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Latin America faces challenges with fall in commodity prices - by George Lauriat

For nearly a decade the major economies of South America rode a growth wave propelled by high prices for export commodities. In 2014 the wave crashed down as commodity prices dropped. Now it is a question of who will recover quickest and best, economies like Chile on the west coast or the mega-economy Brazil.

Global logistics exec urges industry not to let ‘good crisis go to waste’

Paul Scott Abbott | March 31, 2015 | International Trade

Opening the Georgia Logistics Summit, the top supply chain executive of a major food products marketer says the recent West Coast port congestion crisis provides an opportunity for improvement that should not be missed. Read More »

US, Japan have “significant gaps” on auto market access

Reuters | March 31, 2015 | International Trade

Acting Deputy U.S. Trade Representative Wendy Cutler said that "significant gaps" in the trade negotiations remain between the United States and Japan regarding access for U.S. automobiles in the Japanese market. Read More »

China’s WH Group sees US pork imports rising despite slower demand

Reuters | March 31, 2015 | International Trade

Chinese pork giant WH Group will increase imports from top exporter the United States this year, with U.S. prices around half those in China, Chairman Wan Long said. Read More »

Tesla CEO Musk’s upbeat tweets about China

Reuters | March 31, 2015 | International Trade

Elon Musk, the widely followed chief executive of electric car maker Tesla Motors Inc, tweeted several optimistic statements about the company's sagging China operations, sparking a sharp rebound the company's stock. Read More »

Ford revives the Lincoln Continental, aims at US and China

Reuters | March 31, 2015 | International Trade

Ford Motor Co will resurrect the Lincoln Continental as its top-of-the line luxury sedan, betting the classic name will help rebuild the brand's image in the United States and China. Read More »

Ralph Lauren to get $3.2 million from Indian licensee Arvind in settlement

Reuters | March 31, 2015 | International Trade

Textile maker Arvind Ltd said its lifestyle brands subsidiary would pay $3.2 million to Ralph Lauren to settle a lawsuit the US-based luxury fashion house filed in 2013. Read More »

Honda Canada to manufacture CR-V model for the European market

Reuters | March 31, 2015 | International Trade

Honda Motor Co said that its Canadian unit will produce the next generation CR-V model for the European market, marking the first time that its Canadian arm will export vehicles to Europe. Read More »

Even before any ‘Brexit’ vote, UK losing sway in Europe

Reuters | March 31, 2015 | International Trade

After decades of punching above its weight in Europe, Britain's influence in the European Union is waning, even before we know whether a promised referendum on "Brexit" will go ahead. Read More »

Vietnam hit by rare strike at major footwear factory

Reuters | March 31, 2015 | International Trade

Thousands of workers at a major factory in southern Vietnam went on strike for a fifth day on Tuesday in protest over social insurance cover, in rare show of labour unrest in a country positioning itself as a future Asian manufacturing powerhouse. Read More »

Modi government says to push for cow slaughter ban in India

Reuters | March 31, 2015 | International Trade

India will use all its “might” to ban cow slaughter across the country, interior minister Rajnath Singh said in a speech to spiritual leaders, as the Hindu nationalist government moves to fulfill a poll promise of Prime Minister Narendra Modi. Read More »

Trade between China and Silk Road nations to exceed $2.5 trillion

Reuters | March 31, 2015 | International Trade

China's President Xi Jinping said he hoped its annual trade with the countries involved in Beijing's plan to create a modern Silk Road would surpass $2.5 trillion in a decade. Read More »

China to delay bank tech restrictions

Reuters | March 31, 2015 | International Trade

China has agreed to delay implementing new bank technology restrictions that Washington has complained represent unfair regulatory pressure on foreign firms, a senior U.S. Treasury official said in Beijing. Read More »

Federal grant supports $500,000 to improve air quality at Port of Baltimore

AJOT | March 31, 2015 | Ports & Terminals

Thanks to a $200,000 grant from the U.S. Department of Transportation, combined with $300,000 in existing State funds, the Port of Baltimore will invest $500,000 to continue its popular program to improve air quality by replacing old diesel trucks that are used to haul freight around port facilities with newer, cleaner trucks. Read More »

Kion, Mitsubishi in talks to buy UniCarriers

AJOT | March 31, 2015 | Intermodal | Road | Transport Intermediaries

Germany's Kion and Mitsubishi Heavy Industries are in talks to buy Japanese forklift truck maker UniCarriers for up to 100 billion yen ($833 million), a source familiar with the matter said, confirming a Nikkei report. Read More »

Canadian trailer maker Manac to explore potential sale

Reuters | March 31, 2015 | Intermodal | Road

Manac Inc, the largest manufacturer of truck trailers in Canada, said its board has begun a strategic review to explore a potential sale or merger. Read More »

Roadrunner Transportation Systems companies earn 2014 General Motors “Supplier of the Year” awards

AJOT | March 31, 2015 | Intermodal | Road | Transport Intermediaries

Roadrunner Transportation Systems, Inc., a leading asset-light transportation and logistics service provider, has announced that two of its subsidiary companies, Active Aero Group and Rich Logistics, were named “Supplier of the Year” by General Motors. Read More »

China’s railway firms ink record 2014 profits as they look abroad

Reuters | March 31, 2015 | Intermodal | Rail

China's railway equipment makers reported record full-year profits on Monday, helped by government support that has lifted their sales abroad to countries such as the United States, Argentina and Thailand. Read More »

North Dakota’s new oil train safety checks seen missing risks

Reuters | March 31, 2015 | Intermodal | Rail

New regulations to cap vapor pressure of North Dakota crude fail to account for how it behaves in transit, according to industry experts, raising doubts about whether the state's much-anticipated rules will make oil train shipments safer. Read More »

Mitsui enters railcar leasing business in North America

AJOT | March 31, 2015 | Intermodal | Rail

Mitsui & Co., Ltd. has entered into an agreement with JA Mitsui Leasing, Ltd. and The Norinchukin Bank on their participation in Mitsui Rail Capital, LLC, which operates a railcar leasing business in North America. Read More »

CenterPoint announces headquarters expansion for Weiss-Röhlig Logistics in Elk Grove Village, IL

AJOT | March 31, 2015 | Transport Intermediaries

CenterPoint Properties has announce Weiss-Röhlig Logistics’ U.S. headquarters expansion into the remaining vacant space of their built-to-suit redevelopment facility located at 1601 Estes Avenue, Elk Grove Village, Illinois.  CenterPoint originally developed the project with Weiss-Röhlig as the anchor tenant for the project and completed the building in December of 2013. Read More »