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Russia steel baron eyes First Freight stake

AJOT | June 06, 2010 | Intermodal

Vladimr Lisin, the owner and chairman of Novolipetsk Steel , wants to buy a strategic stake in First Freight Co, Russia's second-largest rail freight operator, two sources told Reuters.

Lisin, ranked Russia's richest man by Forbes magazine, i Read More »

Trucker YRC sees May gains; stock split upcoming

AJOT | June 06, 2010 | Intermodal

Troubled trucking company YRC Worldwide is on the road to recovery, according to its Chairman Bill Zollars, who said operations improved in May and were expected to gain more ground in the coming months.

After a brush with bankruptcy last yea Read More »

Brazil’s trade surplus widens in May on exports

AJOT | June 06, 2010 | International Trade

Brazil's May trade surplus came in above forecasts and widened from a year ago, as exports grew faster than imports.

Brazil posted a trade surplus of $3.443 billion in May, compared with a previously-reported surplus of $1.28 billion in Apri Read More »

EU says exporters face persistent trade barriers

AJOT | June 06, 2010 | International Trade

The European Union faces persistent barriers to free trade from some of its most important partners, despite a gradual improvement in the global economy, the EU executive said in a report released. Read More »

Poor country trade hammered by commodity prices

AJOT | June 06, 2010 | International Trade

The drop in commodities prices following the financial crisis has made it much harder for the world's poorest countries to buy manufactured goods, according to a study.

The report by the International Trade Center (ITC) shows that least devel Read More »

Russia, Kazakhstan agree customs union minus Belarus

AJOT | June 06, 2010 | International Trade

Russia and Kazakhstan agreed to launch a customs union from July 1 in a move that complicates accession talks with the World Trade Organization (WTO) and further sours relations with Belarus.

Russia will resume accession talks, now in their s Read More »

WTO questions China’s export barriers

AJOT | June 06, 2010 | International Trade

China's curbs on exports of some raw materials to conserve resources may not meet the stated goals while giving Chinese manufacturers an unfair advantage, the World Trade Organization said.

The remarks, in a report prepared for China's two-ye Read More »

Steel imports inch up in April

AJOT | June 06, 2010 | International Trade

Total imports of steel mill products increased in April over March by 0.9 percent, according to preliminary government reporting. 'The small increase in arrivals in April show that slow improvement in the market continues, based on market conditions early Read More »

Belarus says ready for compromise over customs union

AJOT | June 06, 2010 | International Trade

Belarus is ready to compromise to be able to join a Russia-dominated customs union, state media quoted President Alexander Lukashenko as saying.

Last week, Russia and Kazakhstan agreed to launch the union on July 1 without Belarus. The new tr Read More »

Hactl announces May tonnage throughput

AJOT | June 06, 2010 | Air Cargo

Hong Kong Air Cargo Terminals Limited (Hactl) treleased its tonnage throughput for May 2010. Hactl again achieved another record high in the month - the highest daily tonnage throughput which was reached on 13 May 2010, with a total of 10,184 tons Read More »

WFS Spain gains Authorized Economic Operator (AEO) status

AJOT | June 06, 2010 | Air Cargo

Worldwide Flight Services (WFS) has become the first cargo handler in Spain to be certified as an Authorized Economic Operator (AEO).

WFS is also the first of the major handling organizations in Europe to gain AEO certification.

Read More »

Air cargo volumes rebound quickly in Q1, IATA says

AJOT | June 06, 2010 | Air Cargo

Air cargo volumes rebounded by an annualised 26 percent in the first quarter, and shippers and cargo executives expect a strong 2010 although growth could slow in the second half, the International Air Transport Association said.

In a snapsho Read More »

‘Ash cloud’ disruption highlights need for modernized air traffic management systems

AJOT | June 06, 2010 | Air Cargo

The volcanic ash cloud that caused major week-long disruption to the aviation industry could provide a stimulus for much-needed modernization of air traffic management systems, according to The International Air Cargo Association (TIACA)

The Read More »

Premium Article  Going green in NYNJ

Peter Buxbaum | May 31, 2010 | Ports & Terminals

Port Authority has series of programs to reduce emissions
Elevated volumes of international trade in recent years has led to an increase in the number of ship calls at major U.S. seaports. This, in turn, has highlighted the contribution that Read More »

Premium Article  Northern Europe:  NYNJ’s legacy market

Peter Buxbaum | May 31, 2010 | International Trade | Ports & Terminals

Trade shows new signs of life in 2010
The port of New York and New Jersey's trade with Asia has grown by leaps and bounds over the last couple of decades. Asia became the port's largest market in 2000 and since 2002 has accounted for over 50 Read More »

Premium Article  NYNJ’s capital investment priorities

Peter Buxbaum | May 31, 2010 | Ports & Terminals

Dredging, rail, bridge replacement top the list
The global economic downturn has hit cargo volumes at the port of New York and New Jersey in the last couple of years appears. But with apparent signs of a recovery, the Port Authority is looki Read More »

Premium Article  Project and heavy lift holding its own at NYNJ

Peter Buxbaum | May 31, 2010 | Breakbulk & Projects | Ports & Terminals

Airliner fuselages, power generation components are mainstays
The port of New York and New Jersey is best known for handling containers and automobiles. But if you watch a ro/ro vessel being offloaded, you will see, not only motor vehicles b Read More »

Premium Article  Nadler hails Port Authority’s acquisition and redevelopment of Greenville Yards, Jersey City

AJOT | May 31, 2010 | Ports & Terminals

Congressman Jerrold Nadler (D-NY), the senior Northeastern member of the House Transportation and Infrastructure Committee, hailed the Port Authority of New York and New Jersey’s purchase of Greenville Yards in Jersey City for the development of a modern Read More »

South Africa union signs deal, ends Transnet strike

AJOT | May 27, 2010 | Ports & Terminals

South African logistics group Transnet reached a pay deal with a union, ending a transport strike that has disrupted railways and ports in Africa's biggest economy two weeks before the World Cup.

The strike, in its third week, affected coal e Read More »

Georgia’s deepwater ports support state’s economy during recession

AJOT | May 27, 2010 | Ports & Terminals

Georgia Ports Authority (GPA) Executive Director Curtis J. Foltz announced the results of a study that confirms Georgia’s deepwater ports continue to be one of the state’s strongest economic engines, fostering the development of virtually every industry. Read More »

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