American Journal of Transportation | North America's Premier Transportation News Resource

Cobalt miner Jervois in rescue deal to better compete with China

Reuters | January 03, 2025 | International Trade | Commodity

Cobalt miner Jervois Global said on Thursday that one of its lenders will take the company private as part of a pre-packaged bankruptcy, the latest Western miner scrambling to survive as competition from China intensifies.

Finland power grid operator asks court to seize tanker over cable damage

Reuters | January 02, 2025 | Maritime | Bulk

Steelworkers union criticizes Nippon Steel’s proposal for lack of long-term commitment

Reuters | January 02, 2025 | International Trade | Commodity

The United Steelworkers union expressed concerns about Nippon Steel's latest proposal that gives the U.S. government veto power over any potential reductions in U.S. Steel's production capacity, if they get the approval to merge.

Drewry World Container Index - 02 Jan

AJOT | January 02, 2025 | Maritime | Liner Shipping

Drewry’s World Container Index increased 3% to $3,905 per 40ft container this week.

Realterm expands Minnesota presence with acquisition of an industrial outdoor storage fleet maintenance facility in Minneapolis

AJOT | January 02, 2025 | Intermodal | Trucking

Realterm, an independent global investment manager focused on the transportation industry, today announced the acquisition of 2340 Rose Place W, in Roseville, MN an industrial outdoor storage fleet maintenance and intermodal facility on 6.3 acres.

Equinor secures $3 billion financing for U.S. Empire Wind 1 project

Reuters | January 02, 2025 | Energy | Alternative

Norway's Equinor said on Thursday it had secured a financing package of more than $3 billion for its Empire Wind 1 offshore wind power project in the United States.

Maersk asks customers to remove cargo before potential strike at US ports

Reuters | January 02, 2025 | Maritime | Liner Shipping

Shipping giant AP Moller-Maersk has urged customers to pick up their laden containers and return the empty ones at the U.S. East and Gulf Coast ports before Jan. 15 to mitigate potential disruptions at the terminals on account of a strike.

Avison Young facilitates multi-parcel land sale near Northeast Georgia Inland Port for two new industrial buildings

AJOT | January 02, 2025 | Intermodal | Logistics | Trucking

540,408-square-feet of Class-A distribution space to come online in 2026

US considers potential rules to restrict or bar Chinese drones

Reuters | January 02, 2025 | Air Cargo | Technology

The U.S. Commerce Department said on Thursday it is considering new rules that would impose restrictions on Chinese drones that would restrict or ban them in the United States citing national security concerns.

Crowley acquires Main Line Inc., expanding harbor services with mooring capabilities

AJOT | January 02, 2025 | Maritime | Ports & Terminals | Equipment and Tech

Crowley announced today that it has expanded its harbor services capabilities through the acquisition of Main Line Inc., a vessel mooring company based in Seattle, effective Jan. 1.

China proposes further export curbs on battery, critical minerals tech

Reuters | January 02, 2025 | International Trade | Commodity

China's commerce ministry has proposed export restrictions on some technology used to make battery components and process critical minerals lithium and gallium, a document issued on Thursday showed.

Maritime

Reuters | Top Story | January 02, 2025

US East Coast dockworkers, employer group to restart talks next week

The International Longshoremen's Association and the United States Maritime Alliance (USMX) are set to resume contract talks on Jan. 7, according to a person familiar with the matter.

US to issue hydrogen credit rule this week, with path for nuclear, sources say

Reuters | January 02, 2025 | Energy | Alternative | Green Shipping

The U.S. Treasury Department intends to release guidance on how to access tax credits for hydrogen production under the 2022 Inflation Reduction Act later this week, according to two sources familiar with the matter.

Maritime

AJOT | Top Story | January 02, 2025

Roberts to lead Savage as international supply chain company’s 4th CEO in nearly 80-year history

For only the fourth time in its nearly 80-year history, Savage has a new CEO.

Oil spill in Black Sea smaller than first thought, Russia says

Reuters | January 02, 2025 | Energy

Russian investigators have determined that an oil spill from two tankers in the Black Sea last month was smaller than initially thought, the Transport Ministry said on Thursday.

Oil prices rise on China optimism as investors return after holiday

Reuters | January 02, 2025 | Energy

Oil prices rose on Thursday as investors returned for the first trading day of the new year with an optimistic eye on China's economy and fuel demand after a pledge by President Xi Jinping to promote growth.

Energy

Reuters | Top Story | January 02, 2025

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