China COSCO posts Q1 loss on slumping shipping rates

AJOT | April 28, 2011 | Liner Shipping

China COSCO Holdings Co Ltd, flagship of the country's No.1 shipping conglomerate, posted a net loss of 503.3 million yuan ($77.3 million) in the first quarter as shipping rates slumped amid a supply glut.

China COSCO , which operates the world's larg Read More »

Horizon Lines reports first quarter financial results

AJOT | April 28, 2011 | Liner Shipping

Horizon Lines, Inc. reported financial results for the fiscal first quarter ended March 27, 2011.

As a result of previously announced plans to discontinue the logistics business, financial results are being presented on a continuing operations basis, Read More »

FreeSeas enters into agreement to sell the M/V Free Envoy

AJOT | April 27, 2011 | Breakbulk & Projects

FreeSeas Inc. a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize and Handymax vessels, announced today that the Company has entered into an agreement to sell the M/V Free Envoy, a 1984-built, 26,318 dwt Handysize Read More »

Port of Stockton and Port of West Sacramento issue RFP for terminal operations & facilities manager

AJOT | April 27, 2011 | Ports & Terminals

The Port of Stockton and the Port of West Sacramento will be making available their Requests for Proposal (RFP) for a terminal operations and facilities manager for its M580/I80 Marine Highway Corridor Project.

The ports are seeking an experienced, pr Read More »

Total throughput stable – containers bullish in Rotterdam

AJOT | April 27, 2011 | Ports & Terminals

For the first quarter, throughput in the port of Rotterdam was at more or less exactly the same level as the same period last year: 107 million tonnes. In comparison with last year’s strong and broad growth, the picture is now more differentiated. Agribul Read More »

Port of Long Beach welcomes Grand China Shipping

AJOT | April 27, 2011 | Ports & Terminals

Grand China Shipping, one of the fastest growing ocean carriers in China, made its inaugural call to the Port of Long Beach recently at Total Terminals International’s Pier T shipping facility.

The maiden call of the vessel Red Strength kicked off a w Read More »

APM Terminals eyeing Russia’s Kaliningrad port potential

AJOT | April 27, 2011 | Ports & Terminals

APM Terminals is exploring the potential for building a Baltic Sea port facility in Russia's Kaliningrad area, the company said.

Press material distributed by Russian officials in Moscow said that Maersk's APM Terminals unit was considering investing Read More »

Konecranes receives its first container handling crane order from South Africa

AJOT | April 27, 2011 | Ports & Terminals

In March 2011 Konecranes received its first container handling crane order from South Africa. Transnet Capital Projects, a specialist unit of South African rail, port and pipeline company Transnet Limited, ordered three RMG (rail mounted gantry) cranes to Read More »

Maritime Administrator Matsuda signs $241 million federal guarantee for Panama City Shipyard

AJOT | April 27, 2011 | Ports & Terminals

US Maritime Administrator David Matsuda announced a $241 million loan guarantee that will allow the Eastern Shipbuilding Group of Panama City, FL, to build five platform supply vessels (PSVs) for export to Brazil, to provide service in new deepwater oil f Read More »

Port Commission of the Port of Houston approves $20 million for security contracts

AJOT | April 27, 2011 | Ports & Terminals

The Port Commission of the Port of Houston Authority awarded $20 million for security-related contracts, including installation of fiber optic cable, TWIC implementation and security gate services, among several matters approved during the April 26 meetin Read More »

China’s trucker strike highlights worries for government

AJOT | April 27, 2011 | Ports & Terminals

Fan is unskilled, uneducated and unhappy. He also frightens the Chinese government.

The 28-year-old was among the roughly 2,000 truck drivers who went on strike last week in Shanghai to complain about ever rising costs, the issue that China's leaders Read More »

Georgia’s deepwater ports welcome world’s largest roll-on/roll-off vessel

AJOT | April 27, 2011 | Ports & Terminals

The Georgia Ports Authority (GPA) welcomed the largest RoRo (Roll-on / Roll-off) vessel ever to call Georgia's deepwater ports when the M/V Tønsberg, operated by Wallenius Wilhelmsen Logistics (WWL), docked at the Port of Brunswick's Colonel's Island Term Read More »

Vitran reports improved 2011 first quarter results

AJOT | April 27, 2011 | Intermodal

Vitran Corporation Inc., a North American transportation and supply chain firm, announced financial results for the first quarter of 2011, the three-month period ended March 31, 2011 (all figures reported in $U.S.).

Vitran reported a 18.0% increase in Read More »

Con-way Inc. names Krull Executive VP, General Councel & Secretary

AJOT | April 27, 2011 | Intermodal

Con-way Inc. announced that Stephen K. Krull has been named executive vice president, general counsel and secretary.

Krull, 46, joins Con-way from Toledo, Ohio-based Owens Corning, where he most recently served as senior vice president, general counse Read More »

National Carriers chooses Blue Tree Systems

AJOT | April 27, 2011 | Intermodal

Blue Tree USA, a provider of fleet management, reefer monitoring and trailer tracking solutions, announced that National Carriers Inc. has signed a contract to install the R:COM Fleet Management System on its entire fleet of tractors and refrigerated trai Read More »

ATA truck tonnage Index rose 1.7% in March

AJOT | April 27, 2011 | Intermodal

The American Trucking Associations' advance seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1.7 percent in March after falling a revised 2.7 percent in February 2011. The latest gain put the SA index at 115.4 (2000=100) in March, which was Read More »

Arkansas Best posts wider Q1 loss on weak pricing

AJOT | April 27, 2011 | Intermodal

Arkansas Best Corp posted a wider-than-expected quarterly loss, hurt by higher fuel costs amid a weak pricing environment, but the U.S. trucking company said its business was stabilizing with the upturn in the economy.

As the economy improves, shipper Read More »

NASSTRAC announces 2011 Member of the Year Awards

AJOT | April 27, 2011 | Intermodal

NASSTRAC recently announced that Chris Norek, Ph.D. and founding Senior Partner with Chain Connectors, Inc., an Atlanta-based supply chain consulting boutique which focuses on training and education of both large enterprises and SMBs, has been named the 2 Read More »

ABF earns second consecutive National LTL Carrier of the Year Award

AJOT | April 27, 2011 | Intermodal

For the second consecutive year, ABF' has been named National LTL Carrier of the Year by the National Shippers Strategic Transportation Council (NASSTRAC). The company was recognized during the NASSTRAC Conference and Expo in Orlando, Florida, April 17-20 Read More »

Russia metals exporters face rail constraints

AJOT | April 27, 2011 | Intermodal

Russian metals firms seeking to increase exports to China and other Asian buyers face an uphill struggle as they grapple with infrastructure constraints on Soviet-era rail lines in Siberia and the Far East.

Russia's two main rail lines in the region, Read More »