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CN and UTU reach tentative hourly-rate labor agreement on DM&IR territory

AJOT | July 27, 2010 | Intermodal

CN announced that it has reached a tentative labor agreement with the United Transportation Union (UTU) for UTU-represented employees working on the Duluth, Missabe and Iron Range Railway Company (DM&IR). CN purchased the DM&IR as part of its May 2004 acq Read More »

Kansas City Southern profit tops Wall Street view

AJOT | July 27, 2010 | Intermodal

Kansas City Southern posted profit that easily topped Wall Street's expectations on Tuesday, as the U.S. railroad benefited from surging demand to haul autos, agricultural commodities and other goods.

The company reported profit available to Read More »

UPS, Union Pacific beat Street

AJOT | July 27, 2010 | Intermodal

Shipper United Parcel Service Inc and railroad Union Pacific Corp topped Wall Street's expectations when they reported quarterly results as both captured increases in domestic shipping volume.

The numbers posted by the world's largest package Read More »

Latin America should embrace India trade

AJOT | July 27, 2010 | International Trade

Latin America sends only 0.9 percent of its exports to India, a commodity-hungry country that should be a major growth engine for the region, the Inter-American Development Bank said in a report. Read More »

Eaton CEO sees improving M&A environment

AJOT | July 27, 2010 | International Trade

Diversified manufacturer Eaton Corp is seeing an improved deal environment and is more willing to deploy cash toward mergers and acquisitions than toward a stock buyback, its chief executive said.

The company, which reported stronger-than-exp Read More »

WTO seeks more cooperation in natural resource trade

AJOT | July 27, 2010 | International Trade

The World Trade Organization called for countries to work together more closely in trade in natural resources -- an area often seen as exempt from many international commerce rules. Read More »

Rambus wins patent fight with Nvidia, others

AJOT | July 27, 2010 | International Trade

Chip designer Rambus won its fight with graphic chip maker Nvidia and other companies, as a trade panel ruled that Rambus patents had been infringed and ordered a halt to the import of infringing chips. Read More »

Taiwan wins WTO flat-panel tariff case against EU

AJOT | July 27, 2010 | International Trade

Taiwan has won a World Trade Organization dispute against the European Union over LCD flat-screen panel tariffs, saving island exporters up to $611 million a year, local officials and media said. Read More »

EU loses in WTO information technology row

AJOT | July 27, 2010 | International Trade

A World Trade Organization panel has ruled that the European Union was wrong to impose duties on three types of electronics products from the United States and other countries, trade sources said.

The WTO panel backed the United States as wel Read More »

Pilgrim’s Pride to resume chicken exports to Russia

AJOT | July 27, 2010 | International Trade

Pilgrim's Pride Corp said it will resume chicken shipments to Russia shortly as it received formal U.S. approval following last month's agreement between the two countries to restart chicken exports. Read More »

China to accelerate railway spending

AJOT | July 27, 2010 | Air Cargo

China is set to speed up spending in the railway sector in the second half of 2010 as only one third of the full-investment quota was completed in the first half, the Beijing-based China Times reported.

Fixed-asset investment in the railway s Read More »

10th Boeing 747F joins AirBridgeCargo’s fleet

AJOT | July 27, 2010 | Air Cargo

AirBridgeCargo Airlines (ABC), the scheduled cargo airline of Russia's Volga-Dnepr Group, has taken delivery of its third Boeing 747-400 freighter in four months, increasing its total fleet to 10 B747F.

The latest aircraft joined ABC on July Read More »

Continental Air profit bests Wall St estimates

AJOT | July 27, 2010 | Air Cargo

Continental Airlines, which is being bought by United Airlines, posted a second-quarter profit that handily beat Wall Street expectations, helped by higher fares and reduced capacity.

Continental posted net income of $233 million, or $1.46 pe Read More »

Singapore Air Q1 net profit beats forecast

AJOT | July 27, 2010 | Air Cargo

Singapore Airlines, the world's second-largest airline by market value, said a recovery in passenger and freight traffic should be sustained in the near term after posting better-than-expected first quarter profit.

Global airlines are recover Read More »

June brings increase in activity at Port Columbus, Rickenbacker

AJOT | July 27, 2010 | Air Cargo

Passenger activity at Port Columbus International Airport increased in June while cargo activity jumped 31 percent at Rickenbacker International Airport.

Statistics released by the Columbus Regional Airport Authority Board of Directors show t Read More »

Horizon Lines Q2 profit beats Wall Street

AJOT | July 27, 2010 | Liner Shipping

Container shipping company Horizon Lines Inc's quarterly profit handily beat analysts' estimates, helped by better results from its Alaska tradelane, terminal services and logistics. Read More »

CMA CGM Group takes delivery of CMA CGM Leo

AJOT | July 27, 2010 | Liner Shipping

The CMA CGM Group announced the delivery in South Korea of the CMA CGM LEO (11,400 TEU).

Built by Hyundai Heavy Industries shipyards, the CMA CGM LEO is the fifth of a series of 12 vessels of 11,400 TEU ordered by the CMA CGM Group and that w Read More »

French shipper eyes billionaire’s capital

AJOT | July 27, 2010 | Liner Shipping

The owners of shipping giant CMA CGM are in talks with Belgian billionaire Albert Frere to inject capital as part of its restructuring plan, Le Figaro newspaper reported.

The French daily said talks were still in the early stages, but the tra Read More »

Crowley transporting steel buildings to help Haitians

AJOT | July 27, 2010 | Liner Shipping

Crowley Maritime Corporation continues to work with relief and commercial organizations to provide goods and materials needed by Haiti residents in the aftermath of January's major earthquake. Most recently, Crowley began transporting emergency housing un Read More »

MOL Paramount makes its inaugural voyage

AJOT | July 27, 2010 | Liner Shipping

The MOL Paramount is currently the largest container vessel with weekly and direct service calling the Port of Halifax. The MOL Paramount made its inaugural voyage on July 21, 2010 to the South End Container Terminal, operated by Halterm Container Termina Read More »

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