Transformer for St. Lucie Nuclear Power Plant arrives at Port of Palm Beach

AJOT | November 09, 2010 | Ports & Terminals

On November 4, the multipurpose ship BCC Delaware arrived at the Port of Palm Beach with a transformer for the St. Lucie Nuclear Power Plant. The transformer weights 489,000 lbs. is designed to replace an aging transformer currently in use at the nuclear Read More »

Old Dominion announces rate increase

AJOT | November 09, 2010 | Intermodal

Todd Polen, Vice President of Pricing for Old Dominion Freight Line, Inc., announced from the less-than-truckload carrier's Thomasville, N.C. headquarters that the organization would be increasing its base rates effective November 15, 2010 Read More »

Russia rail freight up 6.7% in October

AJOT | November 09, 2010 | Intermodal

Russian rail freight -- a key indicator of broader economic health -- rose 6.7 percent in October from a year ago, extending its recovery trend to a full 12 months. Read More »

Southeastern Freight Lines named LTL Carrier of the Year by Home Depot

AJOT | November 09, 2010 | Intermodal

Southeastern Freight Lines, a leader in regional less-than-truckload (LTL) transportation services, has been named LTL Carrier of the Year for 2010 by The Home Depot', the nation's largest home improvement retailer. Read More »

Transnet mulls more iron ore line expansion

AJOT | November 09, 2010 | Intermodal

South African logistics group Transnet said it was studying an expansion of its ore export line to transport up to 80 million tonnes of iron ore and 12 million tons of manganese per year.

Transnet Freight Rail (TFR), the group's freight unit, Read More »

Fesco buys into TransContainer for $139 mllion

AJOT | November 09, 2010 | Intermodal

Russian shipping company FESCO said it paid $138.5 million for 12.5 percent of Russian Railways unit TransContainer during the rail group's initial public offering. Read More »

Swift Holdings raises max value of IPO by 43.8%

AJOT | November 09, 2010 | Intermodal

Swift Holdings Corp, the largest truckload carrier in North America, raised the maximum size of its initial public offering by 43.8 percent.

The company now plans to raise a maximum of just over $1 billion, it said in a regulatory filing. It Read More »

TransContainer prices IPO at bottom of range

AJOT | November 09, 2010 | Intermodal

State-owned Russian Railways unit TransContainer priced its IPO near the bottom of the range to raise $400 million in London and Moscow, giving investors exposure to its vast rail network.

TransContainer , which counts aluminium giant UC RUSA Read More »

Growth in intra-Asia trade to drive freight-industry execs

AJOT | November 09, 2010 | International Trade

Intra-Asia trade will be the lynchpin for the global shipping industry in the near term as the West slowly recovers from the financial crisis, senior maritime executives.

Led by growing consumer consumption in China and India, intra-Asia trad Read More »

Germany’s Merkel warns on protectionism

AJOT | November 09, 2010 | International Trade

A return to trade protectionism is the greatest danger facing the global economy, German Chancellor Angela Merkel was quoted as saying. Read More »

EU should be flexible to reach trade deal with Gulf

AJOT | November 09, 2010 | International Trade

Gulf Arab oil producing countries would sign a long-delayed free trade agreement with the European Union immediately if the bloc shows flexibility over export duties, a Gulf Cooperation Council official said.

Both camps started negotiating a Read More »

Brazil takes EU poultry rules to WTO

AJOT | November 09, 2010 | International Trade

Brazil will ask the World Trade Organization to open a dispute panel over European Union poultry regulations it considers illegal, a senior government official told Reuters.

"We've concluded that we have a strong case and will proceed," said Carlos Ma Read More »

Singapore’s chemical ambitions face Chinese threat

AJOT | November 09, 2010 | International Trade

Singapore's aim to rule Asia's expanding specialty chemicals market will be challenged with China set to boost capacity and reduce imports, leaving the island with limited export options. Read More »

SE Asia needs less expansionary policies

AJOT | November 09, 2010 | International Trade

Southeast Asian economies need to shift towards less expansionary fiscal and monetary policies as they recover from the global economic downturn, the Organisation for Economic Cooperation and Development (OECD) said in a report.

"Greater flex Read More »

Mexico, Brazil agree to seek closer trade ties

AJOT | November 09, 2010 | International Trade

Brazil and Mexico said they would work towards a trade deal to tie Latin America's top two economies more closely together, boost tiny trade flows and confront rising global competition.

The agreement follows more than a decade of attempts to Read More »

Trade deals in the Asia-Pacific region

AJOT | November 09, 2010 | International Trade

Leaders and ministers from the Asia-Pacific Economic Cooperation (APEC) forum will discuss this week steps toward setting up a vast free trade area, as Doha talks to reach a deal to open up global commerce struggle.

APEC consists of 21 econom Read More »

Italy’s jewellery exports up 26%

AJOT | November 09, 2010 | International Trade

Italy's jewellery exports jumped 26 percent in value in the first half of 2010, helped by soaring precious metals prices, according to industry data cited by a newspaper.

Shipments by the major jewellery exporter to the key U.S. market soared Read More »

China opens up big export lead over Germany

AJOT | November 09, 2010 | International Trade

In the first nine months of 2010, China opened up a massive exports lead on Germany, which until last year was still exporting more merchandise than the Asian giant, World Trade Organization data showed.

In the January-September period, China Read More »

Obama returns fire after China slams Fed’s move

AJOT | November 09, 2010 | International Trade

President Barack Obama defended the Federal Reserve's policy of printing dollars after China and Russia stepped up criticism.

The G20 summit has been pitched as a chance for leaders of the countries that account for 85 percent of world output to preve Read More »

United Tech targets $2.5 blllion India revenue by 2015

AJOT | November 09, 2010 | International Trade

Diversified U.S. manufacturer United Technologies Corp expects to grow its India revenue by 20 percent this year from about $500 million in 2009 and has set a 2015 target of $2.5 billion, its chairman said.

Hartford, Connecticut-based United Technolog Read More »