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Old Dominion expands in Chattanooga, TN

AJOT | December 11, 2014 | Intermodal | Road

Old Dominion Freight Line, Inc. today completed a significant renovation to its Chattanooga Service Center that will allow the company to enhance its LTL (less-than-truckload) services in East Tennessee. Read More »

Cheap oil prompts funds to buy Swift stock, but drivers’ pay to jump

Reuters | December 11, 2014 | Intermodal | Road

Fund managers are stampeding into shares of U.S. long-haul trucking company Swift Transportation Co as oil prices touch five-year lows, but some analysts say a shortage of drivers may slam the brakes on the rally. Read More »

CP Rail derailment caused by broken wheel

Reuters | December 11, 2014 | Intermodal | Rail

A Canadian Pacific Railway Ltd train carrying crude and other cargo derailed in April 2013 because of a broken wheel, which Canada's transport safety watchdog said could have been replaced but was not due to differing guidelines on when repairs should be made. Read More »

Kinder Morgan investors approve $44 bn deal to put pipelines under Kinder Morgan Inc.

AJOT | December 11, 2014 | Breakbulk & Projects | Projects | Energy | Pipeline

Kinder Morgan’s diverse base of investors approved on Thursday a $44 billion deal to bring four related pipeline companies under the roof of Kinder Morgan Inc. The approval of the deal heralds the official beginning of a new era for Houston-based Kinder Morgan, which has evolved into the largest midstream company and the third largest energy company in North America by enterprise value since it was formed in 1997. Read More »

The 2015 Strategic Top 100 Global Infrastructure Report Released by CG/LA Infrastructure

AJOT | December 11, 2014 | Breakbulk & Projects | Projects | International Trade

The 2015 Strategic Top 100 Global Infrastructure Report Released by CG/LA Infrastructure. $406 Billion Total Project Value Identified Read More »

MOL Improves Intra-Asia Service Network: Enhancement of “CBW” and “CVT” with New Feeder Service “MSS

AJOT | December 11, 2014 | Liner Shipping | Ports & Terminals | Ports | Container Port

MOL Liner Ltd. (MOL) today announced the enhancement of their Intra-Asia service network with new rotations of the “CBW” (West Japan Korea Thailand Service) and ”CVT” (China Vietnam Thailand Service) as well as a new Manila feeder service named “MSS” (Manila South Shuttle). Read More »

US House and Senate bipartisan support for Coast Guard Authorization

AJOT | December 11, 2014 | Breakbulk & Projects | Liner Shipping | Ports & Terminals | Regulatory Issues | Ports

US House and Senate Leaders Issue Statement on Passage of Bipartisan Coast Guard Authorization Ranking Member of the House Transportation and Infrastructure Committee, and Senators John D. (Jay) Rockefeller IV (D-WV) and John Thune (R-SD), the Chairman and Ranking Member of the Senate Commerce, Science, and Transportation Committee, issued the following statement on the passage of the Howard Coble Coast Guard and Maritime Transportation Act of 2014. Read More »

Great Lakes Dredge wins a $25.6 million contract for the Arthur Kill Channel Navigation project

AJOT | December 11, 2014 | Breakbulk & Projects | Projects | Ports & Terminals | Canal and Waterway | Ports | Wet Bulk Port | Dry Bulk Port | Break Bulk Port | Container Port

Great Lakes Dredge & Dock Co., LLC, from Oak Brook, Illinois, has won a $25.6 million firm-fixed-price contract for the Arthur Kill Channel Navigation project. This development program will include the following activities: dredging, blasting and disposal of rock. Read More »

Maersk Line announces Far East Asia to USA & Canada General Rate Increase & Peak Season Surcharge

AJOT | December 11, 2014 | Liner Shipping | Ports & Terminals | Ports | Container Port

Maersk Line will be implementing a Transpacific Eastbound (Far East Asia to United States & Canada) General Rate Increase (GRI) for all cargo transiting in this lane and a Peak Season Surcharge (PSS) for all dry and reefer shipments. Both GRI and PSS have an effective date of January 15th, 2015. Read More »

China Customs want to enforce advance manifest regulations

AJOT | December 11, 2014 | International Trade | Liner Shipping

According to a report from Maersk Line, China customs has articulated their intentions to enforce Chinese advance manifest regulations in March 2015. Read More »

Study finds two-thirds economic benefits from road/transit investment in non-construction sector

AJOT | December 11, 2014 | Breakbulk & Projects | Projects | Intermodal | Road | Rail

Two-thirds of the economic benefits and jobs created by federal highway and transit investment occur in non-construction sectors, according to a new study. The study also finds that every dollar invested through the federal Highway Trust Fund (HTF) in state highway, bridge and public transit infrastructure programs returns 74 cents in tax revenue. Read More »

The OPEC Reference Basket finished down $9.49 at $75.57/b in November

AJOT | December 11, 2014 | Energy | International Trade | Ports & Terminals | Terminals

The OPEC Reference Basket finished down $9.49 at $75.57/b in November, amid increasing supplies and sluggish global growth. ICE Brent fell $8.42 to $79.63/b, while Nymex WTI lost $8.53 to stand at $75.81/b. The Brent-WTI spread widened slightly to average $3.82/b in November. Read More »

Moody’s: Outlook for US ports changed to stable from negative on recovery of container volumes

AJOT | December 11, 2014 | Ports & Terminals | PT Finance News | Ports

Moody’s Investors Service has changed its outlook for the US ports to stable from negative as container volumes continue to recover. “Our new stable outlook is based on the view that the continuing recovery in US container-volume growth is sustainable and that business conditions for global shipping lines, which drive cargo volume, have stabilized,” says Myra Shankin, a Moody’s Analyst, in “2015 Outlook — US Ports.” Read More »

AAPA Notes Support For U.S. Seaports Continues In FY’15 ‘Cromnibus’ Bill Agreement

AJOT | December 11, 2014 | Ports & Terminals | Regulatory Issues

In reviewing the proposed $1.01 trillion Consolidated and Further Continuing Appropriations Act of 2015 hammered out in Congress late yesterday, the American Association of Port Authorities (AAPA) noted that there are significant increases for the U.S. Army Corps of Engineers’ Harbor Maintenance Tax (HMT) operations and maintenance (O&M) activities and construction budgets, Read More »

ICSID Negates Its Jurisdiction for Arbitrating Fraport’s Compensation Claim Against Philippines

AJOT | December 11, 2014 | Air Cargo

ICSID Again Negates Its Jurisdiction for Arbitrating Fraport’s Compensation Claim Against the Republic of the Philippines. Fraport Will Carefully Analyze the Decision – PIATCO and Fraport Continue to Pursue Their Shared Interests in the Philippines. Read More »

Exxon forecasts significant increase in energy demand by 2040

AJOT | December 11, 2014 | Energy

Significant growth in the global middle class, expansion of emerging economies and an additional 2 billion people in the world will contribute to a 35 percent increase in energy demand by 2040, according to a new report released today by ExxonMobil. Read More »

Conglomerate Libra ramps up container ship buying, bets on upturn

Reuters | December 11, 2014 | Liner Shipping

Global conglomerate Libra is snapping up container ships, betting on a sector recovery and lower oil prices which will cut costs and boost profitability, the group’s chief executive said. Read More »

Inchcape Shipping Services announces new Executive Vice President, North America

AJOT | December 11, 2014 | People | Appointments | Transport Intermediaries

Inchcape Shipping Services announces new Executive Vice President, North America

Inchcape Shipping Services (ISS), the world's leading maritime, cargo and supply chain solutions provider has announced a key hire to its senior management team with the appointment of Steve Schollaert as Executive Vice President for North America region. Read More »

International Trade Rises 6.8% at Port Everglades WorldCity Business Reports for First Nine Months

AJOT | December 11, 2014 | Ports & Terminals | Ports | Container Port

Port Everglades is experiencing a surge in international trade with a 11 percent increase in TEUs (20-foot equivalent units, the industry’s standard measurement for container volumes) and a 6.85 percent increase in the dollar value of all waterborne commerce during the first nine months of calendar year 2014 compared to same period in 2013, according Port statistics and a report released today by WorldCity. Read More »

Fraport Cargo Services honors AirBridgeCargo, their largest international cargo carrier

AJOT | December 11, 2014 | Air Cargo

Fraport Cargo Services (FCS) has acknowledged AirBridgeCargo Airlines (ABC) as its largest international air cargo carrier at Frankfurt Airport in 2014 in the company’s annual ceremony to honour its top cargo carriers. Read More »

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