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Canadian Pacific Railway confirms end of talks with CSX

Reuters | October 20, 2014 | Intermodal | Rail

Canadian Pacific Railway Ltd said on Monday that it had ended talks to buy No. 3 U.S. railroad operator CSX Corp. Read More »

Costco seeks China path that avoids Wal-Mart’s potholes

Reuters | October 17, 2014 | International Trade

By selling directly to Chinese consumers on Alibaba's platform, a move announced Tuesday, Costco Wholesale Corp. aims to employ local knowledge and a low-cost structure to avoid missteps that caused even the world's largest retailer, Wal-Mart Stores Inc., to stumble. Read More »

Port of Long Beach adds ‘free time’ for cargo to ease congestion

AJOT | October 17, 2014 | Ports & Terminals

The Port of Long Beach will add an extra three days to the time that overseas import containers can remain on the docks without charge, in order to grant some relief to cargo owners as the supply chain works to eliminate cargo delivery delays. Read More »

MOL’s ACW Service to begin calling Philadelphia

AJOT | October 17, 2014 | Liner Shipping

MOL (America) Inc. has announced that the America’s Coast West (ACW) service will begin calling Philadelphia. The new port rotation will begin by departing Valparaiso on November 12, 2014. As a result of this strategic new port call designed especially for refrigerated cargo, customers will enjoy the following benefits: Read More »

As clock winds down, CP Rail’s Harrison hunts for his dream deal

Reuters | October 17, 2014 | Intermodal | Rail

Veteran railroad boss Hunter Harrison has won over many critics since taking over as chief executive of Canadian Pacific Railway, but he still has unfinished business - creation of a consolidated North American railway - and he is running out of time to do it. Read More »

Maersk Line to hike Asia-Europe rates by over 100 percent

Reuters | October 17, 2014 | Liner Shipping

Container shipping company Maersk Line, a unit of Danish conglomerate A.P. Moller-Maersk , plans to raise freight rates sharply on main routes from ports in Asia to ports in northern Europe, with effect from Nov 1. Read More »

Asia-Europe container freight rates fall 4.5 percent

Reuters | October 17, 2014 | Liner Shipping

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 4.5 percent to $705 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters. Read More »

Pacific protesters in canoes, kayaks target Australian coal port

Reuters | October 17, 2014 | Ports & Terminals

Hundreds of protesters on Friday joined environmental activists from a dozen South Pacific countries attempting to halt shipping at the world’s largest coal export terminal in eastern Australia by forming a blockade with canoes, surfboards and kayaks. Read More »

Brazil agency blocks Maersk sale of Polvo oilfield stake to HRT

Reuters | October 17, 2014 | Energy

Brazil’s oil regulator ANP rejected the sale of a 40 percent stake in the Polvo offshore oilfield to HRT Participacoes em Petroleo SA by the oil unit of Danish energy and shipping group A.P. Moller-Maersk, the regulator said on Thursday. Read More »

ATA Urges Rejection of Misleading Push Poll on Truck Safety

PR Newswire | October 16, 2014 | Intermodal | Road

American Trucking Associations President and CEO Bill Graves issued a statement calling on policymakers to reject a recently released push poll on the important truck safety issue of hours-of-service. Read More »

Canadian pulp makers urge government to pressure China on anti-dumping duties

Reuters | October 16, 2014 | International Trade

Two Canadian paper and pulp producers urged the federal government to put pressure on China to overturn the country's anti-dumping duties on dissolving pulp, a cellulosic material used to produce rayon. Read More »

The global business of secondhand clothes thrives in Kenya

Reuters | October 16, 2014 | International Trade

Shaded by ragged squares of canvas, amid choking dust and the noise of hawkers, shoppers in Nairobi's Gikomba market can turn up Tommy Hilfiger jeans or a Burberry jacket for a fraction of the price in London's Regent Street or New York's Fifth Avenue. Read More »

US encouraged by progress with Japan on Pacific trade pact, but ‘tough’ issues remain

Reuters | October 16, 2014 | International Trade

Progress in U.S. talks with Japan towards a Trans-Pacific Partnership trade pact is encouraging, but difficult issues remain, the acting deputy U.S. trade representative said. Read More »

US confirms duties on China’s refrigerant imports

Reuters | October 16, 2014 | International Trade

The U.S. Department of Commerce confirmed steep duties on imports of refrigerant gas from China, saying the goods were sold too cheaply in the United States and were produced using Chinese government subsidies. Read More »

India has until October 21 to back global customs deal

Reuters | October 16, 2014 | International Trade

India has until to support a global trade deal struck last year or risk being left out of the agreement to ease worldwide customs rules, the chairman of EU trade ministers said. Read More »

SC Ports Authority container volume up 13%

AJOT | October 16, 2014 | Ports & Terminals

SC Ports Authority announced 13 percent year-over-year increases in container volume through the first quarter of the 2015 fiscal year. Read More »

September TEU volumes exceed 200,000 units; congestion mitigation remains focus at Port of Virginia

AJOT | October 16, 2014 | Ports & Terminals

Exports moving across the Port of Virginia in September helped drive the port’s third consecutive month of total TEU volume exceeding 200,000 units. Read More »

Sohar port challenges Gulf rivals as Oman pushes beyond oil

Reuters | October 16, 2014 | Ports & Terminals

An advertisement by the highway outside Dubai's massive Jebel Ali Port tells firms they don't need to ship goods through the Strait of Hormuz, the traditional gateway to the Gulf. Instead they can have goods delivered to a port in Oman, outside the Gulf, and bring them into the region by road. Read More »

Senator McConnell named Champion of Maritime

AJOT | October 16, 2014 | Liner Shipping | Ports & Terminals

Senator Mitch McConnell (R-KY) was named a Champion of Maritime by the American Maritime Partnership (AMP), the voice of the domestic maritime industry. Read More »

Democratic US senator raises concerns over potential CP, CSX deal

Reuters | October 16, 2014 | Intermodal | Rail

The head of a U.S. Senate subcommittee raised concerns in a letter to the U.S. Attorney General and head of the top U.S. rail regulator about a potential merger between Canadian Pacific Railway Ltd and CSX Corp, and called on them both to fully review the antitrust implications of any such deal. Read More »

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