Transportation News, Logistics, Ports and Trade

South Africa and China strike trade agreements worth $2.2 Billion

Bloomberg | August 10, 2023 | International Trade

US allows carriers to extend NYC flight cuts amid air congestion

Bloomberg | August 10, 2023 | Air Cargo | Airports

Airlines that have reduced their flight schedules into New York’s congested airports to help limit gridlock this summer will be allowed to continue doing so without facing penalties.

Taylor Machine Works and Cummins announce plans to integrate hydrogen engines into Taylor lift trucks and container handlers

This collaboration will help realize the decarbonization goals of industrial steel, wood products, concrete, oil and gas, and port operations markets.

Pasha Hawaii celebrates the inaugural arrival of  ‘MV Janet Marie’ at the Port of Oakland  with a christening ceremony

AJOT Newsroom | August 10, 2023 | Maritime | Liner Shipping | Ports & Terminals

Pasha Hawaii and the Port of Oakland celebrated the arrival of MV Janet Marie to the Port of Oakland with a christening ceremony, marking the company’s second Liquified Natural Gas (“LNG”)-powered container ship to call the Bay Area.

Port Panama City Executive Director King to chair Florida Seaport Transportation and Economic Development Council

AJOT Newsroom | August 10, 2023 | Ports & Terminals | People | Appointments

• JAXPORT CEO Eric Green Elected Vice Chair • Port of Pensacola’s Port Director Clark Merritt to Serve as Secretary

Crowley, Port of San Diego celebrate groundbreaking for all-electric tugboat charging station

Crowley and the Port of San Diego broke ground for the shoreside charging station designed to provide clean energy for the company’s forth-coming zero-emissions tugboat, eWolf.

Descartes releases August Global Shipping Report: July U.S. container import volumes increase from June and continue to track 2019 performance

AJOT Newsroom | August 10, 2023 | Maritime | Liner Shipping

Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, released its August Global Shipping Report for logistics and supply chain professionals.

Trucking

Bloomberg | August 10, 2023

Yellow sparks bidding war to replace Apollo-led bankruptcy loan

Yellow Corp. has sparked a bidding war between investment firms and a rival trucker interested in funding the now-shuttered company’s liquidation.

TTF rises 30% on Australian strike risks - Rystad Energy’s Gas and LNG Market Update

AJOT Newsroom | August 10, 2023 | Energy

The price for front-month gas at the Dutch Title Transfer Facility (TTF) surged by about 30% on Wednesday, 9 August, surpassing $12 per million British thermal units (MMBtu) on news of potential LNG facility strikes in Australia.

Maritime

AJOT Newsroom | August 10, 2023

MSC rotation change on Far East to Pacific Northwest service

MSC has confirmed the new rotation of its Chinook Service as from week 34.

Wilson Sons’ profit increases 23% in the first half

AJOT Newsroom | August 10, 2023 | Ports & Terminals | Terminals

The company recorded robust results in towage, container terminal operational growth and a strong recovery in offshore energy-linked services

NRF economist says growth in consumer spending is slowing

AJOT Newsroom | August 10, 2023 | International Trade

Xeneta container freight update: Spot rates rally on key Far East trade lanes after latest GRI moves

AJOT Newsroom | August 10, 2023 | Maritime | Liner Shipping

deugro delivers two oversized and heavy lift drum sections for the pulp and paper industry

AJOT Newsroom | August 10, 2023 | Project / Heavy Lift | Intermodal Project

For the Golbey PM1 Project, deugro Germany, in close cooperation with deugro China, deugro Belgium and deugro France, successfully delivered two drum sections from China to France for the pulp and paper industry.

First-quarter capital spending by public U.S. oil companies up, cash from operations down

AJOT Newsroom | August 10, 2023 | Energy

Financial results for 40 publicly traded U.S. oil exploration and production (E&P) companies show capital expenditure in the first quarter of 2023 increased from the fourth quarter of 2022, even though cash from operations declined.