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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 »

India’s Sun Pharma acquires US-based Pharmalucence

Reuters | July 16, 2014 | International Trade

Sun Pharmaceutical Industries Ltd, India's third-largest generic drugmaker by sales, said it had acquired U.S.-based Pharmalucence Inc, which has sterile injectable capacity and research capabilities. Read More »

Starbucks opens in Colombia, home of Juan Valdez

Reuters | July 16, 2014 | International Trade

Starbucks Corp opened its first shop in Colombia on Wednesday, 43 years after the world's biggest coffee chain first started buying beans from the country famous for its premium arabica coffee named after fictional coffee farmer Juan Valdez. Read More »

EU may impose new Ukraine sanctions, will fall short of US wishes

Reuters | July 16, 2014 | International Trade

European Union leaders, under U.S. pressure to take a tougher stance towards Russia over the Ukraine crisis, could give the go-ahead to new sanctions but they will fall short of the far-reaching economic measures Washington wants. Read More »

Euro zone trade surplus widens in May, exports, imports flat

Reuters | July 16, 2014 | International Trade

The euro zone's trade surplus grew year-on-year in May in a sign net trade made a positive contribution to economic growth in the second quarter, the European Union's Statistics Office data showed. Read More »

India may not back global trade protocol due to food concerns

Reuters | July 16, 2014 | International Trade

India may not support a protocol key to the implementation of a global trade pact unless progress is made in multilateral talks about food stockpiling in developing countries, the trade ministry said. Read More »

South Korea delays lifting ban on beef with feed additive

Reuters | July 16, 2014 | International Trade

South Korea has delayed a move to allow certain levels of the animal feed additive zilpaterol in beef to August from mid-July as it finalizes the policy, a food ministry official said. Read More »

Argentine grains workers threaten to extend strike; others may join

Reuters | July 16, 2014 | Ports & Terminals

Grains inspectors who began a strike in Argentina's pivotal Rosario export hub will extend it for a second day if there is no progress on their demand for higher salaries, a senior union official said. Read More »

Oil train sector has work to settle safety concerns

Reuters | July 16, 2014 | Intermodal

The U.S. refining industry has not agreed to a deal reached by oil producers and railroads on improving the safety of oil tank cars, it said, suggesting a key piece of anticipated reforms remains unsettled. Read More »

Dozens of trains haul volatile Bakken oil to NY weekly

Reuters | July 16, 2014 | Intermodal

As many as 44 trains loaded with volatile Bakken crude oil are being sent through the state of New York each week, according to confidential disclosures made by railroads to state emergency responders, and released to Reuters through a Freedom of Information Law request. Read More »

Obama backs highway fund fix, touts ‘talking’ cars

Reuters | July 16, 2014 | Intermodal

President Barack Obama threw his weight behind a temporary fix for the depleted Highway Trust Fund during an event to tout his administration's work with the private sector to develop cars that communicate using wireless technology. Read More »

US House passes $10.9 billion transportation funding extension

Reuters | July 16, 2014 | Intermodal

The U.S. House of Representatives overwhelmingly passed a $10.9 billion extension of U.S. transportation funding through May 2015, a measure aimed at averting cutbacks in August in federal money for road, bridge and transit projects. Read More »

Asiana signs 10-year maintenance deal with UTC

Reuters | July 16, 2014 | Air Cargo

South Korean carrier Asiana Airlines has expanded its maintenance ties with UTC Aerospace Systems with a 10-year deal involving the evacuation slides aboard the airline's Airbus A380 superjumbos. Read More »

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