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Evergreen holds naming ceremony for EVER LOADING

AJOT | July 21, 2014 | Liner Shipping

Evergreen Group held the naming ceremony for EVER LOADING, the sixth of its L-type vessels to be built by CSBC Corporation in Taiwan. The ceremony took place at CSBC's Kaohsiung shipyard and was officiated by Bronson Hsieh, Evergreen Group's Second Vice Group Chairman. Read More »

Goods Movement Coalition applauds Senator Cantwell’s plans for freight bill

AJOT | July 21, 2014 | Intermodal

Addressing the National Freight Advisory Committee (NFAC) recently, Senator Maria Cantwell (D-WA) announced plans to introduce legislation aimed at improving freight mobility through strategic planning and investment. Read More »

UPS Capital - Sponsored study shows supply chain risk mitigation strategies lacking

AJOT | July 21, 2014 | Transport Intermediaries

While many supply chain executives are well aware of the risks facing their supply chains and the undesirable consequences, many are still not developing and executing strategies to properly manage identified risks. This finding is according to a new study, Managing Risk in the Global Supply Chain, sponsored by UPS Capital® Corporation, and conducted by the Global Supply Chain Institute at the University of Tennessee. Read More »

Purolator International expands logistics capabilities for companies doing business in Canada

AJOT | July 21, 2014 | Transport Intermediaries

Purolator International, the leading provider of cross-border logistics between the U.S. and Canada, is pleased to announce the expansion of its capabilities through Purolator Logistics – a new integrated solution that enables customers to improve overall supply chain efficiency, reduce distribution costs and improve speed to market. Read More »

American Fast Freight hires Lorge as VP, CFO and Treasurer

AJOT | July 21, 2014 | Transport Intermediaries

American Fast Freight, Inc. ("AFF" or the "Company") announced today that Debra L. Lorge will join the Company as a Vice President, Chief Financial Officer and Treasurer. Ms. Lorge joins AFF after a successful career as a Director of Finance and CFO at a number of well-established companies in the Pacific Northwest. Read More »

Air France awards five-year cargo and mail handling contract to WFS at Paris-Orly

AJOT | July 21, 2014 | Air Cargo

Air France has awarded a five-year cargo and mail handling contract to Worldwide Flight Services (WFS) at Paris-Orly Airport. Read More »

WACO and Drewry expand air freight market cooperation

AJOT | July 21, 2014 | Air Cargo | Transport Intermediaries

Independent specialist advisors Drewry and global forwarder network The WACO System have expanded their cooperation agreement to include exchanging and sharing market intelligence in the air cargo market. Read More »

Hamburg Süd releases free smartphone app

AJOT | July 21, 2014 | Liner Shipping

Hamburg Süd releases free smartphone app

Hamburg Süd has just released a free app for smartphones and tablets that is available for its customers to download. The Hamburg Süd app allows customers to access information about Track & Trace, timetables, offices and news wherever they may be. Read More »

Citi has $280 mln in loans in China ports at center of metals probe

Reuters | July 21, 2014 | Ports & Terminals

Citigroup Inc has about $280 million in loans tied to commodities in two Chinese ports which are at the center of a probe into possible fraud, a senior executive said on Friday, becoming the first U.S. bank to disclose its potential exposure. Read More »

Goldman in preliminary deal to buy 30 pct of Turkey’s Petlim port

Reuters | July 21, 2014 | Ports & Terminals

Goldman Sachs has signed a preliminary agreement with Socar’s Turkey unit to buy a 30 percent stake in the country’s largest integrated port for $250 million, the port’s operator said in a statement. Read More »

Massport approves purchase of new ship detection system

AJOT | July 18, 2014 | Air Cargo

The Massachusetts Port Authority (Massport) has voted to approve a second ship radar to monitor the boating channel under the final approach to Logan’s Runway 27. The airport currently has a ship detection system for the Runway 4R approach. Read More »

Maersk Line aims to raise freight rates from Asia to Europe

Reuters | July 18, 2014 | Liner Shipping

The world’s biggest container shipping company Maersk Line, a unit of A.P. Moller-Maersk, said it planned to raise freight rates on routes from Asia to northern Europe by $450 per 20-foot container (TEU). Read More »

Indonesia resumes metal concentrate exports after 6-month halt

Reuters | July 18, 2014 | International Trade

Indonesia has resumed exports of metal ore concentrates, a mining ministry official said, ending a six-month stoppage resulting from a new policy to improve returns on resources shipped out of southeast Asia’s largest economy. Read More »

American Fast Freight, Inc. Hires Debra L. Lorge As VP, CFO and Treasurer

PR Newswire | July 18, 2014 | Intermodal

American Fast Freight, Inc. (“AFF” or the “Company”) announced today that Debra L. Lorge will join the Company as a Vice President, Chief Financial Officer and Treasurer. Read More »

Cargotec’s orders beats expectations, profit disappoints

Reuters | July 18, 2014 | Ports & Terminals

Finnish cargo-handling equipment maker Cargotec said new orders in the second quarter were well above analysts’ expectations, while its adjusted operating profit came in below forecasts. Read More »

South Korea to scrap rice import caps, farmers stage protest

Reuters | July 18, 2014 | International Trade

South Korea will scrap caps on rice imports from 2015, potentially opening up the politically sensitive market to more imports from countries such as the United States and China, in a move that has been fiercely resisted by many farmers. Read More »

Australia’s Asciano says in talks to sell stake in ports and logistics arm

Reuters | July 17, 2014 | Transport Intermediaries

Australia’s Asciano Ltd said it is in talks to sell a stake in its ports and logistics business, with media reporting state-run China Merchants Group Ltd is interested and that a deal may be worth up to A$1.1 billion ($1 billion). Read More »

Lawsuit Against Walmart Puts Focus Back on Lenient Trucking Regulations

PR Newswire | July 17, 2014 | Intermodal

Tracy Morgan isn't taking the accident he endured last month lightly. The comedian and several other passengers were severely injured and fellow comedian James McNair was killed, when an allegedly drowsy Walmart truck driver crashed into Morgan's limousine on the New Jersey Turnpike. Read More »

CP Rail sees more growth as 2nd quarter tops forecasts

Reuters | July 17, 2014 | Intermodal

Canadian Pacific Railway Ltd reported stronger-than-expected results on Thursday, and said rising freight volumes and prices should push already record results to new highs later this year. Read More »

Strikes halt grains exports from Argentina’s Rosario hub

Reuters | July 17, 2014 | Ports & Terminals

Multiple strikes paralysed all grains exports from Argentina’s pivotal Rosario export hub on Thursday, a local business chamber said, disrupting shipping at a busy time in the harvest cycle. Read More »

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