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Cargotec’s financial targets for 2016

AJOT | November 18, 2014 | Ports & Terminals

Cargotec's Board of Directors has confirmed financial targets for Cargotec Corporation for 2016. Read More »

Oman Shipping Company takes delivery of Adam LNG

AJOT | November 18, 2014 | Liner Shipping

Oman Shipping Company (OSC) has taken delivery of one of the world’s most advanced fuel efficient LNG carriers – the Adam LNG. Read More »

OOCL Atlantic Express 1 (AX1) Service enhancement

AJOT | November 18, 2014 | Liner Shipping

In order to enhance its service quality and sailing schedule, OOCL has announced the following adjustment details on the Atlantic Express 1 (AX1) service. Read More »

SuperGroup picks CEVA for freight management

AJOT | November 18, 2014 | Transport Intermediaries

CEVA Logistics - one of the world’s leading supply chain management companies - has been awarded a long term contract to provide freight management services to SuperGroup, owner of famous fashion brands including SuperDry. Read More »

Japan’s Hitachi closes in on Finmeccanica rail assets

Reuters | November 18, 2014 | Intermodal | Rail

Italian industrial conglomerate Finmeccanica said Japan's Hitachi had submitted an offer to buy rail assets it has put on the block as part of plans to cut debt. Read More »

UP Railroad invests $11 million to strengthen Colorado’s transportation infrastructure

AJOT | November 18, 2014 | Intermodal | Rail

Union Pacific Railroad will strengthen Colorado's transportation infrastructure by investing nearly $11 million in the rail line between Sterling and near Messex, Colorado. The project, funded entirely by Union Pacific without taxpayer dollars, began November 8 and is scheduled to be completed by mid-December. Read More »

Truck driver’s negligence blamed for Washington bridge collapse

Reuters | November 18, 2014 | Intermodal | Road

A Washington state bridge collapse that sent two cars tumbling into a frigid river last year was primarily the result of negligence on the part of a commercial truck driver who should have known his rig was too tall to clear the span, the state patrol said. Read More »

Southeastern Freight Lines promotes Cutchens to Service Center Manager in Dallas

AJOT | November 18, 2014 | People | Appointments | Intermodal | Road

Southeastern Freight Lines, the leading provider of regional less-than-truckload (LTL) transportation services, today announced that Jeremy Cutchens has been promoted to service center manager in Dallas, Texas. Read More »

ATA Truck Tonnage Index increased 0.5% in October

AJOT | November 18, 2014 | Intermodal | Road

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index rose 0.5% in October, following a revised decline of 0.8% during the previous month. In October, the index equaled 132.1 (2000=100), which was the second highest level on record after August. Read More »

Volga-Dnepr Airlines delivers upper stage breeze-M unit to Baikonur for launch of Yamal-401 satellit

AJOT | November 18, 2014 | Air Cargo

Volga-Dnepr Airlines delivers upper stage breeze-M unit to Baikonur for launch of Yamal-401 satellit

The Upper Stage Breeze-M Unit of the Proton-M space vehicle has been delivered to Baikonur onboard a Volga-Dnepr Airlines’ An-124-100 freighter to facilitate the launch of the Russian Yamal-401 communications satellite. Read More »

UTi Worldwide responds to shippers’ urgent transPacific airfreight needs by scheduling 747 charters

AJOT | November 18, 2014 | Air Cargo | Transport Intermediaries

UTi Worldwide Inc., a global supply chain services and solutions company, has scheduled weekly charter service from Shanghai to the U.S. to ease the backlog of goods needed in North America. Read More »

Small cargo plane crashes into Chicago home

Reuters | November 18, 2014 | Air Cargo

A small cargo plane crashed into a home in Chicago, moments after the pilot had reported engine problems, authorities said. Read More »

Second Algerian light crude cargo arrives at Venezuelan port

Reuters | November 18, 2014 | Energy | Maritime

A tanker carrying Algerian light oil arrived at the Venezuelan port of Jose late on Monday and is waiting to unload up to 2 million barrels in PDVSA’s second crude purchase from state-run Sonatrach, according to Reuters vessel-tracking data. Read More »

Russia’s Rosneft looks for alternative ways to explore Arctic

Reuters | November 18, 2014 | Energy | Discovery

Rosneft, Russia’s top oil producer, is looking for alternative ways to develop Arctic hydrocarbon resources after U.S. company ExxonMobil suspended cooperation, Russian Natural Resources Minister Sergei Donskoi said on Tuesday. Read More »

South Korea Hyundai Mipo to sell $260 million stake in POSCO

Reuters | November 18, 2014 | Liner Shipping

Hyundai Mipo Dockyard Co Ltd said on Tuesday it had decided to sell a stake worth 286 billion Korean won ($260.46 million) in steelmaker POSCO , in a bid to improve its balance sheet. Read More »

Slowdown at U.S. port of Tacoma threatens Christmas tree shipments to Asia

Reuters | November 17, 2014 | Liner Shipping

Slowdown at U.S. port of Tacoma threatens Christmas tree shipments to Asia

A slowdown at a busy Washington state port amid a labor dispute could mean that thousands of Christmas trees grown in the Pacific Northwest will not be shipped in time to meet holiday demand in Asia, industry officials said on Monday. Read More »

Agriculture Transportation Coalition urges the President to act on the West Coast Port crisis

AJOT | November 17, 2014 | Ports & Terminals

The impact of West Coast port disruption is becoming increasingly dire for U.S. agriculture and forest products exporters. Read More »

Toray in expanded $8.6 billion carbon fiber deal with Boeing

Reuters | November 17, 2014 | International Trade

Japan's Toray Industries said it will be the sole supplier of carbon fiber for Boeing Co's 777X passenger jet in addition to the 787 Dreamliner and expects orders to exceed $8.6 billion for both planes. Read More »

Argentina creates new agency to track trade, slow dollar flight

AJOT | November 17, 2014 | International Trade

Argentina tightened its international trade controls by creating a new government agency to keep track of imports and exports two weeks after accusing U.S. household products giant Procter & Gamble Co of tax fraud. Read More »

Merkel urges Europeans to speed up TTIP trade talks with US

Reuters | November 17, 2014 | International Trade

German Chancellor Angela Merkel urged European nations to speed up their negotiations with the United States over a Transatlantic Trade and Investment Partnership (TTIP) agreement between the U.S. and EU. Read More »

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