLINE’ units from Carrier Transic

AJOT | August 24, 2011 | Liner Shipping

With its latest order for 4,000 PrimeLINE' refrigeration units from Carrier Transicold, Evergreen Line, one of the world's largest container shipping companies, has tripled its initial investment in a unit that leads the industry in energy efficiency. Car Read More »

China COSCO seeks to reassure shipowners over unpaid bills

AJOT | August 24, 2011 | Liner Shipping

China COSCO Holdings, the country's top shipping company, sought to reassure investors that negotiations with shipowners over unpaid bills would be resolved and its business remained strong.

COSCO's decision to halt payments to several shipowners in t Read More »

Safmarine enhances its Europe - West Africa service portfolio

AJOT | August 24, 2011 | Liner Shipping

Safmarine has reshuffled a number of its existing West Africa shipping services and introduced three new services - the WAF11, WAF12 and WAF13 ' as part of its revised West Africa service portfolio.

According to Dirk Geens, Safmarine's Africa Trade Di Read More »

Grindrod H1 profit falls, exchange rates a worry

AJOT | August 22, 2011 | Breakbulk & Projects

Africa's biggest shipping company Grindrod posted a 42 percent decline in first-half profit, hit by weak freight rates and unfavourable swings in currencies.

The South African-based company, whose ships haul raw materials such as iron ore, cement and Read More »

Steder Group sends complete dredger accross the Atlantic

AJOT | August 22, 2011 | Breakbulk & Projects

Steder Group B.V., a member of the Worldwide Project Consortiumm WWPC for The Netherlands, executed the complete mobilization for a dredging project in from The Netherlands to Sydney, Nova Scotia.

All components for the huge dredger were consolidated Read More »

Murmansk port up for auction after sale collapses

AJOT | August 22, 2011 | Ports & Terminals

Murmansk Commercial Sea Port was put up for sale by its owners after a failed attempt to sell it for $250 million to trader Gennady Timchenko, sources close to the sale told Reuters.

"The port is up for grabs after Timchenko quit," a source close to t Read More »

Germany seizes 5 million euros of cocaine in major haul

AJOT | August 22, 2011 | Ports & Terminals

German police said they had detained seven men suspected of smuggling an estimated 5 million euros worth of cocaine, in one of the country's largest ever strikes against drug trafficking.

Police said some 100 kg of cocaine was intercepted in Berlin. T Read More »

Cascade Sierra Solutions to manage new clean ports programs

AJOT | August 22, 2011 | Ports & Terminals

Heavy duty diesel trucks typically pass through a progression of owners as they age, often operating at seaports toward the end of their useful lives. These older trucks are the least fuel efficient and produce more air pollution than newer models. So, ma Read More »

PRPA expresses condolences over deaths of two longshoremen

AJOT | August 22, 2011 | Ports & Terminals

Philadelphia Regional Port Authority (PRPA) Chairman Charles G. Kopp, Executive Director James T. McDermott, Jr., and the entire PRPA staff express their sincere condolences to the families and colleagues of Carmen DiRago and Vernon Knight, two Internatio Read More »

Kerry Logistics targets automotive sector at New Hefei Logistics Center

AJOT | August 22, 2011 | Transport Intermediaries

Kerry Logistics has opened a 215,000-square-foot logistics center in Hefei, China, for the growing automotive industry sector in Anhui Province, directly west of Shanghai in central China.

The logistics center has been customized to serve a rapidly in Read More »

Averitt Expands warehousing capabilities with premium storage and processing space in…

AJOT | August 22, 2011 | Transport Intermediaries

Averitt Express recently expanded warehouse operations in Marietta, Ga., Greenville, N.C., and McAllen, Texas, to meet customer needs for flexible shared warehouse space. Read More »

RWI Transportation promotes Savage to Director, Logistics Services

AJOT | August 22, 2011 | Transport Intermediaries

RWI Transportation, an asset-based logistics company that provides regional and national truckload, LTL, expedited, and refrigerated warehousing services, announced that Robert Savage has been promoted to director, logistics services. Read More »

CEVA’s Alaska Advantage service energizes domestic oil and gas industry

AJOT | August 22, 2011 | Transport Intermediaries

CEVA Logistics, a leading global supply chain management company, announced the launch of its Alaska Advantage service offering energy companies an end-to-end supply chain solution in and out of Alaska.

CEVA's domestic organization launched Less than Read More »

Weber Logistics partners with leading candy manufacturer Storck

AJOT | August 22, 2011 | Transport Intermediaries

Weber Logistics, a leading third party logistics and supply chain management provider for more than 86 years, announced that it recently partnered with Storck to distribute more than one million cases of such popular brands as Riesen, Werthers, Mamba, Me Read More »

Damco reports positive 2011 half year result in challenging market environment

AJOT | August 22, 2011 | Transport Intermediaries

Damco , one of the world's leading providers of freight forwarding and supply chain management solutions, continues to improve its financial performance. The global logistics company, which has reported improved operations and year-on-year results in both Read More »

Rails, not pipes, may balance distorted oil market

AJOT | August 22, 2011 | Intermodal

U.S. crude oil shipments by railroad could help to end gaping price distortions in world oil markets faster than most traders have been expecting.

Rail shipments of crude from the landlocked and oversupplied Midwest to refiners in the Gulf Coast appea Read More »

Con-way Freight named LTL Carrier of the Year by Whirlpool

AJOT | August 22, 2011 | Intermodal

Con-way Freight, a less-than-truckload (LTL) carrier and subsidiary of Con-way Inc., announced that it has been named LTL Carrier of the Year by Whirlpool Corporation (NYSE: WHR), the world's leading manufacturer and marketer of major home appliances. Read More »

Old Dominion announces rate increase

AJOT | August 22, 2011 | Intermodal

Todd Polen, vice president of pricing for Old Dominion Freight Line Inc., announced that the organization would be increasing its base rates effective Sept. 6, 2011. Read More »

ATA truck tonnage Index fell 1.3% in July

AJOT | August 22, 2011 | Intermodal

The American Trucking Associations' advance seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 1.3% in July after rising a revised 2.6% in June 2011. June's drop was slightly less than the 2.8% ATA reported on July 26, 2011. The latest pullb Read More »