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

Intermodal

Bloomberg | Top Story | August 07, 2018

Otto co-founder returns to Uber to run trucking business

Lior Ron -- who co-founded Otto Trucking LLC with his controversial business partner, Anthony Levandowski -- will return to Uber Technologies Inc. to run the startup’s trucking business, called Uber Freight, the company said Tuesday.

Despite tariffs, US soy is still headed to China. Here’s why

Bloomberg | August 07, 2018 | International Trade

More navigators set sail for U-Freight

AJOT | August 07, 2018 | Logistics

The U-Freight Group Ltd (UFL), the Hong Kong-headquartered international freight services and logistics group, has promoted two key executives to a management team created almost a decade ago tasked with devising and implementing strategic initiatives to help move the company forwards.

Chrysler’s new CEO has dinner date with Trump with trade on menu

Bloomberg | August 07, 2018 | International Trade

YRC Worldwide reports second quarter 2018 results

AJOT | August 07, 2018 | Intermodal | Trucking

CenterPoint acquires 342,869 SF in Seattle

AJOT | August 07, 2018 | Intermodal | Trucking

CenterPoint Properties is proud to announce the acquisition of a two-building portfolio consisting of 342,869 SF at 5900 and 5960-5990 1st Avenue South in Seattle, Washington. The buildings are located on 11.58 acres and are 100 percent leased. Jim Honan and Kevin Skillestad and of Neil Walter Company represented CenterPoint in the transaction.

Tariffs prompt US manufacturers to review plans: Fed survey

Bloomberg | August 07, 2018 | International Trade

McCraney Property Co. leases space at Spec Industrial Development in Greater Charlotte market

AJOT | August 07, 2018 | Logistics

McCraney Property Company, a leading private real estate investment firm focused on the acquisition, development, and management of industrial properties in the Southeast region, signed a new, full-building lease for 507,512 square feet at Logistics 77 @ Riverwalk in Rock Hill, SC, prior to the building securing Certificate of Occupancy (CO). NFI, a leading supply chain solutions provider and one of the primary third-party logistics providers to global e-commerce giant, Amazon, will be the sole tenant in Logistics 77 @ Riverwalk.

Maritime

AJOT | Top Story | August 07, 2018

Quality service vital to prudent cost management as agency clause drives ‘race to the bottom’

There’s a new air of cautious optimism among vessel owners and supply chains as bulker, container, ro-ro and cruise markets recalibrate, signalling a switch from survival mode to recovery for the shipping sector.

NWSA seeking nominations for new award program

AJOT | August 07, 2018 | Ports & Terminals | Ports

The Northwest Seaport Alliance has launched the North Star Awards, a customer recognition program that recognizes businesses using the Seattle-Tacoma gateway for outstanding business and environmental achievements.

Environmentalists sue to block Heathrow Airport’s third runway

Bloomberg | August 07, 2018 | Air Cargo | Airports

Freightos Baltic Indexes update W31 2018

AJOT | August 07, 2018 | International Trade

For transpacific rates, July was hot, and August will be hotter. China-US West Coast rates ($1,901/FEU) are already 18% higher than the peak of last year’s peak season ($1612/FEU on August 20).

Trump’s trade wars mean small change for carmakers for now

Bloomberg | August 07, 2018 | International Trade

India’s future energy use depends on its rate of economic growth

AJOT | August 07, 2018 | Energy | International Trade

India’s economic development is likely to have a considerable impact on future international energy markets—including U.S. energy exports—because of the country’s large population and potential for growth.

Southeastern Freight Lines promotes Steve Kell to Service Center Manager in Kinston, North Carolina

Southeastern Freight Lines, the leading provider of regional less-than-truckload (LTL) transportation services, today announced Steve Kell has been promoted to service center manager in Kinston, North Carolina.

Damen Marine Components to supply Chilean Navy for ANTARCTIC I project

AJOT | August 07, 2018 | Maritime

Damen Marine Components has won a contract to supply steering gear, rudders and stern tube parts for an Antarctic Research vessel of the Chilean Navy, under LRS -Polar 5 Class notation.

FlexiVan acquires tire assets of New Pride Corporation

AJOT | August 07, 2018 | Intermodal | Trucking

ICTSI 1H2018 Net Income down 6% to US$97.7M

AJOT | August 07, 2018 | Ports & Terminals | Terminals

International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for its first half ended June 30, 2018.