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Pantos Logistics Signs MOU with Zhejiang Jiabao Logistics of China

PR Newswire | July 22, 2014 | Transport Intermediaries

Pantos Logistics, a comprehensive logistics service provider operating more than 180 logistics networks around the world, recently signed an MOU with Zhejiang Jiabao Logistics Co., Ltd. as part of a drive to expand its international shipping business in China. Read More »

Enbridge mulls Midwest rail terminal to ease pipeline congestion

Reuters | July 22, 2014 | Energy | Pipeline | Intermodal

Canada’s largest pipeline company Enbridge Inc may build a 140,000 barrel per day unit train unloading terminal in Pontiac, Illinois, to relieve congestion on its crude oil export network. Read More »

U.S. export sales offer latest sign grains could halt slide

Reuters | July 22, 2014 | International Trade

A flurry of grain export sales to China and elsewhere since last week, totaling about 2 million tonnes, is the latest sign U.S. soybean and corn prices may be set to rebound from four-year lows. Read More »

Crowley customers realizing benefits of new FEC ICTF in Port Everglades

AJOT | July 22, 2014 | Intermodal | Liner Shipping | Ports & Terminals

The opening of Florida East Coast Railway’s (FEC) new, state-of-the-art intermodal container transfer facility (ICTF) adjacent to Crowley Maritime Corporation’s Port Everglades, Fla., terminal is providing Crowley customers with more efficient cargo handling and faster deliveries now that containers no longer need to be trucked via interstate highways to and from an off-site rail terminal.  Read More »

ATA truck tonnage index decreased 0.8% in June

AJOT | July 22, 2014 | Intermodal

ATA truck tonnage index decreased 0.8% in June

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index declined 0.8% in June, following a revised 0.9% gain the previous month. In June, the index equaled 128.6 (2000=100) versus 129.6 in May. The index is off 1.9% from the all-time high in November 2013 (131.0). Read More »

CAGTC applauds past and present DOT leadership for its bipartisan call to action

AJOT | July 22, 2014 | Intermodal

Secretary Foxx and 11 former Secretaries of Transportation have released a joint letter to Congress on the need for a long-term, adequately funded federal surface transportation authorization. Read More »

China food scandal spreads, drags in Starbucks, Burger King and McNuggets in Japan

Reuters | July 22, 2014 | International Trade

The latest food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc and others, as well as McDonald's products as far away as Japan. Read More »

Yum, McDonald’s apologize as new China food scandal hits

Reuters | July 22, 2014 | International Trade

Yum Brands Inc and McDonald's Corp are facing a new food safety scare in China, denting the fast-food companies' efforts to shore up reputations and businesses that were hurt by a 2012 safety scandal in one of their biggest markets. Read More »

McDonald’s Japan says it sourced chicken nuggets from Shanghai Husi

Reuters | July 22, 2014 | International Trade

McDonald's Holdings Co (Japan) Ltd said Shanghai Husi Food Co Ltd, which was shut down by local regulators over food safety concerns, had supplied about 20 percent of its Chicken McNuggets and that it had halted sales of the item. Read More »

McDonald’s profit falls on weak US, European sales

Reuters | July 22, 2014 | International Trade

Quarterly profit at McDonald's Corp fell more than expected after established restaurants in its struggling U.S. division turned in a third straight quarterly sales decline and results from Europe also logged a surprise drop. Read More »

United Tech posts 8% profit rise, gives rosier outlook

Reuters | July 22, 2014 | International Trade

United Technologies Corp posted an 8 percent increase in quarterly profit, topping estimates, as sales of its elevators and aircraft parts helped offset a sluggish performance in its Pratt & Whitney engine business. Read More »

Starbucks China says sold products containing chicken from troubled meat supplier

Reuters | July 22, 2014 | International Trade

U.S. coffee giant Starbucks said that some of its stores previously sold products containing chicken originally sourced from Shanghai Husi Food Co Ltd, a firm that was shut down by local regulators over food safety concerns. Read More »

US congressman raps Boeing, trade group on Ex-Im bank

Reuters | July 22, 2014 | International Trade

A Republican House committee chairman scolded Boeing Co and a large U.S. trade group on Monday for lobbying to keep the Export-Import Bank alive, saying their efforts amounted to petitioning for "special privilege." Read More »

China’s Xiaomi hopes Mi 4 smartphone can take on Apple

Reuters | July 22, 2014 | International Trade

Xiaomi launched its flagship Mi 4 smartphone at a glitzy event in Beijing, where the Chinese budget handset maker's chief executive sought to challenge larger U.S. rival Apple Inc. Read More »

Taiwan June export order growth fastest in 1-1/2 years on strong tech sales

Reuters | July 22, 2014 | International Trade

Taiwan's export orders in June grew at their fastest pace in 1-1/2 years, beating expectations, as its manufacturers rushed to fill orders for new smartphones from Apple Inc and others. Read More »

Swiss exports rise in June, but demand from Europe softens

Reuters | July 22, 2014 | International Trade

Switzerland's exports rose in June, partly due to an increase in sales of chemical and pharmaceutical products, the largest export category, data from the Federal Customs Office showed. Read More »

Poland to challenge EU ban on menthol cigarettes

Reuters | July 22, 2014 | International Trade

Poland will appeal to Europe's top court over a European Union ban on flavored tobacco products, saying it will be unfairly affected as one of the region's biggest consumers and producers of menthol cigarettes. Read More »

APM Terminals to sell container terminal in Virginia

Reuters | July 22, 2014 | Ports & Terminals

Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said it would sell a big U.S. container terminal to infrastructure investor Alinda Capital Partners and a British private pension fund. Read More »

Timing “tough” for $4.5 billion Thai-Mozambique coal rail-port project

Reuters | July 22, 2014 | Ports & Terminals

A Thai-Mozambican consortium has set a 2018 target to commission a $4.5 billion coal export railway and port terminal project in central Mozambique, but the depressed global coal prices outlook made the timing "tough", the company's president said. Read More »

Maine port city bans oil loading as Canada seeks export options

Reuters | July 22, 2014 | Energy | Maritime | Ports & Terminals

City councilors in South Portland, Maine, voted late Monday night to ban the loading of crude oil onto tankers along its waterfront, throwing up yet another roadblock to the export of Canadian oil sands crude and setting up a showdown with industry which called the process illegal. Read More »

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