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

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.

Two senior managers hired for AI business process optimization at INFORM

AJOT | November 01, 2024 | Shipping Technology

Peter Frerichs, CEO of INFORM states, "Both new colleagues have extensive experience in leadership roles. That was a key objective for us. We will benefit from their entrepreneurial expertise and extensive experience in leading technology companies."

Libra Consortium announces first oil at third FPSO in Brazil pre-salt

AJOT | November 01, 2024 | Energy

Kalmar has set CO2 emission reduction targets

AJOT | November 01, 2024 | Green Shipping

The Science Based Targets initiative (SBTi) has acknowledged Kalmar’s commitment. The targets are still pending approval from the SBTi. Science-based targets provide companies with a clearly-defined path to reduce emissions in line with the Paris Agreement goals. More than 6,000 organizations around the world are already working with SBTi.

Signal Ocean Dry Weekly Market Monitor crude and product freight rates, supply-demand - Week 44.2024

AJOT | November 01, 2024 | Energy | Conventional

This week’s focus highlights a decrease in the growth of dirty tonne days throughout this year at a pace lower than seen in the previous two years. For VLCC from the Arabian Gulf to the Far East, there has been a late rebound, with levels nearing surpassing the pace of October in 2023. However, the weakening trend from West Africa to the Far East remains showing a sharp decreasing pace, with a notable downward movement of the previous annual levels.

Trinity Logistics Tech Team earns Top 10 Spotlight

AJOT | November 01, 2024 | Logistics

Trinity Logistics is thrilled to share that its Technology Team has been recognized as one of the Top 10 Technology Teams by OnConferences. This prestigious award honors organizations that have demonstrated exceptional innovation, technical expertise, and a commitment to delivering leading solutions.

Women In Trucking Association announces November 2024 Member of the Month

AJOT | November 01, 2024 | Trucking

The Women In Trucking Association (WIT) has announced Dana Tarver as its November 2024 Member of the Month. Tarver is a fuel hauler for Kenan Advantage Group (KAG), a leading specialized transportation and logistics provider across a range of diversified end markets in the United States and Canada.

Panos Patsadas joins Trans Global Projects as Global Chartering Manager

AJOT | November 01, 2024 | Logistics | People | Appointments

“His deep understanding of the global shipping market and proven leadership make Panos Patsadas a perfect fit for our team,” said Colin Charnock, Chief Executive Officer, TGP. “We are confident that he will drive forward our chartering division worldwide, further positioning TGP as a leader in the project logistics industry.”

Wallenius Wilhelmsen appoints Bjørnar Bukholm as new CFO

AJOT | November 01, 2024 | Logistics | People | Appointments

“We are very excited to have Bjørnar back in Wallenius Wilhelmsen. Bjørnar knows our company and industry well, has a proven track record as CFO and brings wide and deep strategic and financial experience into the role. He has delivered outstanding results in his previous roles. I believe he will be a very valuable addition to our executive team,” says CEO and President at Wallenius Wilhelmsen, Lasse Kristoffersen.

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