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Russian dock workers threaten strike over wages

AJOT | June 13, 2010 | Ports & Terminals

Russian dock workers at St Petersburg and Tuapse ports owned by billionaire Vladimir Lisin may strike next month if wages are not increased, a union official said.

"A strike is possible," local united trade union spokesman Vasiliy Denisenko s Read More »

CN, TSI Terminal Systems reach supply chain collaboration agreement

AJOT | June 13, 2010 | Ports & Terminals

CN and TSI Terminal Systems Inc. (TSI) announced a supply chain collaboration agreement aiming to enhance service levels to their mutual customers and draw greater volumes of container traffic over Port Metro Vancouver. A MOU has been signed that will dri Read More »

Nigeria’s West Africa Container Terminal volume up 18%

AJOT | June 13, 2010 | Ports & Terminals

APM Terminals CEO Kim Fejfer visits the Onne facility as emerging market strategy shows strength.

The Port of Onne's West Africa Container terminal (WACT) has recorded container volume growth of 18% through May 2010 as compared with the same Read More »

Trucking executive elected Vice Chairman of U.S. Chamber

AJOT | June 13, 2010 | Intermodal

The U.S. Chamber of Commerce named John Ruan III as its vice chairman for 2010 in a June 9 election by the board. Ruan is chairman and CEO Ruan Transport Corporation in Des Moines, Iowa. Read More »

QR National IPO on track for Q4, interest high

AJOT | June 13, 2010 | Intermodal

Interest in the privatisation of QR National, Australia's biggest rail freight business, has exceeded expectations and the sale remains on track for the fourth quarter, Queensland Rail's chief executive said. Queensland state plans an initial public offer Read More »

Wall Street betting on recovery in trucking

AJOT | June 13, 2010 | Intermodal

Stocks of trucking companies may have taken a beating in recent weeks, but that's no reason to exit a sector that has been seeing strong signs of recovery.

The weakness provides a great opportunity for investors to enter the sector or add to Read More »

Canada has small trade surplus

AJOT | June 13, 2010 | International Trade

Canada recorded a smaller than expected trade surplus in April as a strong domestic currency hurt exports and demand for Canadian goods outside of the United States fell, government data showed.

Statistics Canada said the nation notched a tra Read More »

Bank regulation seen hurting commodity exporters

AJOT | June 13, 2010 | International Trade

Tighter banking regulation could increase the borrowing costs of commodity exporters, including African companies which are already struggling to access needed trade financing, senior bankers said.

"Regulation is the biggest threat," John Mac Read More »

EU to open market fully to Palestinian exports soon

AJOT | June 13, 2010 | International Trade

The European Commission plans to open European Union markets fully to Palestinian exports in the coming months to help strengthen the Palestinian economy, the EU trade chief said. Read More »

US’ Geithner: world economy needs China yuan reform

AJOT | June 13, 2010 | International Trade

U.S. Treasury Secretary Timothy Geithner, delivering his sharpest criticism of China's exchange rate policies in months, said the yuan's value was "critically important" for the world economy.

But Geithner, testifying before the U.S. Senate F Read More »

US trade gap widens

AJOT | June 13, 2010 | International Trade

A report from the Commerce Department showed the U.S. trade deficit edged up to $40.3 billion in April from $40 billion from March as exports fell. Markets had expected a gap of $41.0 billion.

The slightly wider trade deficit reflected a 0.7 Read More »

US industry eyes win in IT trade case versus EU

AJOT | June 13, 2010 | International Trade

U.S. technology companies hope a preliminary World Trade Organization ruling will persuade the European Union to drop tariffs on three products at the center of the dispute. Read More »

US urges Vietnam to join trans-Pacific trade pact

AJOT | June 13, 2010 | International Trade

Vietnam should join a U.S.-initiated trans-Pacific partnership to boost trade and competitiveness, a U.S. trade official said.

The trans-Pacific partnership (TPP) will help bolster U.S.-Vietnam ties and increase Vietnam's competitiveness in t Read More »

Third MD11 for Cargoitalia

AJOT | June 13, 2010 | Air Cargo

Cargoitalia, Italy's freighter operator, has taken delivery of its third MD11 freighter aircraft. The aircraft's arrival marks the satisfactory conclusion of the airline's first phase of development, which began with its successful re-launch under new own Read More »

Korean Air: number one global cargo airline 6 years in a row

AJOT | June 13, 2010 | Air Cargo

New statistics indicate Korean Air maintained and improved top traffic records in 2009.

According to the International Air Transport Association (IATA), Korean Air topped the global rankings for commercial airline cargo operations for the six Read More »

Atlas Air says finance chief leaving

AJOT | June 13, 2010 | Air Cargo

Cargo carrier Atlas Air Worldwide Holdings Inc named a new chief financial officer to succeed Jason Grant, who is leaving to take a job with a private company in the domestic maritime shipping sector. Read More »

CMA CGM launches a new direct service between Asia, India and Pakistan

AJOT | June 13, 2010 | Liner Shipping

CMA CGM announced the launch of the NEW CIMEX 2 service linking Asia /China to India and Pakistan, operated in partnership with Maersk Line.

The NEW CIMEX 2 aims at providing CMA CGM customers with a high quality service thanks to: Read More »

Premium Article  Distribution centers evolve with the times

Karen Thuermer | June 09, 2010 | Intermodal | International Trade

Richard Allen, CEO, The Allen Group, recently said: “Growth in distribution is all about containerized shipments.”

One only has to view the investment steamship lines are committing to larger containerships to realize this fact. Much of thi Read More »

Premium Article  Shippers and 3PLs re-evaluate their relationships

Karen Thuermer | June 09, 2010 | Transport Intermediaries

Both shippers and third party logistics providers (3PLs) have faced significant challenges during this global downturn.

While surveys indicate 3PLs, generally, have more reason to feel optimistic about their future than shippers, Dr. C. John Read More »

Premium Article  Wal-Mart seeks growth in China, Brazil, eyeing Russia

AJOT | June 09, 2010 | International Trade

Wal-Mart Stores Inc is still learning about the Russian market, a country it sees as underserved by retailers, a top Walmart International officer said. Read More »

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