Old Dominion CFO honored as one of ‘America’s Best CFOs’

AJOT | March 13, 2011 | Intermodal

J. Wes Frye, senior vice president ' finance and CFO of Old Dominion Freight Line Inc., has been recognized on Institutional Investor's America's Best CFOs list for 2011.

Frye ranked second on the Airfreight & Surface Transportation industry list and Read More »

Trade rules to curb foreign subsidies

AJOT | March 13, 2011 | International Trade

The European Union should rely on international trade rules, rather than protectionist tools, to ensure that foreign bids for EU companies are not backed by state aid, the EU's antitrust chief said.

EU Competition Commissioner Joaquin Almunia's commen Read More »

Obama to name Locke as new US ambassador to China

AJOT | March 13, 2011 | International Trade

U.S. President Barack Obama will nominate Commerce Secretary Gary Locke, who this year criticised China for not opening its markets, as next U.S. ambassador to Beijing, two administration officials said.

Locke would be the first Chinese American to se Read More »

FTR Shippers Condition Index remains in low territory

AJOT | March 13, 2011 | International Trade

As reported in the March Issue of FTR's Shippers Update, the firm's Shippers Condition Index (SCI) remained in low territory in February with a value of -5.2. FTR expects the index to fall further as the outlook for capacity shortages worsen in the seaso Read More »

China rare earth accounting change masks export slump

AJOT | March 13, 2011 | International Trade

China's customs authority has changed the way it presents rare earths exports, a Reuters analysis of the figures showed, giving the impression that January's exports were six times bigger than they would have been under the old methodology. Read More »

Zepol reports February containerized imports fall 9.94%

AJOT | March 13, 2011 | International Trade

Zepol Corporation, the leading trade intelligence company,reports that import shipment volume for February, measured in TEUs, decreased 9.94% from January and increased 9.03% over February 2010. The total number of shipments also decreased 11.09% from Jan Read More »

Envirotainer’s new e-technology container RAP e2 carries first commerical shipment

AJOT | March 13, 2011 | Air Cargo

Envirotainer's new RAP e2, the next generation of e-technology air cargo containers for highly sensitive healthcare products, has successfully delivered its first commercial shipment.

The milestone first shipment ' which followed airworthiness certifi Read More »

Lufthansa Cargo appoints new area managers

AJOT | March 13, 2011 | Air Cargo

Lufthansa Cargo has appointed new area managers for Germany and the Europe/Africa region. J. Florian Pfaff (47), currently Lufthansa Cargo Vice President Area Management Europe and Africa is to assume responsibility for the cargo carrier's home market Ge Read More »

Heavy lift, project cargo sees less capacity and higher rates for air services

AJOT | March 13, 2011 | Air Cargo

While most heavy lift, project cargo is transported around the globe via ocean transport, heavy lift air cargo airlines take the load to locations that need specialized cargo fast. Consider the following, for example:

When medical equipment from the N Read More »

TSA cooking the books uncovered

AJOT | March 13, 2011 | Air Cargo

The U.S. Government Accountability Office (GAO) released a letter to Transportation Committee Chairman John L. Mica (R-FL) that confirms the Transportation Security Administration (TSA) has used faulty data and withheld information when evaluating and com Read More »

Incheon and Schiphol join hands in e-freight drive

AJOT | March 13, 2011 | Air Cargo

Amsterdam Airport Schiphol and Korea's Incheon International Airport have today signed a Memorandum of Understanding (MoU), in which the two major cargo gateways will cooperate in the promotion of 'e-freight' (paperless air cargo transportation) as a mean Read More »

Cathay Pacific posts record profit but oil a 2011 risk

AJOT | March 13, 2011 | Air Cargo

Cathay Pacific Airways, Asia's No.5 carrier by market value, said it bought 15 Airbus A330-300 and 10 Boeing 777-300ER aircraft in March with a combined catalogue price of about $6 billion. The order followed December's purchase of two Airbus A350-900 air Read More »

Maersk, Dubai to invest in Qingdao Port expansion

AJOT | March 13, 2011 | Liner Shipping

A.P. Moeller-Maersk and other foreign investors will invest in Qingdao Port Group's $4.6 billion expansion scheme in the next five years, a senior Chinese executive said.

Qingdao Port is joining Shanghai International Port (Group) Co (SIPG) and other Read More »

Evergreen Line will launch Intra-Asia new HBI route

AJOT | March 13, 2011 | Liner Shipping

Continuously optimistic about the Intra-Asia market development, Evergreen Line will launch a new ocean route from Northern China to Jakarta, which is called the HBI service, to provide prompt and convenient service between the regions. Read More »

Maersk Line zero SOx program prompts new fuel switch solution

AJOT | March 13, 2011 | Liner Shipping

As part of Maersk Line's drive to cut sulphur emissions from its fleet towards zero, the shipping line continues to expand on its fuel-switch implementations. Today the program is implemented in New Zealand.

Switching from bunker to low-sulphur fuel i Read More »

NSCSA signs new shipbuilding contracts for general cargo vessels

AJOT | March 13, 2011 | Liner Shipping

The National Shipping Company of Saudi Arabia (NSCSA) signed 4 shipbuilding contracts + 2 additional optional contracts, the 06th March, 2011 with Hyundai MIPO of South Korea. The contracts' value including the 2 optional contracts amounts to 1,543 Millio Read More »

NOL carries 5% more cargo in 6 weeks to Feb 11

AJOT | March 13, 2011 | Liner Shipping

Neptune Orient Lines (NOL) said its container shipping volumes for the six weeks to Feb 11 rose five percent from a year ago, helped by higher traffic on the intra-Asia and Asia-Europe routes.

NOL carried 321,600 forty-foot equivalent units (FEUs) dur Read More »

American Feeder Lines service to resurrect feeder ship services in the Northeast and beyond

AJOT | March 13, 2011 | Liner Shipping

Earlier this month, New York City-based American Feeder Lines announced that the company would launch a feeder ship service linking Boston, Portland, Maine and Halifax in the 2nd quarter of this year. The service is not a new idea. Services have come a Read More »

Crowley announces new service between the Dominican Republic, Puerto Rico & St. Thomas, USVI

AJOT | March 13, 2011 | Liner Shipping

Crowley Maritime Corporation's liner services group will launch a new Ro/Ro (Roll-on/Roll-off) liner cargo service March 17 between Santo Domingo, Dominican Republic; San Juan, Puerto Rico; and St. Thomas, USVI.

The fixed weekly schedule will not on Read More »

Hamburg S’d announces North America East Coast to Europe general rate increase

AJOT | March 13, 2011 | Liner Shipping

Hamburg S'd announced a General Rate Increase (GRI) to be applied on all cargo moving from the East Coast of the U.S.and Canada to Europe, effective April 15, 2011. Read More »