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Union Pacific reports 43 pct earnings jump

AJOT | April 25, 2010 | Intermodal

Union Pacific Corp reported a 43 percent jump in first-quarter earnings as business volumes gained for the first time in two years, and the No. 1 railroad offered an optimistic outlook for a continuing economic recovery.

"What a difference a Read More »

Houser Transport announces joint venture with Furniture Tech’s

AJOT | April 25, 2010 | Intermodal

Houser Transport, Inc., of Vale, N.C., is pleased to announce that it has acquired half of Furniture Tech's, a third-party logistics warehouse and home delivery firm headquartered in Ontario, Calif. Furniture Tech's will become a division of Houser Transp Read More »

Southeastern Freight Lines celebrates 60th Anniversary

AJOT | April 25, 2010 | Intermodal

Founded in 1950 with 14 trucks, 20 employees and a $5,000 loan, Southeastern Freight Lines is celebrating its 60th anniversary as it has grown into one of the industry's most successful trucking companies. Read More »

Rail revamp seen vital to east African trade

AJOT | April 25, 2010 | Intermodal

East Africa's railways carry less cargo than in the 1970s and their revival is crucial to boosting trade as the region deepens economic integration, the head of an African private equity firm said.

Transport prices in east Africa are among th Read More »

Brazil suspends retaliation after US concession

AJOT | April 25, 2010 | International Trade

Brazil delayed for another 60 days trade retaliation against the United States in an attempt to solve a long-standing dispute over U.S. cotton aid, a spokesman for the Foreign Ministry said.

The move comes after the U.S. government met the la Read More »

WTO to probe Philippine liquor duties

AJOT | April 25, 2010 | International Trade

The World Trade Organization is to investigate a U.S. complaint that Philippines duties on distilled spirits discriminate against foreign suppliers of liquor, trade sources.

The United States says that Manila taxes alcoholic products made fro Read More »

China forex bill has high US Senate support

AJOT | April 25, 2010 | International Trade

U.S. legislation aimed at stopping China from "manipulating" its currency by imposing duties on Chinese products would get overwhelming support in the U.S. Senate, co-author Senator Lindsey Graham said.

"We'd get 80 or 90 votes if we could ev Read More »

Banks push G20 to reform trade finance regulation

AJOT | April 25, 2010 | International Trade

Trade finance banks are stepping up pressure on the G20 to ease regulation of the credits that keep global commerce flowing, after a new survey showed credit tightness is still hampering the flow of trade.

The survey, conducted by the Interna Read More »

Thailand’s main exports and markets for March

AJOT | April 25, 2010 | International Trade

Thailand's annual exports rose 40.9 percent in March from a year earlier and the value of $16.25 billion was the highest in 17 months, led by a rebound in electronic goods and autos as trade to major markets expanded.

Growth may be lower in c Read More »

US soya shipments resume but more EU woes feared

AJOT | April 25, 2010 | International Trade

European grain traders say U.S. soya beans and meal imports have returned to normal after the EU approved new varieties of biotech maize.

But traders fear more disruption in future due to a ban on genetically modified strains yet to be approv Read More »

Boeing chief urges quick US action on trade deals

AJOT | April 25, 2010 | International Trade

The United States risks losing significant export sales to the European Union, Canada and other countries unless it approves three long-delayed free trade agreements with South Korea, Panama and Colombia, Boeing Chief Executive James McNerney. Read More »

India to take EU to WTO on generics seizures

AJOT | April 25, 2010 | International Trade

India will launch a formal dispute against the European Union at the World Trade Organization (WTO) over EU seizures of Indian generic drugs, a senior trade ministry source said.

Settling the dispute could take between 12-18 months, another m Read More »

WTO chief Lamy tiptoes around China currency

AJOT | April 25, 2010 | International Trade

World Trade Organization chief Pascal Lamy said he was "extremely cautious" whether currency manipulation is a form of protectionism because a WTO rule on the issue has never been tested.

"Now, true, there is one specific article of GATT-WTO Read More »

Russia bans imports of Nestle baby food

AJOT | April 25, 2010 | International Trade

Russia's consumer protection watchdog Rospotrebnadzor said it had denied permission for Nestle, the world's biggest food group, to import baby-food products to Russia.

"Nestle was refused the state registration of certain types of products -- Read More »

Global markets drive US industrial profits

AJOT | April 25, 2010 | International Trade

International markets like China and Brazil drove profits at U.S. industrial companies in the first quarter, many of which beat Wall Street estimates and raised their full-year forecasts.

Cost cuts introduced during the downturn also helped b Read More »

US Airways ends UAL merger talks; Continental looms

AJOT | April 25, 2010 | Air Cargo

US Airways Group Inc said it dropped out of merger talks with United Airlines parent UAL Corp, perhaps clearing the way for UAL and Continental Airlines Inc to combine in what would be the world's largest airline.

UAL and Continental are in t Read More »

Singapore Air says lost S$40 mlllion in revenue from volcano

AJOT | April 25, 2010 | Air Cargo

Singapore Airlines, the world's second largest airline by market value, said air travel disruptions in Europe had resulted in S$40 million ($29.11 million) revenue loss from cargo and passenger operations. Read More »

SWISS extends agreement with Traxon Europe

AJOT | April 25, 2010 | Air Cargo

Traxon Europe, the international provider of electronic communication solutions for the airfreight industry, will become Swiss WorldCargo's exclusive provider of EDI messaging services as of May 01, 2010. The contract gives Swiss WorldCargo access to the Read More »

Air China Q1 net doubles as air traffic rebounds

AJOT | April 25, 2010 | Air Cargo

Air China , the country's flag carrier, said its first-quarter earnings more than doubled as the domestic air travel market rebounded strongly with the recovering economy.

Air China's outlook is expected to remain bright for the rest of the y Read More »

Ash cloud disrupts Asia’s links to global supply chain

AJOT | April 25, 2010 | Air Cargo

Airspace closures caused by a giant ash plume from an Icelandic volcano have disrupted high-end Asian exports and frozen air cargo services, posing formidable obstacles for manufacturers still eyeing recovery.

The ash has grounded planes acro Read More »

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