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CN reports bigger profit, revises 2010 forecast

AJOT | July 25, 2010 | Intermodal

Canadian National Railway reported a 38 percent jump in quarterly profit and raised its full-year forecast based on its strong results over the last six months and expectation that the economy will continue to recover.

CN, Canada's biggest ra Read More »

India may miss key infrastructure targets

AJOT | July 25, 2010 | Intermodal

Bureaucratic hurdles may cause India's government to miss 2012 investment targets in key sectors such as roads, railways and ports, potentially crimping economic growth, an adviser to the planning commission said.

Slow progress to overhaul In Read More »

Arkansas Best cautious on recovery

AJOT | July 25, 2010 | Intermodal

U.S. trucking company Arkansas Best Corp posted a narrower-than-expected quarterly loss, but said it remains cautious on the economic recovery in the second half of the year.

"Economic recovery appears to be tenuous and there's uncertainty ab Read More »

Union Pacific posts record results

AJOT | July 25, 2010 | Intermodal

Union Pacific Corp, the No. 1 U.S. railroad, reported record quarterl, topping Wall Street expectations, as business volumes and freight revenue surged amid an improving economy.

Union Pacific Chairman Jim Young said the pace of the economic Read More »

US freight companies post strong results as pricing improves

AJOT | July 25, 2010 | Intermodal

U.S. freight companies reported higher second-quarter profits and said pricing was improving steadily, indicating strong growth for the rest of the year.

They also plan to add capacity in the second half of 2010 as the freight market thaws af Read More »

U.N. urged to probe U.S. trade stance on generic drugs

AJOT | July 25, 2010 | International Trade

AIDS groups accused the United States of violating the health rights of millions of poor people around the world through trade policies that make it harder for them to get life-saving drugs.

A coalition that includes Health Gap, the Foundatio Read More »

US business groups urge Pelosi not push China bill

AJOT | July 25, 2010 | International Trade

A coalition of U.S. business groups urged House of Representatives Speaker Nancy Pelosi not to include China currency legislation in a broad package of legislation aimed at helping U.S. manufacturers. Read More »

Canada sees steep trade rise after EU trade deal

AJOT | July 25, 2010 | International Trade

Canada expects trade with European Union to rise by some 20 percent in the five years after a trade deal between Canada and the EU is enforced, Canada's trade minister said. Read More »

Protectionism barely affected trade

AJOT | July 25, 2010 | International Trade

Protectionist measures taken by different countries during the financial crisis had little overall impact on trade, a World Bank economist said. Read More »

China downcast on exports as EU debt woes bite

AJOT | July 25, 2010 | International Trade

China sounded a gloomy note about its export prospects, warning in particular that belt-tightening by deeply indebted European Union governments would dampen demand for the country's goods.

Calling the trade picture "still complicated and gri Read More »

Russia must improve IP enforcement to join WTO

AJOT | July 25, 2010 | International Trade

Russia must improve efforts to stop piracy and counterfeiting of U.S. music, movies and other goods to achieve its longterm goal of joining the World Trade Organization, a U.S. official said. Read More »

Chery unaware of GM technology theft saga

AJOT | July 25, 2010 | International Trade

China's Chery Automobile Co said it was unaware of a U.S. case of alleged theft of GM technology that had been linked to the Chinese firm. Read More »

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 »

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