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

Mitsubishi Logisnext Americas donates two pallet trucks to Houston Food Bank

AJOT | November 05, 2024 | Logistics

Mitsubishi Logisnext Americas Inc. (Logisnext), a leading North American provider and manufacturer of material handling and innovative automation and fleet solutions, has reaffirmed its commitment to “Moving the World Forward” by donating two motorized Mitsubishi Forklift pallet trucks to the Houston Food Bank (HFB).

Cimcorp appoints Natri as head of region for North America

AJOT | November 05, 2024 | Logistics | People | Appointments

With nearly 30 years of experience leading diverse international teams, Pekka Natri will streamline all North American operations and align regional goals with global strategy

Lufthansa Technik Logistik Services enhances visibility and improves customer satisfaction through CHAMP Cargosystems’ Shipply.Vision Truck

AJOT | November 05, 2024 | Air Cargo | Technology | Trucking

By leveraging CHAMP’s Shipply.Vision Truck, Lufthansa Technik Logistik Services will enjoy real-time updates for courier shipments.

Air Cargo

Chris Barnett | Top Story | November 05, 2024

Pacific Air Cargo expands to Sydney, Guam and is eyeing Mexico

Heading into its 25th anniversary next year, tiny Pacific Air Cargo, (PAC), which has been operating for most of its existence with a single leased freighter aircraft, has added giant Atlas Air to its Kalita Air ACMI partner network and is providing shippers with added capacity through eight 747-400F ACMI weekly flights from Los Angeles to Honolulu and on to Guam.

Vector Global Logistics wins U.S. Chamber of Commerce Foundation’s 25th Annual Citizen Award

AJOT | November 05, 2024 | Logistics

Vector Global Logistics, a premier B Corp CertifiedTM logistics company, has announced that they have been named a winner for the U.S. Chamber of Commerce Foundation’s 25th Annual Citizen Awards. This prestigious program recognizes businesses across the country for their remarkable leadership in solving the world’s biggest challenges. Vector considers it a great honor to be recognized in the Best Corporate Steward—Small and Middle Market Business category for their efforts in Logistics With Purpose®: Changing the World Through Supply Chain. The winners were revealed during the U.S. Chamber of Commerce Foundation’s Business Solves Conference on October 29, 2024, in Washington D.C.

China wants talks on trade measures at COP29 climate summit, document shows

Reuters | November 05, 2024 | International Trade

International Trade

Reuters | Top Story | November 05, 2024

Walmart, other US retailers import fewer Christmas goods ahead of tepid holiday season

Santa Claus is not delivering as many Christmas trees, toys and decorations to the United States this year as in recent years, import data shows, with retailers including Walmart bringing in less holiday product ahead of what is expected to be a so-so holiday season.

Oil trades in tight range ahead of US election result

Reuters | November 05, 2024 | Energy

Hugo Boss seeks to grow in China despite weak demand, CFO says

Reuters | November 05, 2024 | International Trade

German fashion house Hugo Boss said on Tuesday it sought to expand its limited exposure to China and build brand visibility over the long run, despite a dent to its third-quarter sales from weak demand in the region.

Cummins posts quarterly profit beat on strong demand for power products from data centers

Reuters | November 05, 2024 | Trucking

Cummins Inc beat third-quarter profit estimates on Tuesday, due to robust demand for its power generation products from data centers, sending the shares of the company up more than 4% in pre-market trading.

US trade deficit widens sharply in September

Reuters | November 05, 2024 | International Trade

The U.S. trade deficit widened sharply in September as businesses boosted imports to meet robust domestic demand and in anticipation of higher tariffs on goods.

Grains merchant ADM slides on fresh accounting errors, profit forecast cut

Reuters | November 05, 2024 | International Trade | Commodity

Archer-Daniels-Midland shares fell 8% premarket on Tuesday after the global grains merchant cut its adjusted annual profit forecast and said it would amend its previous financial statements after finding fresh accounting irregularities.

Italy puts ITA-Lufthansa deal on hold due to price dispute, sources say

Reuters | November 05, 2024 | Air Cargo | Airlines

Italy's Treasury has put on hold the sale of a minority stake in ITA Airways to Lufthansa because of a dispute with the German carrier over the agreed price, two sources familiar with the matter said on Tuesday.

German air-taxi maker Lilium hires KPMG to explore M&A options

Reuters | November 05, 2024 | Air Cargo | Technology

German air-taxi maker Lilium, which is set to file for insolvency after running into a cash crisis, said on Tuesday it had hired consultancy KPMG to explore merger and acquisition options.

Canada posts higher than expected trade deficit in September

Reuters | November 05, 2024 | International Trade

Canada posted a higher than expected trade deficit of C$1.26 billion ($908 million) in September as a drop in imports failed to offset a fall in exports, data showed on Tuesday.

China pivot from US farm imports bolsters it against trade war risks

Reuters | November 04, 2024 | International Trade | Commodity

China's push to shift its food import sources since 2018 has put it in a better position to impose tit-for-tat tariffs on U.S. farm goods with less harm to its food security if trade friction with Washington flares after the U.S. presidential election.

Air Cargo

AJOT | Top Story | November 04, 2024

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