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 »

Brazil’s top rail company to invest $2.46 billion to expand capacity

Reuters | April 23, 2015 | Intermodal | Rail

Brazil's largest railroad operator Rumo Logistica SA announced a plan to invest 7.4 billion reais ($2.46 billion) in the next five years to increase capacity and cope with higher agricultural production in the country. Read More »

After tumultuous quarter, Union Pacific works to adjust network

Reuters | April 23, 2015 | Intermodal | Rail

Union Pacific Corp is scrambling to cope with opposing trends across its network after a drop in freight volumes in the first quarter, the No. 1 U.S. railroad's top executive said. Read More »

Colombia coal railway seen restricted for at least 2 more months

Reuters | April 23, 2015 | Intermodal | Rail

A ban on the overnight use of Colombia's main coal railway, Fenoco, will likely stay in place for two more months at least, the Mines and Energy Minister said, while miner Drummond said the restriction was limiting its exports. Read More »

Con-way Freight employees in Buffalo reject Teamsters

AJOT | April 23, 2015 | Intermodal | Road

In a union representation election conducted today by the National Labor Relations Board (NLRB), employees at Con-way Freight’s facility in Buffalo, NY voted to reject representation by the Teamsters Union. Read More »

Coalition of Texas business leaders launches in support of state legislation to modernize truck weig

AJOT | April 23, 2015 | Intermodal | Road

The Texas Coalition for Transportation Productivity, a group of Texas business leaders dedicated to making port shipments more productive, launched today in support of HB 3061, state legislation that would safely increase the weight limit for vehicles carrying ocean cargo shipping containers, allowing each container to be more productive. Read More »

Con-way Freight expands in Joliet

AJOT | April 23, 2015 | Intermodal | Road

Con-way Freight, a less-than-truckload (LTL) trucking company and subsidiary of Con-way Inc. announced the grand opening of its newest, state-of-the art service center in Joliet, Illinois. Read More »

Saddle Creek adds new business development director

AJOT | April 23, 2015 | Transport Intermediaries

Saddle Creek Logistics Services announced today that Eric Drabiuk has joined the company as director of business development. Based in Maryland, Drabiuk will focus on expanding Saddle Creek’s growing contract packaging business.  Read More »