International Trade

US Customs Intercepts Cache of Undeclared Bees at Laredo Port

AJOT | May 08, 2015 | International Trade

U.S. Customs and Border Protection (CBP) agriculture specialists at Laredo Port of entry stung an ill-fated and unusual smuggling attempt as they seized a cache of undeclared live queen and worker honey bees from a group of travelers in a pickup truck. Read More »

Soy Growers call for ‘mandatory and continuous’ grain inspections

AJOT | May 08, 2015 | International Trade

American Soybean Association (ASA) Director Bill Gordon, of Minnesota, testified in Washington this week, calling on the Senate Committee on Agriculture, Nutrition and Forestry Committee to help ensure that grain inspections under the Grain Standards Act remain both mandatory and continuous, even in the event of a work stoppage due to strike or lockout. Read More »

Russia and China deepen ties with new economic deals

Reuters | May 08, 2015 | International Trade

Russia and China signed a $25 billion deal to boost Chinese lending to Russian firms and a host of other accords deepening economic cooperation on Friday as Moscow’s ties with the West fray over the Ukraine crisis. Read More »

Carly Fiorina ‘uncomfortable’ granting trade authority to Obama

AJOT | May 08, 2015 | International Trade

Americans for Limited Government President Rick Manning today issued the following statement praising presidential candidate Carly Fiorina for stating she is "uncomfortable with this deal and giving him trade authority" to Obama to negotiate the Trans-Pacific Partnership trade deal on the Laura Ingraham Show: Read More »

Adidas behind competition? Some shareholders think so.

Reuters | May 07, 2015 | International Trade

Adidas (shareholders took aim at the management of the German sportswear company on Thursday, not convinced a new strategy would be enough to challenge the dominance of rival Nike. "Adidas is panting behind the competition. Adidas lost the race, at least in 2014," Gerhard Jaeger, spokesman for the SdK investor association, told the firm's annual shareholder meeting in the southern town of Fuerth. Read More »

Greece defies international creditors

Reuters | May 07, 2015 | International Trade

Greece defied its international creditors by sticking to "red lines" on pension and labor market reforms and urging lenders to give ground, dimming prospects of progress next week toward securing desperately needed financial aid. Read More »

Airbus takes lead in aircraft orders over rival Boeing

Reuters | May 07, 2015 | Air Cargo | International Trade

Airbus appeared to take the lead in the order race with Boeing last month, leapfrogging its rival with confirmation of a major Latin American order as Boeing prepared to issue its own final data for the first four months of 2015. Read More »

China’s CNR, CSR kick off merger process with trading halt

Reuters | May 07, 2015 | Intermodal | Rail | International Trade

Chinese train makers China CNR Corp Ltd and CSR Corp Ltd halted trading of their shares on Thursday, the first step in a merger process expected to create the world's biggest rail conglomerate in terms of sales. Read More »

Euro zone retail sales were weaker than expected in March

Reuters | May 07, 2015 | International Trade

Euro zone retail sales were weaker than expected in March, turning negative on a monthly basis for the first time since last September. Read More »

Alibaba Group Holding Ltd’s (BABA.N) quarterly revenue up 45%

Reuters | May 07, 2015 | International Trade

Alibaba Group Holding Ltd's (BABA.N) quarterly revenue rose 45 percent, beating analysts' expectations, as the Chinese e-commerce company reported a jump in gross merchandise volume. Read More »

The TT Club 2014 Financial Results

AJOT | May 06, 2015 | International Trade | Ports & Terminals

The TT Club, the leading international transport and logistics insurance provider, today announces its financial results for the year ended 31 December 2014, maintaining its A- (Excellent) rating by agency AM Best for the 9th consecutive year. Read More »

International Port Corp Announces Ferry Service to Cuba

AJOT | May 06, 2015 | International Trade | Ports & Terminals

International Port Corp received US Licenses today from both the US Treasury Department and the US Commerce Department for direct passenger ferry service from Florida to Cuba. Read More »

China trying to avoid layoffs in slow economy

Reuters | May 06, 2015 | International Trade

As growth in China's sagging economy looks on the verge of spilling below 7 percent, officials worried about a spike in unemployment are pulling out all the stops to avoid mass lay-offs. Read More »

Germany’s Merkel to discuss Ukraine with Putin in Moscow

Reuters | May 06, 2015 | International Trade

Russian President Vladimir Putin and German Chancellor Angela Merkel will discuss the crisis in Ukraine at talks in Moscow on Sunday, a Kremlin aide said on Wednesday. Read More »

Shipping industry points to more Asian economic weakness

Reuters | May 06, 2015 | International Trade

Steep drops in Asian shipping rates are adding to fears about slowing trade, as a fall in export orders from countries across the region depresses demand for ships carrying 90 percent of world trade. Read More »

Oil slump helps push Canada trade deficit to record high

AJOT | May 05, 2015 | Energy | International Trade

Canada's trade deficit jumped to a record high C$3.02 billion ($2.50 billion) in March from February as imports surged and weak crude prices helped curb exports, Statistics Canada data showed. Read More »

California exports down less in latest numbers

AJOT | May 05, 2015 | International Trade

The value of California’s merchandise export trade declined in March, falling 2.9% from the same month last year, according to a Beacon Economics analysis of foreign trade data released this morning by the U.S. Commerce Department. Read More »

China will expand coal ban

AJOT | May 05, 2015 | International Trade

China will expand its bans on coal burning to include suburban areas as well as city centers in efforts to tackle air pollution, the top energy agency said on Tuesday. Read More »

Detroit’s automakers heading for banner year…but what’s ahead?

Reuters | May 05, 2015 | International Trade

Detroit's automakers, on track for their best sales year since 2006, may want to brace themselves for rockier times ahead. Read More »

China sets rules to lure private investment in infrastructure

Reuters | May 05, 2015 | Breakbulk & Projects | Projects | International Trade

China has put in place rules to protect private investors and expand opportunities in infrastructure and utility projects, the country's top planning agency said on Tuesday, as the government seeks help revitalizing a stuttering economy. Read More »