China COSCO sees shipping recovery by 2015

AJOT | November 09, 2010 | Liner Shipping

The global shipping market will recover in three to five years, led by the container industry, which has already started to return to profit, a top executive said.

The shipping industry was seen returning to pre-crisis levels with the help of Read More »

Hamburg S’d christens the Cap Jervis in Callao

AJOT | November 09, 2010 | Liner Shipping

As part of a customer event, Hamburg S'd christened the 'Cap Jervis' in Callao (Peru). She is the first container vessel ever to have been christened in Callao and has a slot capacity of 4,600 TEU. Sponsor of the 'Cap Jervis' was Adelgunde Christmann, wif Read More »

JAXPORT sets container volume record in 2010

AJOT | November 07, 2010 | Ports & Terminals

Total tonnage up 10 percent; 10th consecutive year of record revenues
The Jacksonville Port Authority (JAXPORT) moved a record number of containers in fiscal year 2010 -- the second consecutive year of container growth for the seaport -- and marked Read More »

ICTSI 9 month income up 97% to US$73 million

AJOT | November 07, 2010 | Ports & Terminals

International Container Terminal Services, Inc. (ICTSI) reported consolidated unaudited financial results for the nine months ending September 30, 2010, posting revenue from port operations of US$380.6 million, an increase of 27 percent over the US$299.3 Read More »

Konecranes expands in Africa acquires company in Morocco

AJOT | November 07, 2010 | Ports & Terminals

Konecranes recently acquired 100 percent of the shares in port crane service

and modernization company Techniplus S.A.R.L. in Morocco. This is Konecranes' first acquisition in North Africa. Techniplus has 120 employees and net sales of EUR 7 mi Read More »

ICTSI names new head for Georgia unit

AJOT | November 07, 2010 | Ports & Terminals

International Container Terminal Services, Inc. (ICTSI) announces the appointment of Jan Nowak as Chief Executive Officer and General Manager of the Batumi International Container Terminal LLC (BICT), manager, operator and developer in the Port of Batumi Read More »

Construction of Maasvlakte 2 running like clockwork

AJOT | November 07, 2010 | Ports & Terminals

Since work started on the construction of Maasvlakte 2 two years ago, 170 million m3 of sand has been brought in. That is more than would be needed to fill the Rotterdam - Fyenoord soccer stadium to the brim 100 times. At the height of the ‘sand operation Read More »

Dutch ports to reward clean ships

AJOT | November 07, 2010 | Ports & Terminals

As of 1 January 2011, the ports of Amsterdam, Moerdijk, Dordrecht and Rotterdam will be rewarding clean ocean-going vessels with discounts on their port dues. This involves vessels which score well on the Environmental Ship Index (ESI). This is a new inte Read More »

Essar Ship port revenue seen thrice FY11

AJOT | November 07, 2010 | Ports & Terminals

India's Essar Shipping Ports & Logistics is aiming to boost its revenue from its port operation to as much as three times its 2011 fiscal year forecast of $173 million within next three years.

The growth would be driven by higher capacity of its ports Read More »

Bridge replacement earns State approval
with $950 million funding in place

AJOT | November 07, 2010 | Ports & Terminals

The California Transportation Commission approved the Port of Long Beach’s funding and building plans for the Gerald Desmond Bridge Replacement Project, clearing the way for the Port and Caltrans to seek firms to design and construct the $950 million span Read More »

Cosan invests to boost Brazil port sugar capacity

AJOT | November 07, 2010 | Ports & Terminals

The world's top sugar exporter, Brazil's Cosan , plans to hike capacity at its sugar terminals at the country's largest port after a surge in demand this year led to long queues of ships waiting to load. Read More »

National Retail Systems implements innovative nationwide safety program

AJOT | November 07, 2010 | Intermodal

National Retail Systems, Inc. (NRS), a leading provider of logistics services to U.S. retailers, pharmaceutical companies and consumer goods manufacturers, has launched a new safety program to install the GreenRoad 360(tm) driving decision support service Read More »

New rules for truck drivers returning after stroke

AJOT | November 07, 2010 | Intermodal

Commercial truck and bus drivers who suffer a stroke should wait at least a year and be able to pass a driving test and a series of health assessments before getting in front of a wheel again, according to a U.S. expert panel.

The panel, appointed by Read More »

YRC gets labor deal

AJOT | November 07, 2010 | Intermodal

YRC Worldwide Inc said its workers had agreed to extend financial concessions considered key to the company's survival.

The agreement with the International Brotherhood of Teamsters should save YRC, the nation's top less-than-truckload carrier, an est Read More »

Pacer Q3 results lag Wall Street

AJOT | November 07, 2010 | Intermodal

Third-party logistics provider Pacer International posted lower-than-expected quarterly results as its intermodal volumes were hurt by effects of Hurricane Alex in Mexico.

For the third quarter, the company reported earnings of $1.1 million, 3 cents a Read More »

McKinnon Scholarship established by Norfolk Southern Corp.

AJOT | November 07, 2010 | Intermodal

Norfolk Southern Corporation recently hosted a luncheon to announce the establishment of the Arnold B. McKinnon Scholarship at the University of Denver. The McKinnon Scholarship will support graduate education in intermodal transportation management at th Read More »

Domestic intermodal volume hits new record level during Q3 2010

AJOT | November 07, 2010 | Intermodal

Intermodal volume increased 20.3% year-over-year in Q3 2010, as international led the way with a remarkable 28.1% upsurge according to a report released Nov. 4 by the Intermodal Association of North America (IANA). IANA's Intermodal Market Trends & Stati Read More »

BirdDog acquires Foley Services to complement its transportation factoring business

AJOT | November 07, 2010 | Intermodal

BirdDog, a transportation services company focused on providing solutions to both shippers and motor carriers, announced it has acquired Glastonbury, CT-based Foley Services, Inc., a nationwide provider of Department of Transportation (DOT) regulatory com Read More »

Garbage may be growth driver for Canada’s truckers

AJOT | November 07, 2010 | Intermodal

Canadian truckers are moving into less traditional areas such as collecting garbage and delivering parcels after the recession exposed their reliance on core trucking businesses like cargo and small freight shipping.

Mid-tier truckers TransForce Inc, Read More »

Arkansas Best Q3 loss narrower-than-expected

AJOT | November 07, 2010 | Intermodal

U.S. trucking company Arkansas Best Corp posted a narrower-than-expected third-quarter loss, partly helped by an improvement in daily tonnage levels at its largest unit, ABF Freight System.

"Continuing improvements in ABF's year-over-year and sequenti Read More »