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Mundra Port Q2 net up as cargo, container biz grow

AJOT | October 26, 2010 | Ports & Terminals

Mundra Port and Special Economic Zone reported a more-than-21 percent rise in July-Sept net profit as its cargo and container businesses grew, but shares fell as the firm handled lower-than-expected cargo volumes in the quarter.

The firm head Read More »

Brazil coffee exports slowed as port chokes up

AJOT | October 26, 2010 | Ports & Terminals

Coffee exports from world top grower Brazil are facing delays as the container terminals at the country's largest port clog up, exporters said, slowing deliveries to a market already jittery over tight supplies.

Brazil's coffee exporter assoc Read More »

DP World sees better H2 on strong container volumes

AJOT | October 26, 2010 | Ports & Terminals

Dubai government-controlled port operator DP World said the second half would be better than the first, boosted by strong container operations in the third quarter.

Container volumes in the third-quarter climbed 8 percent, on a consolidated b Read More »

China, Brazil eye coal rail, ports in Colombia

AJOT | October 26, 2010 | Ports & Terminals

Colombian President Juan Manuel Santos said that China and Brazil were eyeing investments in the Andean nation's coal infrastructure to gain more access to the material.

Colombia, the world's No. 5 coal exporter, has seen a five-fold increase Read More »

US proposes first fuel standards for trucks

AJOT | October 26, 2010 | Intermodal

The Obama administration proposed the first ever fuel efficiency and emissions standards for big tractor trailors and other commercial trucks that mainly run on diesel fuel.

The joint Transportation Department and Environmental Protection Age Read More »

Garner Transportation selects VeriWise(TM) Track & Trace to manage fleet of dry vans

AJOT | October 26, 2010 | Intermodal

Asset Intelligence, a leading provider of supply chain asset tracking solutions and a subsidiary of I.D. Systems, Inc. announced that its VeriWise(TM) Track & Trace system has been purchased by Garner Transportation Group, a leading truckload carrier in t Read More »

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 »

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