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Wilbur Ross mulls rail investments

AJOT | May 18, 2010 | Intermodal

Billionaire investor Wilbur Ross said his private equity firm was considering investments in rail cars, real estate and casinos.

Ross' private equity firm WL Ross & Co bought into railroad equipment supplier Greenbrier Cos in 2009, and the tw Read More »

YRC Worldwide receives Kaizen Challenge Award from Toyota NAPO

AJOT | May 18, 2010 | Intermodal

YRC Worldwide Inc.. announced that it has been awarded the Kaizen Challenge Award from the Toyota North American Parts Organization (NAPO) for continuous improvement for the third consecutive year. Toyota Read More »

Southeastern Freight Lines Earns LTL Carrier of the Year Award from Rheem Water Heating Division

AJOT | May 18, 2010 | Intermodal

Southeastern Freight Lines, a regional less-than-truckload (LTL) transportation services provider, has received the 2009 LTL Carrier of the Year award by Rheem Water Heating Division for high-quality service.

Southeastern has also received Rh Read More »

NASSTRAC recognizes Duncan with Lifetime Achievement Award

AJOT | May 18, 2010 | Intermodal

NASSTRAC recently recognized Doug Duncan, founding president and CEO of FedEx Freight, with the Lifetime Achievement Award. The award recognizes industry leaders who have achieved significant accomplishments on behalf of the industry through their leaders Read More »

Pakistani spinning mills shut in export duty protest

AJOT | May 18, 2010 | International Trade

Nearly all of Pakistan's 400 textile spinning mills shut down to protest against the imposition of a 15 percent regulatory duty on exports of all types of cotton yarn, millers said.

Pakistan is the world's fourth biggest cotton producer but o Read More »

Geithner says China yuan rise a global issue

AJOT | May 18, 2010 | International Trade

Persuading Beijing to let its yuan currency rise in value is not simply an issue for the United States but one that should interest the whole world, U.S. Treasury Secretary Timothy Geithner said.

"When they began this process before, what the Read More »

WTO to rule on China complaint over EU shoe imports

AJOT | May 18, 2010 | International Trade

The World Trade Organization (WTO) will rule on a dispute between China and the European Union over shoe imports which has pitched European producers against consumer groups and companies with operations in China. Read More »

USTR Kirk to press China on piracy, innovation

AJOT | May 18, 2010 | International Trade

The United States will use economic talks next week with China to focus on intellectual property rights protection and China's "indigenous innovation" industrial policy which discriminates against foreign firms, U.S. Trade representative Ron Kirk said. Read More »

WTO brokers trade finance talks for banks, regulators

AJOT | May 18, 2010 | International Trade

Banking regulators and commercial banks have started to discuss ways of ensuring that regulation does not hamper trade finance -- the lifeblood of global commerce -- as the sector shows an uneven recovery.

A meeting hosted by the World Trade Read More »

Mercosur trade deal will hurt EU farmers

AJOT | May 18, 2010 | International Trade

A trade deal mooted by European Union leaders with South America's Mercosur bloc will boost Europe's exports of goods and services but will squeeze many of its farmers out of business, a major Spanish farm union said.

The EU is expected to re Read More »

China should buy US goods to fix imbalance

AJOT | May 18, 2010 | International Trade

U.S. Secretary of Commerce Gary Locke urged China to purchase more American goods to help reduce a huge trade imbalance that has caused friction in U.S.-Sino ties.

"Obviously the trade deficit needs to come down," Locke told Reuters in an int Read More »

Europe, Central American states reach trade deal

AJOT | May 18, 2010 | International Trade

The European Union and Central American states reached an agreement to liberalize trade and cut import tariffs, giving total market access to industrial products on both sides.

The European Commission, the EU's executive in charge of the 27-n Read More »

The EU’s new import control system ’ creating supply chain chaos

AJOT | May 18, 2010 | International Trade

Every time you turn around, it seems there's a new regulatory requirement. Governments around the world are updating customs codes, modernizing and introducing technology processes, and changing classifications - all in the name of streamlining revenue co Read More »

US Air CEO supports United/Continental merger

AJOT | May 18, 2010 | Air Cargo

US Airways Group Inc does not need to merge to survive and supports the proposed deal between Continental Airlines Inc and United Airlines, US Airways CEO Doug Parker said. Read More »

US will take ‘time that is necessary’ on air merger

AJOT | May 18, 2010 | Air Cargo

The Obama administration will conduct a vigorous antitrust review of the proposed merger of United Airlines and Continental Airlines but will not take longer than necessary, U.S. Attorney General Eric Holder.

Holder also told concerned lawmak Read More »

UPS sees strong Asia growth in Q2, to add aircraft

AJOT | May 18, 2010 | Air Cargo

United Parcel Service, the world's largest package delivery service, said it expected strong growth in the second quarter in its Asia business amid an improving regional economy.

UPS's Asia volume grew more than 20 percent in the first quarte Read More »

Airlines sue to block union vote rule change

AJOT | May 18, 2010 | Air Cargo

U.S. airlines sued federal regulators on Monday to stop enforcement of a landmark change in labor law that could make it easier for unions to organize at rail and air carriers.

The lawsuit, filed in federal court in Washington, D.C., by the A Read More »

South American Airways appoints 4 EGSAC members

AJOT | May 18, 2010 | Air Cargo

South American Airways has appointed four members of independent GSSA group EGSAC as its representatives for Scandinavia and Finland.

South American Airways is a 'virtual' airline, providing bellyhold and freighter capacity to 76 destinations Read More »

Emirates and DHL form strategic partnership in aviation security


AJOT | May 18, 2010 | Air Cargo

Emirates and DHL have signed a Memorandum of Understanding (MOU) to establish a strategic security partnership to enhance air cargo security in the region. Through this partnership, Emirates Group Security and DHL Express will strengthen their collaborati Read More »

APL joins INTTRA e-commerce platform

AJOT | May 18, 2010 | Liner Shipping

INTTRA announced that container shipping line, APL has joined the INTTRA e-commerce portal.

The INTTRA network consists of electronic links with over 30 leading ocean carriers and more than 50,000 active network connections with shippers to s Read More »

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