Lufthansa Cargo receives US SAFETY Act designation as first carrier

AJOT | September 11, 2011 | Air Cargo

Lufthansa Cargo AG has been the first air carrier to receive the US Department of Homeland Security SAFETY Act Designation for the screening of air cargo departing the United States. James LoBello, Head of Security, The Americas, states: "In working with Read More »

Maersk throws down challenge on Asia-Europe routes

AJOT | September 11, 2011 | Liner Shipping

Maersk Line, the world's biggest container shipping company, threw out a challenge to rivals by introducing a more streamlined and frequent service without a premium surcharge on its key Asia-Europe routes.

With freight rates under pressure, Maersk's Read More »

Evergreen named as a top supplier for Sear Holdings

AJOT | September 11, 2011 | Liner Shipping

Evergreen has been named a 2010 Partner in Progress for Sears Holdings Corporation. Evergreen received the award for the ocean carrier's unique dedication to service commitment, quality and innovation.

It was based on "space protection" that Evergreen Read More »

Somalia pirates free MV Panama after $7 mlllion ransom paid

AJOT | September 11, 2011 | Liner Shipping

Somali pirates freed the Liberian-flagged container ship MV Panama seized last December after receiving a $7 million ransom, pirates holding the ship told Reuters.

The vessel was hijacked on Dec. 10 en route from Tanzania to Mozambique with a crew of Read More »

Maersk Line says container sector to stay depressed

AJOT | September 11, 2011 | Liner Shipping

Conditions in the overall ship container industry will remain depressed in the coming months due to a glut of ships on order, the chief executive of Maersk Line said.

Prospects for a recovery in the global container shipping industry could be derailed Read More »

EU sanctions on Libyan ports seen lifted

AJOT | August 30, 2011 | Ports & Terminals

European Union sanctions against six Libyan ports, several oil companies and more than a dozen other entities, could be lifted, EU diplomats said.

The EU's 27 governments reached a preliminary agreement on Wednesday to ease the bloc's restrictions aga Read More »

APM Terminals says to sell 25% stake in Xiamen port

AJOT | August 30, 2011 | Ports & Terminals

APM Terminals, the port operating arm of Danish shipping and oil group A.P. Moller-Maersk, has agreed to sell a 25 percent stake in Xiamen Songyu Container Terminal, the company told Reuters.

The terminal on China's southeastern coast is a joint ventu Read More »

Port of Long Beach to renew lease with Toyota

AJOT | August 30, 2011 | Ports & Terminals

The Long Beach Board of Harbor Commissioners gave the go ahead to a $240 million, 20-year lease renewal with Toyota Motor Sales, U.S.A., keeping a major hub for one of the world's largest automakers in Southern California.

The new lease, which contain Read More »

Panalpina introduces a new Intra Asia service

AJOT | August 30, 2011 | Transport Intermediaries

Traditionally, there have been only two main choices for cargo flows between China and Southeast Asia: costly air freight, or slower ocean freight. Now, Panalpina is introducing a new alternative solution: Intra Asia road transport, connecting China, incl Read More »

Kerry Logistics opens new logistics center in Hanoi

AJOT | August 30, 2011 | Transport Intermediaries

Kerry Logistics is continuing its expansion in Vietnam, opening a new logistics center in Hanoi. The 10,000 sq.m facility will focus on providing a broad range of logistics services for the electronics and hi-tech, fashion and garments, food and beverage, Read More »

Vigillo rolls out carrier select’

AJOT | August 30, 2011 | Transport Intermediaries

Vigillo LLC, creators of Daylight', the CSA Platform for Transportation, has announced the release of Carrier Select' the first product in its Shipper/Broker Suite. The latest unique offering from Vigillo allows freight brokers, shippers and insurance pro Read More »

Globe Express Services (Overseas Group) launches Miami, Guangzhou & Suzhou locations

AJOT | August 30, 2011 | Transport Intermediaries

Globe Express Services' (Overseas Group), one of the world's 85 largest global logistics providers, proudly announces the addition of three new corporate locations: Miami, FL (USA); Guangzhou, China; and Suzhou, China. These openings mark the first step i Read More »

CSX updates status of storm recovery

AJOT | August 30, 2011 | Intermodal

Significant progress is being made in the restoration of freight rail service on storm-impacted areas of CSX. Employees have been working around the clock to clear debris, inspect infrastructure, make repairs, reposition locomotives, and restore power. Read More »

Russia Railways restricts grain shipments to Novorossiysk

AJOT | August 30, 2011 | Intermodal

Russian Railways said that it has restricted grain shipments to the Black Sea port of Novorossiysk, Russia's leading grain exporter, due to congestion on the rail lines as traders move to bring this year's crop to international markets.

It said that r Read More »

Railserve acquires assets of Spring Ridge Rail Services

AJOT | August 30, 2011 | Intermodal

Railserve, Inc., the leading North American provider of in-plant rail switching and associated services, has acquired inventory and production equipment from Spring Ridge Rail Services of Hughes Springs, Texas. With these additional resources, Railserve Read More »

TransCore special report: broker rates exceed shippers’ in 24% of US lanes in Q2

AJOT | August 30, 2011 | Intermodal

Trucking companies received the highest truckload rates from freight brokers and other intermediaries in 24 percent of routes in the U.S. throughout the second quarter, according to a new report released today by 'Spot Market Rates vs. Contract Rates,' is Read More »

Congress should move forward with critical 21st century transportation infrastructure investments

AJOT | August 30, 2011 | Intermodal

President Obama has called on Congress to extend the Surface Transportation Bill and the Federal Aviation Administration Reauthorization. The BlueGreen Alliance released the following statement from Executive Director David Foster:

'President Obama ca Read More »

Philippines, China look beyond sea dispute at trade

AJOT | August 30, 2011 | International Trade

Philippines President Benigno Aquino and his Chinese counterpart Hu Jintao have sought on to cast aside months of hostility over territorial disputes as Aquino embarked on a state visit intended to boost economic cooperation.

Highlighting the emphasis Read More »

China yuan could challenge dollar role in a decade

AJOT | August 30, 2011 | International Trade

Here's a bold prediction to feed Western worries that power is shifting inexorably to the East: China's yuan could overtake the U.S. dollar as the world's principal reserve currency as soon as next decade.

Beijing has been promoting the use of the yua Read More »

Less than meets the eye in South.Korea’s strong exports

AJOT | August 30, 2011 | International Trade

South Korea's exports may be less resilient than they appear.

The country has posted healthy export growth in recent months even though it is one of Asia's most heavily exposed to the United States and Europe, where growth is fading. But those Read More »