Port of NY/NJ 2010 stats

AJOT | March 03, 2011 | Ports & Terminals

During 2010, the Port of New York and New Jersey reported that total container traffic in the port was 5,292,020 loaded and empty TEUs (20-foot equivalent units), compared to 4,561,527 in 2009, up 16 percent. The number of TEUs is slightly below the 5,29 Read More »

CP rail operations head Harris to retire

AJOT | March 03, 2011 | Intermodal

Canadian Pacific Railway 's executive vice president of operations, Ed Harris, a veteran of the industry, will retire just a a year after joining the carrier, the company said.

Harris will be replaced by Mike Franczak, who will move up from his post o Read More »

Congress clears Surface Transportation Extension

AJOT | March 03, 2011 | Intermodal

One day after the House overwhelmingly passed the Surface Transportation Extension Act of 2011 by a final vote of 421 to 4, the Senate approved by voice vote today vital legislation to extend highway, transit and highway safety programs through the end of Read More »

Packed van collides with truck in Cambodia, 19 dead

AJOT | March 03, 2011 | Intermodal

A speeding truck collided head on with an overloaded van in Cambodia's Preah Sihanouk province, killing 19 people including three children and injuring eight, authorities said. Read More »

Internet Truckstop launches ITEX the only load board with instant texting feature.

AJOT | March 03, 2011 | Intermodal

Internet Truckstop, the largest Internet-based load board in the transportation industry, launched ITEX (Instant Messaging), adding to the list of decision support offerings for its members. Read More »

Senate Committee votes to end railroads’ special interest loophole

AJOT | March 03, 2011 | Intermodal

The U.S. Senate Judiciary Committee approved legislation that would remove the antitrust exemptions currently exploited by the freight railroad industry. The bipartisan bill, the Railroad Antitrust Enforcement Act, S. 49, was introduced by Senator Herb K Read More »

US Senate panel clears rail antitrust bill

AJOT | March 03, 2011 | Intermodal

The U.S. Senate Judiciary Committee approved legislation that would strip freight railroads of their antitrust exemptions.

The measure in the Democratic-led Senate was approved 14 to 1, but its future was uncertain in the Republican-led House of Repre Read More »

Obama, Calderon make progress on trucking dispute

AJOT | March 03, 2011 | Intermodal

U.S. President Barack Obama said the United States and Mexico had agreed on a way to solve a long-simmering cross-border trucking dispute that has hurt trade between the two neighbors.

"After nearly 20 years, we finally have found a clear path to reso Read More »

US Food and Drug Administration publishes import refusal data

AJOT | March 03, 2011 | International Trade

The United States Food and Drug Administration ('FDA') recently published a list of every foreign manufacturer that has had a shipment refused entry to the U.S. since October 2001. In the past, FDA listed Import Refusals monthly on its website. The 'Impor Read More »

De Gucht vows will tackle trade barriers abroad

AJOT | March 03, 2011 | International Trade

Europe's top trade negotiator said he will pry open foreign markets to European firms and investors and enforce trade rules, a move critical for the European Union's exit from economic crisis.

Trade Commissioner Karel De Gucht will expose and challeng Read More »

Grain importers build silos as food prices soar

AJOT | March 03, 2011 | International Trade

Major grain importing countries are set to build more storage silos and expand strategic stocks after seeing the role played by record food prices in political upheaval in the Middle East and North Africa.

Egypt, South Korea and Saudi Arabia are among Read More »

Brazil may take EU to WTO in poultry row

AJOT | March 03, 2011 | International Trade

Brazil is gathering data from its business sector to determine if it should sue the European Union at the World Trade Organization over limits on poultry imports, a Brazilian diplomat said.

At issue are rules in force since May that have shut EU marke Read More »

Greek exports surge but don’t pop the champagne

AJOT | March 03, 2011 | International Trade

A surge in exports has given Greece a glimmer of hope in the grim aftermath of its debt crisis, but underlying figures show a lack of competitiveness that is at the root of its problems is not going away.

Exports surged 35 percent in the last quarter Read More »

Yuan rise to play role in big China economic shift

AJOT | March 03, 2011 | International Trade

China is in the early stages of an economic rebalancing act that makes a stronger currency an almost inevitable part of the mix, and a sustained yuan rise may come far sooner than many foreign players are expecting.

Beijing has started taking broad st Read More »

Japanese, Korean firms in $1.8 blllion deal for Brazil rare metal firm

AJOT | March 03, 2011 | International Trade

Nippon Steel Corp , JFE , POSCO and others are teaming up to buy a 15 percent stake in a Brazilian rare metal miner for around $1.8 billion, seeking to fend off China and its voracious appetite for raw materials.

China, needing to fuel its surging eco Read More »

Obama, Mexico’s Calderon seek to ease tensions

AJOT | March 03, 2011 | International Trade

U.S. President Barack Obama and Mexican President Felipe Calderon vowed greater cooperation to combat drugs and arms smuggling and ease trade tensions as they sought to smooth over cross-border differences.

Long-simmering problems between the United S Read More »

Global construction growth to outpace GDP this decade

AJOT | March 03, 2011 | International Trade

Global construction will outpace GDP growth over the next 10 years, with China and India accounting for 38 percent of the $4.8 trillion increase in output by 2020, PricewaterhouseCoopers (PwC) said.

After overtaking the US as the biggest construction Read More »

Ethiopia’s H1 exports increase but miss target

AJOT | March 03, 2011 | International Trade

Ethiopia's exports fell short of target in the first half of its fiscal year when coffee, oil seed and flower sales missed forecasts, trade data obtained by Reuters showed.

The Horn of Africa nation projects it will earn $3 billion in export revenue f Read More »

Brazil passes TAM’s merger with LAN, shares rise

AJOT | March 03, 2011 | Air Cargo

Brazil's civil aviation authority passed the planned combination between Brazilian airline TAM and Chilean rival LAN with no restrictions, giving a boost to their project to create Latin America's largest airline. Read More »

China Eastern Air sees profit hit by high oil prices

AJOT | March 03, 2011 | Air Cargo

China Eastern Air Holding, the parent of China Eastern Airlines , expects lower profit this year due to high oil prices, said Li Jun, the holding company's deputy general manager.

"This year is not going to be better than last year. The impact of vola Read More »