South African rail derailment lost 500,000 tons of export coal

AJOT | April 03, 2011 | Intermodal

A derailment on South Africa's rail lines to the Richards Bay Coal Terminal has lost around 500,000 tons of export coal, industry sources said.

The accident, which took place on the line near Ermelo in the northeastern province of Mpumalanga, shut two Read More »

Globaltrans sees 2011 growth

AJOT | April 03, 2011 | Intermodal

Russia's largest private freight operator Globaltrans expects around 20 percent sales growth in 2011 on the back of a stronger economy and may bid for state-controlled Freight One when it comes up for sale.

The company, seen as a barometer for the Rus Read More »

Hub Group buys Exel Transportation for $83 mlllion

AJOT | April 03, 2011 | Intermodal

Transportation management company Hub Group Inc said it bought Dallas, Texas-based freight broker Exel Transportation Services for about $83 million. Read More »

Global trade seen limiting food price volatility

AJOT | April 03, 2011 | International Trade

Increased global trade in agricultural commodities can help to limit world food price volatility, while trade restrictions help to fuel it, economists from the World Bank and European Union said.

France is seeking greater international coordination to Read More »

Argentina import curbs may hurt Mercosur talks

AJOT | April 03, 2011 | International Trade

Argentina's moves to restrict imports and prop up its shrinking trade surplus could hurt talks for a trade deal between South America's Mercosur bloc and the European Union, an EU official said.

In May 2010, the two sides relaunched talks that had bee Read More »

EU files tactical appeal in Boeing trade spat

AJOT | April 03, 2011 | International Trade

The European Union filed an appeal against an aircraft subsidies ruling just hours after calling it a victory, a tactical move in a transatlantic game of global trade chess.

Europe's appeal came after the World Trade Organization ruled Boeing had rece Read More »

US biodiesel makers rap EU trade tariff extension

AJOT | April 03, 2011 | International Trade

U.S. biodiesel makers said that a European Union decision to extend tariffs on imported biodiesel blends was illegal, fuelling a transatlantic battle for a share in the world's renewable energy market.

EU government representatives backed a plan to ex Read More »

Canada warns EU of trade conflict over oil sands

AJOT | April 03, 2011 | International Trade

The Canadian government has stepped up lobbying in Europe for its highly-polluting tar sands industry, repeating its threats of trade conflict, a leaked letter shows.

The letter dated March 18 to Europe's commissioners for climate, trade and energy fo Read More »

EU, China see global appetite for premium foods

AJOT | April 03, 2011 | International Trade

The European Union and China have agreed to give more trade protection to traditional products such as Parma ham and Longjing green tea, an effort to boost trade in high-end heritage goods.

The deal was reached during a visit by the EU's top agricultu Read More »

Hyundai India sales to grow 15-17%t in 2011c

AJOT | April 03, 2011 | International Trade

Hyundai Motor Co's Indian unit sales will rise 15 to 17 percent in 2011 although overall market growth is poised to cool from last year's scorching 31 percent as rising prices and interest rates crimp demand, a senior official said.

Car sales in India Read More »

EU backs first anti-subsidy duties on China

AJOT | April 03, 2011 | International Trade

European Union governments endorsed a five-year import tariff on imports of glossy paper from China, the EU's first challenge to Chinese state subsidies, diplomatic and industry sources said.

Representatives from EU capitals gave majority backing to t Read More »

Indonesia rubber exports to Japan seen falling

AJOT | April 03, 2011 | International Trade

Indonesian rubber exports to Japan are expected to drop significantly in coming months as the earthquake and tsunami there last month affected the country's auto industry, a trade ministry official said.

The Indonesian Rubber Association said last wee Read More »

WTO raps US subsidies to Boeing

AJOT | April 03, 2011 | International Trade

Planemaker Boeing received at least $5.3 billion of illegal U.S. subsidies, the World Trade Organization said in a dispute that shows no signs of an end to years of inconclusive wrangling.

The banned aid included $2.6 billion of research funding from Read More »

Zepol upgrades trade intelligence tool with user dashboard

AJOT | April 03, 2011 | International Trade

Zepol Corporation, the leading trade intelligence company, announced another major enhancement to their Trade Intelligence tools. The Dashboard tab enhancement allows users to select specific criteria to be displayed within the Zepol interface for quick a Read More »

World trade talks on verge of failure

AJOT | April 03, 2011 | International Trade

Global trade talks meant to help poor countries prosper are "on the verge of failure" due to vast differences among countries, the head of the World Trade Organisation said.

The Doha Round of world trade talks has been dogged by disagreements over how Read More »

Emirates SkyCargo completes first 100 % paperless freighter flight

AJOT | April 03, 2011 | Air Cargo

Emirates SkyCargo, the freight division of Emirates airline, has marked a milestone with its inaugural 100 per cent paperless freighter flight between Nairobi and Amsterdam, the Netherlands. EK9952, which left Nairobi for Amsterdam on March 27th, became Read More »

Volga-Dnepr helps sports broadcasters with ‘trial run’ for 2014 Winter Olympics in Sochi

AJOT | April 03, 2011 | Air Cargo

Volga-Dnepr Airlines has once again supported the hosts of the 2014 Winter Olympic Games in Sochi, Russia ' this time with the delivery of 93 tons of outside broadcasting equipment.

The Games organizers are well advanced with their planning and Volga Read More »

Volga-Dnepr delivers equipment for cooling damaged nuclear plant at Fukushima

AJOT | April 03, 2011 | Air Cargo

Volga Dnepr Airlines has completed an urgent delivery from Stuttgart, Germany, to Japan of a large pump to help in the cooling of the damaged reactors at the Fukushima nuclear power plant.

The 60-tons of equipment, transported on March 31st, included Read More »

Daily flight movements hit new record at Hong Kong International Airport

AJOT | April 03, 2011 | Air Cargo

A total of 983 flight movements were handled at the Hong Kong International Airport on March 31, setting a new daily record, a spokesman for the Civil Aviation Department (CAD) said today.

The 983 flight movements broke the previous single-day record Read More »

MENA transport companies face limited Q1 earns growth

AJOT | April 03, 2011 | Air Cargo

Middle East and North African transportation companies will likely see limited earnings momentum in the first quarter, owing to higher costs and lower revenue growth, according to Nomura, which cut its price targets on several companies in the sector. Read More »