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

JetBlue’s full-year revenue forecast misses estimates, shares fall

Reuters | October 29, 2024 | Air Cargo | Airlines

JetBlue Airways forecast a bigger-than-expected fall in 2024 revenue amid a moderation in domestic travel demand ahead of the upcoming U.S. elections, sending its shares down 4.5% before the bell on Tuesday.

Lufthansa reports 9% drop in third-quarter profit as core brand struggles

Reuters | October 29, 2024 | Air Cargo | Airlines

German airline group Lufthansa reported a fall in third-quarter operating profit on Tuesday as its flagship brand struggles with low yields, competition with international airlines and spiralling costs.

US goods trade deficit widens sharply in September on imports

Reuters | October 29, 2024 | International Trade

The U.S. trade deficit in goods widened sharply in September amid a surge in imports, suggesting that trade remained a drag on economic growth in the third quarter.

Net zero target needs $3.5 trillion in annual green energy investment, Wood Mackenzie says

Reuters | October 29, 2024 | Energy | Alternative | Green Shipping

Investment in the green energy transition needs to double to $3.5 trillion per year if the world is to meet the Paris Agreement's goal of reaching net zero emissions by 2050, a report by Wood Mackenzie said on Tuesday.

Why are plastic storage containers becoming popular in retail and manufacturing sectors?

AJOT Administrator | October 29, 2024 | Logistics

WestJet Cargo announces launch of Priority product for time-sensitive shipments

AJOT | October 29, 2024 | Air Cargo | Freighters

WestJet Cargo is set to launch its new Priority product, available across the WestJet Cargo network starting November 4th, 2024. This premium offering gives eligible cargo top priority for loading and transport, guaranteeing that shipments travel on specific flights.

SmartLynx Airlines receives Foreign Air Transport Operator certificate in USA

AJOT | October 29, 2024 | Air Cargo | Charters

SmartLynx Airlines, a globally acknowledged ACMI (Aircraft, Crew, Maintenance, Insurance), cargo and charter operator, has received the Foreign Air Operator Certificate (FAOC) granted by the Federal Aviation Administration (FAA) of the United States of America (USA). The certification allows the airline to begin operations to, from, and within the United States.

Air Cargo

AJOT | Top Story | October 28, 2024

WorldACD Weekly Air Cargo Trends (week 42) - 2024

Air cargo tonnages from China to Europe have broadly recovered to their levels prior to China’s Golden Week holiday at the start of October, while tonnages from Hong Kong to Europe have risen further in the last six weeks to their highest level this year, indicative of a possible ramping up of e-commerce and wider demand from this key origin market in the final months of the year.

CrowdStrike, Delta sue each other over flight disruptions

Reuters | October 28, 2024 | Air Cargo | Airlines

Cybersecurity firm CrowdStrike said on Monday it sued Delta Air Lines in U.S. District Court in Georgia after a faulty software update prompted a global outage in July.

Mexico raises concerns about US plan to bar Chinese vehicle software, hardware

Reuters | October 28, 2024 | International Trade

The Mexican government on Monday raised concerns about the Biden administration's proposal to prohibit key Chinese software and hardware in connected vehicles on American roads due to national security concerns.

Port Houston surpasses 3 million TEUs in record time steel imports also up 25% in September

AJOT | October 28, 2024

Port Houston continues to shatter records, in September surpassing three million twenty-foot equivalent units (TEUs) faster than ever before.

Apple iPhone 16 sales blocked in Indonesia due to local parts rule

Reuters | October 28, 2024 | International Trade

Tech giant Apple Inc will not be allowed to sell its iPhone 16 smartphones in Indonesia because they have not met the country's rules on the use of locally made components, the industry ministry said.

Zero carbon ammonia for shipping faces cost, safety challenges

At one of the world's biggest bulk export ports in Western Australia, shippers safely completed the first transfer of ammonia from one vessel to another last month, a key test for its adoption as a marine fuel in the push for cleaner energy.

At JFK, preparations under way for ‘super plane tug’

AJOT | October 28, 2024 | Air Cargo | Airports | Green Shipping

Port Authority, Delta push for Federal approval of ‘super plane tug’ to reduce emissions from airport operations

Kenworth T680 featuring special design will transport U.S. Capitol Christmas Tree to Washington D.C. for 11th year

AJOT | October 28, 2024 | Trucking

Kenworth is providing a T680, adorned with a newly installed graphics wrap, that will soon transport the 2024 U.S. Capitol Christmas Tree from the Tongass National Forest in Alaska to the West Lawn of the U.S. Capitol Building.

TSMC suspended shipments to China firm after chip found on Huawei processor, sources say

Reuters | October 28, 2024 | International Trade

Taiwan Semiconductor Manufacturing Company suspended shipments to China-based chip designer Sophgo after a chip it made was found on a Huawei AI processor, according to two people familiar with the matter.

Kidder Mathews launches 1031 exchange services

AJOT | October 28, 2024 | Logistics

AIS event heralds accelerated growth

AJOT | October 28, 2024 | Air Cargo | Air Forwarders

Over 150 UK airfreight executives attended “The Future of Airfreight Collection and Delivery at Heathrow”, co-hosted by CCS-UK User Group and BT, with the support of BIFA and Heathrow Airport Limited.

Boeing to raise up to $22 billion to shore up finances, stave off downgrade

Reuters | October 28, 2024 | Air Cargo | Airlines

Boeing on Monday launched a stock offering that could raise up to $22 billion as the planemaker looks to strengthen its finances squeezed by an over month-long strike by its workers and preserve its investment-grade credit rating.

QatarEnergy takes 50% stake in TotalEnergies solar project in Iraq

Reuters | October 28, 2024 | Energy | Alternative

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