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Russian Rail seeks direct buyer for freight unit

AJOT | February 21, 2011 | Intermodal

Russia's state railways would prefer a strategic buyer for its First Freight unit than an IPO as it seeks to raise cash quickly before its own privatisation, Chief Executive Vladimir Yakunin told Reuters Insider.

Yakunin said he hoped to raise $5-$6.5 Read More »

Mongolia to build railway link to Russian port

AJOT | February 21, 2011 | Intermodal

Land-locked Mongolia will build a 1,000 km (620 mile) railway to enable it to export its vast but largely untapped mineral wealth via a Russian port, China's Xinhua news agency reported late on Monday, citing local media.

Construction of the rail link Read More »

PECO Pallet announces acquisition by The Pritzker Group

AJOT | February 21, 2011 | Intermodal

PECO Pallet Inc. has announced that the company has been acquired by The Pritzker Group, a private investment firm owned and controlled by J.B. Pritzker and Tony Pritzker. The acquisition provides PECO Pallet with substantial equity capital to fund the co Read More »

Celadon Group tells Congress to increase investments in highway infrastructure

AJOT | February 21, 2011 | Intermodal

The United States needs to increase its investments in highway infrastructure, funding that can be obtained by raising the fuel tax, Celadon Group Inc. Chairman and CEO Steve Russell told members of Congress during a Feb. 19 listening session. Read More »

SETA reintroduced to let states
 raise interstate weight limits for trucks with additional…

AJOT | February 21, 2011 | Intermodal

The Coalition for Transportation Productivity (CTP), a group of more than 180 shippers and associations dedicated to responsibly increasing federal weight limits on interstate highways, today announced that federal truck weight reform known as the Safe an Read More »

WTO issues ruling on China export restraints

AJOT | February 21, 2011 | International Trade

U.S. trade officials confirmed that the World Trade Organization has issued a preliminary ruling in a case against Chinese export restrictions on certain industrial raw materials but said they could not comment yet on the decision.

"We can confirm tha Read More »

EU trade pact with South Korea clears final hurdle

AJOT | February 21, 2011 | International Trade

The European Parliament approved a free-trade pact between the European Union and South Korea, clearing the way for the EU's largest bilateral trade deal to take effect from July. Read More »

India, Kenya trade to rise 25% in 2011

AJOT | February 21, 2011 | International Trade

Trade between India and Kenya is likely to rise by 20-25 percent this year after growing 23 percent in 2010, New Delhi's envoy to Nairobi said.

Turnover between the two was worth $1.41 billion in 2010, heavily titled in India's favour. Kenya exported Read More »

Colombia sees trade deal with South.Korea, eyes Japan

AJOT | February 21, 2011 | International Trade

Colombia expects to finish a free trade pact with South Korea before the end of June and then focus on a deal with Japan as the Andean nation tries to break into Asian markets, its trade minister said.

The Andean nation was shaken in 2009 after key tr Read More »

India close to decision on opening up retail sector

AJOT | February 21, 2011 | International Trade

India's Trade and Industry Minister said that talks to open up the country's multi-brand retail sector to foreign investors were at an advanced stage, but he did not give a deadline.

"We are very seriously engaged," Anand Sharma told Reuters in an int Read More »

Tar sands row threatens Canada-EU trade deal

AJOT | February 21, 2011 | International Trade

Canada has threatened to scrap a trade deal with the European Union if the EU persists with plans that would block imports of Canada's highly polluting tar sands, according to EU documents and sources.

The European Union has told its fuel suppliers to Read More »

Argentine union boss holds key to grains exports

AJOT | February 21, 2011 | International Trade

A combative Argentine trade union veteran named Herme Juarez has the power to halt the country's multibillion-dollar soy exports and move prices at the Chicago Board of Trade.

Juarez, 69, heads the dock workers' union at the San Martin port outside Ro Read More »

Brazil says wins WTO ruling in US orange dispute

AJOT | February 21, 2011 | International Trade

Brazil said the World Trade Organization had made a final ruling in its favor in a dispute with the United States over anti-dumping measures imposed on its orange juice exports.

The decision by a WTO dispute panel, which Brazil's foreign ministry said Read More »

Halifax Stanfield International Airport receives funding for runway enhancements

AJOT | February 21, 2011 | Air Cargo

The Halifax Port Authority sees continued investment in the transportation sector in Nova Scotia. The funding announced this morning by the Federal Government and the Provincial Government for the extension of the Halifax Stanfield International Airport's Read More »

China air growth to lead global market

AJOT | February 21, 2011 | Air Cargo

Hong Kong is the world's fastest-growing air cargo market, with growth seen at an average of 12.2 percent per year, said International Air Transport Association (IATA) Director General Giovanni Bisignani.

"Asia is the most profitable region in the wor Read More »

Envirotainer’s new e-technology container RAP e2 carries first commerical shipment

AJOT | February 21, 2011 | Air Cargo

Envirotainer's new RAP e2, the next generation of e-technology air cargo containers for highly sensitive healthcare products, has successfully delivered its first commercial shipment.

The milestone first shipment ' which followed airworthiness certifi Read More »

Hapag-Lloyd to be worth as much as $4.75 blllion

AJOT | February 21, 2011 | Liner Shipping

Hapag-Lloyd, the world's fifth-largest container shipping line, aims to be valued at between 3 billion and 3.5 billion euros ($4.07 billion-$4.75 billion) when it lists on the German stock exchange on April 15, a newspaper reported.

Citing an analyst Read More »

Daewoo wins up to $5.7 blllion Maersk ship order

AJOT | February 21, 2011 | Liner Shipping

Daewoo Shipbuilding & Marine Engineering has landed a $1.9 billion order from A.P. Moller-Maersk to build 10 huge container ships, with options to deliver another 20 similar vessels.

At a cost of $190 million per vessel, Maersk said the total contract Read More »

Maersk likely to use first half of Daewoo option

AJOT | February 21, 2011 | Liner Shipping

Maersk Line said it is likely to exercise the first half of a 20-vessel option for additional ships under a $5.4 billion deal with shipbuilder Daewoo.

Maersk confirmed that it placed an order with Daewoo Shipbuilding & Marine Engineering for 10 large Read More »

Maersk 2010 profit seen meeting guidance

AJOT | February 21, 2011 | Liner Shipping

A.P. Moller Maersk is expected to report a swing back into profits for 2010 that will meet the company's guidance for net earnings of about $5 billion, a Reuters poll of analysts showed.

Net profit was estimated on average to be 27.72 billion Danish c Read More »

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