New rail terminal to serve U.S. oilfields in Bakken

AJOT | February 01, 2011 | Intermodal

Savage Companies will build a rail terminal in North Dakota to help move crude oil from the prolific Bakken Shale to other regions, as railroads gain popularity as a mode of transport for U.S. oil supplies, the company.

The terminal, to be completed l Read More »

CP Railway tops profit forecast

AJOT | February 01, 2011 | Intermodal

Canadian Pacific Railway Ltd posted a better than expected 27 percent rise in quarterly profit on Wednesday and said it continued to see strong demand for all its rail services.

Net income at CP, Canada's second biggest railroad, rose to C$185.8 milli Read More »

Kansas City Southern sees 2011 gains, Mexico growth

AJOT | February 01, 2011 | Intermodal

U.S. railroad Kansas City Southern reported quarterly results that beat forecasts as commodity shipments rose, and said revenue should grow in the low double digits this year.

The company expects intermodal and vehicle shipments to boost its revenue, an Read More »

Gateway sees rail drive sales; to expand cold chain

AJOT | February 01, 2011 | Intermodal

Indian container logistics firm Gateway Distriparks expects its rail business to drive sales, though the high-margin container freight business will continue to be the biggest profit earner, senior officials said.

Gateway Distriparks operates across t Read More »

ATA truck tonnage index jumped 2.2% in December

AJOT | February 01, 2011 | Intermodal

The American Trucking Associations' advance seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 2.2 percent in December after falling a revised 0.6 percent in November. The latest improvement put the SA index at 111.6 (2000=100) in December, w Read More »

WTO report said to condemn Boeing subsidies

AJOT | February 01, 2011 | International Trade

Plane maker Boeing received unfair subsidies from the U.S. government, a World Trade Organization report said on Monday, according to Boeing's European rival Airbus.

The two companies disagreed over the extent of the subsidies outlined in the report, Read More »

ASEAN

AJOT | February 01, 2011 | International Trade

Southeast Asia's foreign ministers embarked on an unconventional land, sea and air trip to China to push ambitious plans to fully connect the region's frontier markets with Asia's biggest economic power.

The day-long trip from Thailand to China, organ Read More »

US promises changes to controversial trade method

AJOT | February 01, 2011 | International Trade

The United States promised its trading partners that it would make changes to a controversial method for calculating duties on unfairly priced imports.

But Japan and the European Union said assurances that Washington would comply with repeated condemn Read More »

Export curbs move into trade policy spotlight

AJOT | February 01, 2011 | International Trade

As World Trade Organization members intensify efforts for a new trade deal, soaring food and raw material prices have raised a question that is not even on the Doha round agenda: export restrictions.

While WTO members are haggling over the extent to w Read More »

South Korea to take 1-2 years to recover from foot-and-mouth

AJOT | February 01, 2011 | International Trade

South Korea's swine industry could take one or two years to recover from a foot-and-mouth epidemic that has boosted meat purchases by one of the world's top pork importers.

A long-term boost to the country's pork imports, mainly from the United States Read More »

Steel imports inch up in December

AJOT | February 01, 2011 | International Trade

Imports increased slightly in December by 1.4 percent compared to November, based on preliminary import data released by the government. 'Stronger market conditions at the end of the year in the US are reflected in the increase in December of arrivals of Read More »

TSA Air Cargo head to update TIACA delegates on new deadline for 100% screening of all US Cargo

AJOT | February 01, 2011 | Air Cargo

Senior executives in the air cargo industry will get a first hand opportunity to discuss the US Transportation Security Administration's proposal to bring forward its 100% screening target to 31 December 2011 when Doug Brittin, TSA's General Manager, Tra Read More »

New Global Partner Manager joins Envirotainer

AJOT | February 01, 2011 | Air Cargo

Envirotainer has announced that Andy Faes has joined Bourji Mourad and Don Harrison as Global Partner Manager.

'Employing Andy is part of our current build-up of a dedicated partner management team. Andy will take responsibility for developing globa Read More »

Manston Airport expands into horse traffic

AJOT | February 01, 2011 | Air Cargo

Kent'S Manston Airport has started construction work on a new '250,000 EU Equine Border Inspection Post.

The facility, which will open in April this year, will be capable of housing up to ten horses at any one time.

A dedicated inspection stable o Read More »

Chile LAN fourth-quarter profit rises 50 percent

AJOT | February 01, 2011 | Air Cargo

Chilean airline LAN reported that fourth-quarter profit rose 50 percent to $165 million, beating market expectations on strong air and cargo traffic.

The regional carrier's 2010 profit rose 82 percent to $419.7 million from last year, beating a market Read More »

Korean Air records strong Q4 and full-year performance in 2010

AJOT | February 01, 2011 | Air Cargo

Korean Air, South Korea's flagship airline, announced its results for the fourth quarter and full year ended December 31, 2010.

The airline posted an operating revenue of 2,897.6 billion KRW for the fourth quarter, up 12.4% compared to the same period Read More »

Cathay Pacific appeals against EU fine on cargo

AJOT | February 01, 2011 | Air Cargo

Cathay Pacific Airways Ltd said that it had appealed against the European Commission's decision to fine the Hong Kong carrier 57.12 million euro ($78 million) for cargo price-fixing.

"The appeal was filed with the General Court of the European Union, Read More »

China to spend $4.6 blllion on airports in restless Xinjiang

AJOT | February 01, 2011 | Air Cargo

The Chinese government will spend around 30 billion yuan ($4.56 billion) over the next five years on new airport projects in the restless far western region of Xinjiang, state media reported.

The government will build four new airports and expand or r Read More »

Ruslan International first Australia flight after Chapter 3 noise compliant

AJOT | February 01, 2011 | Air Cargo

Ruslan International, the joint venture company which markets and manages the combined fleet of 17 An-124 aircraft belonging to its parents Antonov Airlines and Volga Dnepr Airlines - has successfully operated its first An-124 commercial flight from Austr Read More »

Deutsche Post not to raise customer parcel prices

AJOT | February 01, 2011 | Air Cargo

German mail and logistics group Deutsche Post will not raise prices for privately sent parcels despite rising costs for petrol and the German lorry toll. Read More »