Well placed, Port of Albany strives to be regional economic engine - by Matt Miller

On March 19th, the Port of Albany put into service a $4.5 million, 144-tons Liebherr crane. Any day now, weather permitting, a construction company will begin to barge aggregates from a new wharf on the Rensselaer side of the Hudson River, just opposite Albany. And, port officials are keeping their fingers

Trade Promotion Authority critical to advancing international trade agreements

Reuters | April 16, 2015 | International Trade

The National Retail Federation has called on Congress to renew its commitment to international trade by approving legislation that would reauthorize Trade Promotion Authority (TPA), saying such authority is critical to advancing free trade agreements. Read More »

US trade chief says fast-track would move trade deals forward

Reuters | April 16, 2015 | International Trade

U.S. Trade Representative Michael Froman said getting authority to move trade deals through Congress quickly would allow the Obama administration to move trade agreements forward. Read More »

US senators agree on path to fast-track trade bill

Reuters | April 16, 2015 | International Trade

U.S. senators said they could present a bipartisan bill to move trade deals quickly through Congress as soon as later in the day after reaching agreement on aid for workers hurt by trade. Read More »

US to keep engaging China on Asian infrastructure bank

Reuters | April 16, 2015 | International Trade

The United States will further engage China to encourage a Beijing-led development bank to embrace high governance standards, a U.S. official said. Read More »

Don’t look for slowing growth to push China toward the West

Reuters | April 16, 2015 | International Trade

China’s gross domestic product growth has slowed to 7 percent, it was announced this week. That’s somewhat anaemic when compared to what the world has come to expect from the second-largest economy. Read More »

Whirlpool plans 500 million euro Italy investment, 1,350 job cuts

Reuters | April 16, 2015 | International Trade

U.S. white goods group Whirlpool announced it would invest 500 million euros ($535.25 million) over four years in Italy as part of a restructuring plan that would see 1,350 redundancies. Read More »

McDonald’s Japan sees wider losses this year, plans restructuring

Reuters | April 16, 2015 | International Trade

The Japanese unit of McDonald's Corp forecast deeper losses this year and said it would renovate 2,000 stores while closing underperforming outlets, as it struggles to bring back customers after a series of food safety scandals. Read More »

China exporters expect more pain as economy sputters

Reuters | April 16, 2015 | International Trade

More than half of China's exporters expect a trade slowdown to last at least six months as production costs climb and European demand weakens, according to a Reuters survey at the country's biggest trade fair. Read More »

Australia chases India trade deal as China slows, iron ore tumbles

Reuters | April 16, 2015 | International Trade

Slowing growth in top trade partner China and plunging prices for iron ore and coal are adding impetus to Australian efforts to secure a free trade deal with India by the end of the year. Read More »

India may take WTO action against EU over drug clinical trials

Reuters | April 16, 2015 | International Trade

India may go to the World Trade Organisation (WTO) if the European Union does not reconsider a decision to suspend the sale of about 700 generic drugs that were approved based on clinical trials by GVK Biosciences Pvt Ltd, the firm's CEO said. Read More »

Euro zone surplus widens but trade with Russia plummets

Reuters | April 16, 2015 | International Trade

An increase in exports and stable imports helped the euro zone widen its trade surplus in February, although by slightly less than expected, as a weaker euro helped soften the continued fall in sales to Russia. Read More »

SABMiller lager sales boosted by Easter, China recovery

Reuters | April 16, 2015 | International Trade

SABMiller Plc, brewer of Miller Lite, Peroni and Grolsch, sold more lager in the fourth quarter as demand rose in many emerging markets ahead of the Easter holiday and sales in China recovered from an inclement summer. Read More »

Cargo ships stuck off Yemen as fighting worsens food supply

Reuters | April 16, 2015 | Ports & Terminals

At least five merchant vessels carrying food are stuck off Yemen, shipping data showed, as warships from a Saudi-led coalition search them for weapons bound for Iran-allied Houthi rebel forces, with delays adding to a humanitarian crisis. Read More »

Cheap oil, strong dollar pose challenges for US railroads

Reuters | April 16, 2015 | Intermodal | Rail

Low oil prices and the strong U.S. dollar made for a somewhat painful first quarter for major U.S. railroads CSX Corp and Norfolk Southern Corp, and may continue to weigh on their profits. Read More »

CN Rail, beset by derailments, to upgrade Western Canada network

Reuters | April 16, 2015 | Intermodal | Rail

Canadian National Railway Co , hit by a recent string of derailments, will spend C$500 million ($412 million) to upgrade its feeder network in Western Canada to improve safety and boost capacity, the railway said. Read More »

German union threatens Amazon with long fight over wages

Reuters | April 16, 2015 | Intermodal | Road

German labor union Verdi is prepared for a long fight with U.S. online retailer Amazon.com Inc for better pay and conditions and expects more strikes this Christmas. Read More »

The jumbo jet faces a make or break year at Boeing, Airbus

Reuters | April 16, 2015 | Air Cargo | International Trade

The jumbo jet, for many years the workhorse of modern air travel, could be close to running out of runway. Read More »

IAG’s British Airways quits European trade body over policy differences

Reuters | April 16, 2015 | Air Cargo

International Airlines Group (IAG) said its subsidiaries British Airways and Iberia had quit a European airline trade group after disagreeing with the policy of other members toward competition in the skies. Read More »

Images show China building airstrip on contested reef

Reuters | April 16, 2015 | Air Cargo

Recent satellite images show China has begun building its first airstrip in contested territory in the Spratly Islands in the South China Sea and may be working on another, a leading defense publication reported. Read More »

IATA renews VOLGA-DNEPR Airlines’ operational safety certificate for fifth consecutive time

AJOT | April 16, 2015 | Air Cargo

Volga-Dnepr Airlines, the world’s largest carrier of unique, outsize and heavyweight air cargo, has successfully renewed its IATA Operational Safety Audit (IOSA) certificate for the fifth time. Read More »