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Cathay Pacific says 2010 profit at least HK$12.5 blllion

AJOT | November 15, 2010 | Air Cargo

Cathay Pacific Airways Ltd , Hong Kong's flagship carrier, said that net profit for 2010 will be HK$12.5 billion ($1.6 billion) or more, as business rebounds following the global downturn.

The company posted a profit of HK$6.84 billion for the first h Read More »

Brown to spearhead Coyne Airways’ sales in the US

AJOT | November 15, 2010 | Air Cargo

Coyne Airways has appointed John Brown as Director of Sales USA.
The appointment will see John lead Coyne Airways' commercial activities in North America, heading up the company's growing sales team in the region. In his new post, John is ba Read More »

Maersk hires banks for possible bond issue

AJOT | November 15, 2010 | Liner Shipping

Danish shipping and oil group A.P. Moller-Maersk is considering a new offering of bonds and has engaged banks to advise it.

Investor relations chief Henrik Lund said on Friday the group had hired Barclays, BNP Paribas, Danske Bank, HSBC and R Read More »

Horizon Lines to launch US inland express network for Five Star Express Trans-Pacific Liner Service

AJOT | November 15, 2010 | Liner Shipping

Horizon Lines, the leading U.S. domestic ocean shipping and integrated logistics company, announced it will launch express intermodal container service to key inland U.S. cities when it begins the new Five Star Express (FSX) trans-Pacific liner service in Read More »

Crowley names new General Manager of Puerto Rico Operations

AJOT | November 15, 2010 | Liner Shipping

Crowley Maritime Corporation announced that Jose "Pache" Ayala has been promoted to general manager of operations for the company's liner services group in Puerto Rico. In this role, he will direct port operations, equipment control, information technolog Read More »

Premium Article  Consolidation in shipping to rise in 2011

AJOT | November 11, 2010 | International Trade | Liner Shipping | Transport Intermediaries

Acquisitions and joint ventures in the shipping sector are set to pick up next year as prospects improve for seaborne trade and optimism among freight players grows, a survey showed.

The poll by law firm Norton Rose of 679 international transport comp Read More »

Panama-flagged ship seized off Somalia waters

AJOT | November 11, 2010 | Breakbulk & Projects

Pirates have seized a Panama-flagged chemical tanker with a crew of 31 off the coast of Somalia, the European Union Naval Force for Somalia (EU Navfor) said.

The anti-piracy taskforce EU Navfor said that the 24,105 tonne MV Hannibal II was taken while Read More »

Port of Quincy holds important rural freight mobility summit

AJOT | November 11, 2010 | Ports & Terminals

The Port of Quincy recently held a Rural Freight Mobility Summit at Cave B Inn at SageCliffe near Quincy, Washington. Over 70 agricultural, food processing, railroad, trucking, ocean cargo, economic development, warehousing and distribution leaders attend Read More »

Port of Wilmington to provide logistical support to GE’s wind turbine projects

AJOT | November 11, 2010 | Ports & Terminals

General Electric’s (GE) wind energy division has again selected the Port of Wilmington, Delaware as its port of entry for several large shipments of wind turbine blades. M/V Industrial Freedom, arriving on Wednesday, November 10, is the first of four vess Read More »

Maersk ports unit expects market share growth

AJOT | November 11, 2010 | Ports & Terminals

Port facilities firm APM sees opportunities to grow faster than the broader market, its chief financial officer said.

APM aims to expand its business also with shippers other than Maersk Line after it lost some market share in 2010 by selling minority Read More »

Greenbrier Q4 loss wider than expected; sees loss in Q1

AJOT | November 11, 2010 | Intermodal

Railroad equipment supplier Greenbrier Cos Inc posted a wider-than-expected quarterly loss, hurt by lower new railcar deliveries and a slowdown in marine production rates, and said it expects to report a net loss for the current quarter.

Reve Read More »

NASSTRAC calls for release of proposed hours of service rules

AJOT | November 11, 2010 | Intermodal

A recurring theme in recent weeks has been the importance of reducing uncertainty to promote economic growth. Congress recessed for the November 2 elections without producing a new federal budget, or addressing the future of the Bush tax cuts or the estat Read More »

GI Jobs names Union Pacific Railroad one of America’s top military-friendly employers

AJOT | November 11, 2010 | Intermodal

GI Jobs has named Union Pacific Railroad as one of America's top military-friendly employers for 2010. Ranked No. 12, it is the seventh time in eight years the nation's premier career guide for military job seekers has named Union Pacific to its list. Read More »

Mexico says

AJOT | November 11, 2010 | Intermodal

Mexico will slap retaliatory tariffs on a new set of U.S. goods unless Washington moves to resolve a decade-old trucking dispute and the "clock is ticking" for action, Mexico's economy minister told Reuters.

President Felipe Calderon's govern Read More »

Trucking industry expert returns to ATA 
as Senior VP of Legislative Affairs

AJOT | November 11, 2010 | Intermodal

The American Trucking Associations (ATA) is pleased to announce the appointment of Mary Phillips as Senior Vice President of Legislative Affairs. Phillips returns to ATA after serving as Vice President of Legislative Affairs in 2005 and 2006. At that time Read More »

CN maintains leadership role in 2010 Carbon Disclosure Project

AJOT | November 11, 2010 | Intermodal

CN said it has been recognized for excellence in climate-change reporting among Canadian and global corporations surveyed by the Carbon Disclosure Project (CDP).

CN was named to the CDP's 2010 Canada 200 Carbon Disclosure Leadership Index for Read More »

EU acts to help sugar exporters, refiners

AJOT | November 11, 2010 | International Trade

The European Union looked to take advantage of near-record high world sugar, as it took steps to boost EU exports of refined sugar and secure cheaper imports of raw cane sugar for its refineries.

In a first move, the European Commission said it would Read More »

Obama at G20: US needs faster growth to curb deficit

AJOT | November 11, 2010 | International Trade

President Barack Obama, in a clear message to other leaders at the G20, said that the best way to control the massive U.S. budget deficit was to help the economy grow faster.

"The single most important thing we can do to reduce our debt and our defici Read More »

Qatar’s H1 imports value drops 20%, cars top commodity

AJOT | November 11, 2010 | International Trade

The value of imports into Qatar fell 20.2 percent in the first half of the year compared with the same period last year, data from the Gulf state's statistics authority showed.

Imports for the first half of 2010 totalled 37 billion riyals ($10.2 billi Read More »

EU, Africa relations soured by trade

AJOT | November 11, 2010 | International Trade

Stalled trade negotiations between the European Union and African states have soured relations between the two continents, the European Union's chief trade negotiator. Read More »

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