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First containership giant CSCL Star calls Hamburg on her maiden voyage

AJOT | March 01, 2011 | Ports & Terminals

On February 23rd, 2011 the container vessel CSCL Star called the port of Hamburg on her maiden voyage in their Far East liner service “Asia-Europe Express-1/ China-Europe-Mediterranean Service” (AEX-1/CEM). 
CSCL Star with a capacity of 14 074 TEU, Read More »

China suspends second senior railway official

AJOT | March 01, 2011 | Intermodal

China suspended a second senior railways official, the latest official to be implicated in a corruption probe that led to the dismissal of Minister of Railways Liu Zhijun in February.

Zhang Shuguang, the 55-year-old deputy chief engineer at the minist Read More »

China Railway suspends Libya projects, evacuates workers

AJOT | March 01, 2011 | Intermodal

China Railway Group , the country's biggest railroad builder, said it was suspending its three projects in Libya as it evacuates workers due to escalating violence in the African nation.

The total contract value of the three rail projects is $4.24 bil Read More »

YRC lenders to take substantial equity in trucker

AJOT | March 01, 2011 | Intermodal

YRC Worldwide said it has reached a deal with lenders and union workers for a "comprehensive restructuring" of its tenuous finances that will substantially dilute existing shares but stabilize the company.

YRC officials would not disclose the financia Read More »

Mountain Valley Express Las Vegas relocation

AJOT | March 01, 2011 | Intermodal

Effective March 1st, 2011, Mountain Valley Express will be relocated into its new facility from Southwest Las Vegas to North Las Vegas. Read More »

US manufacturing strongest in nearly 7 years

AJOT | March 01, 2011 | International Trade

The U.S. manufacturing sector grew at its fastest rate in nearly seven years in February, while a gauge of inflation also rose, according to an industry report.

The Institute for Supply Management said its index of national factory activity rose to 61 Read More »

US irked by China’s shrimp duty challenge at WTO

AJOT | March 01, 2011 | International Trade

U.S. trade officials reacted icily to China's decision to challenge U.S. shrimp duties at the World Trade Organization, which they said would complicate efforts to resolve a trade spat involving a number of other U.S. trading partners.

"The United Sta Read More »

Steel imports increase in January on strength of NAFTA imports

AJOT | March 01, 2011 | International Trade

Steel imports increased in January compared to December by 9.4 percent according to preliminary government data. 'Imports from the NAFTA region jumped by 31.3 percent in January over the final data for December, as suppliers in the region responded quick Read More »

McDonald’s pledges more investment in Russia growth

AJOT | March 01, 2011 | International Trade

McDonald's Corp plans to boost investment into expansion of its Russian business this year to increase its foothold in the growing fast food restaurant market amid still sluggish competition.

"We plan to open at least 40 new restaurants this year, and Read More »

WTO opens China to rare earth challenge

AJOT | March 01, 2011 | International Trade

Confidential World Trade Organization findings on China's export limits on raw materials have boosted the case for a European Union challenge to Chinese export curbs on rare earths, sources say.

"China has export restrictions on raw materials that are Read More »

GM blazes trail of small car exports from China

AJOT | March 01, 2011 | International Trade

Flush from heady sales in the world's largest auto market, foreign car makers now see China as a launch pad for exports, with General Motors (GM) blazing the trail with shipments of its Chevy Sail.

Carrying a Chevrolet badge, Sail is the first model j Read More »

Zepol Corp. names Segner VP of Sales

AJOT | March 01, 2011 | International Trade

Zepol Corporation, the leading trade intelligence company, today announced the appointment of Mark Segner as Vice President of Sales. Segner joins the Zepol management team to lead its Account Executives and play a primary role in developing growth strate Read More »

World factory input costs rising sharply

AJOT | March 01, 2011 | International Trade

Factory input costs leapt across the globe in February, the latest sign of rising inflationary pressures, while U.S. and euro zone manufacturing grew at their fastest pace in years, surveys showed.

British manufacturing also grew strongly, at its fast Read More »

US calls China’s Baidu ‘notorious market’

AJOT | March 01, 2011 | International Trade

The United States again put China's top search engine, Baidu Inc, on its annual list of "notorious markets" for counterfeit and pirated goods, fueling U.S. business community hopes for action in Congress against "rogue websites."

The U.S. Trade Repres Read More »

Fresh Del Monte Q4 skids on lower banana prices

AJOT | March 01, 2011 | International Trade

Lower banana prices and bad weather at Fresh Del Monte Produce Inc's pineapple farms pushed the fruit and vegetable producer's quarterly results below market expectations, sending its shares down 7 percent in pre-market trading.

The company, whose pro Read More »

Emerging markets drive up profits at UK industrials

AJOT | March 01, 2011 | International Trade

Demand for steel and chemicals in resource-hungry emerging markets and a weaker pound helped boost a string of British manufacturing companies, results showed, more than offsetting a tepid domestic market.

Rotork and Cookson Group both cited strong ov Read More »

Global PMI shows factories expanding, prices rising

AJOT | March 01, 2011 | International Trade

Global manufacturing activity expanded at its fastest pace since May 2004 in February and prices rose at their sharpest rate in two-and-a-half years, a survey showed.

The Global Manufacturing PMI, compiled by JP Morgan with research and supply organis Read More »

Lufthansa Cargo confers environmental prize on researchers, customers and staff

AJOT | March 01, 2011 | Air Cargo

Lufthansa Cargo has for the second time conferred its Cargo Climate Care Award at its environmental conference in Frankfurt. The award, worth a total 16,000 euros, went to young researchers, customers and staff for innovative ideas aimed at making airfrei Read More »

Cargoitalia’s Italian ENS first

AJOT | March 01, 2011 | Air Cargo

Cargoitalia is the first airline in Italy to submit the new electronic Entry Summary Declaration (ENS) message - part of the new EU Customs ICS (Import Control System) regime being progressively introduced throughout all EU member states.

The Italian Read More »

Lufthansa Cargo serving new destinations in summer timetable

AJOT | March 01, 2011 | Air Cargo

Lufthansa Cargo is significantly expanding its network in the summer flight schedule. Pending regulatory approval, the cargo carrier in the Lufthansa Group is to operate MD-11 freighter services to the three new destinations of Shenzhen, Kolkata (Calcutta Read More »

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