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

Cathay Pacific can’t stop pilot exodus as it tries to hire more

Bloomberg | June 17, 2022 | Air Cargo | Airlines

Maritime

Bloomberg | Top Story | June 17, 2022

Biden attempts to curb inflation with law aimed at cutting shipping rates

President Joe Biden signed legislation on Thursday aimed at cutting overseas shipping prices, calling the new law another move by his administration to curb stubborn inflation.

Maritime

Stas Margaronis | Top Story | June 17, 2022

AGTC: Exporters express frustration with ocean carriers

Agricultural exporters expressed their frustrations with ocean carriers at the Agriculture Transportation Coalition (AGTC) Annual Meeting on June 15th. This comes at a time when AGTC successfully lobbied for the Ocean Shipping Reform Act of 2022 which will give the Federal Maritime Commission more power to regulate against unfair detention and demurrage practices that have been a focus of anger by exporters and importers.

Airline staff shortages threaten to ruin millions of summer holidays

Bloomberg | June 17, 2022 | Air Cargo | Airports

Garuda gets creditor nod to restructure $9.6 billion of debt

Bloomberg | June 17, 2022 | Air Cargo | Airlines

Petrol reaches another record but some relief coming, RAC says

Bloomberg | June 17, 2022 | Energy

Russia’s energy antics spur push for price cap talks at G-7

Bloomberg | June 17, 2022 | Energy

Italy may trigger emergency gas plan if Russian curbs continue

Bloomberg | June 17, 2022 | Energy

Erdogan says Saudi crown prince to visit as ties warm

Bloomberg | June 17, 2022 | Energy

UK needs to put more ‘energy’ into trade, says ex-NatWest boss

Bloomberg | June 17, 2022 | International Trade

Airlines were totally unprepared when travel came roaring back

Bloomberg | June 17, 2022 | Air Cargo | Airlines

NY Gateway project gets a plug from Biden infrastructure chief

Bloomberg | June 17, 2022 | Intermodal | Rail

President Joe Biden’s infrastructure czar, Mitch Landrieu said the US Northeast Corridor rail line would receive “a lot of attention” as far as spending, and called the $12.4 billion Gateway plan “a cathedral project.”

Kidder Mathews welcomes Ray as Director of Engineering & Sustainability for Asset Services

AJOT | June 16, 2022 | Logistics

Kidder Mathews has recruited Heidi Ray as Senior Vice President and Director of Engineering & Sustainability for Asset Services across the firm’s 21 West Coast locations.

Scallog robotics are key to Groupe Blondel’s performance at the Airbus site in Rochefort

AJOT | June 16, 2022 | Logistics

As part of its CSR policy, Groupe Blondel – a company with expertise in the supply chain and industrial logistics in particular – strives to manage and preserve its human capital across all its businesses so as to achieve the company’s ambitious goal of €300 million in turnover in 2023.

Girteka Fleet transforms its brand, presenting a new name and visual identity

AJOT | June 16, 2022 | Intermodal | Trucking

Girteka Fleet is transforming its brand and henceforth will be known as TNDM Trucking, as the new name and visual identity will better reflect the value proposition of the unique dedicated trucking business model.

PIL expands Intra Asia coverage with new China Thailand Vietnam service (CTV)

AJOT | June 16, 2022 | Maritime | Liner Shipping

Pacific International Lines (PIL) has introduced a new weekly direct service connecting key ports in China, Korea, Thailand, and Vietnam. The new service, known as China Thailand Vietnam Service (CTV), will commence on 29 June 2022 from Tianjin Xingang, China. It will be served jointly by a consortium of vessels of average capacity of 2000 TEUs.

Pemamek responds to wind energy sector’s rising demand: Invests 15 Meur in factory expansion and R&D

AJOT | June 16, 2022 | Energy | Alternative

The welding and production automation provider Pemamek Ltd. invests in factory expansion and R&D. The investment totals 15 Meur. Additionally, by the end of the year 2022, the company will recruit an additional 40 people.

Alfa Laval expands its offering for tankers by acquiring tank cleaning leader Scanjet

AJOT | June 16, 2022 | Energy | Maritime | Bulk

Delivery and logistics to account for nearly one-fourth share of drone accessories market, states Fact.MR

AJOT | June 16, 2022 | Air Cargo | Technology

EIA expects significant increases in wholesale electricity prices this summer

AJOT | June 16, 2022 | Energy

In our latest Short-Term Energy Outlook (STEO), we expect prices this summer in wholesale electricity markets will significantly increase over last summer's prices. We forecast that electricity prices in the Northeast regions (ISO New England, New York ISO, and PJM markets) will exceed $100 per megawatthour (MWh) between June and August 2022, up from an average of about $50/MWh last summer. We forecast summer electricity prices will average $98/MWh in California's CAISO market and $90/MWh in the ERCOT market in Texas.

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