Egypt says wheat cargoes to take less time to offload

Reuters | June 24, 2015 | Ports & Terminals | Ports | Dry Bulk Port

Egypt’s supply minister said on Wednesday a plan was being studied to cut the offloading period for wheat cargoes in ports from the current 12 days to five or six days in an effort to save on fees paid in foreign currency. Read More »

European shares slide after Greece says lenders reject debt proposals

Reuters | June 24, 2015 | International Trade

European shares fell sharply into negative territory on Monday, after Greece said international lenders had rejected its latest proposals to end a stand-off over debt and avoid default. Read More »

Eurotunnel says Channel tunnel traffic and shipping resumes after strike

Reuters | June 24, 2015 | Ports & Terminals | Ports

EUROTUNNEL-STRIKE/:Eurotunnel says Channel tunnel traffic resumes after strike Read More »

U.S. West Coast refiners snap up Russian crude cargoes

Reuters | June 24, 2015 | Energy | Refinery

Refiners on the U.S. West Coast and Hawaii have stepped up purchases of Russian crude, taking advantage of a narrow gap between U.S. and global prices as they look to guard against a seasonal shortage of Alaskan supply, trade and industry sources said. Read More »

Peru agrees to study Pacific outlet for Bolivian natgas exports

Reuters | June 23, 2015 | Energy

The presidents of Peru and Bolivia agreed Tuesday to study a project that would allow landlocked Bolivia to ship its natural gas, a key export, to Asia from Peru’s Pacific coast. Read More »

Port of Houston Authority Container Terminal Cargo Up 23 Percent

GlobeNewswire | June 23, 2015 | Ports & Terminals | Ports | Container Port

Building on a record year, during the first five months of 2015, the Port of Houston Authority handled more than 16 million tons of cargo, an increase of 9 percent compared to the same period last year. Additionally, activity at the Bayport and Barbours Cut terminals continues to grow at an accelerated pace, with loaded container units increasing 23 percent versus May 2014. Read More »

Exxon suspends drilling from 3 platforms off Santa Barbara, California

Reuters | June 23, 2015 | Energy | Intermodal | Road

Exxon Mobil Corp has suspended offshore production from three drilling platforms along the Santa Barbara, California, coastline following last month’s rupture of a pipeline that carries crude oil away to refineries, the company said on Tuesday. Read More »

Retailers call Senate trade vote ‘Necessary step toward free and open global economy’

AJOT | June 23, 2015 | International Trade

global economy’ The National Retail Federation issued the following statement from Senior Vice President for Government Relations David French on the Senate’s procedural vote today on Trade Promotion Authority: Read More »

CAGTC applauds DRIVE Act’s creation of freight program, call for freight investment

AJOT | June 23, 2015 | Intermodal | Road

The Senate Environment and Public Works Committee (EPW Committee) has introduced a six-year surface transportation reauthorization proposal that would create a funded freight investment program.  Read More »

ATA Truck Tonnage Index rose 1.1% in May

AJOT | June 23, 2015 | Intermodal | Road

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 1.1% in May, following a revised loss of 1.4% during April. In May, the index equaled 132.1 (2000=100). The all-time high is 135.8, reached in January 2015. Read More »

Key Democratic senators back plan for US trade legislation

AJOT | June 23, 2015 | International Trade

The U.S. Senate is headed toward showdown votes this week on legislation key to a Pacific trade pact, with some Democrats essential to passing the measure vowing to support it again and others undecided on whether to change their votes to oppose the bill. Read More »

US and EU face ‘heavy lift’ to get trade deal

AJOT | June 23, 2015 | International Trade

The United States and the European Union face a major challenge to achieve a free trade deal before President Barack Obama's term of office ends in January 2017, the EU's ambassador to the United States said. Read More »

US, India discuss intellectual property concerns

AJOT | June 23, 2015 | International Trade

Indian Finance Minister Arun Jaitley said on Saturday that senior Obama administration officials had raised U.S. concerns with him about India’s handling of intellectual property rights during his U.S. visit this week. Read More »

US trade negotiator poised to close on Pacific trade pact

AJOT | June 23, 2015 | International Trade

The chief U.S. agricultural negotiator says she is just a few phone calls and meetings away from wrapping up loose ends with her counterparts for a massive Pacific trade deal. Read More »

Asia’s exporters struggle to cope with a changing global economy

AJOT | June 23, 2015 | International Trade

In the good old decades, many Asian governments could stick to a simple economic strategy - ramp up exports, and reap solid growth rates. Read More »

China pushes 21st century Silk Road, bets on Modi to sign up

AJOT | June 23, 2015 | International Trade

The centre of China’s three-decade manufacturing boom, Guangdong, sits on the South China Sea, barely an hour from Hong Kong port. It is also the starting point of China’s Maritime Silk Road, a grand plan to recreate the ancient trading route linking Asia to Europe in which it wants India to sign up. Read More »

Brazil’s current account gap narrows on positive trade

AJOT | June 23, 2015 | International Trade

Brazil's current account deficit narrowed in May to half its level in the previous month due to a rising trade surplus, boosted by dwindling demand for imports and a weaker local currency. Read More »

US court dismisses challenge to California oil train law

AJOT | June 23, 2015 | Intermodal | Rail

A federal court has thrown out a lawsuit challenging a California state law requiring spill response plans and other safety measures for trains transporting crude oil, ruling that the matter was not yet “ripe” for review. Read More »

South Africa’s Transnet agrees $230 million loan to build trains

AJOT | June 23, 2015 | Intermodal | Rail

South African state-owned transport group Transnet will borrow 2.8 billion rand ($230 million) from Germany's KfW Development Bank to help fund the country's biggest ever locomotive acquisition, the state news agency. Read More »

Canada files charges in 2013 Lac-Megantic oil train crash

AJOT | June 23, 2015 | Intermodal | Rail

The Canadian government on Monday charged the Montreal Maine & Atlantic Canada Railway Ltd, its affiliate and eight people with violating federal railway safety and environmental laws in connection with a 2013 oil train crash that killed 47 people and flattened the heart of the Quebec village of Lac-Megantic. Read More »