China’s new free trade zones to hasten capital account opening

Reuters | April 23, 2015 | International Trade

China formally announced details of three more free trade zones (FTZ) this week, a move that suggests the originally Shanghai-driven initiative has now escalated to the national level, analysts say. Read More »

Swiss exports defy franc surge on US, Asia strength

Reuters | April 23, 2015 | International Trade

Swiss exports pushed higher in March despite the franc currency's sharp rise against the euro, as surging shipments to the United States, Middle East and Asia more than compensated for a drop-off in sales to the single currency bloc. Read More »

US trade bill key to Pacific pact clears Senate panel

Reuters | April 23, 2015 | International Trade

Legislation to give the White House "fast track" authority to nail down a Pacific trade pact cleared its first hurdle in the U.S. Congress as a committee backed the bill and sent it to the full Senate for consideration. Read More »

US lawmakers to again push currency rules for trade deals

Reuters | April 23, 2015 | International Trade

U.S. lawmakers will press again to punish currency manipulators in legislation key to closing a Pacific trade pact, despite warnings from the White House the move could derail a central plank of the administration's outreach to Asia. Read More »

Pacific pact negotiators agree trade rules for six subjects

Reuters | April 23, 2015 | International Trade

Negotiators for the Trans-Pacific Partnership have agreed trade rules for six broad categories as officials race to conclude a trade pact, a Japanese government source said. Read More »

US Senate panel rejects tough currency rules for fast track

Reuters | April 23, 2015 | International Trade

A U.S. Senate panel rejected a push to beef up rules against currency manipulation in a key trade bill, avoiding a clash with the Obama administration and U.S. trade partners. Read More »

Volkswagen to get Canadian financing for US, Mexico plants

Reuters | April 23, 2015 | International Trade

German car maker Volkswagen AG will get 400 million Euros ($407 million) in trade financing from Canada to help expand its southern U.S. and Mexican operations and thereby generate business for Canadian firms, Ottawa said. Read More »

Raytheon ‘really excited’ over strength of international orders

Reuters | April 23, 2015 | International Trade

U.S. weapons maker Raytheon Co's chief financial officer said he was "really excited" about the strength of international orders, after the maker of Tomahawk and Amraam missiles reported better-than-expected quarterly sales. Read More »

Bush knocks Clinton over Asia trade talks stance

Reuters | April 23, 2015 | International Trade

Republican Jeb Bush bashed Democratic 2016 presidential contender Hillary Clinton for voicing reservations about overseas trade talks, a rare issue on which the White House enjoys support from Republicans, with many Democrats opposed. Read More »

Senate committee backs extension of aid for trade-displaced workers

Reuters | April 23, 2015 | International Trade

A committee in the U.S. Senate voted to approve aid for workers who lose their jobs due to trade, part of a package of bills key to closing a Pacific trade pact. Read More »

Hyundai may boost SUV capacity in US, China after profit dips

Reuters | April 23, 2015 | International Trade

South Korea's Hyundai Motor may boost production of sport utility vehicles in the United States and China after reporting profits fell again, squeezed by the cost of promotions to bolster car sales and unfavorable foreign exchange trends. Read More »

GM posts weaker-than-expected quarterly profit

Reuters | April 23, 2015 | International Trade

General Motors Co posted a weaker-than-expected quarterly profit as weakness in South America and Russia hurt demand and the company's tax rate came in higher than expected. Read More »

HondaJet flies Japan skies, but no sales landing in Asia for now

Reuters | April 23, 2015 | International Trade

Honda Motor Co flew its HondaJet business aircraft for the first time in Japan, bringing to life a dream cherished by legendary founder Soichiro Honda, but the automaker said sales of the jet in Asia remain years away. Read More »

Rebel seizure of Syrian border post hits exporters across region

Reuters | April 23, 2015 | International Trade

Syrian rebels' seizure of the main frontier crossing with Jordan has dealt a heavy blow to the Damascus government's efforts to revive a once thriving export trade crippled by civil war, and is also hurting businesses across the region. Read More »

BMW Group breaks ground on new port facility in Galveston, TX

AJOT | April 23, 2015 | Ports & Terminals

The BMW Group broke ground at the future site of a new Vehicle Distribution Center at the Port of Galveston.  Read More »

Pasha Group’s acquisition of Horizon’s Hawaii business cleared by the DOJ

AJOT | April 23, 2015 | Liner Shipping

The U.S. Department of Justice (DOJ) has cleared The Pasha Group’s acquisition of the Hawaii trade-lane business of Horizon Lines, Inc. (Horizon). Read More »

Hamburg Süd 2014: Setting the course for the future

AJOT | April 23, 2015 | Liner Shipping

While global economic growth in 2014 remained at previous year’s level with 3.4 per cent, container shipments increased at a considerably higher rate of 5.4 per cent compared with the previous year (3.6 per cent). Read More »

Crowley honored with “Earth Day Award” for environmental initiatives

AJOT | April 23, 2015 | Liner Shipping

Crowley Maritime Corp. has been honored with the 2015 Federal Maritime Commission (FMC) Chairman’s Earth Day Award in recognition of the organization’s companywide environmental stewardship initiatives. Read More »

Major shippers remain sceptical about the benefits conferred by the development of larger shipping

AJOT | April 23, 2015 | Liner Shipping

David Panjwani, global logistics director for US machinery manufacturer John Deere said that the emergence of four large east-west shipping alliances, combined with the introduction of larger vessels and deteriorating schedule reliability levels had caused a series of problems in the company’s supply chain that impacted its customers.
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Union Pacific profit rises but misses expectations

Reuters | April 23, 2015 | Intermodal | Rail

No. 1 U.S. railroad Union Pacific Corp reported a higher quarterly net profit as lower fuel costs and pricing gains offset falling freight volumes, but results fell short of market expectations. Read More »