Iranian shooting at clear violation of international law

Reuters | May 14, 2015 | International Trade

The Iranian navy’s shooting at a Singapore-flagged tanker in the Gulf on Thursday is a clear violation of international law, Saudi Arabia’s foreign minister said. Read More »

US Senate backs clampdown on currency cheats ahead of key trade vote

Reuters | May 14, 2015 | International Trade

U.S. senators backed tough new rules against currency manipulation ahead of an important test vote that holds the key to completing a Pacific Rim trade deal, the backbone of the Obama administration's pivot to Asia. Read More »

U.S. lawmaker wants hearing on train safety controls

Reuters | May 14, 2015 | Intermodal | Rail

USA-TRAIN/DERAILMENT-CONGRESS:U.S. lawmaker wants hearing on train safety controls Read More »

US Senate poised to breathe new life into Obama’s trade agenda

Reuters | May 14, 2015 | International Trade

President Barack Obama's trade agenda, which focuses squarely on developing stronger ties with Asia, gets a shot at new life when the U.S. Senate is set to hold an important test vote on legislation to help him complete a Pacific Rim deal. Read More »

US rejects Canada’s claim that Volcker rule violates NAFTA

Reuters | May 14, 2015 | International Trade

The White House has dismissed the Canadian government's claim that a ban on some proprietary trading on Wall Street violates a free-trade agreement, saying it has the legal right to protect its financial system. Read More »

House’s Pelosi says concerned about “fast-track” bill’s time frame

Reuters | May 14, 2015 | International Trade

U.S. House of Representatives Democratic leader Nancy Pelosi said she had concerns over the duration of a bill in Congress to give President Barack Obama "fast-track" authority to negotiate trade deals. Read More »

US trade bill clears Senate hurdle in boost to Pacific trade pact

Reuters | May 14, 2015 | International Trade

A 12-nation Pacific trade agreement cleared a crucial test in the U.S. Senate on Thursday, giving a resounding thumbs-up to legislation that holds the key to President Barack Obama's diplomatic pivot to Asia. Read More »

US trade setback more diplomatic than economic

Reuters | May 14, 2015 | International Trade

America’s claim to global economic leadership has suffered another blow. After China’s coup in getting 57 countries to join its new Asian infrastructure bank, the United States Senate has delayed a bill that would have given President Barack Obama authority to negotiate a new Pacific trade pact. Read More »

US class action asserts India’s Ranbaxy manipulated FDA rules

Reuters | May 14, 2015 | International Trade

Indian generic drugmaker Ranbaxy Laboratories Ltd has been sued in a district court in the United States for allegedly manipulating U.S. Food and Drug Administration rules for years to keep rival generic drugs out of the market. Read More »

JBS CEO says Brazil close to exporting fresh beef to US

Reuters | May 14, 2015 | International Trade

Brazil is "closer than it had ever been" to exporting fresh beef to the United States, the chief executive of Brazilian meat packer JBS SA said on Thursday, adding that he expects shipments to start later this year. Read More »

Senate vote advances Trade Promotion Authority

AJOT | May 14, 2015 | International Trade

The National Retail Federation issued the following statement from Senior Vice President for Government Relations David French today following the Senate vote advancing consideration of the Bipartisan Congressional Trade Priorities and Accountability Act, which would renew Trade Promotion Authority: Read More »

India to seek end to non-tariff barriers during Modi’s China visit

Reuters | May 14, 2015 | International Trade

India will seek abolition of non-tariff barriers during Prime Minister Narendra Modi’s visit to China next week, officials said, as part of efforts to reduce a widening trade deficit and boost local industry. Read More »

EU to impose duties on imports of electrical steel

Reuters | May 14, 2015 | International Trade

The European Union will impose anti-dumping duties on imports of a grade of electrical steel from China, Japan, Russia, South Korea and the United States. Read More »

India online retail hierarchy looks far from fixed

Reuters | May 14, 2015 | Intermodal | Road

India’s e-commerce hierarchy looks far from fixed. The exponential growth of smartphone users is rapidly changing shopping habits in the nation of 1.2 billion people. Investors have poured in hoping to pick the next Amazon or Alibaba. The opportunity is huge but low barriers to entry mean it is easy for wannabes to crash the party. Read More »

Freight train derails in Pittsburgh, no injuries

Reuters | May 14, 2015 | Intermodal | Rail

A freight train derailed in Pittsburgh and emergency crews were called, but there were no injuries and no hazardous materials involved, a railway spokesman said. Read More »

US lawmakers seek answers soon on Gulf airline subsidy claims

Reuters | May 14, 2015 | Air Cargo

U.S. lawmakers have stepped up pressure on the Obama administration to take a stance on allegations that three Gulf airlines received market-distorting subsidies, asking it to answer several questions by May 20. Read More »

Evergreen Line Launches China-Surabaya Service

AJOT | May 14, 2015 | Liner Shipping

In view of the increasing market demand resulting from significant trade growth between China and the ASEAN countries, Evergreen Line will partner with COSCO and China Shipping in launching a joint China-Surabaya Express (CSX) Service. This is Evergreen's latest initiative to enhance its service on the Intra-Asian trade. Read More »

Panama Canal registers record grain and salt cargoes in the first quarter of 2015

AJOT | May 14, 2015 | Ports & Terminals | Canal and Waterway

From October 2014 through March 2015, cargo shipments in dry bulkers through the Panama Canal increased by 8.0 percent, equaling 66.0 million long tons in total. Read More »

Transpro Freight Systems announces purchase of Trans-Send Freight Systems Ltd.

AJOT | May 14, 2015 | Transport Intermediaries

Transpro Freight Systems is pleased to announce the purchase of Trans-Send Freight Systems Ltd. The additional fleet and human resources immediately expands Transpro’s USA footprint. Current Trans-Send President, Lisa Carwardine will stay on with Transpro Freight and assist with the transition as the two operations merge. Read More »

CSX CFO Reviews Volume and Earnings Expectations for 2015

PR Newswire | May 14, 2015 | Intermodal | Rail

CSX CEO Fredrik Eliasson today discussed the company's performance and second quarter volume and earnings projections at the Bank of America Merrill Lynch 2015 Transportation Conference in Boston. Read More »