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Chang Jiang Shipping Group Phoenix unit faces asset liquidation

Reuters | April 14, 2014 | Breakbulk & Projects

A Chinese court has ordered a unit of debt-laden dry bulk goods shipper Chang Jiang Shipping Group Phoenix Co Ltd to liquidate its assets, displaying further evidence of the troubles faced by the country's beleaguered shippers. Read More »

CN Rail to reach weekly grain volume target

Reuters | April 14, 2014 | Intermodal

Canadian National Railway Co, the country's biggest railroad, this week will reach the minimum weekly grain volume ordered by the government, easing a massive crop jam, Chief Executive Claude Mongeau said. Read More »

Guinea iron ore miners years away from using Liberian railway

Reuters | April 14, 2014 | Intermodal

Mining companies in Guinea such as Sable Mining, who need a means to begin exporting iron ore, will have to wait years to make use of an existing rail link through Liberia, the railway's operator ArcelorMittal said. Read More »

Australia’s Padbury secures funding for $6 billion port

Reuters | April 14, 2014 | Ports & Terminals

Australia's Padbury Mining Ltd said it had secured almost $6.5 billion in funding to build a new port and associated railway at Oakajee in Western Australia, potentially opening a new export hub for the region's iron ore riches. (Reuters) Read More »

Warehouse firm Yupei attracts investment from RRJ, Temasek’s SeaTown

Reuters | April 14, 2014 | Intermodal

Shanghai Yupei Group said private equity firm RRJ Capital and SeaTown, a unit of Singapore state investor Temasek Holdings TEM.UL, have agreed to invest $250 million in the Chinese logistics company. Read More »

Globe Express Services appoints Molettias Managing Director, Asia Pacific

AJOT | April 14, 2014 | Transport Intermediaries

Globe Express Services® (GES), a top 100 global logistics provider with a total market presence in over 80 countries, proudly announces the appointment of Fulvio Moletti to Managing Director, Asia Pacific.  Read More »

Unishippers Global Logistics reports record monthly revenue of $40 million in March

AJOT | April 14, 2014 | Transport Intermediaries

For the first time in its over 25 year history, Unishippers Global Logistics, LLC, the nation's first and one of the largest small package and freight shipping resellers, broke $40 million in monthly revenue in March of 2014 and overall, the company grew by 13.5 percent in revenue over the same period last year. Read More »

Con-way Freight to deploy trailer skirts to improve fuel efficiency, reduce carbon footprint

AJOT | April 14, 2014 | Intermodal

Con-way Freight, a less-than-truckload (LTL) carrier and subsidiary of Con-way Inc., announced it is outfitting its line haul trailer fleet with DuraPlate® AeroSkirts® to increase overall fleet fuel efficiency and reduce carbon emissions. Read More »

Averitt earns LTL Gold Award nod from Dick’s Sporting Goods

AJOT | April 14, 2014 | Intermodal

In just three short years, Averitt Express has gone from being a new carrier for Dick’s Sporting Goods to earning the national retailer’s 2013 Gold Award in the less-than-truckload (LTL) category. Read More »

NASSTRAC names Old Dominion 2014 Carrier of the Year

AJOT | April 14, 2014 | Intermodal

NASSTRAC recently named Old Dominion Freight Line, Inc. its 2014 Carrier of the Year in the Multi Regional LTL category. This is the company’s second consecutive year to receive the honor. Read More »

American Air Cargo completes safe return of gold to Bogota

AJOT | April 14, 2014 | Air Cargo

American Airlines Cargo has completed the safe return of more than 200 pieces of gold and ancient artifacts from London to the Museo del Oro in Bogotá, Colombia.  Read More »

E-commerce growth creates compliance challenge for global mail parcels

AJOT | April 14, 2014 | Air Cargo

Mail parcel volumes, growing because of e-commerce, are creating further challenges for pending Advance Data Filing regulations, Douglas Brittin Secretary General, TIACA, advised a meeting of postal organizations last week. Read More »

Private money, public projects: More U.S. states doing deals

Reuters | April 14, 2014 | Intermodal | Ports & Terminals

Visitors to New York who land at LaGuardia Airport could be forgiven for not realizing they’ve arrived in one of the world’s swankiest cities. Read More »

Drummond building barge wrecked in Colombia; some diesel spillage

Reuters | April 13, 2014 | Ports & Terminals

A barge carrying construction materials for U.S.-based Drummond Co Inc, Colombia’s second biggest coal miner, was shipwrecked at the company’s port late last week, the company said on Sunday, causing leakage of some diesel fuel into the sea. Read More »

Kuryla confirmed as PortMiami’s new Director

AJOT | April 11, 2014 | Ports & Terminals

During the recent Miami-Dade Board of County Commissioners Meeting, the Commission confirmed Mayor Carlos A. Gimenez’s appointment of Juan M. Kuryla as PortMiami’s new Director, succeeding Bill Johnson who is now head of Miami-Dade County’s Water and Sewer Department, the largest public utility of its kind in the Southeastern U.S.    Read More »

US urges oil-by-rail sector to agree a safer tank car

Reuters | April 11, 2014 | Intermodal

U.S. Transportation Secretary Anthony Foxx asked oil-by-rail leaders to create a tank car fit to carry the kinds of fuel involved in recent fiery derailments even as he dodged lawmaker questions about when such a plan would be ready. Read More »

Canada grain handlers to expand as crops overwhelm system

Reuters | April 11, 2014 | Intermodal

Three Canadian grain handlers said this week that they will expand facilities to handle the country's crops, after a record-smashing harvest overwhelmed the transportation system. Read More »

Australian firm says secures $6.5 bln for new iron ore port

Reuters | April 11, 2014 | Ports & Terminals

A small Australian exploration company said it has secured more than $6 billion in equity funding from unnamed investors to build a port and rail network to revive plans for a second iron ore export zone in the country. Read More »

Vinalines set for IPO in 2015 first quarter

Reuters | April 10, 2014 | Transport Intermediaries

Vinalines, a major state-owned shipping firm, is scheduled to launch its initial public offering in the first quarter of 2015, according to the Transport Ministry, the Dau Tu newspaper reports. Read More »

U.S. Navy aims to smooth impact of fiscal 2015 cut to ship orders

Reuters | April 10, 2014 | International Trade

The U.S. Navy hopes to smooth out the impact on Lockheed Martin Corp and Australia’s Austal of a budget-driven decision to order three Littoral Combat Ships instead of four in fiscal year 2015, the Navy’s top weapons buyer said on Thursday. Read More »

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