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Sunrise Orient on the rocks

AJOT | July 10, 2014 | Photos

Sunrise Orient on the rocks

A small Vietnamese freighter Sunrise Orient on the rocks of the island of Cheung Chau, near Hong Kong. Read More »

South Africa plans plain cigarette packaging by 2015

Reuters | July 24, 2014 | International Trade

South Africa aims to force cigarette companies to sell products in plain packets by next year, despite an ongoing World Trade Organization (WTO) investigation into Australia's ban on tobacco branding, the health minister said. Read More »

Whirlpool cuts outlook as China sales plunge ahead of merger

Reuters | July 24, 2014 | International Trade

Whirlpool Corp posted a lower-than-expected quarterly profit and cut its full-year earnings outlook, citing a sales drop triggered by its pending acquisition of a Chinese rival. Read More »

In China, Apple’s focus pays off while Samsung feels squeeze

Reuters | July 24, 2014 | International Trade

The mobile industry has long held that Samsung's broad range of mobile devices makes it nimble in changing markets, while Apple loses out by rigidly sticking to its high-end gadgets. Read More »

China regulator determines Qualcomm has monopoly

Reuters | July 24, 2014 | International Trade

China's antitrust regulator has confirmed that Qualcomm Inc, one of the world's biggest mobile chipmakers, has a monopoly, the state-run Securities Times newspaper reported, as Qualcomm's chief executive held talks in China. Read More »

McDonald’s CEO: ‘deceived’ by audit of China meat plant

Reuters | July 24, 2014 | International Trade

McDonald's Corp feels "a bit deceived" by the audit it received for Shanghai Husi Food Co Ltd, a China supplier that was shut down this week after a TV report showed workers mishandling meat, Chief Executive Don Thompson said. Read More »

Japan June exports slide in warning sign for economic outlook

Reuters | July 24, 2014 | International Trade

Japan's exports unexpectedly fell in June for a second straight month, weighed down by a drop in shipments to Asia and the United States, signaling that weak external demand may require bolder measures from policymakers to sustain the country's economic recovery. Read More »

Asian economies to struggle on weak export demand

Reuters | July 24, 2014 | International Trade

'The outlook for emerging Asia has dimmed further this year on weak demand for exports, although growth in India is expected to accelerate into 2015 even as China is held back in part by a slowing property market, Reuters polls showed. Read More »

Meat supplier in China food scandal grew with McDonald’s

Reuters | July 24, 2014 | International Trade

Eight months ago in front of a crowd of food industry executives gathered at a fancy Chicago hotel, a top McDonald's Corp executive lauded the boss of meat supplier OSI Group for his dedication to the fast-food giant's "McFamily". Read More »

China probes food businesses; Hong Kong bans imports in meat safety scare

Reuters | July 24, 2014 | International Trade

China's food regulator has visited close to 600 restaurants, businesses and food distributors as it investigates a fast-spreading food safety scare that has dragged in a number of global brands and hit food outlets as far away as Japan. Read More »

EU targets state-owned Russia banks in sanctions plan

Reuters | July 24, 2014 | International Trade

The European Union would target state-owned Russian banks vital to financing Moscow's faltering economy in the most serious sanctions so far over the Ukraine crisis under proposals considered by EU governments. Read More »

PORTS® launches in Jacksonville, FL

AJOT | July 24, 2014 | Ports & Terminals

Top NOAA officials from Washington, D.C. joined local maritime leaders recently at a ceremony dedicating a new sensor system designed to save money, improve safety and enhance research regarding conditions in the St. Johns River. Read More »

ICTSI inks innovative loan facility program

AJOT | July 24, 2014 | Ports & Terminals

International Container Terminal Services, Inc. (ICTSI) successfully closed and signed today an inaugural Loan Facility Programme (the Programme) and a USD350 million syndicated revolving credit facility (the Revolving Facility) with a large group of international and domestic banks. Read More »

BestTransport continues expansion in Europe

AJOT | July 24, 2014 | Transport Intermediaries

BestTransport, a leading provider of cloud-based Transportation Management (TMS) solutions, has announced that it has signed a formal partnering agreement with leading European supply chain services company, Interlog Services.   Read More »

China plans railway to India, Nepal borders by 2020

Reuters | July 24, 2014 | Intermodal

China plans to extend a railway line linking Tibet with the rest of the country to the borders of India, Nepal and Bhutan by 2020 once an extension to a key site in Tibetan Buddhism opens, a state-run newspaper reported. Read More »

Union Pacific profit rises as agricultural shipments increase

Reuters | July 24, 2014 | Intermodal

Union Pacific Corp, the largest publicly traded U.S. railroad, reported a 17 percent rise in quarterly profit, partly due to a rise in shipments at its agricultural products business. Read More »

US grain farmers resort to giant storage bags to avoid cheap sales

Reuters | July 24, 2014 | Breakbulk & Projects | Intermodal

As U.S. farmers turn in record grain crops this autumn, many will have a powerful new tool - giant sausage-shaped storage bags - to help them avoid the lowest prices in years and gain more control over trade with giants such as Cargill Inc. Read More »

Greenbrier says rapid phase-out of older oil-by-rail tank cars doable

Reuters | July 24, 2014 | Intermodal

A top U.S. railcar maker, The Greenbrier Companies Inc, said a two-year timeline to retire older railcars that carry dangerous flammable liquids, including North Dakota Bakken crude, is "aggressive" but can be done. Read More »

Deutsche Bahn first-half profit up on logistics business

Reuters | July 24, 2014 | Intermodal | Transport Intermediaries

German state-owned rail operator Deutsche Bahn achieved a near 7 percent rise in first-half operating profit as Europe's economic recovery led to logistics unit Schenker shipping more goods by air and sea. Read More »

Miami-Dade County Commission approves land use plans for All Aboard Florida Miami Station

AJOT | July 24, 2014 | Intermodal

In a unanimous vote on July 17, Miami-Dade County Commissioners approved All Aboard Florida’s land use plans to construct the highly anticipated nine-acre multi-modal station and transit-oriented development that will be located in the western portion of downtown Miami, just east of Miami-Dade County Hall. Read More »

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