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Yellen calls for united front on Chinese industrial overcapacity

Bloomberg | May 23, 2024 | International Trade

Treasury Secretary Janet Yellen said it’s critical for the US and Europe to present a clear and united front against Chinese industrial overcapacity, as she warned of the global impact of Beijing’s macroeconomic imbalances.

Wizz Air sees engine issues recovering after peak groundings

Bloomberg | May 23, 2024 | Air Cargo | Airlines

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Biden to name deputy trade nominee to State Department role

Bloomberg | May 23, 2024 | International Trade

The White House plans to withdraw its nominee for a top trade job after running into opposition from a key Senate Democrat over his support for free trade deals.

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Hydrogen-powered private jets can cut emissions — if they can get off the ground

Bloomberg | May 23, 2024 | Air Cargo | Technology | Energy | Alternative | Green Shipping

Private jet travel is the most carbon-intensive form of flying. Startups are promising a future of emissions-free hydrogen power.

Davis keeps the Port of Portland alive
Ports & Terminals
Stas Margaronis | Top Story | May 23, 2024

AJOT Insights
Davis keeps the Port of Portland alive

In an interview with AJOT, Shelly Davis said: “The industry really did show up. I think it was April 13th that they basically announced they’re shutting the doors on October 1st. There was a huge number of letters of support that flooded the governor that flooded the Port of Portland...
Port of Brownsville breaks into the top 50 ranking for cargo movement in U.S.
Ports & Terminals
AJOT | Top Story | May 23, 2024

Port of Brownsville breaks into the top 50 ranking for cargo movement in U.S.

The Port of Brownsville’s record-breaking streak continues as it rose to 50th position in the nation among 150 maritime ports for the movement of waterborne cargo, according to the U.S. Army Corps of Engineers 2022 Annual Report.
IndiGo plans new product for business fliers, posts profit beat

Bloomberg | May 23, 2024 | Air Cargo | Airlines

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Air France KLM Martinair Cargo and Kuehne+Nagel take the lead in ULD tracking using SkyCell technology

AJOT | May 22, 2024 | Air Cargo | Technology | Logistics

In a significant development initiated at the beginning of this year, Air France KLM Martinair Cargo (AFKLMP Cargo) joined forces with SkyCell. This strategic partnership aims to enhance Unit Load Device (ULD) tracking capabilities across Air France KLM Martinair Cargo’s entire ULD fleet, marking a significant milestone in the industry.

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Ørsted enters into new major agreement on carbon removal with Microsoft

AJOT | May 22, 2024 | Energy | Alternative

In a landmark deal, Ørsted will sell a further one million tons of carbon removal over a ten-year period to Microsoft from Avedøre Power Station, which is part of the bioenergy carbon capture and storage (BECCS) project ‘Ørsted Kalundborg CO2 Hub’.

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CMA CGM Group launches its first loyalty program SEA REWARD

AJOT | May 22, 2024 | Maritime | Liner Shipping

· SEA REWARD, the first loyalty program developed by CMA CGM, awards frequency and volume · Dedicated to shipping customers who book through “SpotOn,” CMA CGM’s digital solution that simplifies the booking process · SEA REWARD’s four status tiers offer exclusive benefits to the Group’s most loyal customers

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Qatar Airways targets mega wealthy with new Gulfstream G700 jets

Bloomberg | May 22, 2024 | Air Cargo | Airlines

Well-heeled passengers who want to take their air travel one step above First Class now have the option to charter the new Gulfstream G700 through Qatar Airways’ business jet unit.

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China’s $10,000 EV is coming for Europe’s carmakers

Bloomberg | May 22, 2024 | International Trade | Maritime | Breakbulk News

BYD’s Seagull hatchback is set to start Europe sales next year, beating the competition on price

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Terillium and Cleo form partnership to provide ecosystem integration solutions and consulting services to Oracle ERP customers

AJOT | May 22, 2024 | Shipping Technology

Cleo and Terillium announce a new partnership focused on providing Oracle customers with a flexible solution for custom EDI requirements.

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NASDA awarded USDA funding to diversify international market opportunities for U.S. agriculture

AJOT | May 22, 2024 | International Trade | Commodity

The National Association of State Departments of Agriculture has been awarded $5 million through the United States Department of Agriculture Foreign Agricultural Service Regional Agricultural Promotion Program, as announced today by USDA and USDA Foreign Agricultural Service Administrator Daniel Whitley during “A Taste of the States: Chicago” at the National Restaurant Association Show.

AMLO says Vulcan rejected $2 billion bid for Mexico coast assets

Bloomberg | May 22, 2024 | International Trade

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MSC GRI - scope: USA/Puerto Rico to Dar Es Salaam (Tanzania)

AJOT | May 22, 2024 | Maritime | Liner Shipping

Effective date June 20th, 2024, Mediterranean Shipping Company has filed A General rate increase (GRI) and will implement the following:

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AAR reports rail traffic for the week ending May 18, 2024

AJOT | May 22, 2024 | Intermodal | Rail

The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending May 18, 2024.

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