House panel passes fast track trade bill

Reuters | April 24, 2015 | International Trade

Legislation to speed trade deals through the U.S. Congress cleared through a key committee, but low Democratic support signaled a looming battle over a Pacific trade pact central to President Barack Obama's strategic shift toward Asia. Read More »

Obama to Democratic trade critics: ‘I take that personally’

Reuters | April 24, 2015 | International Trade

President Barack Obama fought back against the biggest domestic obstacle to the Pacific trade pact he wants to conclude before he leaves office: the trade skeptics in his own Democratic party. Read More »

Amazon revenue beats, cloud computing more profitable than expected

Reuters | April 24, 2015 | International Trade

Amazon.com Inc's first-quarter revenue grew more than expected as rising sales in North America and its burgeoning cloud-computing services unit offset new business investments. Read More »

Brazil trucker strike sputters on second day

Reuters | April 24, 2015 | Intermodal | Road

Participation in a trucker strike in Brazil weakened its second day, as the number of blockages on highways fell to 11 from 17 the night before, according to police. Read More »

Broekman Logistics and Sea-Cargo open the ‘Continental Hub’ in Rotterdam

AJOT | April 24, 2015 | Ports & Terminals | Transport Intermediaries

The Norwegian Sea-Cargo Hub in Rotterdam has been officially opened by Rik Pek, General Manager Broekman Logistics, and Ole Saevild, CEO Sea-Cargo. The new Sea-Cargo Hub enables Broekman Logistics to provide the best-possible connections for serving the Scandinavian market. Read More »

Stakeholders offer views on supply chain efficiencies at the ports of Long Beach and Los Angeles

AJOT | April 24, 2015 | Ports & Terminals

More than 100 cargo owners, trucking firm leaders, longshore labor, marine terminals and other goods movement industry representatives turned out Wednesday for a joint meeting hosted by the ports of Long Beach and Los Angeles to gather input, insights and solutions focused on improving the performance of the supply chain. Read More »

Hamburg Süd completes resumption of full West Coast port coverage

AJOT | April 24, 2015 | Liner Shipping

Hamburg Süd announced that the West Coast Americas Service (WAMS) will resume direct Oakland calls starting with the “Cap Palliser” voyage 520 on May 16, 2015. Read More »

Kenya’s TransCentury reports 2014 loss, blames project delays

Reuters | April 24, 2015 | Intermodal | Rail

Kenyan investment firm TransCentury recorded a pretax loss of 2.11 billion shillings ($22.4 million) for 2014, partly blaming a slide in revenues due to some project delays, but said 2015 promised more infrastructure work. Read More »

Wen-Parker Logistics launches Latin American agent network

AJOT | April 24, 2015 | Transport Intermediaries

Wen-Parker Logistics, Inc. (WPL), a leading freight forwarding and global logistics provider based in Mahwah, NJ, is proud to announce the launch of their Latin America Agent Network and the addition of 2 key staff members to their growing management team. Read More »

Paragon Software Systems cited in Carbon Disclosure Project Report as top transportation management

AJOT | April 24, 2015 | Transport Intermediaries

Paragon Software Systems, Inc., a leader in vehicle routing and scheduling optimization solutions, announces that several clients of the company have been listed in the Carbon Disclosure Project (CDP) Report for striving to meet green supply chain goals using technology. Read More »

American Airlines first-quarter profit tops expectations

Reuters | April 24, 2015 | Air Cargo

American Airlines Group Inc reported first-quarter profit above analysts' expectations and declared a $0.10 dividend as cheap fuel continued to help its bottom line. Read More »

Airbus upbeat on sales as A380 marks bitter-sweet anniversary

Reuters | April 24, 2015 | Air Cargo | International Trade

Europe's Airbus pledged to boost sales of its A380 superjumbo, as the world's largest passenger jet prepares to celebrate a bitter-sweet 10-year anniversary in the skies having booked no new airline orders since 2013. Read More »

Purolator International names Roberts as Western District Sales Manager

AJOT | April 24, 2015 | Intermodal | Road

Purolator International, a leading provider of cross-border logistics between the U.S. and Canada,has announced the appointment of Bruce Roberts as Western District Sales Manager. Read More »

China’s new free trade zones to hasten capital account opening

Reuters | April 23, 2015 | International Trade

China formally announced details of three more free trade zones (FTZ) this week, a move that suggests the originally Shanghai-driven initiative has now escalated to the national level, analysts say. Read More »

Swiss exports defy franc surge on US, Asia strength

Reuters | April 23, 2015 | International Trade

Swiss exports pushed higher in March despite the franc currency's sharp rise against the euro, as surging shipments to the United States, Middle East and Asia more than compensated for a drop-off in sales to the single currency bloc. Read More »

US trade bill key to Pacific pact clears Senate panel

Reuters | April 23, 2015 | International Trade

Legislation to give the White House "fast track" authority to nail down a Pacific trade pact cleared its first hurdle in the U.S. Congress as a committee backed the bill and sent it to the full Senate for consideration. Read More »

US lawmakers to again push currency rules for trade deals

Reuters | April 23, 2015 | International Trade

U.S. lawmakers will press again to punish currency manipulators in legislation key to closing a Pacific trade pact, despite warnings from the White House the move could derail a central plank of the administration's outreach to Asia. Read More »

Pacific pact negotiators agree trade rules for six subjects

Reuters | April 23, 2015 | International Trade

Negotiators for the Trans-Pacific Partnership have agreed trade rules for six broad categories as officials race to conclude a trade pact, a Japanese government source said. Read More »

US Senate panel rejects tough currency rules for fast track

Reuters | April 23, 2015 | International Trade

A U.S. Senate panel rejected a push to beef up rules against currency manipulation in a key trade bill, avoiding a clash with the Obama administration and U.S. trade partners. Read More »

Volkswagen to get Canadian financing for US, Mexico plants

Reuters | April 23, 2015 | International Trade

German car maker Volkswagen AG will get 400 million Euros ($407 million) in trade financing from Canada to help expand its southern U.S. and Mexican operations and thereby generate business for Canadian firms, Ottawa said. Read More »