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Red Sea diversions spew carbon emissions equal to 9 million cars

Bloomberg | April 29, 2024 | Green Shipping | Maritime

Ships seeking to avoid ongoing attacks by Houthi rebels in the Red Sea area are emitting millions of additional tons of carbon, making it tougher for companies using ocean freight to reduce pollution across their supply chains.

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Mi-Jack Products partners with Terberg Taylor Americas for PDS-ready yard and terminal tractors

AJOT | April 29, 2024 | Ports & Terminals | Equipment and Tech

Mi-Jack Products, the industry leader for container terminal and material handling equipment and technology, has announced the addition of the newest line of PDS-ready yard and terminal tractors in collaboration with Terberg Taylor Americas, designed to keep up with the toughest industry demands.

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Conveyco Technologies welcomes Keiger as its new VP of Sales 

AJOT | April 29, 2024 | Shipping Technology | People | Appointments

Conveyco Technologies, a leading provider of advanced material handling solutions, has announced the appointment of Brian Keiger as Vice President of Sales. In this role, Keiger will lead Conveyco's sales organization and drive revenue growth through strategic sales initiatives.

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Qatar Airways renews partnership with UNHCR to support communities in need

AJOT | April 29, 2024 | Air Cargo | Airlines

The national airline of the State of Qatar, and UNHCR, the UN Refugee Agency extend their partnership for another two years from 2024 through 2025

Tepid exports recovery add to Vietnam, Thailand’s currency woes

Bloomberg | April 29, 2024 | International Trade

American Air dropping some global flights on Boeing 787 delays
Air Cargo
Bloomberg | Top Story | April 29, 2024

American Air dropping some global flights on Boeing 787 delays

American Airlines Group Inc. is cutting some international flights and reducing the frequency of others because beleaguered planemaker Boeing Co. won’t deliver as many widebody aircraft as planned this year.
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ECS Group selects Rotate’s live capacity data product

AJOT | April 29, 2024 | Air Cargo | Technology

• ECS Group selects best-in-industry capacity data product to maximize strategic growth potential and strengthen leading GSSA position • Rotate’s Live Capacity provides real-time data on market trends and capacity fluctuations enabling quick adaptation to changing conditions in a highly competitive air cargo market • Rotate’s product contributes to diversifying ECS Group's capabilities and increase its market reach and customer value proposition

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Crowley appoints Shook as Senior VP and GM of land transportation services

AJOT | April 29, 2024 | Intermodal | People | Appointments

Crowley has named Phil Shook as senior vice president and general manager of Land Transportation Services to lead the company’s newly created business unit.  

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Gebrüder Weiss assists “The Greenland Project” climate expedition

AJOT | April 29, 2024 | Logistics

Gebrüder Weiss provides transport modes and equipment for a month-long scientific expedition in which international researchers hope to gain new insights into glacier melting in Greenland...

Dubai to proceed with $35B expansion plan at Al Maktoum Airport

Bloomberg | April 29, 2024 | Air Cargo | Airports

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XLP members work together to export 1500 HP RIG from Oman to Philippines

AJOT | April 29, 2024 | Project / Heavy Lift | Intermodal Project

XLP members Khimji Ramdas Shipping LLC ( KRS), Oman, and Ceekay Shipping, United Arab Emirates jointly executed the end-to-end Multimodal Logistics ex Central Oman, of a 1500 HP Geo-Thermal Rig and its accessories from to Philippines...

Cleveland-Cliffs backs activist in Norfolk Southern proxy battle

Bloomberg | April 29, 2024 | Intermodal | Rail

Maersk unit worth more than $1 billion set to trade in spinoff
Maritime
Bloomberg | Top Story | April 29, 2024

Maersk unit worth more than $1 billion set to trade in spinoff

A.P. Moller-Maersk A/S is spinning off its towage company on Tuesday in a move analysts expect to slash the transportation giant’s market value by more than 5%.
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Red Sea crisis is preventing a freight rate and liner profit collapse

AJOT | April 29, 2024 | Maritime

The longevity of the Red Sea crisis holds the key to global freight rate levels and the fortunes of container shipping lines in 2024 and beyond...

UAE, Ukraine finalize pact aimed at boosting bilateral trade

Bloomberg | April 29, 2024 | International Trade

Brin-backed carbon removal startup nears firing up its new plant
Energy
Bloomberg | Top Story | April 29, 2024

Brin-backed carbon removal startup nears firing up its new plant

280 Earth CEO John Pimentel will appear at Bloomberg Green Festival in July. In his first comments since taking over, he explains why he’s aiming for a moonshot.
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New eight-person US group helps fight China economic ‘coercion’

Bloomberg | April 29, 2024 | International Trade

When South Korea decided to host a US anti-ballistic missile system, the lucrative flow of tourists from neighboring China suddenly dried up. When Australia accused Beijing of meddling in its domestic politics and demanded answers over the origins of Covid-19, China stopped buying exports like coal, wine and beef.

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