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Caterpillar to buy maker of railroad locomotives

AJOT | June 06, 2010 | Intermodal

Caterpillar Inc agreed to buy a U.S. maker of railroad locomotives for $820 million in cash, expanding its rail business from service into new engine manufacturing. Read More »

ATA Truck tonnage index increased 0.9% in April

AJOT | June 06, 2010 | Intermodal

The American Trucking Associations' advance seasonally adjusted (SA) For-Hire Truck Tonnage Index increased for the sixth time in the last seven months, gaining another 0.9 percent in April. This followed a 0.4 percent increase in March. The latest impr Read More »

BMO starts CN Rail, CP Rail with market perform rating

AJOT | June 06, 2010 | Intermodal

BMO Capital Markets started coverage of Canadian National Railway Co and Canadian Pacific Railway Ltd with "market perform" rating, and said the companies' margin growth opportunities remain high.

CN Rail, Canada's biggest railway, would bene Read More »

Container futures to be cleared in weeks

AJOT | June 06, 2010 | Intermodal

The first cleared container freight derivatives contract is set to be traded in the coming weeks in a major development for the nascent market, a broker with shipping services group Clarksons said.

Freight derivatives allow a buyer to take a Read More »

Florida East Coast Railway announces Hertwig joins as CEO

AJOT | June 06, 2010 | Intermodal

Florida East Coast Railway has announced that James Hertwig will become President and CEO of the Company effective July 1, 2010. Read More »

Russia steel baron eyes First Freight stake

AJOT | June 06, 2010 | Intermodal

Vladimr Lisin, the owner and chairman of Novolipetsk Steel , wants to buy a strategic stake in First Freight Co, Russia's second-largest rail freight operator, two sources told Reuters.

Lisin, ranked Russia's richest man by Forbes magazine, i Read More »

Trucker YRC sees May gains; stock split upcoming

AJOT | June 06, 2010 | Intermodal

Troubled trucking company YRC Worldwide is on the road to recovery, according to its Chairman Bill Zollars, who said operations improved in May and were expected to gain more ground in the coming months.

After a brush with bankruptcy last yea Read More »

Brazil’s trade surplus widens in May on exports

AJOT | June 06, 2010 | International Trade

Brazil's May trade surplus came in above forecasts and widened from a year ago, as exports grew faster than imports.

Brazil posted a trade surplus of $3.443 billion in May, compared with a previously-reported surplus of $1.28 billion in Apri Read More »

EU says exporters face persistent trade barriers

AJOT | June 06, 2010 | International Trade

The European Union faces persistent barriers to free trade from some of its most important partners, despite a gradual improvement in the global economy, the EU executive said in a report released. Read More »

Poor country trade hammered by commodity prices

AJOT | June 06, 2010 | International Trade

The drop in commodities prices following the financial crisis has made it much harder for the world's poorest countries to buy manufactured goods, according to a study.

The report by the International Trade Center (ITC) shows that least devel Read More »

Russia, Kazakhstan agree customs union minus Belarus

AJOT | June 06, 2010 | International Trade

Russia and Kazakhstan agreed to launch a customs union from July 1 in a move that complicates accession talks with the World Trade Organization (WTO) and further sours relations with Belarus.

Russia will resume accession talks, now in their s Read More »

WTO questions China’s export barriers

AJOT | June 06, 2010 | International Trade

China's curbs on exports of some raw materials to conserve resources may not meet the stated goals while giving Chinese manufacturers an unfair advantage, the World Trade Organization said.

The remarks, in a report prepared for China's two-ye Read More »

Steel imports inch up in April

AJOT | June 06, 2010 | International Trade

Total imports of steel mill products increased in April over March by 0.9 percent, according to preliminary government reporting. 'The small increase in arrivals in April show that slow improvement in the market continues, based on market conditions early Read More »

Belarus says ready for compromise over customs union

AJOT | June 06, 2010 | International Trade

Belarus is ready to compromise to be able to join a Russia-dominated customs union, state media quoted President Alexander Lukashenko as saying.

Last week, Russia and Kazakhstan agreed to launch the union on July 1 without Belarus. The new tr Read More »

Hactl announces May tonnage throughput

AJOT | June 06, 2010 | Air Cargo

Hong Kong Air Cargo Terminals Limited (Hactl) treleased its tonnage throughput for May 2010. Hactl again achieved another record high in the month - the highest daily tonnage throughput which was reached on 13 May 2010, with a total of 10,184 tons Read More »

WFS Spain gains Authorized Economic Operator (AEO) status

AJOT | June 06, 2010 | Air Cargo

Worldwide Flight Services (WFS) has become the first cargo handler in Spain to be certified as an Authorized Economic Operator (AEO).

WFS is also the first of the major handling organizations in Europe to gain AEO certification.

Read More »

Air cargo volumes rebound quickly in Q1, IATA says

AJOT | June 06, 2010 | Air Cargo

Air cargo volumes rebounded by an annualised 26 percent in the first quarter, and shippers and cargo executives expect a strong 2010 although growth could slow in the second half, the International Air Transport Association said.

In a snapsho Read More »

‘Ash cloud’ disruption highlights need for modernized air traffic management systems

AJOT | June 06, 2010 | Air Cargo

The volcanic ash cloud that caused major week-long disruption to the aviation industry could provide a stimulus for much-needed modernization of air traffic management systems, according to The International Air Cargo Association (TIACA)

The Read More »

Premium Article  Going green in NYNJ

Peter Buxbaum | May 31, 2010 | Ports & Terminals

Port Authority has series of programs to reduce emissions
Elevated volumes of international trade in recent years has led to an increase in the number of ship calls at major U.S. seaports. This, in turn, has highlighted the contribution that Read More »

Premium Article  Northern Europe:  NYNJ’s legacy market

Peter Buxbaum | May 31, 2010 | International Trade | Ports & Terminals

Trade shows new signs of life in 2010
The port of New York and New Jersey's trade with Asia has grown by leaps and bounds over the last couple of decades. Asia became the port's largest market in 2000 and since 2002 has accounted for over 50 Read More »

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