Argentina’s import curbs threaten to bite back

AJOT | July 25, 2010 | International Trade

Argentina is risking retaliation from its main trading partners -- Brazil, China and the European Union -- for restricting imports at a time when sales of Argentine goods abroad are booming.

The South American nation, which saw exports rise 2 Read More »

WTO to rule on U.S. clove cigarette ban

AJOT | July 25, 2010 | International Trade

The World Trade Organisation is to rule on a dispute between Indonesia and the United States over a U.S. ban on clove-flavoured cigarettes, trade sources said.

Indonesia says the United States is abusing health regulations to shut out clove c Read More »

Argentina economy gets boost from Brazil’s rebound

AJOT | July 25, 2010 | International Trade

Brazilians are better known for downing cold beers than Argentina's fine wines, but a brisk recovery in the neighboring economic powerhouse is proving a boon for winemakers and car manufacturers alike.

Brazil's healthy economic rebound and gr Read More »

India industry must engage more in trade talks

AJOT | July 25, 2010 | International Trade

Key Indian industrial sectors have yet to respond to the government on how tariff cuts proposed at global trade talks would affect them, weakening negotiators' chances of success, the trade secretary said.

Rahul Khullar said he had repeatedly Read More »

Swiss trade surplus widens in June despite franc jump

AJOT | July 25, 2010 | International Trade

Swiss exports rose by a real 12 percent in June, helped by healthy demand from Asia and the Americas and defying a rally in the Swiss franc against the euro.

Exports from Switzerland rose to 17.2 billion francs ($16.37 billion), the Federal C Read More »

Global trade to expand over 10 pct in 2010

AJOT | July 25, 2010 | International Trade

Global trade, in volume terms, is expected to grow more than 10 percent this year, Pascal Lamy, director-general of the World Trade Organisation, said.

The forecast is up from an estimate of 9.5 percent in March. Read More »

EU to review duties on Chinese hand pallet trucks

AJOT | July 25, 2010 | International Trade

The European Union said it will review expiring tariffs on Chinese hand pallet trucks after a request to extend them from European producers.

Production of the hand-operated trucks, used to move heavy loads, is a niche sector worth about 125 Read More »

Forward Air Q2 profit beats Street, sees strong Q3

AJOT | July 25, 2010 | Air Cargo

Air cargo company Forward Air Corp's posted quarterly income that beat market estimates, helped by higher volumes, and forecast third-quarter earnings above view. For the second quarter, the company earned $7.9 million, or 27 cents per share, compared wit Read More »

UAL profit beats expectations

AJOT | July 25, 2010 | Air Cargo

United Airlines parent UAL Corp reported its first quarterly operating profit since 2007, boosted by a 26.2 percent jump in passenger revenue and lower-than-expected costs.

"Compared to our model, cargo and regional revenue were stronger and Read More »

TSA screening is an essential part of air screening mandate

AJOT | July 25, 2010 | Air Cargo

Last month, I testified in the U.S. Congress before the House Homeland Security Committee on the Transportation Security Administration (TSA) implementation of a 100% screening mandate, which will become effective in just a few weeks. The Hearing, chaired Read More »

CMA CGM Group optimizes its Columbus Service linking Asia and North America

AJOT | July 25, 2010 | Liner Shipping

The CMA CGM Group announced the inaugural call in Seattle of the CMA CGM RABELAIS, 6,500-TEU containership.

The vessel is operated on the Columbus loop, a pendulum service linking Japan, China and South East Asia to the United States E Read More »

Sea Star settles class action in Puerto Rico

AJOT | July 25, 2010 | Liner Shipping

Sea Star Line, LLC reported that it has entered into a settlement agreement with the direct purchaser plaintiffs in class action antitrust litigation pending in Puerto Rico. Read More »

FESCO celebrates 130th anniversary

AJOT | July 25, 2010 | Liner Shipping

FESCO (Far Eastern Shipping Company), Russia's largest private intermodal transportation provider, announced that it will celebrate its 130th anniversary this month. Read More »

NOL Group orders new container ships

AJOT | July 25, 2010 | Liner Shipping

Global shipping and logistics company NOL Group announced an order for 10 new 8,400-TEU (twenty-foot-equivalent unit) container ships to be delivered in 2013 and 2014. It has also signed a letter of intent for two 10,700-TEU vessels. The total considera Read More »

Thoresen Thai studies logistics, energy buys

AJOT | July 19, 2010 | Breakbulk & Projects

Thoresen Thai Agencies , Thailand's top dry bulk shipper, said it was looking to expand abroad into logistics and energy businesses as part of a diversification to protect profits when freight rates fall.

The company's earnings fell sharply l Read More »

Lowe’s among shippers leading expansion of clean trucks effort

AJOT | July 19, 2010 | Ports & Terminals

As the Coalition for Responsible Transportation expands to East Coast ports its efforts to enhance fuel efficiency of drayage trucks, home improvement retailer Lowe’s Companies Inc. is giving a new meaning to its catchphrase of “Let’s build something toge Read More »

APM Terminals sees major opportunity in India

AJOT | July 19, 2010 | Ports & Terminals

APM Terminals CEO, Kim Fejfer, met with Minister of Shipping G. K. Vasan and other government officials to discuss existing and new terminal and port development projects in one of the world’s fastest-growing economies. He was in India to review progress Read More »

PHA, Maersk to receive $1.5 million EPA grant to help vessels reduce emission

AJOT | July 19, 2010 | Ports & Terminals

The Port of Houston Authority and Maersk Line, which partnered with the U.S. Environmental Protection Agency (EPA) on the first-ever low-sulfur “fuel switch” demonstration on a container ship in the Gulf of Mexico last November, have been selected to rece Read More »

Namibia invests to be a key regional export route

AJOT | July 19, 2010 | Ports & Terminals

Namibia plans to invest more than $1 billion over the next decade in transport routes linking southern Africa with its Walvis Bay port to give mineral producers in the region a viable export route, an WBCG official said.

Coal producers in Sou Read More »

JB Hunt Q2 results beat Street view

AJOT | July 19, 2010 | Intermodal

J.B. Hunt Transport Services Inc , a freight transport company, posted better-than-expected quarterly results, helped by a jump in revenue at its intermodal segment as demand for transportation services grew. Read More »