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Air freight demand leaps in June

AJOT | July 29, 2010 | Air Cargo

Air cargo demand jumped by more than a quarter in June compared with a year ago and passenger numbers rose more than one tenth as airlines saw a growing recovery from the economic crisis, industry figures showed.

While the recovery is faster Read More »

Chile LAN 1st-half profit soars on air traffic

AJOT | July 29, 2010 | Air Cargo

Chile's dominant airline LAN said its first-half net profit surged 115.1 percent to $148.9 million from last year on improved air traffic in the wake of the financial crisis.

LAN has seen passenger and cargo traffic recover quickly this year Read More »

Brazil invention enables ships to load in rain

AJOT | July 27, 2010 | Breakbulk & Projects

A Brazilian firm has invented a high-tech tarpaulin for bulk carrier ships to load during rain without putting their cargo at risk, potentially slashing turn-around times and shipping costs.

Loading of bulk goods such as sugar and grains grin Read More »

Russian minister calls for port expansion

AJOT | July 27, 2010 | Ports & Terminals

Russia needs to expand its port facilities in order to meet growing demand from oil, coal and other exporters, Deputy Transport Minister Viktor Olersky told Reuters in an interview. Read More »

LME eyes Taiwan warehouse, port says by end-2011

AJOT | July 27, 2010 | Ports & Terminals

The London Metal Exchange will apply late next year for a storage and shipping warehouse in southern Taiwan, its fourth in Asia and the closest to mainland China, the world's top metals consumer.

The exchange picked the Taiwan city of Kaohsiu Read More »

Cordero to lead Pacific Ports Group
Trade Association

AJOT | July 27, 2010 | Ports & Terminals

The Port of Long Beach Harbor Commissioner Mario Cordero has been elected president of the Association of Pacific Ports for a one-year term. The selection was announced at the group’s recent annual conference in Stevenson, Wash.

Cordero will Read More »

Ship breaks container loading record on first call in Seattle

AJOT | July 27, 2010 | Ports & Terminals

The container ship CMA CGM Rabelais made its first call at the Port of Seattle on July 19 and shattered the Port's previous container handling record with 4,300 containers loaded and discharged. Read More »

Maryland’s Masonville waterfront restoration project wins award

AJOT | July 27, 2010 | Ports & Terminals

The Maryland Port Administration’s (MPA) $153 million initiative to clean up the Masonville Cove area and create an environmental education center was recently awarded a 2010 Environmental Excellence award by the National Association of Environmental Prof Read More »

New railway bridge to be built at the Port Metro Vancouver, BC

AJOT | July 27, 2010 | Ports & Terminals

Rail traffic destined for Port Metro Vancouver, British Columbia, terminals will move more smoothly and quickly with the injection of C$21 million by Ottawa to build a new railway bridge and widen an underpass as part of Canada’s Asia Pacific Gateway init Read More »

Delay on new China metal scrap rules worries trade

AJOT | July 27, 2010 | Ports & Terminals

Scrap metal imports by China, the world's top copper market, could be delayed by uncertainty over when and how customs officials enforce new separation rules aimed at tax evaders, analysts and importers said.

About two months after China announced the Read More »

Senators Collins, Murray introduce bill to extend port protections, anti-terrorism act

AJOT | July 27, 2010 | Ports & Terminals

U.S. Senators Susan Collins, R-Me., Ranking Member of the Senate Homeland Security and Governmental Affairs Committee, and Patty Murray, D-Wash., introduced a bipartisan bill Tuesday that would extend the groundbreaking port security programs now in place Read More »

DP World volumes up 7 pct, CEO ‘cautious’ on H2

AJOT | July 27, 2010 | Ports & Terminals

DP World , part of the Dubai World conglomerate at the center of the emirate's debt troubles, said better-than-expected container volumes will help boost profits in the first half of the year but was cautious on growth for the second half. Read More »

Abu Dhabi port H1 cargo up 12% despite slowdown

AJOT | July 27, 2010 | Ports & Terminals

Slowed property development in Abu Dhabi hit container traffic at Port Zayed in the first half of the year but cargo volumes rose, helped by infrastructure projects and higher vehicle imports, a senior port official said. Read More »

Record LME trading volumes, eyes more Asian business

AJOT | July 27, 2010 | Ports & Terminals

Buoyed by record trading volumes in the first half of this year, the London Metal Exchange outlined plans to attract more Asian business and improve its warehousing systems.

Total trading volumes at the exchange jumped 7.5 percent in the firs Read More »

ATA truck tonnage index fell 1.4% in June

AJOT | July 27, 2010 | Intermodal

The American Trucking Associations' advance seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 1.4 percent in June, although May's reduction was revised from 0.6 percent to just 0.1 percent. May and June marked the first back-to-back contrac Read More »

CN and UTU reach tentative hourly-rate labor agreement on DM&IR territory

AJOT | July 27, 2010 | Intermodal

CN announced that it has reached a tentative labor agreement with the United Transportation Union (UTU) for UTU-represented employees working on the Duluth, Missabe and Iron Range Railway Company (DM&IR). CN purchased the DM&IR as part of its May 2004 acq Read More »

Kansas City Southern profit tops Wall Street view

AJOT | July 27, 2010 | Intermodal

Kansas City Southern posted profit that easily topped Wall Street's expectations on Tuesday, as the U.S. railroad benefited from surging demand to haul autos, agricultural commodities and other goods.

The company reported profit available to Read More »

UPS, Union Pacific beat Street

AJOT | July 27, 2010 | Intermodal

Shipper United Parcel Service Inc and railroad Union Pacific Corp topped Wall Street's expectations when they reported quarterly results as both captured increases in domestic shipping volume.

The numbers posted by the world's largest package Read More »

Latin America should embrace India trade

AJOT | July 27, 2010 | International Trade

Latin America sends only 0.9 percent of its exports to India, a commodity-hungry country that should be a major growth engine for the region, the Inter-American Development Bank said in a report. Read More »

Eaton CEO sees improving M&A environment

AJOT | July 27, 2010 | International Trade

Diversified manufacturer Eaton Corp is seeing an improved deal environment and is more willing to deploy cash toward mergers and acquisitions than toward a stock buyback, its chief executive said.

The company, which reported stronger-than-exp Read More »

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