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Norfolk Southern CEO: rail mergers now “don’t make sense”

Reuters | October 22, 2014 | Intermodal | Rail

No. 4 U.S. railroad Norfolk Southern Corp’s chief executive said on Wednesday that mergers between major railroads in the United States face too many regulatory hurdles and cause too many problems to be worthwhile at this point. Read More »

NYK Line to participate in PNW West Coast Metro Pool

AJOT | October 22, 2014 | Intermodal | Road

Effective October 20, 2014, NYK Line will be become a member of the PNW West Coast Metro Pool operated by Trac Intermodal. The WCMP operates chassis at all major marine terminals, rail facilities and various depots in Portland, Seattle & Tacoma. Read More »

Mega harvest leaves U.S. farmers battling bugs in storage bins

Reuters | October 22, 2014 | International Trade

With record harvests depressing prices, U.S. farmers are holding tight to their corn and soybeans and binging on chemicals that protect stored grain from critters or even leaving corn standing in fields over winter to avoid storage charges. Read More »

Russia’s Metalloinvest, Novorossiisk to set up iron ore terminal

Reuters | October 22, 2014 | Ports & Terminals | Ports | Dry Bulk Port

Russia’s biggest iron ore producer Metalloinvest will team up with the country’s largest commodity exports operator Novorossiisk Commercial Sea Port (NCSP) Group to set up a terminal on the Black Sea coast, the companies said. Read More »

Brazilian discounting eats into Thai sugar sales to China

Reuters | October 22, 2014 | International Trade

Brazilian raw sugar exporters, sitting on huge stocks as the country’s cane crush winds down, are discounting aggressively and taking advantage of cheap freight to muscle into Thailand’s sales to China. Read More »

Air freight outlook improves, annual growth of 4.1 percent seen

Reuters | October 22, 2014 | Air Cargo

The outlook for air freight demand is improving after several years in the doldrums, the International Air Transport Association said on Wednesday. Read More »

US risks trade sanctions in WTO meat label dispute

Reuters | October 21, 2014 | International Trade

The United States faces potential trade sanctions from Canada and Mexico after the World Trade Organization ruled it had failed to bring its meat labeling regulations fully in line with international fair trading rules. Read More »

US to scrap trade deal on Russian steel duties

Reuters | October 21, 2014 | International Trade

The U.S. Department of Commerce will terminate a 15-year-old deal sheltering Russian flat-rolled steel producers from high import duties, it said in a letter to Russian authorities. Read More »

Daimler to make vans in North America, invest in German plants

Reuters | October 21, 2014 | International Trade

Daimler said it will broaden its production footprint for Mercedes-Benz Sprinter vans by moving some manufacturing to North America and by investing 450 million euros ($572 million) to modernize its German plants. Read More »

China to pitch high-speed trains to California

Reuters | October 21, 2014 | International Trade

State-backed China CNR Corporation is making a pitch to sell its high-speed trains to California, signaling China's growing export ambitions for such technology after building the world's longest network in just seven years. Read More »

Tough US rivalries, China food scandal pound McDonald’s

Reuters | October 21, 2014 | International Trade

McDonald's Corp's - which has not given investors many reasons to sing the fast-food chain's "I'm lovin' it" jingle - aid quarterly profit dropped by nearly one-third and warned that global restaurant sales will fall again in October. Read More »

Kimberly-Clark revenue rises on strong international sales

Reuters | October 21, 2014 | International Trade

Personal care products maker Kimberly-Clark Corp reported a 3.4 percent rise in quarterly revenue, helped by strong sales in international markets such as Brazil, China, South Africa and Vietnam. Read More »

Azevedo asks for ideas as WTO hits a brick wall

Reuters | October 21, 2014 | International Trade

World Trade Organization chief Roberto Azevedo will begin consulting with WTO ambassadors to try to work out how to pick up the pieces after global trade negotiations appeared to suffer a final defeat. Read More »

Swiss exports rise in September, as global demand offsets euro zone slump

Reuters | October 21, 2014 | International Trade

Switzerland's exports rose in September, bouncing back from a drop the previous month, with international demand for its watches and precision instruments offsetting the impact of euro zone stagnation, data showed. Read More »

Russia temporarily bans fruit, vegetable imports from Ukraine

Reuters | October 21, 2014 | International Trade

Russia will impose a temporary ban on fruit and vegetable imports from Ukraine, Russia's agricultural watchdog Rosselkhoznadzor said. Read More »

Cargill says 50,000 tons sugar affected by Brazil fire

Reuters | October 21, 2014 | Ports & Terminals

Approximately 50,000 tons of sugar were stored in a warehouse affected by fire in the Teag terminal in Brazil, Cargill Inc said in a statement. Read More »

CKYHE Alliance reports to regulators for expansion of cooperation scope to US trades

AJOT | October 21, 2014 | Liner Shipping

The CKYHE Alliance (COSCO, "K" LINE, Yang Ming, Hanjin Shipping, and Evergreen Line) has announced that they will expand their cooperation scope to U.S. Trades and CKYHE files an Agreement and reports to related regulators to comply with their regulations.   Read More »

TSA carriers tackle sharply rising costs for low-sulfur fuel

AJOT | October 21, 2014 | Liner Shipping

Asia-U.S. container shipping lines in the Transpacific Stabilization Agreement (TSA), facing an average US$365 per ton low-sulfur fuel price differential at the beginning of 2015 – as environmental rules mandate a shift to cleaner marine gas oil (MGO) within North American coastal waters – have revised their recommended low-sulfur fuel charge to recover the added cost. Read More »

Agility sees revenue rebound on emerging markets

Reuters | October 21, 2014 | Transport Intermediaries

Revenue at Kuwait-listed logistics company Agility is expected to resume growing next year as emerging markets business expands and the company develops new sectors, chief executive Tarek Sultan said. Read More »

CP Rail earnings rise, operating ratio sets fresh record

Reuters | October 21, 2014 | Intermodal | Rail

Canadian Pacific Railway Ltd reported higher third-quarter earnings and revenue as its operating ratio, a key efficiency measure, set a new record. Read More »

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