Transportation News, Logistics, Ports and Trade

CSX Corp. announces second quarter EPS of $0.54

AJOT Newsroom | July 21, 2022 | Intermodal | Rail

Norfolk Southern increases conductor trainee pay to $25 an hour; adds biweekly $300 incentive

AJOT Newsroom | July 21, 2022 | Intermodal | Rail

Qantas flight cancellations spiral, piling pressure on CEO Joyce

Bloomberg | July 21, 2022 | Air Cargo | Airlines

US Department of Energy announces $96 million for advancing clean vehicle technologies to reduce carbon emissions

AJOT Newsroom | July 21, 2022 | Energy | Alternative

[Freightos Weekly Update] Rates still in a lull, as new labor issues intensify.

AJOT Newsroom | July 21, 2022 | Maritime | Liner Shipping

United Air cuts 2023 growth plans as flight disruptions persist

Bloomberg | July 21, 2022 | Air Cargo | Airlines

United Airlines Holdings Inc. is limiting flying for the rest of this year and curtailing growth plans in 2023 to try to get a handle on flight disruptions that have roiled the industry, even as it continues to expect profits amid robust travel demand.

California port closes gates for third day amid protests

Bloomberg | July 21, 2022 | Ports & Terminals

California’s third-busiest port shut down some of its gates and marine terminals for a third day Wednesday as truckers protesting a gig-work law that could take 70,000 drivers off the road blocked access to the operation.

Port of Oakland statement regarding truckers protests over AB5

AJOT Newsroom | July 21, 2022 | Ports & Terminals

Trucker protests that started Monday over the implementation of AB5 have effectively shut down operations at shipping terminals at the Port of Oakland. The shutdown will further exacerbate the congestion of containers dwelling at the Oakland Seaport as port officials urge terminal operations to resume.

China’s top chipmaker achieves breakthrough despite US curbs

Bloomberg | July 21, 2022 | International Trade

Union Pacific’s margins slip on higher costs, network snags

Bloomberg | July 21, 2022 | Intermodal | Rail

American Air, rivals limit flying as disruptions hinder recovery

Bloomberg | July 21, 2022 | Air Cargo | Airlines

French shipping billionaire slams lawmakers’ windfall tax plan

Bloomberg | July 21, 2022 | Maritime | Liner Shipping

The billionaire head of shipping giant CMA CGM SA pushed back against a plan by some French lawmakers for a windfall tax on excessive corporate profits to fund measures to soften the impact of inflation on households.

Lufthansa pilots’ union to hold a vote on possible strike

Bloomberg | July 21, 2022 | Air Cargo | Airlines

Korea early exports hold up on chip sales despite China lockdown

Bloomberg | July 21, 2022 | International Trade

US banks keep financing trade of Russian crops as EU peers balk

Bloomberg | July 21, 2022 | International Trade | Commodity

Japan logs trade deficit for 11th month on energy, weak yen

Bloomberg | July 21, 2022 | International Trade

Momentum builds for Quonset as wind energy hub

Gov. McKee, QDC cut ribbon on Modernized Pier 2 at Port of Davisville

Castaloop USA expands cargo handling to U.S. inland waterways

Castaloop USA, Inc., a subsidiary of Logistec Stevedoring Inc., announced the opening of a new terminal operation located in Lemont (IL).

AAP Aviation to develop electric regional air mobility in Norway with the Lilium Jet

AJOT Newsroom | July 20, 2022 | Air Cargo | Airlines

Under the agreement, AAP Aviation intends to purchase 40 Lilium jets and collaborate with Lilium to identify and develop landing sites in the Scandinavian countries, starting with Norway.