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

Share of natural gas production in U.S. tight oil plays increased over the last decade

AJOT | November 01, 2024 | Energy

Natural gas produced from the three largest tight oil-producing plays in the United States has increased in the last decade. Natural gas comprised 40% of total production from the Bakken, the Eagle Ford, and the Permian compared with 29% in 2014.

Alaska Air Group reports third quarter 2024 results

AJOT | November 01, 2024 | Air Cargo | General | By The Numbers

Air Group closed out a strong third quarter, generating GAAP pretax margins of 10.7% and earnings per share (EPS) of $1.84. On an adjusted basis, our pretax margin of 13.0% will lead the industry. Given Air Group’s completed acquisition of Hawaiian Airlines on September 18, 2024, quarterly financial statements include approximately 13 days of Hawaiian Airlines results.

Ports & Terminals

AJOT | Top Story | November 01, 2024

Port of Montreal: Viau and Maisonneuve terminals shut down until further notice

Thursday morning at 11 a.m., an indefinite strike began at the Viau and Maisonneuve terminals following the strike notice filed by CUPE Local 375, the longshore workers’ union. As a result, these two Termont-operated terminals are closed, and...

Port Authority starts construction on 4th phase of container terminal

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

As the fastest-growing container terminal in the United States over the last six years, the Port of Mobile continues to set new productivity and customer service standards. In addition, Forbes recently named the Port of Mobile the second fastest-growing port of entry to t

CMA CGM Announcement: Fraud attempts to customers

AJOT | November 01, 2024 | Maritime

CMA CGM Group has recently been facing increased fraud attempts.

Cathay Pacific celebrates the launch of direct flights between Hong Kong and Riyadh

AJOT | November 01, 2024 | Air Cargo | Airlines

Cathay Pacific is delighted to have commenced its non-stop passenger service between Hong Kong and Riyadh on Monday, 28 October 2024, offering customers from Hong Kong and across Asia-Pacific an exciting opportunity to explore the capital and financial center of Saudi Arabia, and experience the diverse cultural offerings of the Middle East. These flights also connect more customers from the Middle East to Hong Kong, the Chinese Mainland, and beyond.

Intermodal

AJOT | Top Story | November 01, 2024

Freight railroads open national collective bargaining process

The freight rail industry’s goal is to finalize agreements that build on its strengths: providing safe, high-paying jobs with professional growth opportunities, maintaining affordable and reliable customer service and continuing to invest in infrastructure and innovation.

Ports & Terminals

Leo Ryan | Top Story | October 31, 2024

Montreal longshoremen launch second strike against Termont’s container terminals

In a new pressure tactic in a series of partial work stoppages, the union representing 1,200 longshoremen at the Port of Montreal today began an “unlimited strike” uniquely targeting Termont, which operates two terminals accounting for 40% of container cargo at Canada’s second biggest container port after Vancouver.

Maersk sees no Suez Canal return until ‘well into 2025’ due to Red Sea threat

A.P. Moller-Maersk expects strong demand for shipping goods around the world to continue in the coming months, but sees no return to sailing through the Suez Canal until 2025 due to the threat of Red Sea attacks.

Lineage celebrates grand opening of next-generation automated warehouse in Hazle Township, Pa.

AJOT | October 31, 2024 | Logistics

Lineage, Inc. (the “Company”), the world’s largest global temperature-controlled warehouse REIT, celebrated the grand opening of its new, fully automated cold storage warehouse in Hazle Township, Pa. on October 29.

Brewers’ volumes disappoint as drinkers buy less beer

Reuters | October 31, 2024 | International Trade

Two of the biggest brewers, Anheuser-Busch InBev and Carlsberg, sold less than forecast in the third quarter as consumers, particularly in China, cut their spending by drinking less or choosing cheaper beer.

Woodside and Tokyo Gas in discussions over stake in US LNG project

Reuters | October 31, 2024 | Energy

Tokyo Gas is in talks with Woodside Energy over taking a stake in a multi-billion-dollar Louisiana liquefied natural gas (LNG) export project, according to two people familiar with the discussions.

US LNG exports to rise at smallest pace since 2016

Reuters | October 31, 2024 | Energy

U.S. liquefied natural gas exports this year will rise about 2%, analysts estimate, the smallest annual increase since 2016 when the first big U.S. LNG export plant opened, launching a boom that drove the country's producers to the top of world gas exporters.

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