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Australia’s Asciano says in talks to sell stake in ports and logistics arm

Reuters | July 17, 2014 | Transport Intermediaries

Australia’s Asciano Ltd said it is in talks to sell a stake in its ports and logistics business, with media reporting state-run China Merchants Group Ltd is interested and that a deal may be worth up to A$1.1 billion ($1 billion). Read More »

Lawsuit Against Walmart Puts Focus Back on Lenient Trucking Regulations

PR Newswire | July 17, 2014 | Intermodal

Tracy Morgan isn't taking the accident he endured last month lightly. The comedian and several other passengers were severely injured and fellow comedian James McNair was killed, when an allegedly drowsy Walmart truck driver crashed into Morgan's limousine on the New Jersey Turnpike. Read More »

CP Rail sees more growth as 2nd quarter tops forecasts

Reuters | July 17, 2014 | Intermodal

Canadian Pacific Railway Ltd reported stronger-than-expected results on Thursday, and said rising freight volumes and prices should push already record results to new highs later this year. Read More »

Strikes halt grains exports from Argentina’s Rosario hub

Reuters | July 17, 2014 | Ports & Terminals

Multiple strikes paralysed all grains exports from Argentina’s pivotal Rosario export hub on Thursday, a local business chamber said, disrupting shipping at a busy time in the harvest cycle. Read More »

Ukraine says Malaysian airliner shot down, 295 reported dead

Reuters | July 17, 2014 | Air Cargo

Ukraine says Malaysian airliner shot down, 295 reported dead

A Malaysian airliner was shot down over eastern Ukraine by militants on Thursday, killing all 295 people aboard, a Ukrainian interior ministry official was quoted as saying by Interfax-Ukraine news agency. Read More »

ATA Announces Senior Staff Promotions

PR Newswire | July 17, 2014 | Intermodal

ATA Announces Senior Staff Promotions

American Trucking Associations President and CEO Bill Graves announced several promotions of key professionals to the Association's Senior Staff team. These promotions will strengthen ATA and build upon the association's effectiveness in representing the interests of the trucking industry across the country. Read More »

Algoma Central Corporation Christens Environmentally Advanced Vessel in the Great Lakes

PR Newswire | July 17, 2014 | Liner Shipping

Algoma Central Corporation Christens Environmentally Advanced Vessel in the Great Lakes

Algoma Central Corporation is pleased to announce the arrival in Canada and the christening of its second Equinox Class bulk cargo vessel, the Algoma Harvester. Read More »

China, Brazil close plane, finance, infrastructure deals

Reuters | July 17, 2014 | International Trade

China and Brazil sealed their expanding commercial partnership on Thursday with a $5 billion credit line for Brazilian miner Vale and the purchase of 60 passenger jets from Brazilian planemaker Embraer. Read More »

Brazil’s Embraer sees China demand for executive jets recovering

Reuters | July 17, 2014 | International Trade

China’s demand for executive jets is stabilizing after it weakened earlier in the year and should recover with more force in the future, the chief executive officer of Brazilian planemaker Embraer said on Thursday. Read More »

CP Rail beats expectations as profit, revenue rise

Reuters | July 17, 2014 | Intermodal

Canadian Pacific Railway Ltd on Thursday reported second-quarter results that were slightly ahead of expectations as the rail operator worked to recover from massive backlogs and an unusually harsh winter. Read More »

Israeli shipper Zim completes $3.4 bln debt restructuring

Reuters | July 17, 2014 | Liner Shipping

Israel’s biggest shipping firm Zim said it completed a more than $3 billion debt restructuring that will allow the company to capitalise on the recovery in global trade. Read More »

S.Korea to scrap rice import caps from start of next year

Reuters | July 17, 2014 | Breakbulk & Projects

South Korea will on Friday announce plans to scrap caps on rice imports from the start of 2015, instead managing shipments into the country using a system of steep tariffs, domestic media outlets including the Yonhap news agency reported on Thursday. Read More »

Canadian Pacific train carrying gasoline derails in Saskatchewan

Reuters | July 16, 2014 | Intermodal

An eastbound Canadian Pacific Railway freight train carrying gasoline and other cargo derailed in the prairie province of Saskatchewan on Wednesday afternoon, the rail operator said, but there were no injuries, fire or leaks. Read More »

Rosneft CEO Sechin says U.S. sanctions on company are illegal

Reuters | July 16, 2014 | Energy | Maritime

Rosneft Chief Executive Officer Igor Sechin said on Wednesday that U.S. sanctions on the Russian state-controlled energy company are illegal because it has no role in the crisis in Ukraine. Read More »

US won’t change domestic energy laws for US-EU trade deal

Reuters | July 16, 2014 | International Trade

U.S. Deputy Trade Representative Michael Punke said the United States will not change its domestic energy laws as part of a trade deal with the European Union. Read More »

Foreign steel pipe producers argue against US import duties

Reuters | July 16, 2014 | International Trade

U.S. producers of steel pipe used in the oil and gas industry helped drive down prices by flooding the market with new output, the U.S. International Trade Commission heard, as foreign producers argued against hefty new import duties. Read More »

US Senate Democrats hold rescue talks on Ex-Im Bank

Reuters | July 16, 2014 | International Trade

US Senate Democrats hold rescue talks on Ex-Im Bank

U.S. Senate Democrats said they were working to rescue the U.S. Export-Import Bank, insisting it would save American jobs. Read More »

Patio chairs recalled after US reports of rear legs breaking

Reuters | July 16, 2014 | International Trade

Nantucket Distributing Co is recalling about 4,000 patio set chairs after reports that the back legs could break and people could fall, the U.S. Consumer Product Safety Commission said. Read More »

GM says sold 2.5 million autos in second quarter, best since 2005

Reuters | July 16, 2014 | International Trade

General Motors Co said its global sales topped 2.5 million vehicles in the recent quarter, up 0.5 percent as it posted its best showing since 2005 for a second quarter. Read More »

US presses Bali trade deal skeptics to sign up as planned

Reuters | July 16, 2014 | International Trade

The United States will insist that India and other World Trade Organization members stick to promises around a global deal to lower trade barriers and speed up the passage of goods through customs, a top trade official said. Read More »

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