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China approves $24.5 billion in rail and airport projects

Reuters | October 22, 2014 | Air Cargo | Intermodal | Rail

China's economy grew at its slowest pace since the global financial crisis in the September quarter, adding to worries that it will drag on global growth. Read More »

Norfolk Southern posts higher profit but falls short of forecasts

Reuters | October 22, 2014 | Intermodal | Rail

No. 4 U.S. railroad Norfolk Southern Corp reported a higher quarterly profit on Wednesday with revenues rising in all commodity groups, but fell short of analyst expectations. Read More »

Halliburton, Baker Hughes buy more sand, railcars as demand piles up

Reuters | October 22, 2014 | Energy | Rail and Road

As fracking accelerates in North American shale fields, oilfield services providers Halliburton Co and Baker Hughes Inc are stockpiling sand to protect themselves against rising costs and are buying more railcars to transport the haul. Read More »

CEVA invests $20 million in UK ground transport fleet

AJOT | October 22, 2014 | Transport Intermediaries

CEVA Logistics, one of the world's leading supply chain management companies, is delighted to announce a major fleet investment program within the UK. Read More »

DACHSER expands in Belgium

AJOT | October 22, 2014 | Transport Intermediaries

International logistics provider DACHSER is growing to meet demand in the Benelux region with the development of a new logistics center in Belgium. Read More »

Air freight outlook improves, annual growth of 4.1% 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. Read More »

IAG Cargo enhances preminium freight handling facility

AJOT | October 22, 2014 | Air Cargo

IAG Cargo has announced that it has completed a number of significant infrastructure upgrades to Premia, its London Heathrow-based premium freight handling facility. Customers using relevant IAG Cargo premium products, including Constant Climate and Prioritise, will benefit from an even higher standard of customer service, helping to ensure that shipments get to their markets on time and in perfect condition. Read More »

BBC Chartering with dedicated project terminal in Houston

AJOT | October 22, 2014 | Breakbulk & Projects | Projects | Ports & Terminals | Ports

The global project carrier BBC Chartering is pleased to announce that Manchester Terminal in the Port of Houston is the carrier’s new dedicated hub in North America. Managed through Gulfstream Marine, BBC vessels and their customers can now enjoy priority berthing and 24/7 serviceability in the Port of Houston. Read More »

U.S. crude stocks jump for second week as refiners, imports ebb

Reuters | October 22, 2014 | Energy

U.S. crude stocks surged far more than expected for a second week in a row as refineries cut output and imports slipped, while fuel inventories were mixed, data from the Energy Information Administration showed on Wednesday. Read More »

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 »

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