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718-ton, 164-foot-long absorption tower Move

AJOT | January 14, 2015 | Photos

718-ton, 164-foot-long absorption tower Move

Fracht USA/Germany, a global freight forwarder, completed one of the heaviest project cargo lifts in the Port of New Orleans’ history Jan. 12, successfully discharging a 718-ton, 164-foot-long absorption tower from ship-to-barge. Read More »

Pinnacle Freight growth prompts move to new location, expanded services

AJOT | January 23, 2015 | Transport Intermediaries

Pinnacle Freight growth prompts move to new location, expanded services

Pinnacle Freight Systems has announced that it will move its operations from Raritan Center to a new warehouse and distribution center in Florence, New Jersey, as of April 1, 2015. 
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Senator preparing new push against currency cheats in trade

Reuters | January 23, 2015 | International Trade

U.S. lawmakers are preparing a new push to stop trading partners unfairly manipulating their currencies to gain an export advantage, a senior Democrat said. Read More »

India’s Ipca Labs hit by FDA ban on plant for standard violations

Reuters | January 23, 2015 | International Trade

The U.S. Food and Drug Administration (FDA) has banned imports from Indian generic drugmaker Ipca Laboratories Ltd's plant at Ratlam in the central Madhya Pradesh state due to violations of standard production practices. Read More »

US senator wants fast-track trade bill introduced by the end January

Reuters | January 23, 2015 | International Trade

The head of the U.S. Senate committee responsible for trade said he wanted to introduce a bill by the end of January that grants the White House authority to fast track trade deals. Read More »

Starbucks price set for 94% of 2015 coffee supply

Reuters | January 23, 2015 | International Trade

Starbucks Corp has fixed the price it will pay for most of its coffee beans this year after going on a buying spree late last year when prices were under pressure, Chief Financial Officer Scott Maw said. Read More »

Starbucks’ Americas-region traffic ticks up during holiday quarter

Reuters | January 23, 2015 | International Trade

Starbucks Corp said traffic to its Americas-region stores perked up during the holiday quarter, easing investor jitters about slower growth and boosting shares more than 3 percent in after-hours trading. Read More »

Brazil posts record current account gap in 2014

Reuters | January 23, 2015 | International Trade

Brazil recorded its widest current account deficit ever in 2014 as it posted a trade deficit due to a sharp fall in the price of key exports and a sluggish global economy. Read More »

Mexico says Pacific free trade deal ‘feasible’ in mid-March

Reuters | January 23, 2015 | International Trade

A deal on a 12-nation Asia-Pacific trade pact could be concluded in mid-March, Mexico's economy minister, Ildefonso Guajardo, said. Read More »

Amazon, e-commerce rivals fuel commercial property boom in India

Reuters | January 23, 2015 | Intermodal | Road

Internet retailer Amazon and its fast-growing local rivals are driving a boom in commercial property leasing in India as their storage needs rise, with shoppers in the country going online to buy everything from televisions to groceries. Read More »

Sea Star launches new barge service from JAXPORT

AJOT | January 23, 2015 | Liner Shipping | Ports & Terminals

Sea Star’s new barge service to Puerto Rico from JAXPORT began carrying both dry and refrigerated containers. Read More »

Construction of a new deepwater berth in DCT Gdansk has started

AJOT | January 23, 2015 | Ports & Terminals

DCT Gdansk secured €290 million to meet the growing demand for deep-sea services in Central-Eastern Europe by expanding its operations. Read More »

Kansas City Southern profit rises, expects solid 2015 growth

Reuters | January 23, 2015 | Intermodal | Rail

Regional railroad Kansas City Southern reported a higher quarterly net profit that came in well above Wall Street expectations, driven mainly by higher freight volumes, and said it expected to benefit from a growing U.S. economy in 2015. Read More »

Low oil prices to buoy transport, retail, industrial profit reports

Reuters | January 23, 2015 | Intermodal | Road

Equity investors may see a fourth-quarter earnings boost from transportation, retail and industrial companies, all seen as big beneficiaries of last year's oil price collapse. Read More »

Indonesia to form infrastructure bank to attract private investment

Reuters | January 23, 2015 | Intermodal | Rail

Indonesia's finance ministry said it plans to inject $1.63 billion into PT Sarana Multi Infrastruktur (SMI) and transform the state-owned financing firm into an infrastructure bank to help fund roads, railways and seaports with private backing. Read More »

US drivers put oil market on road to recovery

Reuters | January 23, 2015 | Intermodal | Road

U.S. gasoline demand is increasing as motorists opt for bigger vehicles and drive more, encouraged by the sharp drop in fuel prices and an improving employment market. Read More »

Teamsters lose another vote at FedEx Freight facility

Reuters | January 23, 2015 | Intermodal | Road

FedEx Corp said the Teamsters have lost a ballot among drivers at a FedEx Freight facility in West Virginia, the latest blow to the union's campaign to organize workers at the package delivery company. Read More »

Logistics industry veteran, Frank, appointed President of Weber Logistics

AJOT | January 23, 2015 | Transport Intermediaries

Logistics industry veteran, Frank, appointed President of Weber Logistics

Weber Logistics, a leading third party logistics company serving the Western U.S., has appointed logistics industry veteran, Dan Frank, as its new President, responsible for all company activities. Read More »

Existing e-commerce logistics models unsustainable, concludes new report

AJOT | January 23, 2015 | Transport Intermediaries

The present business models being employed by e-retailers and their shipping partners are becoming increasingly unsustainable, a new benchmark report from Ti has concluded. Read More »

Volga-Dnepr carries 3-meter “teacup” for mining project in Russia

AJOT | January 23, 2015 | Air Cargo

Volga-Dnepr Airlines has transported a 15-ton part of a rock breaking machine for a mining customer between the Russian cities of Anapa and Murmansk. 
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