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

Phillips 66 to sell 49% stake in Swiss venture for $1.24 billion

Reuters | October 15, 2024 | Energy

Middle East supply disruption potential could send oil above $100/bbl, Citi says

Reuters | October 15, 2024 | Energy

Boeing to issue layoff notices to thousands next month, union and source say

Reuters | October 15, 2024 | Air Cargo | Airlines

Oil falls 2% as OPEC cuts oil demand growth view, China concerns

Reuters | October 15, 2024 | Energy

Acting US labor secretary intervenes in Boeing strike

Reuters | October 15, 2024 | Air Cargo | Airlines

Norway court rejects environmental injunction against oil and gas fields

Reuters | October 15, 2024 | Energy

Air Cargo

AJOT | Top Story | October 14, 2024

United adds eight new destinations in largest international expansion in its history

• United's Summer 2025 schedule includes service to eight new cities: Ulaanbaatar, Mongolia; Kaohsiung, Taiwan; Nuuk, Greenland; Palermo, Italy; Bilbao, Spain; Madeira Island, Portugal; Faro, Portugal and Dakar, Senegal • United will fly its largest-ever trans-Atlantic schedule next summer with new flights to Spain, Italy, France, Greece and Croatia – and will offer more flights to more destinations across the Atlantic next summer than any other U.S. airline including more than 760 weekly flights to over 40 destinations

Fewer tankers transit the Red Sea in 2024

AJOT | October 14, 2024 | Energy | Maritime | Bulk

The amount of crude oil and oil products flowing through the Bab el-Mandeb, the southern chokepoint at the mouth of the Red Sea, decreased by more than 50% in the first eight months of 2024.

Port Update with Mario Cordero – Interview with Richenny Bovannak, Highway Coordinator at HDR, Inc.

AJOT | October 14, 2024 | Ports & Terminals | Ports

On this edition of Port Update, Port of Long Beach CEO Mario Cordero speaks with Richenny Bovannak, Highway Coordinator at engineering consulting firm HDR, Inc. Richenny discusses her career and how a Port of Long Beach scholarship helped her finish college.

S&P Global: Boeing Co. remains on CreditWatch negative amid third quarter losses

AJOT | October 14, 2024 | International Trade

Boeing concurrently announced plans to reduce its workforce by approximately 10%, representing about 17,000 employees. We assume the cuts will take place in 2025 and will result in a significant reduction in costs though there will likely be upfront expenses and the effect on the company's productivity from the cuts are not yet clear.

Bridge installation on schedule: the New Wear Footbridge

AJOT | October 14, 2024 | Project / Heavy Lift | Maritime Project

The New Wear Footbridge will play a key role in Riverside Sunderland - connecting pedestrian and cyclist traffic from the city center to the Stadium of Light – home of Sunderland AFC.

Rail Vision announces $20 million standby equity purchase agreement

AJOT | October 14, 2024 | Intermodal | Rail

Port of Oakland container volume continues to grow anticipating strong 4th quarter

AJOT | October 14, 2024 | Ports & Terminals | Ports | By The Numbers

The Port of Oakland is the preferred export gateway for much of California’s agricultural products, due in part to its proximity to the Central Valley farming region. The Port ranks number one by TEU volume in refrigerated export trade among United States ports.

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