Kansas City Southern profit tops estimates

AJOT | October 26, 2010 | Intermodal

U.S. railroad Kansas City Southern reported a better-than-expected quarterly profit as freight volumes increased, sending its shares up nearly 5 percent.

The profit beat came despite a curb on revenue due to track damage caused by Hurricane A Read More »

Hawaiian coffee wins prize in EU anti-piracy push

AJOT | October 26, 2010 | International Trade

A gourmet coffee from the island of Hawaii won an European prize for top quality foods on Saturday as part of Europe's efforts to bolster the global use of prestigious place names like Champagne, Parma or Roquefort. Read More »

China to examine, may appeal WTO ruling on U.S. duties case

AJOT | October 26, 2010 | International Trade

China will study and may appeal the recent World Trade Organization ruling that rejected Chinese claims in in a dispute with the United States on extra duties on Chinese goods, China's Ministry of Commerce said.

"The Chinese side will careful Read More »

Japan, India agree on tighter ties amid China risk

AJOT | October 26, 2010 | International Trade

Japan and India pledged closer strategic ties between Asia's second and third biggest economies in talks on Monday, as Tokyo struggles to offset the risk of its growing dependence on giant rival China.

Trade and investment flows with India ha Read More »

G20 has to show compromise FX pact packs meaning

AJOT | October 26, 2010 | International Trade

Excited talk of currency wars has given way to an uneasy truce, but what has so far been a phoney war could yet break out into outright hostilities.

For the statement thrashed out among finance ministers of the Group of 20 leading economies i Read More »

GE lands $750 million Indian gas turbine order

AJOT | October 26, 2010 | International Trade

General Electric Co said it won a $750 million contract to supply gas-fired electric turbines to India's Reliance Power Ltd .

The turbines will be part of a 2,400-megawatt expansion of an existing power plant in the Samalkot region of India. Read More »

France says G20 move a step to global forex reform

AJOT | October 26, 2010 | International Trade

Recent moves by the G20 averted a currency war and took a first step toward a reform of the international monetary system which will be examined under France's G20 presidency, Economy Minister Christine Lagarde said.

Lagarde said that under t Read More »

EU plans temporary duty on Chinese glossy paper

AJOT | October 26, 2010 | International Trade

The European Commission plans import duties of up to 39.1 percent on Chinese-made glossy paper it says is being dumped on the EU market, escalating trade tensions with China, EU diplomats said.

Indonesian paper giant Asia Pulp and Paper (APP) Read More »

Retailers eye M&A, emerging markets to spur growth

AJOT | October 26, 2010 | International Trade

Retailers in the United States and Europe must consolidate and invest in emerging markets and innovation or risk stagnating in an environment where domestic demand will remain subdued for years, industry leaders said.

Executives and economist Read More »

Wal-Mart

AJOT | October 26, 2010 | International Trade

Wal-Mart , the world's largest retailer, expects India to open up foreign direct investment in multi-brand retail given the positive tone coming from government officials, its chief executive said.

India's $450-billion retail sector, with org Read More »

Global protectionism threatens EU recovery

AJOT | October 26, 2010 | International Trade

Russian import restrictions and similar moves by China, Brazil and Argentina threaten to hold back European economic recovery, an EU Commission study published, but Europe plans to fight back.

Europe's major trading partners have imposed or p Read More »

EU and WTO seeking solution over China rare earths

AJOT | October 26, 2010 | International Trade

The World Trade Organisation and the EU said they were seeking a solution to German concerns about reported Chinese restrictions on exports of rare earths used to make many high-tech products.

At a conference in Berlin, where the German gover Read More »

US drops appeal over WTO ruling on China chicken

AJOT | October 26, 2010 | International Trade

The United States allowed a World Trade Organization (WTO) condemnation of U.S. restrictions on imports of cooked chicken to stand by deciding not to appeal a ruling by experts in a complaint brought by China.

Parties to WTO disputes often ap Read More »

Air cargo growth slows, suggests global economy cooling

AJOT | October 26, 2010 | Air Cargo

International air cargo traffic grew at a slower annual pace in September, in a fresh sign that the global economy is cooling, the International Air Transport Association (IATA) said.

The trend in freight traffic -- a good indicator for globa Read More »

NSCSA cuts transit time between Baltimore and Jeddah in half

AJOT | October 26, 2010 | Liner Shipping

Beginning with the Saudi Abha v.151, NSCSA is adding a second port call at Baltimore, MD, reducing delivery time from Baltimore to all Middle East and Indian Subcontinent destinations by fifteen days. Read More »

Horizon Lines to take delivery of 12,500 new containers

AJOT | October 26, 2010 | Liner Shipping

Horizon Lines, Inc, the nation's leading domestic ocean shipping and integrated logistics company, announced it will add approximately 12,500 new containers to its international and domestic shipping network to support existing customers and the carrier's Read More »

APL joins clean air program in New York Harbor

AJOT | October 26, 2010 | Liner Shipping

Shipping leader APL volunteered to burn cleaner fuel in every vessel calling at the ports of New York and New Jersey.

The agreement is part of a Port Authority program designed to curb emissions in New York Harbor. Under the plan, APL vesse Read More »

Hamburg S’d and Alian’a support voluntary initiative on pollutant reduction in Hong Kong

AJOT | October 26, 2010 | Liner Shipping

As part of their commitment to environmental stewardship, Hamburg S'd and Alian'a have decided to extend their tests with low-sulphur fuels to include Asia. Together with other shipping companies, they are participating in the Fair Winds Charter initiativ Read More »

Crowley transforms refrigerated container fleet
with 355 PrimeLINE Units…

AJOT | October 26, 2010 | Liner Shipping

When Crowley Maritime Corporation's liner services group takes delivery of 355 new 40-foot high-cube refrigerated containers later this year, it will mark an important milestone on the path to world-class environmental stewardship: conversion of nearly a Read More »

Grain surge illustrates lakes untapped potential

AJOT | October 24, 2010 | Breakbulk & Projects

Russia's decision to suspend grain exports has ships throughout the world steering for the Great Lakes to load wheat and other staples. Lucky for this hungry planet that the Great Lakes Navigation System has unused capacity and can meet this unexpected d Read More »