Kansas City Southern profits up

AJOT | April 24, 2011 | Intermodal

U.S. railroad Kansas City Southern reported first-quarter profits that were slightly higher than expected, with increased revenues driven by its automotive and intermodal business.

Those two sectors are the company's biggest growth engines, it said on Read More »

Union Pacific misses EPS estimate

AJOT | April 24, 2011 | Intermodal

Union Pacific Corp reported higher quarterly profits and revenue on increased volumes in all commodities it ships, but missed earnings forecasts.

Volume should keep expanding with the economy, producing record profits this year, and fuel surcharges wi Read More »

Special interests challenge RailAmerica safety plan

AJOT | April 24, 2011 | Intermodal

A special-interest group consisting of the American Chemistry Council; the Chlorine Institute, Inc.; The Fertilizer Institute; and PPG Industries, Inc., filed a complaint before the federal Surface Transportation Board (STB) seeking to halt implementation Read More »

US, China copyright trade spat heads for next stage

AJOT | April 24, 2011 | International Trade

China and the United States started the clock on a new stage of their trade dispute over films, books and music, a signal Washington will go ahead with a threat to seek retaliation rights.

The battle, one of a series between the world's two top tradin Read More »

Brazil says more meat plants to export to China

AJOT | April 24, 2011 | International Trade

China has significantly expanded the number of Brazilian beef and poultry firms that can export to it, Brazil's farm minister Wagner Rossi said, on his return from trade talks in the Asian nation.

China added a further 25 firms to its list of approved Read More »

Antigua says US. online poker shutdown was illegal

AJOT | April 24, 2011 | International Trade

The United States violated global trade law by shutting down Internet gambling sites based in Antigua and elsewhere and prosecuting their owners, according to Antigua and Barbuda officials considering action in the World Trade Organization.

Antigua an Read More »

China does not need to revalue yuan

AJOT | April 24, 2011 | International Trade

China does not need to revalue the yuan again, an academic affiliated with the People's Bank of China said, arguing instead for the country to focus on reforming its currency regime to make it more market-oriented.

Wang Yong, a professor with the Peop Read More »

Etihad Air revenue up 21.2%, cautious about future

AJOT | April 24, 2011 | Air Cargo

Abu Dhabi's Etihad Airways said its revenue grew by 21.2 percent to $770 million but that the proportion of customers taking up seats dipped due to regional unrest in the region and the earthquake in Japan.

Etihad's seat factor fell slightly to 72.7 p Read More »

Kenya seeks to boost trade with IT project

AJOT | April 24, 2011 | Air Cargo

Kenya aims to half the time it takes to process goods through customs at ports with investment in a $6 million "single window" system where companies will lodge documentation, a government official said.

Trade contributes $16 billion to the Kenyan eco Read More »

Obama administration backs FAA despite uproar

AJOT | April 24, 2011 | Air Cargo

The Obama administration has full confidence in the top U.S. aviation safety official and his agency following a string of highly publicized lapses by air traffic controllers, including one this week involving a plane carrying first lady Michelle Obama. Read More »

West Coast shippers to South Ameriaca aided by ANS, Atlas Air

AJOT | April 24, 2011 | Air Cargo

The global air cargo expertise of Airline Network Services and Atlas Air has been joined to launch export air shipments from the West Coast to South American markets, according to an announcement by Jens Tubbesing, ANS's Chief Executive Officer. Noting th Read More »

Chad inks airport accord with Chinese firm

AJOT | April 24, 2011 | Air Cargo

The government of Chad said it had signed a $1 billion accord with China CAMC Engineering Co for the construction of an international airport about 40 km (25 miles) from the Central African country's capital.

The deal is the second infrastructure proj Read More »

Further expansion for the Wallenborn Group with opening of new location in Stockholm

AJOT | April 24, 2011 | Air Cargo

Wallenborn Group and its affiliate Haugsted AirCargo Services, specialising in air cargo ground services in the Nordic region, has opened an office at Stockholm Arlanda Airport.

The office, located in the new Spirit Air Cargo Handling terminal in Arla Read More »

NOL Group announces CEO succession plan

AJOT | April 24, 2011 | Liner Shipping

NOL Group announced its executive succession plan to appoint Mr. Ng Yat Chung the next Group President and Chief Executive Officer. Mr. Ng will take over from Mr. Ron Widdows, who will retire from his present post at the end of this year and remain as a Read More »

Toyota Logistics Services recognizes Crowley with Prestigious Logistics Excellence Award

AJOT | April 24, 2011 | Liner Shipping

Toyota Logistics Services recently presented Crowley Maritime Corporation's liner services group with its prestigious Excellence in Quality Award for 2010 in recognition of Crowley's outstanding performance transporting thousands of Toyotas from the U.S. Read More »

CMA CGM says 2nd ship docked in Ivoery Coast

AJOT | April 24, 2011 | Liner Shipping

CMA CGM said its second ship arrived in the port of Abidjan following the company's resumption of services to top cocoa producer Ivory Coast.

The arrival of the CMA CGM Cortes ship followed that of the CMA CGM Rabat, which has since left Abidjan, a sp Read More »

Horizon Lines receives Lowe’s Platinum CarrierAward

AJOT | April 24, 2011 | Liner Shipping

Horizon Lines, Inc. the nation's leading domestic ocean shipping company, has been awarded the 2010 Platinum Carrier Award by home improvement retailer Lowe's Companies Inc. Horizon was the only Jones Act ocean carrier so honored. Read More »

Hapag suitors to hand in bids in late May

AJOT | April 24, 2011 | Liner Shipping

TUI AG , co-owner of Hapag-Lloyd, has asked Chinese group HNA and Oman's Onyx Investments to make binding bids for a stake in the shipping group by late May, three people close to the process said.

While the suitors are currently conducting due dilige Read More »

OWL is the first NVOCC to handle freight directly from growers

AJOT | April 24, 2011 | Liner Shipping

Ocean World Lines (OWL), a global, single source NVOCC (non-vessel operating common carrier) and a subsidiary of Pacer International, is helping apple growers in the U.S. increase their exports and meet the growing demand among global consumers for this p Read More »

Piracy spurs India coal buyers to diversify

AJOT | April 19, 2011 | Breakbulk & Projects

Indian coal buyers struggling with Somali pirate attacks on ships from South Africa find taking longer routes of limited use and are turning to Australia and Russia for fuel to avoid the Indian Ocean completely.

Somali pirates, whose hijacking of oil Read More »