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Container traffic falls 6 pct at key ports

AJOT | October 24, 2010 | Ports & Terminals

Ship container volumes at the world's top nine ports fell by 6 percent in September from the previous month, an indication of weakening demand in global trade, said market intelligence provider Alphaliner.

Shanghai, Singapore, Hong Kong and s Read More »

Union Pacific hiring, buying on outlook

AJOT | October 24, 2010 | Intermodal

Union Pacific Corp, the No. 1 U.S. railroad, is hiring, buying locomotives and shopping for properties around the United States, spurred by signs of an economic recovery, the railroad's top executive said.

"My expectations are it will be a po Read More »

DB Schenker award goes to Dr. Petrick

AJOT | October 24, 2010 | Intermodal

The DB Schenker Award 2009, which carries a cash prize of EUR 10,000, goes to Dr. Anita Petrick from the Darmstadt University of Technology . The young female scientist beat competition from all over Europe with her dissertation entitled 'Multimodal produ Read More »

Werner Enterprises Q3 profit beats Wall Street view

AJOT | October 24, 2010 | Intermodal

Trucking and logistics company Werner Enterprises Inc posted a better-than-expected quarterly profit, helped by a stronger freight market. Read More »

Hermes Transport Logistics and Europipe opt for carbon-free rail freight transport

AJOT | October 24, 2010 | Intermodal

Hermes Transport Logistics and the industrial corporation Europipe are new customers for Eco Plus, the carbon-free option from DB Schenker Rail in which the traction current required for the transport is obtained from renewable energy sources in Germany. Read More »

Ryder posts 62% higher profit, raises forecast

AJOT | October 24, 2010 | Intermodal

Trucking and logistics company Ryder System Inc reported a 62 percent percent rise in profit on stronger demand for commercial truck rentals and used vehicles and raised its profit forecast for the year. Read More »

Old Dominion expands Pacific Promise Guaranteed Service from China

AJOT | October 24, 2010 | Intermodal

OD-Global, a division of Old Dominion Freight Line Inc., has expanded its Pacific Promise service to include seven additional ports in China.

Initially offered from Hong Kong, Shanghai and Shenzhen/Yantian starting in April 2009, Pacific Prom Read More »

Cambodian rail line opened to help regional trade

AJOT | October 24, 2010 | Intermodal

Cambodia has reopened a stretch of railway destroyed during the country's war and officials described it as a step towards boosting regional trade through rail links with neighbours. Read More »

YRC Worldwide’s improving outlook

AJOT | October 24, 2010 | Intermodal

U.S. trucker YRC Worldwide said it expects to report a financial position for the third quarter that will more than satisfy requirements of a key credit agreement with lenders.

YRC, which has been struggling to stay out of bankruptcy, said da Read More »

DB Schenker integrates logistics center in Czech Republic into complex solution for ESAB

AJOT | October 24, 2010 | Intermodal

The first train carrying material for its customer ESAB arrived on October 20 at DB Schenker's new logistics center in Pardubice in the Czech Republic. ESAB is one of the world's largest suppliers of welding equipment, consumables and accessories. From no Read More »

Trade war could speed green technology

AJOT | October 24, 2010 | International Trade

If the currency war gives rise to a trade war there could be one unexpected beneficiary: the environment.

And no, this is not simply because a round of tariffs would suppress global trade and economic activity disastrously, thus cutting back Read More »

Japan eyes US-led free trade pact despite backlash

AJOT | October 24, 2010 | International Trade

Japan's economics minister said that Tokyo should join a U.S.-led Asia-Pacific free trade initiative to keep its firms from fleeing abroad, despite a backlash in the ruling party against the proposed deal.

Japanese firms are pressing the gove Read More »

China exporters can weather 6% yuan rise

AJOT | October 24, 2010 | International Trade

Chinese exporters could withstand further yuan gains of almost 6 percent against the dollar before they started losing money, a Reuters poll at the country's top trade fair showed.

If the Chinese currency rose to 6.28 per dollar, some 5.9 per Read More »

China: no rapid change in rare earth exports

AJOT | October 24, 2010 | International Trade

China's new five-year-plan will not bring any rapid change in export quotas for rare earth metals required worldwide for high-tech products, a senior Chinese trade official said.

Sun Zhenyu, ambassador to the World Trade Organization, told Re Read More »

WTO rejects most Chinese claims in U.S. duties case

AJOT | October 24, 2010 | International Trade

A World Trade Organization panel largely rejected Chinese claims on Friday in a dispute with the United States on extra duties on Chinese goods. Read More »

Honeywell CFO sees “muted” economic growth in 2011

AJOT | October 24, 2010 | International Trade

Honeywell International Inc is not counting on a pickup in the global economy to boost its results in 2011, when it expects to increase sales 5 percent or more, its chief financial officer said.

The diversified U.S. manufacturer provided inve Read More »

U.S. says “end is in sight” on Russia’s WTO bid

AJOT | October 24, 2010 | International Trade

Russia could join the World Trade Organization within a year after talks on Moscow's 17-year-old bid made good progress, President Barack Obama's senior economic adviser said.

"We are certainly hopeful that well before 12 months from now, thi Read More »

WTO delays ruling in China raw materials dispute to April

AJOT | October 24, 2010 | International Trade

The World Trade Organization will not publish a ruling in a dispute brought against China over exports of raw materials until next April instead of this year, a WTO document showed.

A statement by the chairman of the panel examining the case, Read More »

US beef exports largest since 2008

AJOT | October 24, 2010 | International Trade

U.S. beef exports surged to a two-year high recently as a weak dollar helped the meat claim a larger share of global markets from other suppliers such as Argentina, Australia and Brazil, USDA and meat industry sources said.

The U.S. Agricultu Read More »

EU sends warning to China with 10-year trade strategy

AJOT | October 24, 2010 | International Trade

The European Union will act against any country that denies it access to scarce raw materials or energy resources it needs for growth, according to a draft document setting out its 10-year trade agenda, aims that could ratchet up tension with China and Ru Read More »

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