TransCore’s North American freight index sees 3rd straight month of record volume

AJOT | April 12, 2011 | Intermodal

TransCore's North American Freight Index records the highest spot market truckload freight volume for the month of March since the North American Freight Index was established in 1986. Similar records were set in January and February of this year. March t Read More »

UAE’s rail network on track, sees strong bidding

AJOT | April 12, 2011 | Intermodal

The United Arab Emirates' Etihad Rail will award the first contract to build a national rail network in the next three to four months, its CEO said, adding that regional unrest would not delay its plans.

The UAE has so far escaped pro-democracy protes Read More »

Train running late? Blame high copper prices

AJOT | April 12, 2011 | Intermodal

Thieves lured by surging copper prices are creating a nightmare for European railways, sparking large-scale disruption, eroding profits and damaging their reputations.

Operators are pouring money into high-tech security measures they hope will prevent Read More »

US would permit Mexico trucks in 3-year program

AJOT | April 12, 2011 | Intermodal

Long-haul trucks from Mexico would be allowed to operate throughout the United States for up to three years under a pilot plan aimed at reviving a politically sensitive trade program stalled for years.

The U.S. Transportation Department released a pro Read More »

CN, Earth Day Canada sign five-year partnership agreement

AJOT | April 12, 2011 | Intermodal

CN and Earth Day Canada (EDC) announced today a five-year partnership agreement under which EDC will support a CN program to encourage environmental values and initiatives among CN employees across North Arica.

Working at key North American CN offices Read More »

US trade gap falls in February as trade contracts

AJOT | April 12, 2011 | International Trade

The U.S. trade deficit shrank in February as imports fell more than exports, according to a government report that suggested a slowdown in global demand.

The monthly trade gap totaled $45.8 billion, down from an upwardly revised estimate of $47.0 bill Read More »

China says trade problems with Brazil limited

AJOT | April 12, 2011 | International Trade

China downplayed trade problems with fellow emerging giant Brazil, saying any challenges were limited and could be resolved through talks.

"The problems in China-Brazil trade and economic relations are limited and part of a phase," Foreign Ministry sp Read More »

Indian pharma in tough battle for generic riches

AJOT | April 12, 2011 | International Trade

Indian makers of generic drugs have a fight on their hands as they scramble for access to the $100 billion worth of drugs coming off patent over the next two years.

Fierce competition and lawsuits from rival generic firms, a stricter U.S. health regul Read More »

Embraer CEO says Chinese airlines order 35 190-model jets

AJOT | April 12, 2011 | International Trade

Chinese airlines have placed orders for 35 Embraer 190 jets with a combined value of $1.4 billion, Frederico Curado, chief executive of the Brazilian aircraft maker said.

Curado is part of a delegation of executives and officials accompanying Brazil's Read More »

Apple iPhone-maker Foxconn ponders big Brazil move

AJOT | April 12, 2011 | International Trade

iPhone maker Foxconn Technology Group is considering investing $12 billion in Brazil, a move that could help Apple Inc and other tech companies expand in the world's eighth largest economy.

Brazilian president Dilma Rousseff said on Tuesday her govern Read More »

JP Morgan to boost staff, revenue in Asia next year

AJOT | April 12, 2011 | International Trade

J.P. Morgan Chase & Co aims to hire up to 500 people in Asia next year and wants to generate 20 percent of its global wholesale banking revenue from the region, up from 15 percent now, Asia Pacific CEO Gaby Abdelnour said.

JPMorgan, which hired 100 pe Read More »

US likely to appeal WTO ruling on Boeing subsidies

AJOT | April 12, 2011 | International Trade

The Obama administration is almost certain to appeal a World Trade Organization ruling that Boeing received illegal subsidies as a long-running spat moves into its next stage, lawyers and analysts said.

"I would be truly surprised if the U.S. did not Read More »

ICBC opens Brazil branch to tap growing trade flows

AJOT | April 12, 2011 | International Trade

Industrial and Commercial Bank of China Ltd , the world's top lender by market value, will establish a presence in Brazil with initial start-up capital of $100 million as it looks to tap growing trade flows between the two countries.

ICBC do Brasil Ba Read More »

Japan supply uncertainty looms for Toyota

AJOT | April 12, 2011 | International Trade

Toyota Motor Corp warned that the uncertain supply of parts from Japan could threaten its output of vehicles through July, the latest sign of trouble for the global auto industry stemming from the massive Japanese earthquake a month ago.

Ford Motor Co Read More »

Cocoa groups hope for quick restart Ivorian trade

AJOT | April 12, 2011 | International Trade

Cocoa industry groups welcomed a call for peace by top grower Ivory Coast's internationally recognised president, Alassane Ouattara, and said they hoped for a swift resumption of trade.

"We also welcome the EU decision to lift the EU sanctions on the Read More »

Motorola and Huawei settle trade secret dispute

AJOT | April 12, 2011 | International Trade

Motorola Solutions Inc and China's Huawei Technologies Co. have settled a legal dispute over trade secrets, clearing the way for Motorola to complete the sale of one of its business units to Nokia Siemens Networks.

The settlement puts to rest charges Read More »

Ex-Ford engineer sentenced for trade secrets theft

AJOT | April 12, 2011 | International Trade

A Chinese engineer who stole Ford Motor Co trade secrets was sentenced to almost six years in prison, said the U.S. Attorney's office in Detroit.

Xiang Dong Yu, also known as Mike Yu, of Beijing, was sentenced to 70 months in federal prison and ordere Read More »

D’sseldorf Airport attracts regional cargo

AJOT | April 12, 2011 | Air Cargo

D'sseldorf started the year well with a 10% January and February increase over 2010. The upwards trend clearly reflects the return to health of the German economy, but the convenience and position of D'sseldorf plays an important role. Air China starts it Read More »

Cargo 2000 recognizes Turkish Cargo’s committment to service quality

AJOT | April 12, 2011 | Air Cargo

Turkish Cargo has underlined its commitment to service quality by successfully achieving Phase 1 certification for Cargo 2000's quality management system.

The airline joined Cargo 2000 as an Industry Associate Member in February 2009 in response to re Read More »

UASC takes delivery of first A13 class containership

AJOT | April 12, 2011 | Liner Shipping

United Arab Shipping Company (UASC) has taken delivery of its first 13,500 teu capacity container vessel. Umm Salal, named after an area of Qatar famed for its historic monuments, was handed over during a spectacular ceremony at the Samsung Heavy I Read More »