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Shipping firms turn to equity markets as sector eyes recovery

Reuters | April 17, 2014 | Transport Intermediaries

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector recovering from its worst downturn since the 1980s. Read More »

U.S. Army Corps of Engineers offers its final approval for Jacksonville Harbor Deepening

AJOT | April 17, 2014 | Ports & Terminals

U.S. Army Corps of Engineers offers its final approval for Jacksonville Harbor Deepening

The U.S. Army Corps of Engineers today issued a final Chief’s Report approving the Jacksonville Harbor Deepening Project, clearing the way for congressional authorization in an upcoming Water Resources Development Act. Read More »

Bunker Adjustment Factor – Update - North East Asia to Australia

AJOT | April 17, 2014 | Liner Shipping

Hapag-Lloyd will revise the Bunker Adjustment Factor effective May 17, 2014. Read More »

Union Pacific Reports Record First Quarter

AJOT | April 17, 2014 | Intermodal

Union Pacific Corporation (NYSE: UNP) today reported 2014 first quarter net income of $1.1 billion, or $2.38 per diluted share, compared to $957 million, or $2.03 per diluted share, in the first quarter 2013. Read More »

Throughput of Port of Rotterdam practically stable

AJOT | April 17, 2014 | Ports & Terminals

The Port of Rotterdam’s throughput in the first quarter of 2014, at 109 million tonnes, was 0.2% below the level for the corresponding period last year.Split up by goods type, less crude oil (‑2%), mineral oil products (‑14%) and other liquid bulk cargo (‑14%) were transferred. On the positive side, iron ore and scrap (+5%), coal (+15%), agribulk (+69%), other dry bulk cargo (+13%), containers (+1%), roll on/roll off (+9%) and other mixed cargo (+9%) did better. Read More »

German court sentences Somali pirate to 12 years for kidnapping

Reuters | April 17, 2014 | Liner Shipping

A German court sentenced a Somali asylum-seeker to 12 years in jail on Thursday, for his involvement in the pirate hijacking of a tanker in the Indian Ocean in 2010. Read More »

Deutsche Post sees immunity for DHL in Singapore cartel probe

Reuters | April 17, 2014 | Ports & Terminals | Transport Intermediaries

Deutsche Post expects its DHL forwarding business to be granted immunity from prosecution and fines by Singapore antitrust authorities, who are investigating 11 companies for alleged price fixing, the German logistics company said. Read More »

Port of Everett releases 2 RFPs for equipment

AJOT | April 17, 2014 | Ports & Terminals

Port of Everett releases 2 RFPs for equipment

The Port of Everett has released 2 major proposals fore heavy equipment that are due by May 14th, 2014 including 1-4 new reach stackers and 1-2 mobile harbor cranes. Read More »

BP says shore clean-up after Gulf of Mexico oil spill ends

Reuters | April 16, 2014 | Ports & Terminals

BP Plc said the U.S. Coast Guard on Tuesday ended patrols and operations on the final three shoreline miles in Louisiana, bringing to a close the four-year cleanup of the Gulf Coast following the Deepwater Horizon oil spill. Read More »

Australia’s Padbury delays detailing $6 bln port funding

Reuters | April 16, 2014 | Ports & Terminals

Padbury Mining on Thursday failed to reveal the investors behind a more than $6 billion port and rail project in Western Australia’s iron ore belt, asking for its shares to remain suspended until it can provide details on the huge deal. Read More »

Crashes in crucial U.S. crude waterway fall to 10-year low

Reuters | April 16, 2014 | Liner Shipping

Serious crashes in the bustling Bay of Galveston have fallen to the lowest level in a decade even as more oil moves on U.S. waterways, official data show, suggesting that better training and equipment are helping avert spills like one in March. Read More »

BNSF, CP railroads ordered to report U.S. fertilizer delivery plans

Reuters | April 16, 2014 | Intermodal

U.S. officials ordered BNSF Railway Co and Canadian Pacific Railway Co to report by Friday their plans to ensure timely fertilizer deliveries to the U.S. Farm Belt ahead of the spring planting season. Read More »

Vapores, Hapag-Lloyd sign deal for business tie-up

Reuters | April 16, 2014 | Liner Shipping

Chilean shipper Compania SudAmericana de Vapores on Wednesday said it has signed a binding deal with Germany’s Hapag-Lloyd to create the world’s fourth-largest container-shipping company. Read More »

Kansas City Southern revenue rises on higher grain shipments

Reuters | April 16, 2014 | Intermodal

Railroad operator Kansas City Southern reported a 10 percent rise in first-quarter revenue, helped by higher shipments in its agriculture business. Read More »

TUI stake in Hapag-Lloyd to drop to 13.9 pct after CSAV tie-up

Reuters | April 16, 2014 | Liner Shipping

German travel and tourism company TUI AG’s stake in container shipping company Hapag-Lloyd will drop to 13.9 percent following the latter’s tie-up with Chilean peer Compania SudAmericana de Vapores. Read More »

Vapores, Hapag-Lloyd ink binding agreement for business tie-up

Reuters | April 16, 2014 | Liner Shipping

Chilean shipper Compania SudAmericana de Vapores on Wednesday said it has signed a binding deal with Germany’s Hapag-Lloyd to tie-up their businesses and create the world’s fourth-largest container-shipping company. Read More »

Celadon Trucking Awarded 2013 Gold Carrier of the Year by Lowe’s

PR Newswire | April 16, 2014 | Intermodal

Celadon Group, Inc.‘s Celadon Trucking Services announced that it was recently recognized by home improvement retailer Lowe’s Companies, Inc. with its prestigious Gold Carrier of the Year award. Read More »

Boosting West Coast exports seen key for moving bigger Canada crops

Reuters | April 16, 2014 | Ports & Terminals

Canada needs to invest in shipping more grains and oilseeds off the West Coast as harvests get larger, to avoid the massive transportation backlogs that followed last year’s record crops, industry officials said on Wednesday. Read More »

Veolia Transportation’s DRIVE(R) Program Receives International Award for Innovation and Sustainable

GlobeNewswire | April 16, 2014 | Breakbulk & Projects

Veolia Transportation’s DRIVE® program recently received an international award for Innovation and Sustainable Development from Caisse des Depots. Launched in May 2011, the Innovation and Sustainable Development Trophies recognize initiatives that are exemplary breakthroughs in sustainable development. Read More »

Public Invited to Share Input on Pennsylvania Transportation Priorities for Long-Range Planning

PR Newswire | April 16, 2014 | Intermodal

HARRISBURG, Pa., April 16, 2014 /PRNewswire-USNewswire/ -- The public is invited to share their feedback on transportation priorities and investments through a survey at www.PAOnTrack.com as part of PennDOT's efforts to update the state's Long Range Transportation Plan and develop the state's first-ever Comprehensive Freight Movement plan.

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