Essar Shipping Q3 net rises as port biz turns around

AJOT | February 03, 2011 | Ports & Terminals

India's Essar Shipping Ports & Logistics, the country's second largest private sector port operator, reported a 27 percent rise in Oct-Dec net profit, supported by its ports business that swung to profit.

Throughput at its ports during the quarter was Read More »

CN, Montreal Port Authority, Montreal Gateway Terminals, Termont Montreal reach agreements…

AJOT | February 03, 2011 | Intermodal

CN, the Montreal Port Authority (MPA) and the two companies that operate the port's three key container terminals announced today two level of service agreements (LSAs) that will drive a strong focus on supply chain efficiencies.

The two agreements - Read More »

Con-way sees prices for trucking improving

AJOT | February 03, 2011 | Intermodal

Con-way Inc said prices for trucking are rising as capacity tightens.

"Pricing is not on a declining trajectory; it's on an improving trajectory," Herb Schmidt, president of Con-way Truckload, said on an analyst call on Thursday. Read More »

Ryder operating profit rises, outlook strong

AJOT | February 03, 2011 | Intermodal

Trucking and logistics company Ryder System Inc reported higher-than-expected quarterly profit and forecast double-digit revenue growth this year, lifting its shares by 4 percent.

Fourth-quarter results benefited from stronger commercial rentals and u Read More »

US Republicans to press trade rep. on Obama agenda

AJOT | February 03, 2011 | International Trade

U.S. Trade Representative Ron Kirk will be pressed to lay out President Barack Obama's trade priorities for 2011 when testifies before a congressional trade panel, a Republican congressman said.

"I look forward to hearing Ambassador Kirk in his first Read More »

Chili’s taps into Russian consumer boom

AJOT | February 03, 2011 | International Trade

Ribs-and-cocktails restaurant chain Chili's opened its first restaurant in Moscow on Wednesday, joining a throng of companies keen to cash in on Russia's consumer spending boom and growing middle class.

The company, owned by Brinker International Inc Read More »

Cargill to build new corn mill in Brazil

AJOT | February 03, 2011 | International Trade

Leading commodities trader Cargill said it would invest 350 million reais ($212 million) to build a new corn processing mill in Brazil, another sign of growing local demand in one of the world's largest agricultural producers and exporters.

The new pl Read More »

Indonesia’s Jan Sulawesi cocoa exports fall 50%

AJOT | February 03, 2011 | International Trade

Exports of cocoa beans from Indonesia's main growing area of Sulawesi island fell 55 percent in January against the same month a year ago as a result of wet weather, data showed.

Indonesian exporters shipped 11,634.66 tons in January, from 25,920 tons Read More »

Booming trade causes friction between Brazil and China

AJOT | February 03, 2011 | International Trade

Blossoming trade between Brazil and China has brought benefits to both economies but also caused increasing strains as Brazilian manufacturers struggle to compete with a wave of Chinese imports.

Here are some facts about trade between the two fast-gro Read More »

Statisticians hunt better ways to count trade figures

AJOT | February 03, 2011 | International Trade

In an age of global supply chains, trade figures give an increasingly misleading picture of what is going on -- and trade statisticians are out to change that. Trade figures have become politically explosive -- witness the sensitivity of the U.S. deficit Read More »

Nestle to invest $70 mlllion on South.Africa expansion

AJOT | February 03, 2011 | International Trade

Nestle is spending $70 million on expanding its business in South Africa, as the world's biggest food group sharpens its focus on emerging markets.

Nestle said in a statement on Wednesday it will spend around 500 million rand ($70 million) on a new ce Read More »

EU lawmakers OK banana duty cuts for Latin America

AJOT | February 03, 2011 | International Trade

European Union lawmakers on Thursday approved a deal to cut EU import tariffs on bananas from Latin America, ending the world's longest-running trade row, a European Parliament official said.

A majority in the European Parliament voted to cut duties o Read More »

Honda to lower CR-V exports to US to reduce fx impact

AJOT | February 03, 2011 | International Trade

Honda Motor Co is looking to make small investments in North America to build more of its popular CR-V crossovers there, reducing exports from Japan to cushion the blow from a strong yen, an executive said.

"Our profit structure has improved mainly th Read More »

EU softens stance on raw material export controls

AJOT | February 03, 2011 | International Trade

The EU confirmed it would consider stockpiling critical raw materials, but stopped short of threatening retaliation against countries that restrict supplies, a strategy document from the bloc's executive showed. In earlier drafts of the paper, the Europea Read More »

Hitachi raises forecast as Asia sales boom

AJOT | February 03, 2011 | International Trade

Hitachi Ltd raised its annual outlook above market expectations after cost-cutting and robust revenue in emerging markets helped quarterly operating profit nearly double, underscoring the progress in its restructuring drive.

The forecast for the indus Read More »

Kenya Airways to expand African routes, eyeing more

AJOT | February 03, 2011 | Air Cargo

Kenya's national carrier plans a three-pronged expansion this year on its African routes, a senior official said.

Kenya Airways Chief Operating Officer Bram Stellar said the three-way strategy will involve the company -- which dominates pan-African ai Read More »

Aloha Air Cargo wins award

AJOT | February 03, 2011 | Air Cargo

Aloha Air Cargo, Hawaii's leading air-freight carrier, is pleased to announce that two members of its team have been awarded top honors for excellence in the aviation field from the Federal Aviation Administration (FAA), alongside more than a dozen genera Read More »

Prager succeeds Persson as Envirotainer CEO

AJOT | February 03, 2011 | Air Cargo

Envirotainer's Board of Directors has appointed Niklas Prager, currently Chairman of the Board, as the company's new CEO, effective February 1st 2011. He succeeds Thomas Persson, who will remain with the company as Senior Advisor on special projects and s Read More »

Chile LAN to ask tribunal to drop TAM merger probe

AJOT | February 03, 2011 | Air Cargo

Chile's dominant airline LAN will ask an anti-trust tribunal to drop a probe into a planned merger with Brazilian carrier TAM , CEO Enrique Cueto told local media in interviews published.

The Chilean tribunal's probe, announced last week, puts a tempo Read More »

New IATA, ICAO and OAG web solution puts latest dangerous goods regulations online

AJOT | February 03, 2011 | Air Cargo

Airlines, freight forwarders and shippers can now gain faster access to the latest regulations and information for the carriage of dangerous goods by air with the launch of 'DG Online' by the International Air Transport Association (IATA), the Internation Read More »