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Premium Article  Moving choppers from the Middle East to Alabama

Peter Buxbaum | January 26, 2015 | Breakbulk & Projects | Projects

Moving choppers from the Middle East to Alabama

Global Shipping coordinates project move from Jordan for refurbishing Read More »

China’s COSCO Group returns to profit in 2014

Reuters | January 26, 2015 | Liner Shipping

COSCO returned to profit in 2014 after three years of losses, state media said on Saturday, citing an interview with the group’s chairman. Read More »

Asia-Europe container freight rates jump 24.6 percent

Reuters | January 26, 2015 | Liner Shipping

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 24.6 percent to $1,256 per TEU in the week ended on Friday, data from the Shanghai Containerized Freight Index showed. Read More »

Ag Secretary Calls for Infrastructure Improvement During Visit to Port of Houston

GlobeNewswire | January 25, 2015 | Ports & Terminals | Ports | Dry Bulk Port

Renewed investment is needed in ports and other transportation infrastructure to help boost trade, United States Agriculture Secretary Tom Vilsack said Thursday at the Port of Houston. Read More »

Pinnacle Freight growth prompts move to new location, expanded services

AJOT | January 25, 2015 | Transport Intermediaries

Pinnacle Freight growth prompts move to new location, expanded services

Pinnacle Freight Systems has announced that it will move its operations from Raritan Center to a new warehouse and distribution center in Florence, New Jersey, as of April 1, 2015. 
 Read More »

Senator preparing new push against currency cheats in trade

Reuters | January 25, 2015 | International Trade

U.S. lawmakers are preparing a new push to stop trading partners unfairly manipulating their currencies to gain an export advantage, a senior Democrat said. Read More »

India’s Ipca Labs hit by FDA ban on plant for standard violations

Reuters | January 25, 2015 | International Trade

The U.S. Food and Drug Administration (FDA) has banned imports from Indian generic drugmaker Ipca Laboratories Ltd's plant at Ratlam in the central Madhya Pradesh state due to violations of standard production practices. Read More »

US senator wants fast-track trade bill introduced by the end January

Reuters | January 25, 2015 | International Trade

The head of the U.S. Senate committee responsible for trade said he wanted to introduce a bill by the end of January that grants the White House authority to fast track trade deals. Read More »

Starbucks price set for 94% of 2015 coffee supply

Reuters | January 25, 2015 | International Trade

Starbucks Corp has fixed the price it will pay for most of its coffee beans this year after going on a buying spree late last year when prices were under pressure, Chief Financial Officer Scott Maw said. Read More »

Starbucks’ Americas-region traffic ticks up during holiday quarter

Reuters | January 25, 2015 | International Trade

Starbucks Corp said traffic to its Americas-region stores perked up during the holiday quarter, easing investor jitters about slower growth and boosting shares more than 3 percent in after-hours trading. Read More »

Brazil posts record current account gap in 2014

Reuters | January 25, 2015 | International Trade

Brazil recorded its widest current account deficit ever in 2014 as it posted a trade deficit due to a sharp fall in the price of key exports and a sluggish global economy. Read More »

Mexico says Pacific free trade deal ‘feasible’ in mid-March

Reuters | January 25, 2015 | International Trade

A deal on a 12-nation Asia-Pacific trade pact could be concluded in mid-March, Mexico's economy minister, Ildefonso Guajardo, said. Read More »

Amazon, e-commerce rivals fuel commercial property boom in India

Reuters | January 25, 2015 | Intermodal | Road

Internet retailer Amazon and its fast-growing local rivals are driving a boom in commercial property leasing in India as their storage needs rise, with shoppers in the country going online to buy everything from televisions to groceries. Read More »

Sea Star launches new barge service from JAXPORT

AJOT | January 25, 2015 | Liner Shipping | Ports & Terminals

Sea Star’s new barge service to Puerto Rico from JAXPORT began carrying both dry and refrigerated containers. Read More »

Construction of a new deepwater berth in DCT Gdansk has started

AJOT | January 25, 2015 | Ports & Terminals

DCT Gdansk secured €290 million to meet the growing demand for deep-sea services in Central-Eastern Europe by expanding its operations. Read More »

Kansas City Southern profit rises, expects solid 2015 growth

Reuters | January 25, 2015 | Intermodal | Rail

Regional railroad Kansas City Southern reported a higher quarterly net profit that came in well above Wall Street expectations, driven mainly by higher freight volumes, and said it expected to benefit from a growing U.S. economy in 2015. Read More »

Low oil prices to buoy transport, retail, industrial profit reports

Reuters | January 25, 2015 | Intermodal | Road

Equity investors may see a fourth-quarter earnings boost from transportation, retail and industrial companies, all seen as big beneficiaries of last year's oil price collapse. Read More »

Indonesia to form infrastructure bank to attract private investment

Reuters | January 25, 2015 | Intermodal | Rail

Indonesia's finance ministry said it plans to inject $1.63 billion into PT Sarana Multi Infrastruktur (SMI) and transform the state-owned financing firm into an infrastructure bank to help fund roads, railways and seaports with private backing. Read More »

US drivers put oil market on road to recovery

Reuters | January 25, 2015 | Intermodal | Road

U.S. gasoline demand is increasing as motorists opt for bigger vehicles and drive more, encouraged by the sharp drop in fuel prices and an improving employment market. Read More »

Teamsters lose another vote at FedEx Freight facility

Reuters | January 25, 2015 | Intermodal | Road

FedEx Corp said the Teamsters have lost a ballot among drivers at a FedEx Freight facility in West Virginia, the latest blow to the union's campaign to organize workers at the package delivery company. Read More »

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