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CSX sees economy moving in ‘positive direction’

AJOT | April 18, 2010 | Intermodal

The chairman of U.S. railroad operator CSX Corp said that the economy appears to be moving in a "positive direction" and that its major markets should grow this year.

The comments from CSX Chairman Michael Ward come a day after the company re Read More »

Africa left in cold by US-Brazil cotton deal

AJOT | April 18, 2010 | International Trade

A deal between Brazil and the United States to sort out their dispute over cotton leaves African producers in the cold, and their best hope is a global trade agreement in the stalled Doha round, according to a study.

The study assesses the ga Read More »

Brazil cautions no cotton deal yet with U.S.

AJOT | April 18, 2010 | International Trade

Brazilian authorities cautioned that negotiations with the United States to solve a long-standing dispute over U.S. cotton aid were only at a preliminary stage and that a deal was not certain. Read More »

Trade group sees Brazil 2010 trade surplus doubling

AJOT | April 18, 2010 | International Trade

A key foreign trade foundation in Brazil has doubled its forecast for the country's trade surplus this year because of a surge in iron ore prices, the foundation's chief economist told Reuters. Read More »

Brazil, Florida mull joint orange juice promotion

AJOT | April 18, 2010 | International Trade

Brazil and Florida, The world's top two exporters of orange juice who have sometimes clashed as rivals, are discussing a joint global advertising program to promote juice sales, a Florida Department of Citrus official said.

"We have very good Read More »

China revaluation would hurt US

AJOT | April 18, 2010 | International Trade

Extensive outsourcing by U.S. industry means that a revaluation of the Chinese yuan sought by many U.S. politicians would destroy U.S. jobs, a study by independent economists and other experts said.

The study, published by the Centre for Econ Read More »

Indonesia takes US to WTO over clove cigarette ban

AJOT | April 18, 2010 | International Trade

Indonesia is launching a formal dispute at the World Trade Organization (WTO) against the United States over a U.S. ban on clove-flavoured cigarettes, an official at Indonesia's WTO mission said. Read More »

Singapore March exports show trade recovery

AJOT | April 18, 2010 | International Trade

Singapore's non-oil domestic exports climbed 26.6 percent in February from a year earlier, above expectations as electronic shipments jumped and exports to all its main trading partners saw double-digit rises. Read More »

No decision on Russia sugar tariff

AJOT | April 18, 2010 | International Trade

The Commission of the Customs Union of Russia, Belarus and Kazakhstan said it had taken no decision on new ways to calculate a raw sugar import tariff, the rate of which will determine the volume of imports. Read More »

Russia says to keep tariffs high until WTO entry

AJOT | April 18, 2010 | International Trade

Russia intends to keep trade tariffs high until its accession to the World Trade Organization is complete, possibly by the end of 2010, First Deputy Prime Minister Igor Shuvalov said. Read More »

US, Vietnam eye free trade

AJOT | April 18, 2010 | International Trade

Vietnamese Prime Minister Nguyen Tan Dung said his country was eager to take the next step in expanding trade with the United States by concluding a regional free trade pact.

"I (also) want the U.S. to become the top foreign investor in Vietn Read More »

Global crisis to hurt trade for up to 2 years

AJOT | April 18, 2010 | International Trade

Global trade will face lingering protectionism for up to two years, as the job market reels from the global financial crisis, World Trade Organization Director-General Pascal Lamy said. Read More »

Imports of risky goods in EU hit record in 2009

AJOT | April 18, 2010 | International Trade

The number of dangerous consumer products entering the European Union, including toys and clothes, rose to a record level in 2009 and 60 percent of them came from China, the bloc said.

A report by the executive European Commission's rapid ale Read More »

Airline mergers would dwarf solo-flyer Continental

AJOT | April 18, 2010 | Air Cargo

A merger between United Airlines and US Airways would leave Continental Airlines in a tough spot, facing what some analysts called bleak prospects of flying solo among far-larger rivals.

If United, a unit of UAL Corp, and US Airways merged, t Read More »

Airline consolidation no silver bullet says AMR CEO

AJOT | April 18, 2010 | Air Cargo

Consolidation is no "silver bullet" for what ails the airline industry, but mergers are inevitable and the business would benefit from a smaller number of carriers, the chief executive of American Airlines parent AMR Corp.

Speaking at a media Read More »

Leisure Cargo Spain focuses on USA for new Air Europa flights

AJOT | April 18, 2010 | Air Cargo

Air Europa, Spain's second largest carrier, has started four-times-weekly flights from Madrid to Miami, with connections to several destinations in the USA, Central America and the Caribbean.

The new service, employing A330-200 aircraft with Read More »

Air France-KLM March cargo increases 2.1 pct

AJOT | April 18, 2010 | Air Cargo

Air France-KLM cargo, which closely tracks trends in the economy, saw a 2.1 percent rise in traffic on 11.8 percent lower capacity.

The load factor -- or proportion of available space sold in passenger jet cargo holds and dedicated freighters Read More »

China Southern sees better 2010, gains from yuan rise

AJOT | April 18, 2010 | Air Cargo

China Southern Airlines, the country's top carrier by fleet size, sees double-digit growth in passenger and cargo volumes this year and will benefit from a rising Chinese yuan, senior executives said.

"The market this year is definitely bette Read More »

Korean Air profit soars; sees record earnings in Q3

AJOT | April 18, 2010 | Air Cargo

Korean Air Co. expected to beat its 2010 profit target on growing shipments of technology products, increased transit passenger numbers and plans to boost international routes.

The top airliner in South Korea predicted its July-September prof Read More »

Labor strife clouds possible USAir/United merger

AJOT | April 18, 2010 | Air Cargo

Dissatisfied pilots and other workers would be the biggest obstacle to the success of any merger that may follow talks between United Airlines, a unit of UAL Corp. and US Airways.

Labor and industry analysts and other experts are scratching Read More »

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