FTR Shippers Condition Index improves for second consecutive month

AJOT | July 18, 2011 | Intermodal

FTR Associates' Shippers' Condition Index (SCI) has moved upward again this month, signifying improving conditions for shippers. The current SCI as reported in the firm's July Shippers Update rose to a reading of -3.6 from the -5.4 reported last month. W Read More »

Mongolia exports rise 52% in H1, mostly to China

AJOT | July 18, 2011 | International Trade

Exports from landlocked Mongolia rose 52.3% in the first half of 2011 to a total value of $2 billion, with 90 percent of the total delivered to its dominant southern neighbour China, according to official data.

Mineral resources accounted for the bulk Read More »

Russia allows Polish vegetable imports

AJOT | July 18, 2011 | International Trade

Russia will permit the resumption of vegetable imports from Poland, the Interfax news agency cited the head of Russia's consumer protection agency as saying.

Russia banned imports of raw vegetables from the European Union on June 2 due to a deadly E.c Read More »

China forces EU to rewrite rules in first WTO win

AJOT | July 18, 2011 | International Trade

China won its first victory against the European Union at the World Trade Organization on Friday in a case that could thwart further EU anti-dumping claims until there is a change in European trade law.

The EU came off worst after accusing China of fl Read More »

LAN CARGO affiliate opens cargo warehouse in Latin America

AJOT | July 18, 2011 | Air Cargo

LAN CARGO's affiliate in Colombia, Linea Aerea Carguera de Colombia S.A. (LANCO) opened a 65,121 sq. ft. (6,050 m2) facility today at the El Dorado Airport in Bogota. Through this investment, LANCO is committed to maintaining the safest and most modern w Read More »

Turkish Cargo chooses Budapest Airport as new freighter destination

AJOT | July 18, 2011 | Air Cargo

Budapest Airport announces a further enhancement of its air cargo traffic network, thanks to the launch of a new freighter service by Turkish Cargo.

Turkish Cargo, Turkish airline's freight division, will operate a scheduled weekly A310 freighter serv Read More »

China’s HNA in bid for GE container leasing company

AJOT | July 18, 2011 | Air Cargo

HNA Group, China's fourth-largest airline group, has emerged as a front-runner to buy General Electric Co's co-owned container leasing business GE SeaCo, the Financial Times reported. Read More »

Cleartrade, Drewry to launch container index

AJOT | July 18, 2011 | Liner Shipping

Drewry Shipping Consultants and Cleartrade Exchange will launch a Europe-based container index in September, providing weekly freight rates that shippers can use to hedge against future risk, though top companies will likely not participate. Read More »

Safe Bulkers to buy up to 10 ships next year

AJOT | July 14, 2011 | Breakbulk & Projects

Safe Bulkers Inc , the fourth-largest U.S.-listed dry bulk carrier by market value, may buy up to 10 vessels next year as the weak market promises cheap bargains, its top executive said.

The company expects the new vessels to start operating by 2013, Read More »

ICTSI studying options on Portek bid

AJOT | July 14, 2011 | Ports & Terminals

The Philippines' International Container Terminal Services Inc (ICTSI) said it was studying its options on its takeover bid for Singapore's Portek International Ltd after Japan's Mitsui & Co gave a higher offer.

Mitsui said it had an agreement to acqu Read More »

PortofGraysHarbor.com receives honor in AAPA’s 2011 Communications Award Program

AJOT | July 14, 2011 | Ports & Terminals

The American Association of Port Authorities (AAPA), a trade group representing leading port authorities throughout the Western Hemisphere, has selected 20 seaports to be recognized for exemplary communication projects at its annual awards event later thi Read More »

Bunker levy passes the buck on tackling climate change, says BSC


AJOT | July 14, 2011 | Ports & Terminals

At its quarterly meeting held in London, the British Shippers Council (BSC) – a democratic arm of the UK’s Freight Transport Association – resolutely rebuffed proposals to impose a bunker levy on shippers to fund environmental compensation schemes. The C Read More »

EBay, Newell Rubbermaid invest in Shipwire

AJOT | July 14, 2011 | Transport Intermediaries

EBay Inc invested in logistics provider Shipwire, according to a statement, the latest example of the e-commerce company's push to add more services for merchants moving online.

Newell Rubbermaid Inc invested alongside EBay. The two companies join exi Read More »

Pilot Freight Services opens first location in Europe

AJOT | July 14, 2011 | Transport Intermediaries

Pilot Freight Services, a worldwide provider of transportation and logistics services, announced that it has opened a station in Amsterdam, Netherlands. This new location marks the first company-owned station fo Read More »

CP reopens flooded railway line in North Dakota

AJOT | July 14, 2011 | Intermodal

Canadian Pacific Railway Ltd has reopened its flooded mainline track running from southern Saskatchewan through North Dakota, five days earlier than it expected, a CP spokesman said.

The track around the city of Minot in north-central North Dakota, wa Read More »

DB Schenker Rail UK awarded SQAS safety certificate

AJOT | July 14, 2011 | Intermodal

Safety systems and processes for the transportation by rail freight of chemicals and petrol at DB Schenker Rail (UK) Ltd have been recognized by the award of a SQAS (Safety and Quality Assessment System) certificate to the company.

SQAS is a system us Read More »

JB Hunt Q2 profit, revenue rise

AJOT | July 14, 2011 | Intermodal

J.B. Hunt Transport Services Inc reported record quarterly earnings and met Wall Street forecasts, with double-digit growth in three of its four segments.

The freight transport company's intermodal segment, its largest, had the most robust profit grow Read More »

China pledges equal domestic and export rare earth policies

AJOT | July 14, 2011 | International Trade

China said it will meet World Trade Organization rules by applying the "same policies" to domestic and overseas rare earth companies, a day after the United States and Europe slammed China on its new quotas of the highly sought minerals.

"China will, Read More »

EU, Canada trade pact stalls on public services

AJOT | July 14, 2011 | International Trade

Talks about a free-trade pact between Europe and Canada stalled this week as negotiators disagreed on how to open public contracts and services markets to each other's operators.

It now seems unlikely a pact that could add billions to annual income an Read More »

Russia will not make WTO concessions on cars

AJOT | July 14, 2011 | International Trade

Prime Minister Vladimir Putin said Russia will not give up its new rules for vehicle assembly for major global manufacturers in order to win entry into the World Trade Organization.

The new rules, already accepted by companies such as General Motors , Read More »