Transportation News, Logistics, Ports and Trade

Massachuesetts interstate system’s rate of bridge and pavement deterioration and congestion among highest in US

AJOT Newsroom | July 14, 2020 | Intermodal | Trucking

As the U.S. Interstate Highway System reaches 64 years old, it faces increasing congestion, unprecedented levels of travel - particularly by large trucks - and insufficient funding to make needed repairs and improvements.

Tesla euphoria powers equity boom for electric imitators

Bloomberg | July 14, 2020 | Intermodal | Trucking

BATI completes raptor mainframe shipment to Australia

AJOT Newsroom | July 14, 2020 | Project / Heavy Lift | Maritime Project

The project team at BATI Shipping & Trading recently handled a raptor mainframe shipment from Turkey to Australia.

SVT Robotics adds global supply chain executive Geiger as company advisor

AJOT Newsroom | July 14, 2020 | Logistics

SVT Robotics, a company whose software integration platform dramatically accelerates the deployment of industrial robotics, today announced that former Walmart Inc. executive, Cameron Geiger, a global leader in sourcing, supply chain, and IT, will serve as Company Advisor.

US crude oil and natural gas production in April had biggest monthly decreases in years

AJOT Newsroom | July 14, 2020 | Energy

Production of crude oil and natural gas decreased in the United States in April 2020 by 670,000 barrels per day (b/d) and 2.6 billion cubic feet per day (Bcf/d), respectively, according to the U.S. Energy Information Administration’s (EIA) Monthly Crude Oil and Natural Gas Production Report.

Port of Virginia’s FY2020 cargo volumes reflective of tariffs, pandemic-driven slowing of trade

AJOT Newsroom | July 14, 2020 | Ports & Terminals

A solvent recapitalization of Virgin Atlantic

AJOT Newsroom | July 14, 2020 | Air Cargo | Airlines

South African Airways creditors approve $1.6 billion rescue

Bloomberg | July 14, 2020 | Air Cargo | Airlines

UK bans Huawei from 5G networks in security crackdown

Bloomberg | July 14, 2020 | International Trade

China retaliates against Lockheed Martin for Taiwan parts sale

Bloomberg | July 14, 2020 | International Trade

Virgin Atlantic set for $1.25 billion rescue

Bloomberg | July 14, 2020 | Air Cargo | Airlines

Virgin Atlantic Airways Ltd. is poised to announce a rescue worth at least 1 billion pounds ($1.25 billion), after clearing the last major hurdle to the deal, according to people familiar with the matter.