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

Stonepeak nears $3.1 billion deal for aircraft lessor ATSG, sources say

Reuters | November 03, 2024 | Air Cargo | Charters

Stonepeak is in advanced talks to acquire Air Transport Services Group, a provider of aircraft leasing and cargo transportation services, for about $3.1 billion including debt, people familiar with the matter said on Sunday.

Boeing Co. ratings affirmed on greater-than-expected equity issuance; remains on CreditWatch

AJOT | November 01, 2024 | Air Cargo | General

Ports & Terminals

AJOT | Top Story | November 01, 2024

Local 514 Bargaining Update

Please be advised that in response to ILWU Local 514’s second industry-wide strike notice set to commence on Monday, November 4 at or about 08:00 am PT, and in anticipation of escalating and unpredictable strike action, the BCMEA has made a decision to take defensive action in the form of a coast-wide lockout.

ANA awarded 2024 APEX World Class Airline

AJOT | November 01, 2024 | Air Cargo | Airlines

All Nippon Airways (ANA), achieved its first 2024 APEX World Class award. This prestigious award, presented by North America-based APEX, one of the world's largest airline industry associations, recognizes airlines excelling in safety, service, sustainability and health control initiatives through a comprehensive audit. This year, only 10 airlines worldwide earned this distinction.

Port Authority, Durst Organization marks 10th Anniversary of opening of One World Trade Center

AJOT | November 01, 2024 | Ports & Terminals | Ports

The Port Authority of New York and New Jersey and The Durst Organization today marked the 10th anniversary of the opening of One World Trade Center with a commemorative photo of the iconic skyscraper’s current tenants, which include a mix of industry titans and diverse businesses known around the world.

CBP issues ‘Withhold Release Order’ against Asli Maydi

AJOT | November 01, 2024 | International Trade

PS International Group Ltd. receives Nasdaq notification letter regarding minimum bid price deficiency

AJOT | November 01, 2024 | Logistics

Port of Oakland receives about 100 Howard Property RFQ inquiries

AJOT | November 01, 2024 | Ports & Terminals | Ports

The Port of Oakland received about 100 development-related inquiries regarding its Request for Qualifications (RFQ) that seeks a developer for its 50-acre Howard Property.

Japan cuts growth forecast again for current fiscal year on weak exports

Reuters | November 01, 2024 | International Trade

Pipeline operator Enbridge’s Q3 profit more than doubles on steady oil demand

Reuters | November 01, 2024 | Energy

Enbridge posted a more than twofold jump in its third-quarter profit on Friday, as the Canadian pipeline operator benefited from steady oil demand.

US offshore wind execs fret privately over possible Trump election win

Reuters | November 01, 2024 | Energy | Alternative

Exxon’s $8.6 billion profit beats as volume offsets price weakness

Reuters | November 01, 2024 | Energy

Exxon Mobil on Friday beat Wall Street's third quarter profit estimate, boosted by strong oil output in its first full quarter that includes volumes from U.S. shale producer Pioneer Natural Resources.

Dominion Energy beats Q3 profit estimates on lower costs and steady demand

Reuters | November 01, 2024 | Energy

Dominion Energy beat Wall Street estimates for third-quarter profit on Friday, as the electric utilities company benefited from lower costs and steady electricity demand during hot weather.

Oil climbs 2% on reports of Iran preparing strike on Israel

Reuters | November 01, 2024 | Energy

Oil prices rose by 2% on Friday after reports that Iran was preparing a retaliatory strike on Israel from Iraq in the coming days, though benchmarks were still set for a weekly decline.

Air Canada raises core profit forecast on robust international demand

Reuters | November 01, 2024 | Air Cargo | Airlines

Air Canada on Friday raised its annual core profit forecast and announced share buybacks, as the country's largest carrier benefits from strong demand for international travel.

Boeing shares rise as planemaker makes new wage offer to end strike

Reuters | November 01, 2024 | Air Cargo | Airlines

Boeing rose 2% in early trading on Friday after the U.S. planemaker bumped up its wage hike offer to about 33,000 striking workers, its latest effort to end a damaging strike after two earlier attempts were rebuffed by employees.

Exxon, Chevron top Q3 profit expectations on record high oil output

Reuters | November 01, 2024 | Energy

U.S. oil producers Exxon Mobil and Chevron posted better-than-expected third-quarter profits on Friday, outperforming their European rivals, as record high oil production cushioned the blow from a plunge in fuel margins.

NCBFAA NEI ready for CBP Licensed Customs Broker Continuing Education to begin

AJOT | November 01, 2024 | International Trade

AAPA Announces 2024 Lighthouse Award Winners, Recognizing Excellence in Port Projects

AJOT | November 01, 2024 | Ports & Terminals | Ports

Cyngn successfully completes deployment of DriveMod Tugger with major defense contractor

AJOT | November 01, 2024 | Ports & Terminals | Equipment and Tech

While details are not being disclosed for security reasons, the engagement highlights the applicability of Cyngn’s autonomous vehicle technology to address the rigorous operational needs of defense industry manufacturing applications, which can be particularly stringent work environments with high associated costs.

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