Brazil plans tax breaks, new bank for exports

AJOT | May 09, 2010 | International Trade

Brazil's government is readying an export promotion program that includes tax exemptions and credits and the creation of a state-run trade bank, amid a dramatic decline in the nation's trade surplus, Valor Economico newspaper reported.

The pl Read More »

China, Russia, Canada again top USTR piracy list

AJOT | May 09, 2010 | International Trade

The United States on Friday placed Russia on its list of countries with the worst records of preventing copyright theft for the 13th straight year, just days after the two nations agreed to intensify talks on Moscow's bid to join the World Trade Organizat Read More »

Trade talks between EU, Central America collapse

AJOT | May 09, 2010 | International Trade

Trade negotiations between the European Union and Central America have collapsed, jeopardizing the EU's bid to reach an agreement before a meeting of leaders from both regions, EU officials. The talks between the 27-nation EU and Panama, Guatemala, Costa Read More »

Brazil car export surge helps boost April output

AJOT | May 09, 2010 | International Trade

Automobile output in Brazil jumped in April from a year earlier as automakers ramped up production to meet a surge in demand in export and domestic markets, the national automakers' association Anfavea said.

Output jumped 14.2 percent in Apri Read More »

Carbon tariffs on imports risk trade war

AJOT | May 09, 2010 | International Trade

The European Union is considering border tariffs on imports from more polluting countries, but an initial assessment shows such levies could spark trade wars, draft reports show.

Two European Commission reports do not explicitly reject a push Read More »

US eyes deeper trade ties with Latin America

AJOT | May 09, 2010 | International Trade

The United States needs to deepen its economic engagement in Latin America in response to competitive pressures from China and European Union, a top U.S. trade official said.

"The world isn't going to stand still for us. We have to realize th Read More »

Industry overstated EU feed import crisis

AJOT | May 09, 2010 | International Trade

The disruption to animal feed imports caused by Europe's "zero tolerance" policy on unapproved genetically modified organisms (GMOs) has been exaggerated by industry, campaigners Friends of the Earth said.
Last summer, several shipments of soy from Read More »

India FY10 exports fall; targets 15% export growth

AJOT | May 09, 2010 | International Trade

India's exports dropped 4.7 percent in the fiscal year 2009/10 as the global slowdown sapped demand, but Asia's third-largest economy is targeting close to 15 percent export growth this year, officials said. Read More »

Budapest Airport welcomes Cargolux’s 5TH weekly flight

AJOT | May 09, 2010 | Air Cargo

Following eight years of successful operations at Budapest, Cargolux the Luxembourg based all cargo carrier, has added a fifth weekly 747-400F flight from Hong Kong. Cargolux is the only cargo carrier offering direct services out of Asia, which is greatly Read More »

Express faces risks as TNT Q1 beats forecasts

AJOT | May 09, 2010 | Air Cargo

Dutch mail and logistics group TNT said the recovery of its express business, a target of buyout speculation, still faced risks as it beat forecasts with a 54 percent rise in first-quarter operating profit.

TNT, Europe's second largest mail a Read More »

UAL, Continental to form largest airline

AJOT | May 09, 2010 | Air Cargo

United Airlines parent UAL Corp will buy Continental Airlines Inc for $3.17 billion to form the world's largest carrier, moving to better withstand the hazards that have battered airlines in recent years.

The merger, if approved by regulators Read More »

American Airlines launches Madrid to New York, JFK services

AJOT | May 09, 2010 | Air Cargo

American Airlines has introduced direct services between New York JFK and the Spanish capital Madrid. The route complements the carrier's existing flights between Miami and Madrid and Dallas/Fort Worth and Madrid as well as services to the Catalan region Read More »

Lufthansa posts wider-than-expected loss in Q1

AJOT | May 09, 2010 | Air Cargo

Deutsche Lufthansa posted a bigger-than-expected first-quarter operating loss as high fuel costs, strike measures, a harsh winter and the lagging performance at some of its units weighed on earnings. Read More »

ABC transports prototype space capsule to technical museum in Speyer

AJOT | May 09, 2010 | Air Cargo

The prototype of a descent space capsule has been delivered by AirBridgeCargo Airlines for display at a special technical museum in Speyer.

Weighing 1,000 kilos, the capsule was transported from ABC's hub at Moscow Sheremetyevo Airport onboar Read More »

Globe Air Cargo wins United Airlines GSA contract in Spain

AJOT | May 09, 2010 | Air Cargo

Globe Air Cargo has won the GSA contract to represent United Airlines Cargo in Spain.

The airline operates a daily Airbus A330 flight from Madrid to Washington. From the US capital, United Airlines provides connections to all main US d Read More »

Atlas Air Q1 beats, says year to top estimates

AJOT | May 09, 2010 | Air Cargo

Cargo carrier Atlas Air Worldwide Holdings Inc posted higher-than-expected quarterly profit and forecast full-year profit above current Wall Street estimates. Read More »

Dubai sees 48% rise in air cargo traffic by 2015

AJOT | May 09, 2010 | Air Cargo

Dubai Airports, the company overseeing airport projects in the emirate, expects a 48 percent rise in cargo traffic by 2015, partly due to improving economic conditions, it said. Read More »

Airline finances starting to look up, IATA says

AJOT | May 09, 2010 | Air Cargo

Airlines are faring better financially this year, with share prices and fares up, despite the volcanic ash that caused hardship in April, global airlines body IATA said. Read More »

American Airlines Cargo boosts frequency and capacity from Ireland

AJOT | May 09, 2010 | Air Cargo

American Airlines (AA) has increased flights from Dublin to Chicago from four times per week to daily, in its summer schedule. Read More »

CMA CGM carries works of art for Shanghai World Expo

AJOT | May 09, 2010 | Liner Shipping

As part of the Shanghai World Expo, the CMA CGM Group has shipped 5 works of art on behalf of the JGM Gallery specialized in contemporary sculpture. Four sculptures were transported aboard the CMA CGM FIDELIO between Zeebrugge and Shanghai on the French A Read More »