Aaras Shipping handles heavy cargo in Pakistan

AJOT | December 16, 2010 | Breakbulk & Projects

Aaras Shipping Agencies, a member of the Worldwide Project Consortium WWPC and Cargo Equipment Experts CEE global networks, chartered the multipurpose vessel "M.V. Hibiscus Lily" through which their clients imported heavy commodities into Karachi Port, P Read More »

Retail container traffic to be Up 9% in December, 17% for the year

AJOT | December 16, 2010 | Ports & Terminals

Import cargo volume at the nation’s major retail container ports is expected to be up 9 percent in December over the same month last year, and 2010 should end with a 17 percent increase over last year, according to the monthly Global Port Tracker report r Read More »

Ports to test non-polluting fuel cell trucks

AJOT | December 16, 2010 | Ports & Terminals

Two new non-polluting trucks powered by zero-emission plug-in electric/hydrogen fuel cells will soon hit the road in the ports of Long Beach and Los Angeles in a demonstration of the cutting-edge green technology.

In an agreement with El Segundo-based Read More »

Pakistan to seek more Chinese help for Gwadar port

AJOT | December 16, 2010 | Ports & Terminals

Pakistan will seek increased Chinese involvement in the operation of a strategic port run by Singapore's state-owned PSA International Ltd , government officials said.

The officials' comments echoed a news report published on the eve of Chinese Premie Read More »

Konecranes to supply 32 container handling machines to ports in Kuwait

AJOT | December 16, 2010 | Ports & Terminals

Konecranes will supply 9 reach stackers and 23 empty container handlers to Kuwait Ports Authority (KPA). Nineteen of the machines were ordered in October 2010 and thirteen in June. The machines will be used for container handling in the ports of Shuwaikh Read More »

Port of Houston CEO Dreyer highlights strong steel performance

AJOT | December 16, 2010 | Ports & Terminals

In his monthly report, Chief Executive Officer Alec G. Dreyer said November's performance continued the pattern of the past three months, with stronger steel numbers outshining container performance during the month.

The Port Authority handled 219,000 Read More »

Panama Canal Authority and North Carolina State Ports Authority establish partnership

AJOT | December 16, 2010 | Ports & Terminals

Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta and North Carolina State Ports Authority CEO Thomas J. Eagar signed a Memorandum of Understanding (MOU) during an official ceremony in Panama City, Panama. Read More »

Regal Logistics purchases new distribution center in US Southeast

AJOT | December 16, 2010 | Ports & Terminals

Regal Logistics announced it purchased a new distribution center at 1980 Technology Drive, Charleston SC 29492, 866-300-5580, regallogistics.com. A multi-million dollar investment, Regal opened for business 351,000 square feet of public warehouse designe Read More »

Transforce to buy Dynamex, trumps Greenbriar bid

AJOT | December 16, 2010 | Intermodal

Transforce Inc , a mid-tier Canadian trucker seeking to gain traction in niche services, said on Tuesday it agreed to buy Dynamex Inc for $248 million, trumping a rival bid from a private equity group.

Montreal-based Transforce said it offered to pay Read More »

China Shenhua to build railway for $2 blllion

AJOT | December 16, 2010 | Intermodal

China Shenhua Energy Co , the world's most valuable coal producer, said it will invest 13.5 billion yuan ($2.03 billion) into the building of a railway. Read More »

Medstr’ms Invest AB acquires all outstanding shares in Intercontainer Scandinavia AB

AJOT | December 16, 2010 | Intermodal

The Stockholm based investment company Medstr'ms Invest AB has acquired all outstanding shares in the Gothenburg based company Intercontainer Scandinavia AB. All staff will be retained on their current terms; the shuttle network within Sweden remains unch Read More »

CN’s Mongeau says company’s remarkable transformation driven by vision, innovation and execution

AJOT | December 16, 2010 | Intermodal

Claude Mongeau, president and chief executive officer of CN, said CN's rise to rail industry leader from industry laggard in "one of the most profound transformations in Canadian business history" is the product of a compelling corporate vision, continual Read More »

US office vacancy to fall slowly next year

AJOT | December 16, 2010 | Intermodal

The U.S. office vacancy rate is expected to peak next year at about the same rate as it did in the last downturn, but high unemployment and vacant space that companies are retaining are likely to drag out a recovery, according to CBRE Econometric Advisors Read More »

Senator Collins scores truck weight reform victory

AJOT | December 16, 2010 | Intermodal

The Coalition for Transportation Productivity (CTP), a group of 180 shippers and allied associations dedicated to responsibly increasing federal weight limits on interstate highways, applauded Sen. Susan Collins (R-ME) for successfully securing a provisi Read More »

US politics could slow Russian WTO bid

AJOT | December 16, 2010 | International Trade

U.S. politics may again delay Russia's accession to the World Trade Organisation as the White House struggles to get Congress to repeal Cold War trade rules, the head of the top U.S. business lobby in Russia said.

A U.S.-Russia bilateral deal is one o Read More »

WTO panel upholds U.S. duty on Chinese tires

AJOT | December 16, 2010 | International Trade

The United States was entitled to impose extra safeguard duties on Chinese tires, a World Trade Organization dispute panel said in a ruling published, rejecting a Chinese complaint.

The dispute contrasted the commitments of governments to fight protec Read More »

WTO to help Russia’s image, hurt its manufacturers

AJOT | December 16, 2010 | International Trade

Russia's long-awaited WTO entry is set to boost investor sentiment but also push domestic manufacturers into a painful struggle to shape up against global competition that could take them years.

After 17 years of talks, Moscow hopes to join the World Read More »

Steel exports edge up in October on improved demand in NAFTA Region

AJOT | December 16, 2010 | International Trade

Exports of steel increased in October by 0.7% over September according to government data. 'Exports in October were essentially unchanged, with a 16.3% increase in exports to Mexico the primary reason for the small increase,' said David Phelps, president Read More »

McDonald’s to double China restaurants by 2013

AJOT | December 16, 2010 | International Trade

McDonald's Corp plans to double the number of its restaurants in China to 2,000 by 2013, a senior executive said as it speeds up expansion in the fastest growing major economy.

The top global fast food chain, which opened its first outlet in the south Read More »

China bans poultry, product imports from Canada province

AJOT | December 16, 2010 | International Trade

China banned poultry and poultry product imports from a province in Canada after an outbreak of bird flu there, the General Administration of Quality Supervision, Inspection and Quarantine said in a statement.

A low-pathogenic H5N2 bird flu outbreak w Read More »