Union Pacific raises dividend, capex spending

AJOT | May 09, 2010 | Intermodal

No. 1 U.S. railroad Union Pacific Corp will increase its dividend 22 percent, dedicate more money to capital spending, and resume share buybacks under an existing program. Read More »

Pacer surprise quarterly profit

AJOT | May 09, 2010 | Intermodal

Pacer International posted a surprise quarterly profit on an improving freight market.

Pacer's results also indicate its turnaround strategy was on track, even after giving up a significant part of its business. Read More »

Caterpillar buys rail maintenance company

AJOT | May 09, 2010 | Intermodal

Caterpillar Inc said on Friday its Progress Rail Services division is buying FCM Rail Ltd, which leases equipment for maintaining railroads and track. Read More »

Clean trucks program reduces truck pollution under current 
transportation law,...

AJOT | May 09, 2010 | Intermodal

The debate over the Port of Los Angeles' effort to ban drayage truck owner-operators is not about clean air or reducing the environmental footprint at the Ports of Los Angeles and Long Beach, Robert Digges, Jr. Vice President and Chief Counsel of the Amer Read More »

Brazil’s ALL to invest $570 mlllion in 2010

AJOT | May 09, 2010 | Intermodal

Investments by Brazilian railway operator America Latina Logistica are set to grow to 1 billion reais ($570 million) in 2010, with its business little-affected by the global economic crisis, Chief Executive Bernardo Hees.

"Last year, we grew, Read More »

CN presents Safe Handling Awards to shippers

AJOT | May 09, 2010 | Intermodal

CN announced the winners of its Safe Handling Awards for 2009. These awards are among the most coveted and respected in the industry. In all, 110 companies were presented with the Safe Handling Awards at a special ceremony here.

"On behalf of Read More »

Japan revives retaliation request vs US at WTO

AJOT | May 09, 2010 | International Trade

Japan is stepping up pressure against the United States in a dispute about the way the U.S. sets duties on imports it views as unfairly priced, by reviving a request for sanctions at the World Trade Organization.

The Japanese move is a furthe Read More »

Colombia coffee output rising to 14-15 mllion bags

AJOT | May 09, 2010 | International Trade

Colombian coffee output will climb to 14 million to 15 million 60-kg bags in five years with more productive crops, but no increase with areas under cultivation, said Luis Genaro Munoz of the country's coffee federation.

After Colombia regist Read More »

Indonesia, Malaysia seek WTO advice on EU biofuel policy

AJOT | May 09, 2010 | International Trade

Indonesia and Malaysia, the world's No. 1 and No. 2 palm oil producers, are seeking legal advice from the World Trade Organization to ensure that European Union renewable energy rules do not harm palm oil use for biodiesel, ministers said. Read More »

EU rejects use of trade sanctions vs African states

AJOT | May 09, 2010 | International Trade

The European Union will not impose trade sanctions against African states under controversial leadership, including Madagascar, for fear of unfairly punishing ordinary citizens, a senior EU official said.

Peter Thompson, director of developme Read More »

Brazil plans tax breaks, new bank for exports

AJOT | May 09, 2010 | International Trade

Brazil's government is readying an export promotion program that includes tax exemptions and credits and the creation of a state-run trade bank, amid a dramatic decline in the nation's trade surplus, Valor Economico newspaper reported.

The pl Read More »

China, Russia, Canada again top USTR piracy list

AJOT | May 09, 2010 | International Trade

The United States on Friday placed Russia on its list of countries with the worst records of preventing copyright theft for the 13th straight year, just days after the two nations agreed to intensify talks on Moscow's bid to join the World Trade Organizat Read More »

Trade talks between EU, Central America collapse

AJOT | May 09, 2010 | International Trade

Trade negotiations between the European Union and Central America have collapsed, jeopardizing the EU's bid to reach an agreement before a meeting of leaders from both regions, EU officials. The talks between the 27-nation EU and Panama, Guatemala, Costa Read More »

Brazil car export surge helps boost April output

AJOT | May 09, 2010 | International Trade

Automobile output in Brazil jumped in April from a year earlier as automakers ramped up production to meet a surge in demand in export and domestic markets, the national automakers' association Anfavea said.

Output jumped 14.2 percent in Apri Read More »

Carbon tariffs on imports risk trade war

AJOT | May 09, 2010 | International Trade

The European Union is considering border tariffs on imports from more polluting countries, but an initial assessment shows such levies could spark trade wars, draft reports show.

Two European Commission reports do not explicitly reject a push Read More »

US eyes deeper trade ties with Latin America

AJOT | May 09, 2010 | International Trade

The United States needs to deepen its economic engagement in Latin America in response to competitive pressures from China and European Union, a top U.S. trade official said.

"The world isn't going to stand still for us. We have to realize th Read More »

Industry overstated EU feed import crisis

AJOT | May 09, 2010 | International Trade

The disruption to animal feed imports caused by Europe's "zero tolerance" policy on unapproved genetically modified organisms (GMOs) has been exaggerated by industry, campaigners Friends of the Earth said.
Last summer, several shipments of soy from Read More »

India FY10 exports fall; targets 15% export growth

AJOT | May 09, 2010 | International Trade

India's exports dropped 4.7 percent in the fiscal year 2009/10 as the global slowdown sapped demand, but Asia's third-largest economy is targeting close to 15 percent export growth this year, officials said. Read More »

Budapest Airport welcomes Cargolux’s 5TH weekly flight

AJOT | May 09, 2010 | Air Cargo

Following eight years of successful operations at Budapest, Cargolux the Luxembourg based all cargo carrier, has added a fifth weekly 747-400F flight from Hong Kong. Cargolux is the only cargo carrier offering direct services out of Asia, which is greatly Read More »

Express faces risks as TNT Q1 beats forecasts

AJOT | May 09, 2010 | Air Cargo

Dutch mail and logistics group TNT said the recovery of its express business, a target of buyout speculation, still faced risks as it beat forecasts with a 54 percent rise in first-quarter operating profit.

TNT, Europe's second largest mail a Read More »