International Trade

Brazil’s current account gap narrows on positive trade

AJOT | June 23, 2015 | International Trade

Brazil's current account deficit narrowed in May to half its level in the previous month due to a rising trade surplus, boosted by dwindling demand for imports and a weaker local currency. Read More »

Germany’s Gabriel opposes debt haircut for Greece

Reuters | June 23, 2015 | International Trade

German Vice Chancellor Sigmar Gabriel said on Tuesday a debt haircut for Greece would not accomplish anything if Athens simply piled on more debts immediately afterwards, adding that Germany and Europe must not be blackmailed by Athens. Read More »

Greek offer to creditors stirs angry backlash at home

Reuters | June 23, 2015 | International Trade

Greek lawmakers reacted angrily on Tuesday to concessions Athens offered in debt talks and parliament’s deputy speaker warned the proposals might by rejected, puncturing optimism that a deal to pull Greece back from the abyss might be sealed quickly. Read More »

Austria finmin says no agreement on Greek proposals without concrete plan

Reuters | June 23, 2015 | International Trade

Austria’s finance minister said on Tuesday there would be no agreement on new Greek budget proposals unless there was a concrete plan showing how they would be carried out. Read More »

U.S. ethanol exports to Brazil face tariff increase

Reuters | June 22, 2015 | Energy | International Trade

Brazil increased a tariff on imported ethanol to 11.75 percent on Monday, in a move expected to benefit local cane mills and put further pressure on shipments of U.S. ethanol, which account for the bulk of imports to Brazil. Read More »

Argentine grains workers sign wage deal, averting strike

Reuters | June 22, 2015 | International Trade

Port workers at Argentina’s Rosario grains hub have called off a strike that was planned for Tuesday after agreeing with export companies to a 31.5 percent wage increase, a union official said. Read More »

Export-Import Bank Approves Financing for Export of 144 American-Made Bridges to Sub-Saharan Africa

AJOT | June 22, 2015 | Breakbulk & Projects | Projects | International Trade

The Export-Import Bank of the United States (EXIM) Chairman and President Fred Hochberg announced today in New Castle, Delaware that the Bank will finance the sale of Acrow Corporation of America’s modular steel bridge components to the Road Development Agency in the Republic of Zambia (ROZ). EXIM will guarantee a $73 million commercial loan to facilitate the export of 144 steel bridges. Transaction will support jobs in Pennsylvania, Delaware, New Jersey, and several other states. Read More »

U.S. Treasury’s Lew urges Greece to make serious move in debt talks

Reuters | June 22, 2015 | International Trade

U.S. Treasury Secretary Jack Lew urged Greece again on Monday to make a “serious move” at reaching a deal with its creditors, saying it needed to quickly submit proposals that were credible, a Treasury official said. Read More »

Chinese firms pour money into U.S. R&D in shift to innovation

Reuters | June 22, 2015 | International Trade

Surging investment by Chinese companies in U.S. research labs is yielding a fast-growing trove of patents, part of a push to mine America for ideas to help China shift from Read More »

The Bank of Japan said it expects factory output to fall for the first time in three quarters

Reuters | June 22, 2015 | International Trade

The Bank of Japan said it expects factory output to fall for the first time in three quarters in April-June on weak Asian demand, underscoring the fragile nature of the economic recovery. Read More »

Brazil’s JBS world’s largest meat packer to pay $1.5 billion for rival Moy Park

Reuters | June 22, 2015 | International Trade

Brazil's JBS SA, the world's largest meat packer, has agreed to pay about $1.5 billion for Moy Park Ltd, the British unit of rival Marfrig Global Foods SA (MRFG3.SA), JBS and Marfrig announced. Read More »

“Reasonable” Greek offer raises hopes of deal but Germany urges caution

Reuters | June 22, 2015 | International Trade

Euro zone officials welcomed Greek concessions on Monday as a possible step towards a deal on averting a default, but politicians dismissed expectations of a breakthrough at a summit later in the day to secure the country’s future in the euro. Read More »

Cargo Thefts Trending Up

AJOT | June 22, 2015 | International Trade

Across the United States, cargo theft is up 11 percent in these rolling three months from the same period in 2014. California, Florida, and Illinois have the biggest decreases in cargo theft. But cargo theft has increased in New Jersey and Texas and has occurred in a wider distribution of states in this rolling quarter. Read More »

First aircraft Airbus components transported by DHL arrive in Mobile, Alabama from Hamburg, Germany

AJOT | June 22, 2015 | Air Cargo | International Trade

DHL Industrial Projects provides multimodal transport concept for highly sensitive break-bulk goods with unit weights of thirty tonnes. Read More »

Cargo Thefts Trending Up

AJOT | June 22, 2015 | Intermodal | International Trade

CargoNet reports US cargo thefts trending higher. Read More »

Thai-Based Yusen Logistics, Mazda Joint Venture Provides Automotive Spare Parts Logistics Services

AJOT | June 22, 2015 | International Trade | Transport Intermediaries

Mazda Logistics and Yusen (Asia) Co., Ltd. (MLYA), a joint venture formed by Yusen Logistics (Thailand) Co., Ltd. and Mazda Logistics Co., Ltd., has started providing full-scale automotive spare parts logistic services on behalf of Mazda Motor Corp. in Thailand. Read More »

First Bauxite Announces Proposed $200 Million Bauxite Processing Investment In Louisiana

AJOT | June 22, 2015 | International Trade

Manufacturing facility in St. John the Baptist Parish would result in more than 200 new direct and indirect jobs; finished product to be used in the oil and gas drilling industry. Read More »

Volkswagen expects “limited growth” in the United States over the next two years

Reuters | June 22, 2015 | International Trade

Volkswagen AG expects "limited growth" in the United States over the next two years and will focus on defending the market share it has, the top executive for the region told Reuters, suggesting the German automaker will fall short of an ambitious 2018 sales target. Read More »

India’s economic reforms could boost growth rate

Reuters | June 22, 2015 | International Trade

Indian Finance Minister Arun Jaitley said on Thursday 6/18 that economic reforms in the legislative pipeline can push India's growth rate above the 7 to 7.5 percent range. Read More »

Any Greece deal must match party manifesto, minister says

Reuters | June 22, 2015 | International Trade

Any deal Greece signs with its creditors to avoid default must be in line with the pledges the ruling party was elected on in January, the deputy labour minister said ahead of an emergency summit of European ministers on Monday. Read More »