Santos Brasil orders 12 Kalmar all-electric E-One2 RTGs

AJOT | May 04, 2011 | Ports & Terminals

Cargotec has received a further order from Santos Brasil S/A for 12 Kalmar E-One2 rubber-tyred gantry (RTG) cranes. The agreement confirms one of South America's leading container terminal operators as the biggest customer of Kalmar E-One RTGs worldwide t Read More »

CSX to split stock, raise dividend, buy shares

AJOT | May 04, 2011 | Intermodal

CSX Corp announced a 3-for-1 stock split, a 38 percent quarterly dividend increase and a $2 billion share repurchase program.

The quarterly dividend was raised to 36 cents, or 12 cents per share on a post-split basis. It is payable on June 15 for hold Read More »

FTR’s trucking conditions index continues upward trend

AJOT | May 04, 2011 | Intermodal

FTR's Trucking Conditions Index, as reported in the May Trucking Update, rose to 13.30 in March from a February reading of 9.92. A key driver for the improvement in the TCI was the ability of carriers to garner higher rates as industry capacity tightened. Read More »

GE railcar leasing unit for sale

AJOT | May 04, 2011 | Intermodal

General Electric Co has put its railcar leasing business up for sale, its second attempt in three years to offload a business that could be worth more than $3 billion, a source familiar with the situation.

GE, the largest U.S. conglomerate, has hired Read More »

Spatafore named rail industry’s top environmentalist

AJOT | May 04, 2011 | Intermodal

CSX Transportation commended Richard J. Spatafore, division engineer, Jacksonville, for receiving the 2010 Association of American Railroads' John H. Chafee Environmental Excellence Award. CSX nominated Spatafore for the award, named for the late Rhode Is Read More »

Business pushes US Congress to clear bigger trucks

AJOT | May 04, 2011 | Intermodal

Manufacturers, retailers, and other businesses are quietly working with truckers in renewing a push for U.S. government permission to operate bigger and heavier rigs, to the dismay of unions and safety advocates.

Lobbying coalitions for hundreds of co Read More »

Logistic Services Danubius is now DB Schenker Rail Romania

AJOT | May 04, 2011 | Intermodal

Logistic Services Danubius SRL was renamed DB Schenker Rail Romania SRL in Bucharest.

"It is now clear to the outside world that the company is part of our European DB Schenker Rail network," announced Hans-Georg Werner, Member of the Management Board Read More »

Xata partners with ZoomSafer to help fleets ability to manage driver safety and compliance

AJOT | May 04, 2011 | Intermodal

Xata Corporation, the leader in trucking compliance and fleet optimization software, today announced it is integrating and reselling ZoomSafer's award-winning software, FleetSafer Mobile and FleetSafer Vision, both of which can be customized to a fleet's Read More »

Con-way profit beats estimates

AJOT | May 04, 2011 | Intermodal

U.S. trucking and logistics company Con-Way Inc reported quarterly profit well above estimates, and said improved pricing and fuel surcharges boosted revenue.

Con-way reported net first-quarter profit of $6.9 million, or 12 cents per share, compared w Read More »

Wal-Mart to spend $759 mlllion in Brazil this year

AJOT | May 04, 2011 | International Trade

Wal-Mart Stores Inc , the world's biggest retailer, will invest 1.2 billion reais ($759 million) in Brazil this year to tap buoyant consumer demand in Latin America's largest economy, the unit's top executive.

Wal-Mart Brasil Chief Executive Marcos Sa Read More »

US says no decision yet on trade votes timing

AJOT | May 04, 2011 | International Trade

The Obama administration is ready to begin work with Congress on bills to implement free trade pacts with Colombia, South Korea and Panama but no decision has been made yet on the timing or sequencing of votes, a senior administration official said. Read More »

Paccar plans $200 mlllion truck factory in Brazil

AJOT | May 04, 2011 | International Trade

Paccar Inc plans to invest around $200 million over two years to build a truck factory in Brazil, Valor Economico newspaper reported. Read More »

South Korea parliament approves EU free trade bill

AJOT | May 04, 2011 | International Trade

South Korea's parliament approved a free trade bill with the European Union on Wednesday, clearing the last obstacle for the pact to take effect in July that is expected to boost the value of trade in goods between them to about 100 billion euros.

A t Read More »

Siemens seeking acquisitions to tap broad growth

AJOT | May 04, 2011 | International Trade

Siemens AG, a bellwether of the euro zone's biggest economy, is looking for acquisitions of up to 3 billion euros to boost core areas after raising its full-year outlook on strong demand from emerging markets.

Siemens, whose products range from hearin Read More »

BMW cruises through first quarter on China demand

AJOT | May 04, 2011 | International Trade

BMW outshone its rivals with a sharp increase in first quarter sales, fuelled by demand for the German group's cars from China and the United States.

BMW's sales in China jumped 72 percent in the first quarter as a growing army of super-rich in the co Read More »

Daimler car sales up 7.7% on China demand

AJOT | May 04, 2011 | International Trade

German carmaker Daimler said its passenger car business sold 7.7 percent more vehicles in April, helped by continued strong demand for luxury cars in China.

"We continue to be optimistic about the second quarter, during which we want to boost sales ab Read More »

Indonesia, EU sign pact to end exports of illegal timber

AJOT | May 04, 2011 | International Trade

Indonesia and the European Union signed an agreement aimed at ensuring the sustainability of timber exports and stopping illegal logging in Southeast Asia's largest economy.

The voluntary agreement signed by Zulkifli Hasan, Indonesia's minister of for Read More »

China Southern Airlines appoints Sodexi in Guangzhou

AJOT | May 04, 2011 | Air Cargo

As the massive Chinese manufacturing based economy rolls forward, the volume of postal traffic is expanding at a rapid speed. In order to handle such volumes efficiently, China Post is cooperating with China Southern Airlines to handle a major part of thi Read More »

Hactl announces April tonnage throughput

AJOT | May 04, 2011 | Air Cargo

Hong Kong Air Cargo Terminals Limited (Hactl) announced its tonnage throughput for April 2011. A total of 225,791 tons were handled in the month, representing a decrease of 9.3% year-on-year. Cumulative tonnage for the first four months of the year was 8 Read More »

Flightcare Cargo joins Cargo 2000 for ‘the best solution’

AJOT | May 04, 2011 | Air Cargo

Flightcare Cargo Belgium and Flightcare Cargo Spain are the latest companies to join Cargo 2000.

Part of FCC Holding and a founding member of Aviance, Flightcare reports annual revenues of more that '228 million and employs over 4,000 staff. Read More »