Forward Air Q2 profit beats Street, sees strong Q3

AJOT | July 25, 2010 | Air Cargo

Air cargo company Forward Air Corp's posted quarterly income that beat market estimates, helped by higher volumes, and forecast third-quarter earnings above view. For the second quarter, the company earned $7.9 million, or 27 cents per share, compared wit Read More »

UAL profit beats expectations

AJOT | July 25, 2010 | Air Cargo

United Airlines parent UAL Corp reported its first quarterly operating profit since 2007, boosted by a 26.2 percent jump in passenger revenue and lower-than-expected costs.

"Compared to our model, cargo and regional revenue were stronger and Read More »

TSA screening is an essential part of air screening mandate

AJOT | July 25, 2010 | Air Cargo

Last month, I testified in the U.S. Congress before the House Homeland Security Committee on the Transportation Security Administration (TSA) implementation of a 100% screening mandate, which will become effective in just a few weeks. The Hearing, chaired Read More »

CMA CGM Group optimizes its Columbus Service linking Asia and North America

AJOT | July 25, 2010 | Liner Shipping

The CMA CGM Group announced the inaugural call in Seattle of the CMA CGM RABELAIS, 6,500-TEU containership.

The vessel is operated on the Columbus loop, a pendulum service linking Japan, China and South East Asia to the United States E Read More »

Sea Star settles class action in Puerto Rico

AJOT | July 25, 2010 | Liner Shipping

Sea Star Line, LLC reported that it has entered into a settlement agreement with the direct purchaser plaintiffs in class action antitrust litigation pending in Puerto Rico. Read More »

FESCO celebrates 130th anniversary

AJOT | July 25, 2010 | Liner Shipping

FESCO (Far Eastern Shipping Company), Russia's largest private intermodal transportation provider, announced that it will celebrate its 130th anniversary this month. Read More »

NOL Group orders new container ships

AJOT | July 25, 2010 | Liner Shipping

Global shipping and logistics company NOL Group announced an order for 10 new 8,400-TEU (twenty-foot-equivalent unit) container ships to be delivered in 2013 and 2014. It has also signed a letter of intent for two 10,700-TEU vessels. The total considera Read More »

Thoresen Thai studies logistics, energy buys

AJOT | July 19, 2010 | Breakbulk & Projects

Thoresen Thai Agencies , Thailand's top dry bulk shipper, said it was looking to expand abroad into logistics and energy businesses as part of a diversification to protect profits when freight rates fall.

The company's earnings fell sharply l Read More »

Lowe’s among shippers leading expansion of clean trucks effort

AJOT | July 19, 2010 | Ports & Terminals

As the Coalition for Responsible Transportation expands to East Coast ports its efforts to enhance fuel efficiency of drayage trucks, home improvement retailer Lowe’s Companies Inc. is giving a new meaning to its catchphrase of “Let’s build something toge Read More »

APM Terminals sees major opportunity in India

AJOT | July 19, 2010 | Ports & Terminals

APM Terminals CEO, Kim Fejfer, met with Minister of Shipping G. K. Vasan and other government officials to discuss existing and new terminal and port development projects in one of the world’s fastest-growing economies. He was in India to review progress Read More »

PHA, Maersk to receive $1.5 million EPA grant to help vessels reduce emission

AJOT | July 19, 2010 | Ports & Terminals

The Port of Houston Authority and Maersk Line, which partnered with the U.S. Environmental Protection Agency (EPA) on the first-ever low-sulfur “fuel switch” demonstration on a container ship in the Gulf of Mexico last November, have been selected to rece Read More »

Namibia invests to be a key regional export route

AJOT | July 19, 2010 | Ports & Terminals

Namibia plans to invest more than $1 billion over the next decade in transport routes linking southern Africa with its Walvis Bay port to give mineral producers in the region a viable export route, an WBCG official said.

Coal producers in Sou Read More »

JB Hunt Q2 results beat Street view

AJOT | July 19, 2010 | Intermodal

J.B. Hunt Transport Services Inc , a freight transport company, posted better-than-expected quarterly results, helped by a jump in revenue at its intermodal segment as demand for transportation services grew. Read More »

Metric of US. chemical demand unexpectedly dips

AJOT | July 19, 2010 | Intermodal

Chemical shipments on U.S. railroads fell 5.5 percent last week after months of steady increases, the Association of American Railroads said. Read More »

Cross-border trade to fuel Canadian trucking recovery

AJOT | July 19, 2010 | Intermodal

Recession-worn Canadian truckers are in for a joyride, as a surge in auto trade with the United States and a rebound in truckload rates pave the road for better times. Trucking trade with the United States, up by about a third since January, is bringing t Read More »

Wabtec to buy 2 units of Global Railway for $45 mlllion

AJOT | July 19, 2010 | Intermodal

Wabtec Corp , a U.S. railcar parts and braking equipment maker, said it will acquire two units of Global Railway Industries Ltd for about $45 million in cash.

The company expects the acquisition of G&B Specialties Inc and Bach-Simpson Corp, w Read More »

China trade behavior imperils ties

AJOT | July 19, 2010 | International Trade

Chinese policies that block U.S. exports and discriminate against foreign firms are putting a dangerous strain on bilateral relations, a top U.S. trade official warned.

"It has been nearly a decade since China joined the WTO (World Trade Orga Read More »

EADS frustrated by delay in WTO ruling

AJOT | July 19, 2010 | International Trade

EADS Chief Executive Louis Gallois said he was "enormously frustrated" about another delay by the World Trade Organization in ruling on the European Union's case against the United States over alleged illegal subsidies to the company's arch-rival, Boeing Read More »

EU drops trade probes on Malaysia, India fasteners

AJOT | July 19, 2010 | International Trade

The European Commission has dropped investigations into allegations of illegal dumping and state subsidies favouring Indian and Malaysian fastener exporters after EU producers withdrew their complaints. Read More »

Brazil corn exports to surge in 2nd half of 2010

AJOT | July 19, 2010 | International Trade

Brazilian corn exports are set to surge in the second half of this year with the help of government freight subsidies but total exports for 2010 are still likely to fall short of last year, industry specialists said.

Corn exports of 2 million Read More »