To see why Amtrak’s losses mount, hop on the Empire Builder train

Reuters | May 28, 2015 | Intermodal | Rail

Its passengers are mostly silver-haired retirees, oil-field workers and a few young families gazing out the windows of Amtrak’s least-profitable and third-longest line, rumbling from Chicago through eight states and on to the American West Coast. Read More »

Dry bulk shipper Golden Ocean says in worst market since 1980s

Reuters | May 28, 2015 | Breakbulk & Projects | Breakbulk

Dry bulk shipping firm Golden Ocean reported first-quarter earnings below forecasts on Thursday and said its market had gone from “bad to worse” with market conditions not seen in three decades. Read More »

Asia Dry Bulk-Capesize rates to soften in absence of coal, iron ore cargoes

Reuters | May 28, 2015 | Breakbulk & Projects | Breakbulk

Rates for capesize bulk carriers are likely to remain soft in the absence of coal cargoes and significant charter volumes from Brazil, ship brokers said. Read More »

Dry bulk shipper Golden Ocean makes Q1 loss on impairments

Reuters | May 28, 2015 | Breakbulk & Projects | Breakbulk

Dry bulk shipping firm Golden Ocean reported first-quarter net earnings below forecasts on Thursday due to a large impairment charge and said its market went from “bad to worse” during the quarter. Read More »

Fortescue tie-up with a China steel group makes sense-official

Reuters | May 28, 2015 | International Trade

Debt-heavy Australian iron ore miner Fortescue Metals Group could find willing investors in Chinese steel mills anxious to ensure multiple sources of supply for the raw material, a senior Chinese government official said on Thursday. Read More »

Indonesia’s Pertamina signs MoU for Kalibaru fuel storage terminal

Reuters | May 28, 2015 | Energy | Maritime

Indonesia’s Pertamina signed a memorandum of understanding (MoU) with state port firm Pelindo II and shipping firm ASDP to build a fuel import terminal in Kalibaru, State Owned Enterprise Minister Rini Soemarno said on Thursday. Read More »

Federal government orders pipeline company to clean California oil spill

Reuters | May 27, 2015 | Energy | Pipeline

The federal government on Wednesday ordered a company at the center of a Southern California oil spill to continue its efforts to clean up the pipeline breach that dumped crude onto a pristine stretch of shoreline and into the Pacific Ocean. Read More »

California oil spill cited by foes of new offshore drilling plan

Reuters | May 27, 2015 | Energy | Discovery

Environmentalists urged California regulators on Wednesday to reject a proposed expansion of the only offshore drilling operation still permitted in state waters along the Santa Barbara coastline, seizing on public outrage over last week’s nearby oil spill. Read More »

Somaliland to pick Berbera port partner by end of year

Reuters | May 27, 2015 | Ports & Terminals | Ports

Somaliland expects to choose a partner to develop and manage its Berbera port by the end of the year, with construction expected to start early next year, the breakaway territory’s foreign minister said on Wednesday. Read More »

Chile exporters fret as customs strike stretches on

Reuters | May 27, 2015 | International Trade

A customs strike in Chile that began last week has started to affect exports and imports, although miners in the top copper producer said this week they have not yet been significantly impacted. Read More »

Southeastern Receives BASF’s Supplier of the Year Less Than Truckload Award

AJOT | May 27, 2015 | Intermodal | Road

Southeastern Freight Lines, the leading provider of regional less-than-truckload (LTL) transportation services, today announced it received the “Supplier of the Year Less Than Truckload Award” from BASF, the largest chemical company in the world. Read More »

Yusen Logistics Group Certified Halal-compliant in Malaysia

AJOT | May 27, 2015 | Transport Intermediaries

Berhad, Yusen Logistics subsidiary in Malaysia, has acquired halal certification, issued on 16th April by the Malaysian government’s certification organization, the Department of Islamic Development Malaysia (JAKIM). Read More »

Brazil petroleum group suggests changes to national-content rules

Reuters | May 27, 2015 | Energy | Maritime | International Trade

Brazil’s national oil-industry association, IBP, released a list of suggestions for regulatory changes on Monday that it hopes will boost exploration activity in the wake of falling oil prices, high costs, delays and a graft scandal at state-run oil company Petrobras. Read More »

X2 Member AIB Internacional pilots livestock export from Rio Grande do Norte - Brasil

AJOT | May 27, 2015 | Air Cargo

Coordinating two full charters of live cattle shipment, AIB Internacional, a proud member of X2 Elite and X2 Projects, has led the transport of 356 live Guzerá Breed Bovine en route for Senegal, Africa. Read More »

IAG Cargo takes off in Kuala Lumpur

AJOT | May 27, 2015 | Air Cargo

IAG Cargo has officially opened its newest route, operating between London Heathrow and Kuala Lumpur. Read More »

CEVA hosts 5th Global Supplier Awards

AJOT | May 27, 2015 | Transport Intermediaries

Alfaland CEVA’s Supplier of the Year; Awards recognize best practice and excellence among CEVA’s suppliers Read More »

C.H. Robinson Celebrates 25 Years of Business in Mexico

AJOT | May 27, 2015 | Transport Intermediaries

Confident and poised for future growth, C.H. Robinson is proud to be celebrating a quarter of a century of business operations in Mexico. Read More »

Sony mobile exec: pricing tweaks, cost cuts to cope with dollar’s rise

Reuters | May 27, 2015 | International Trade

The head of Sony Corp’s loss-making mobile telecoms unit plans to tweak handset prices and cut costs if need be to absorb the dollar’s sharp rise versus the yen, citing currency shifts as a bigger potential threat to the Japanese electronics maker’s efforts to turn the business around than competition. Read More »

Freeseas Enters Agreement for the Financing of Vessel Acquisition

GlobeNewswire | May 26, 2015 | Breakbulk & Projects | Breakbulk

Company also Concludes Sale of Two Vessels, Places Mortgage on One Vessel, and Enters Into Long-Term Bareboat Charters Read More »

California oil spill takes toll on marine mammals, birds

Reuters | May 26, 2015 | Energy | Maritime

More than two dozen marine mammals and nearly 40 birds, most of them pelicans, have been collected dead and alive from along California’s oil-fouled coastline near Santa Barbara in the week since a petroleum pipeline ruptured there, wildlife officials said on Tuesday. Read More »