European shipping industry – Innovate to stay ahead of the game

AJOT | March 06, 2015 | Liner Shipping

Europe has a major role to play in driving the maritime industry forward, said Tor Svensen, CEO of DNV GL – Maritime, in his keynote speech on innovation at the European Shipping Week in Brussels. Read More »

Yale’s Pat DeSutter Named to Supply & Demand Chain Executive 2015 Pros to Know

AJOT | March 06, 2015 | People | Transport Intermediaries

Yale Materials Handling Corporation is proud to announce its Vice President of Fleet, Service and Aftermarket, Pat DeSutter, has been named to Supply & Demand Chain Executive's 2015 list of Pros to Know. Read More »

FMCSA Should Heed Calls to Fix CSA

AJOT | March 06, 2015 | Intermodal | Road

American Trucking Associations called on the Federal Motor Carrier Safety Administration to make important changes to its Compliance, Safety, Accountability system following criticisms from a key Senator and the Government Accountability Office. Read More »

UPS Expands Special Commodities Program to More Countries

GlobeNewswire | March 06, 2015 | Transport Intermediaries

Service for shipping biological samples, specimens and dangerous goods in excepted quantities now available in more than 50 nations Read More »

Sri Lanka cabinet suspends Chinese project on approval issue

Reuters | March 06, 2015 | Breakbulk & Projects | Projects

Sri Lanka suspended a $1.5 billion Chinese luxury real estate project in Colombo on Thursday until it obtains required government approvals, a move that risks a diplomatic row with its biggest foreign investor. Read More »

Philippines’ First Gen seeks partner for $1 billion LNG import terminal

Reuters | March 06, 2015 | Breakbulk & Projects | Projects | Energy | Maritime | Ports & Terminals | Terminals

The Philippines’ First Gen Corp is talking with potential partners for its proposed $1 billion LNG import terminal, the head of the energy firm said on Friday. Read More »

Canada port resumes most operations shut by container fire

Reuters | March 05, 2015 | Ports & Terminals | Ports | Container Port

Port Metro Vancouver said on Thursday that operations had resumed at most port facilities shut by a shipping container fire the day before, but its Centerm container terminal was still closed. Read More »

Louis Dreyfus ships big U.S. ethanol cargo to Middle East

Reuters | March 05, 2015 | Energy | International Trade

Louis Dreyfus Commodities has shipped a large cargo of U.S. ethanol worth over $17 million to the Middle East, traders said, stoking hopes among U.S. producers of renewed appetite from some buyers overseas. Read More »

Surplus cash costs weigh on earnings of German transport bank DVB

Reuters | March 05, 2015 | Breakbulk & Projects | Breakbulk | Liner Shipping

German transport bank DVB's 2014 net profit fell 23 percent partly due to the cost of holding surplus cash as borrowers repaid loans faster than the lender could attract new business, Chief Executive Wolfgang Driese said. Read More »

CP Rail CEO says consolidation unlikely to involve CP for now

Reuters | March 05, 2015 | Intermodal | Rail

Canadian Pacific Railway Ltd is unlikely to be involved in the consolidation of the North American industry in the short term, Chief Executive Hunter Harrison said. Read More »

Kenya says new roads, rail links will help spur economic growth to 7%

Reuters | March 05, 2015 | Intermodal | Rail

Kenya's drive to improve rail, roads and power plants will help spur economic growth to 6.9 percent in 2015 and 7 percent in coming years, its finance minister said. Read More »

Emirates says it adds $7.6 billion to EU GDP

Reuters | March 05, 2015 | Air Cargo

Dubai's flagship airline Emirates contributes 6.8 billion euros ($7.6 billion) to the European Union economy, it said, in an apparent response to criticism from rivals that government subsidies give Gulf carriers an unfair advantage. Read More »

Deutsche Bahn settles suit with three airlines, pursues three others

Reuters | March 05, 2015 | Air Cargo

Deutsche Bahn has reached an out-of-court settlement with three airlines it sued for a price-fixing cartel in the United States that it said caused damage to its freight business between 1999 and 2006, the German railways said. Read More »

US top trade official to brief House Democrats on trade

Reuters | March 05, 2015 | International Trade

U.S. Trade Representative Michael Froman will brief Democrats in the House of Representatives on trade issues at a regular caucus meeting, a person familiar with the planning of the meeting said, while staff have been invited to a separate meeting at the White House. Read More »

Huawei plans big push to sell its phones, wearable devices in US

Reuters | March 05, 2015 | International Trade

Two years after U.S. legislators branded it a national security threat, China's Huawei Technologies Co Ltd is planning a campaign to win over U.S. consumers, rolling out new mobile phones and wearable devices backed by a marketing effort. Read More »

US agriculture delegation visits Cuba, protests embargo

Reuters | March 05, 2015 | International Trade

The most important U.S. agricultural delegation to visit Cuba in more than a decade began three days of meetings on Monday, hoping to find potential business partners, while urging the U.S. Congress to lift the U.S. embargo on trade with the island. Read More »

Washington says waiting for China response on tech rule concerns

Reuters | March 05, 2015 | International Trade

The Obama administration is waiting for China to respond to concerns raised about planned new rules pushing Chinese banks to purchase high-tech products from domestic vendors, a senior State Department official said. Read More »

Weak US consumer spending points to slower first-quarter growth

Reuters | March 05, 2015 | International Trade

U.S. consumer spending fell for a second straight month in January as households continued to cut back on purchases, opting to save much of the massive windfall from cheaper gasoline.  Read More »

US trade office says monitoring Alibaba e-commerce site

Reuters | March 05, 2015 | International Trade

The U.S. trade office said it is keeping an eye on Alibaba Group Holding Ltd's consumer shopping website for sales of counterfeit and pirated goods, but refrained from putting the site back on a piracy blacklist. Read More »

Former Fed chiefs join call to keep currency rules out of trade pacts

Reuters | March 05, 2015 | International Trade

A group of prominent U.S. economists, including former Federal Reserve chiefs, Alan Greenspan and Ben Bernanke, wrote to congressional leaders to support key trade legislation but warn against including currency rules in trade deals. Read More »