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 »

Daimler aims to nearly triple China sales by 2015

AJOT | October 24, 2010 | International Trade

Daimler aims to sell 300,000 Mercedes-Benz cars in China annually in 2015, its chief executive said on Friday, nearly tripling its sales this year. Read More »

DB Schenker Rail Polska S.A. a Stable Presence on the Polish market

AJOT | October 24, 2010 | Air Cargo

DB Schenker Rail Polska has established itself on the Polish market. One year after the company was begun under the aegis of DB Schenker Rail, we have made great strides together with our dedicated employees and have cemented our position as the number tw Read More »

Volga-Dnepr Group’s President says continuing to develop airport infrastructure

AJOT | October 24, 2010 | Air Cargo

Russia's fast-growing air cargo industry will play an increasingly important role in helping to develop a thriving economy as long as the country continues to develop its airport infrastructure to manage the growth in throughput, Volga-Dnepr Group's Presi Read More »

Glasgow Prestwick airlifts urgently needed crane to Abu Dhabi

AJOT | October 24, 2010 | Air Cargo

Glasgow Prestwick Airport Freight has just handled an unusual heavy lift for engineering and crane specialist Sparrows - a 120ft, 55-tonne monster crane bound for Abu Dhabi.

It was transported by another heavyweight - an Antonov 124, the worl Read More »

UPS sees slow economic growth ahead

AJOT | October 24, 2010 | Air Cargo

United Parcel Service Inc , the world's largest package delivery company, has become more cautious heading into one of its busiest periods -- the U.S. holiday shopping season.

November and December are a peak period for UPS and its main rival Read More »

DHL Express USA expands its International capabilities

AJOT | October 24, 2010 | Air Cargo

After successfully rebuilding its business to focus exclusively on its core international shipping competencies, DHL Express, the world's leading express and logistics company, is now focusing on targeted growth as it announces the launch of an entirely n Read More »

WFS is first ground handler in Paris to enter the IATA’s ISAGO registry

AJOT | October 24, 2010 | Air Cargo

Worldwide Flight Services (WFS) is the first ground handling company in Paris to enter the IATA Safety Audit for Ground Operations (ISAGO) registry.
WFS was awarded the ISAGO registration on September 26th following the successful completion of its Read More »

Garuda Indonesia to regain foothold in European air cargo market after flights resume

AJOT | October 24, 2010 | Air Cargo

Returning after a six-year gap in operations, Indonesia's national airline, Garuda Indonesia, has been quick to reestablish its foothold in the European air cargo market with the help of its GSA partner, European Cargo Services (ECS). Read More »

BA, Air France face cargo cartel fines

AJOT | October 24, 2010 | Air Cargo

British Airways (BA), Air France-KLM, and SAS are among several airlines set to be fined by European Union (EU) antitrust regulators next month for fixing cargo prices, several sources said.

The European Commission charged the carriers in Dec Read More »

Evergreen’s Hsieh says Intra-Asia trade may outpace TransPacific and Asia-Europe

AJOT | October 24, 2010 | Liner Shipping

Bronson Hsieh, Chairman of Evergreen Marine Corporation (Taiwan) t said: "Intra-Asia trade will be the focal point of container shipping industry in the future."

He said: "Our company anticipates that the intra-Asia market will continue to be Read More »

Best Buy names APL its Ocean Carrier of the Year

AJOT | October 24, 2010 | Liner Shipping

International consumer electronics retailer Best Buy has named APL its Ocean Carrier of the year for 2010. A leading global container carrier, Singapore-based APL was honored at a Best Buy logistics conference here recently. Read More »