China and Germany belittle US actions

AJOT | November 07, 2010 | International Trade

China rebuffed a U.S. plan to set limits for trade imbalances and Germany dubbed the Fed's money-printing policy "clueless", setting the stage for what could be a fractious G20 summit.

Washington believes an undervalued yuan is a major cause of econom Read More »

South Korea FTA top priority for meat industry

AJOT | November 07, 2010 | International Trade

The U.S. meat industry hopes a free-trade agreement with South Korea can be worked out when the leaders of the two countries meet next week because such a deal could boost meat exports, the U.S. Meat Export Federation said.

In a wide-ranging discussio Read More »

G20 warned of protectionism, currency tension

AJOT | November 07, 2010 | International Trade

The global economy is threatened by "dark clouds" of intensifying protectionist pressures, the heads of three international organisations said in a warning to leaders of the G20.

These pressures are driven by high unemployment, macroeconomic imbalance Read More »

Etihad air bans cargo from Yemen, Somalia

AJOT | November 07, 2010 | Air Cargo

Abu Dhabi's Etihad Airways has stopped cargo shipments from Yemen and Somalia, a spokesman said, as security measures are increased after two U.S.-bound parcel bombs from Yemen were intercepted in Britain and Dubai.

The change, announced on Thursday, Read More »

EU urges proportional approach to aviation security

AJOT | November 07, 2010 | Air Cargo

The European Union is looking to tighten aviation security after U.S.-bound bombs were found in air cargo, but should avoid counter-productive panic steps that strangle business, its transport commissioner said.

As EU experts met to discuss the issue, Read More »

Germany wants EU to act on air freight bombs

AJOT | November 07, 2010 | Air Cargo

Germany wants the European Union to introduce new security measures against militant attacks via air freight to help improve a patchwork of different rules around the world, officials said.

A German government source said EU interior ministers would d Read More »

IATA head confirms 2010 airline industry outlook

AJOT | November 07, 2010 | Air Cargo

Airlines body IATA does not expect airline industry profits to suffer a setback after two U.S.-bound bombs sent were intercepted in air cargo, IATA's head said.

"We are still forecasting a positive result of $8.9 billion this year," Giovanni Bisignani Read More »

Security alone not enough to foil parcel bombers

AJOT | November 07, 2010 | Air Cargo

Security measures alone may never be able to stop well concealed bombs being sent via air mail without prohibitive inconvenience and cost, leaving old-fashioned police work and intelligence essential.

Two sets of parcel bombs in the past week -- addre Read More »

Security pressure seen on passenger jet cargo

AJOT | November 07, 2010 | Air Cargo

Airlines could face pressure to put less cargo on passenger planes or improve blast protection after one of the parcels in the Yemen bomb plot was found to have flown in a passenger jet, analysts said.

Market reaction to last week's discovery of bombs Read More »

US promises air safety measures won’t hurt trade

AJOT | November 07, 2010 | Air Cargo

America's transport watchdog vowed not to slow global trade by piling security measures onto the aviation industry in response to terror threats as air lobby group IATA warned against rash action.

"Security cannot bring business to a standstill," said Read More »

US TSA chief meets with Yemenis on cargo security

AJOT | November 07, 2010 | Air Cargo

The head of the U.S. agency charged with overseeing cargo security met with officials in Sanaa to discuss the issue following last week's seizure of U.S.-bound package bombs sent from Yemen.

John Pistole, head of the U.S. Transportation Security Admin Read More »

Britain expands screening of air cargo

AJOT | November 07, 2010 | Air Cargo

Britain expanded security checks on air cargo after a recent failed bomb plot, saying shipments on some flights from Asia and the Middle East would be screened in Britain before being dispatched elsewhere.

The government announced the decision after T Read More »

ANA says to pay $73 million fine on cartel

AJOT | November 07, 2010 | Air Cargo

Japan's No.2 airline, All Nippon Airways, has agreed with the U.S. Justice Department to pay a $73 million fine for price fixing. Read More »

Boeing sees long-term growth in air cargo traffic

AJOT | November 07, 2010 | Air Cargo

Boeing Co said it expects world air cargo traffic to match its 2007 peak this year after contracting in 2008-2009, aided by increased industrial shipping.

The U.S. plane maker also forecast that global air cargo would grow at a 5.9 percent annual rate Read More »

False alarm over package at Glasgow Airport

AJOT | November 07, 2010 | Air Cargo

Parts of Glasgow Airport were evacuated late last week after a suspicious package was found in the departures security area, but the incident turned out to be a false alarm, police said.

The package was discovered by staff at about 7:55 p.m. (1955 GMT Read More »

FedEx says security works, sees healthy peak season

AJOT | November 07, 2010 | Air Cargo

FedEx Corp security systems worked when an explosive package from Yemen was detected in the company's Dubai facility, an executive said.

"In the most recent situation, a shipment from Yemen moved on a commercial carrier, and when it got to Dubai and t Read More »

China Southern Airlines officially joins SkyTeam Cargo

AJOT | November 07, 2010 | Air Cargo

The addition of China Southern Cargo to SkyTeam Cargo will significantly strengthen its global footprint. With its extensive domestic route network and strong exposure in Central Asia, Northeast Asia and the Middle East, China Southern Cargo will greatly Read More »

FedEx to buy India’s AFL Pvt Ltd and its affiliate

AJOT | November 07, 2010 | Air Cargo

FedEx Corp said its unit FedEx Express will buy smaller Indian rival AFL Pvt Ltd and its affiliate Unifreight India Pvt Ltd.

The U.S. logistics company said the deal will give the company a more robust domestic ground network but it did not provide th Read More »

New eco-containers trial for CMA CGM Group

AJOT | November 07, 2010 | Liner Shipping

CMA CGM was the first to launch in 2005 the Bamboo-floored eco-containers. The Group is currently running a test for new eco-containers manufactured with non-wood composite flooring, the Eko-Flor.

In line with its strong commitment to environmental pr Read More »

New North Europe-Mexico container service begins in Charleston

AJOT | November 07, 2010 | Liner Shipping

A new joint shipping service with coverage across North Europe and Mexico made its first U.S. stop in Charleston with the call of the Box Voyager. Read More »