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VW recalls 1.1 million cars in North America, China over suspension issue

Reuters | October 17, 2014 | International Trade

German automaker Volkswagen AG said it is recalling more than 1.1 million cars in North America and China to correct a potential problem with rear suspension parts. 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 »

eBay, Wal-Mart warnings stir holiday sales concerns

AJOT | October 17, 2014 | International Trade

EBay Inc joined Wal-Mart Stores Inc in cutting its outlook for the all-important holiday season, suggesting that the fourth quarter may turn out to be weaker than some analysts predicted as recently as last week. Read More »

Chinese PM says intellectual property rights must be protected

Reuters | October 17, 2014 | International Trade

Chinese Prime Minister Li Keqiang said on Thursday that the only way to ensure future technological innovation is by protecting intellectual property rights, touching on an issue important to Western countries concerned about counterfeit goods. Read More »

US pipemakers lodge complaint against South Korea, Turkey

Reuters | October 17, 2014 | International Trade

U.S. pipe producers lodged a complaint against imports of line pipe from South Korea and Turkey, which could lead to import duties being levied on the products. Read More »

Toshiba and United Technologies ink deal to expand outside Japan

AJOT | October 17, 2014 | International Trade

Toshiba Corp said it had signed an agreement with United Technologies Corp to strengthen strategic collaboration through their joint venture, Toshiba Carrier Corp, which develops air-conditioning equipment. Read More »

Singapore September exports creep up as Europe, US disappoint

Reuters | October 17, 2014 | International Trade

Singapore's exports in September rose less than expected as sales to Europe contracted and shipments to the United States slowed, adding to concerns that a sluggish global economy may bite into the city-state's exports. Read More »

Medicine prices at risk under Pacific trade draft

Reuters | October 17, 2014 | International Trade

Medicine costs would rise if draft proposals in a Pacific Rim trade pact come into force, health and consumer rights advocates said on Thursday after the release of a leaked negotiating text. Read More »

Japan September export growth seen fastest in seven months, outlook in doubt

Reuters | October 17, 2014 | International Trade

Japan's exports are expected to rise in September at the fastest pace in seven months on a rebound in shipments to Asia, a Reuters poll found, but signs of a global slowdown, war in the Mideast and the spread of Ebola cloud the outlook. 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 »

Long Beach Mayor, Harbor commissioners on trade mission in Asia

AJOT | October 17, 2014 | Ports & Terminals

Long Beach Mayor Robert Garcia, Harbor Commissioners and senior Harbor Department staff are traveling to several Asian countries, meeting with the Port of Long Beach’s key customers to retain and bring more business to Long Beach. Read More »

M/V Jobst Oldendorff calls the Port of Vancouver USA on her maiden voyage

AJOT | October 17, 2014 | Ports & Terminals

The Port of Vancouver USA welcomed the M/V Jobst Oldendorff, commanded by Capt. Baisie of Ghana, on her maiden voyage Oct. 16. 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 »

Kansas City Southern revenue beats on higher auto, grain shipments

Reuters | October 17, 2014 | Intermodal | Rail

Railroad operator Kansas City Southern's reported a higher-than-expected quarterly revenue as it shipped more grains and automobiles. 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 »

China expresses concern about Indian border road plan

Bob Kirk | October 17, 2014 | Intermodal | Road

Indian border road plan China expressed concern after India announced plans to build a road along the remote eastern part of their disputed border, saying it hoped India would not "further complicate" the festering disagreement. Read More »

CenterPoint Properties appoints Nenner as Senior VP, Regional Manager

Bob Kirk | October 17, 2014 | Intermodal

CenterPoint Properties announced that David Nenner has been appointed Senior Vice President, Regional Manager for the Eastern region as a part of the company’s operations department. Working closely with regional team members; Brian Townsend, Jed Degnan, Robert Harbour and Barry Rush, Mr. Nenner will be responsible for the management and oversight of CenterPoint’s East Coast portfolio, including 5.4 million square feet of industrial property throughout the Eastern seaboard. Read More »

Halifax Shipyard Receives a Huge Delivery of Overhead Cranes from Konecranes

Marketwired | October 17, 2014 | Ports & Terminals

It was the first cargo to arrive at the Port of Halifax Richmond Multipurpose Terminal, an engineering marvel in its own right after a two-year, $67 million rebuild. 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 »

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