Trucks burst through ribbon, officially opening Cargo Bay Road

AJOT | January 23, 2011 | Ports & Terminals

Three trucks dramatically burst through a ceremonial red ribbon, signaling the opening of the Cargo Bay Road truck entrance to the Port of Houston Authority’s Turning Basin Terminals. The new entrance on the northeast side of the main terminal officially Read More »

Hutchison unit eyes $6 blllion Singapore listing, record for Southeast Asia

AJOT | January 23, 2011 | Ports & Terminals

Hutchison Whampoa plans to spin off its holdings in two ports assets, a move expected to raise $6 billion in what could be Southeast Asia's largest ever stock offering.

The listing by Hutchison, a ports-to-telecom conglomerate owned by Hong Kong tycoo Read More »

Konecranes acquires company in South America

AJOT | January 23, 2011 | Ports & Terminals

In early January 2011 Konecranes acquired Gruas Koman Limitada, the former licensee of Konecranes in Recoleta, Santiago, Chile. The acquisition also includes the Peruvian start-up subsidiary, Koman Gruas Peru S.R.L. The companies specialize in providing a Read More »

Ivorian cocoa from plantation to port

AJOT | January 23, 2011 | Ports & Terminals

EU-registered vessels have been barred from all new financial dealings with Ivory Coast's two main cocoa-exporting ports as part of sanctions imposed after November's contested election.

The European Union froze the European assets of the two main por Read More »

Rumo to add rain shields at Brazil sugar berths

AJOT | January 23, 2011 | Ports & Terminals

Rumo, the logistics arm of world top sugar and ethanol producer Cosan , is literally planning ahead for a rainy day, installing covers at port terminals to allow loading of sugar in wet weather.

Last year, persistent rain at Brazil's main sugar-handli Read More »

CN, CP Railway workers give union strike mandate

AJOT | January 23, 2011 | Intermodal

Unionized workers at both Canadian National Railway and Canadian Pacific Railway have voted in favor of giving their union a strike mandate if labor talks fail, the Canadian Auto Workers union.

The strike deadline at CN, the country's biggest railway, Read More »

FESCO streamlines container business management

AJOT | January 23, 2011 | Intermodal

FESCO Transportation Group announced that it has reorganized the management system of its container business.

In line with the company's development strategy, the Group has formed a single logistics integrator, which is responsible for management of t Read More »

Vitran expands Into the Southern U.S. with planned acquisition of the Milan Express LTL business

AJOT | January 23, 2011 | Intermodal

Vitran Corporation Inc. (Nasdaq:VTNC) (TSX:VTN), a North American LTL transportation and Supply Chain firm, today announced the intended asset acquisition of Milan Express' LTL business. Milan's regional LTL business operates 34 facilities in central and Read More »

TRAC Intermodal’ launches TRAC Connect’ in Metro Pool and Gulf Regional Pool for CMA CGM

AJOT | January 23, 2011 | Intermodal

TRAC Intermodal announced today that it has launched TRAC Connect in the NY/NJ Metro Pool and Gulf Regional Pool to supply Motor carriers directly with chassis for the pickup and delivery of CMA CGM loads. TRAC Connect is a web-based marketplace designed Read More »

ALK Technologies, Inc. and SMC3 announce business alliance

AJOT | January 23, 2011 | Intermodal

Freight transportation software developer SMC3 and routing, mileage and mapping software developer ALK Technologies announced the creation of a seamless interface between ALK's PC*MILER Web Services and the SMC3 RateWare' XL rating product. According to W Read More »

Union Pacific Q4 tops

AJOT | January 23, 2011 | Intermodal

Union Pacific Corp , the No. 1 U.S. railroad, reported quarterly profit and revenue that beat analyst forecasts on rising volume.

"As we look ahead to 2011, we are encouraged by signs of a slowly strengthening economy," said Chief Executive Jim Young. Read More »

Southern Wine & Spirits selects Penske Truck Leasing for fleet maintenance

AJOT | January 23, 2011 | Intermodal

Penske Truck Leasing announced it was selected as the primary provider of contract commercial truck fleet maintenance services by Southern Wine & Spirits of America, Inc., the nation's largest wine and spirits distributor.

"At Southern, we are focused Read More »

Japan PM renews push for free trade, close U.S. ties

AJOT | January 23, 2011 | International Trade

Prime Minister Naoto Kan renewed his commitment to open up Japan's market to capitalise on overseas growth and stuck to a June deadline to decide whether to join a U.S.-led free trade initiative.

In a foreign policy speech, Kan also reaffirmed the imp Read More »

WTO members get down to hard graft of negotiations

AJOT | January 23, 2011 | International Trade

WTO members are getting down to the technicalities of a new global trade deal, suggesting the right spirit of compromise to clinch agreement may at last be within reach, negotiators and officials said.

Swiss ambassador Luzius Wasescha, who chairs talk Read More »

WTO backs South.Korea in dispute, U.S. does not defend

AJOT | January 23, 2011 | International Trade

A World Trade Organization panel backed South Korea in a challenge to a controversial U.S. method for calculating duties on unfairly priced imports, after the United States offered no defence in the dispute.

The ruling is the latest in a series of def Read More »

Changan in talks to export China-made Ford cars

AJOT | January 23, 2011 | International Trade

Ford Motor is in talks with its Chinese partner, Chongqing Changan Automobile Co, to export China-made Ford vehicles to emerging markets, two people familiar with the matter told Reuters.

Ford, which competes with General Motors among others in the wo Read More »

Scotch whisky exports head for a record

AJOT | January 23, 2011 | International Trade

Scotch whisky exports are headed for record sales, boosted by strong demand from status-conscious connoisseurs in new markets in China, India, Russia and Brazil, Deputy Prime Minister Nick Clegg said.

On a visit to a distillery in Keith, Scotland, Cle Read More »

China 2010 rare earth exports slip, value rockets

AJOT | January 23, 2011 | International Trade

China's exports of vital rare earth elements used for numerous high-tech goods slipped almost one-tenth last year but the overall value rocketed as quota cuts lifted international prices, data showed.

China, which produces about 97 percent of the glob Read More »

Is a solar trade war about to flare?

AJOT | January 23, 2011 | International Trade

Germany's fifth-biggest solar power park emerges as a smudge on the horizon long before you reach it on the outskirts of the small, sleepy village of Eberswalde, an hour's drive north of Berlin. "In the far distance, you can see it," Peter Kobbe says, poi Read More »

India to sign free trade deals with Japan, Malaysia in February

AJOT | January 23, 2011 | International Trade

India has finalised free trade agreements (FTA) with Japan and Malaysia and will sign the deals in February, the country's minister for commerce and industry, Anand Sharma, said.

Sharma, talking to reporters at a conference in Singapore, said he expec Read More »