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Panama Canal Authority and North Carolina State Ports Authority establish partnership

AJOT | December 16, 2010 | Ports & Terminals

Panama Canal Authority (ACP) Administrator/CEO Alberto Alem├ín Zubieta and North Carolina State Ports Authority CEO Thomas J. Eagar signed a Memorandum of Understanding (MOU) during an official ceremony in Panama City, Panama. Read More »

Regal Logistics purchases new distribution center in US Southeast

AJOT | December 16, 2010 | Ports & Terminals

Regal Logistics announced it purchased a new distribution center at 1980 Technology Drive, Charleston SC 29492, 866-300-5580, regallogistics.com. A multi-million dollar investment, Regal opened for business 351,000 square feet of public warehouse designe Read More »

Transforce to buy Dynamex, trumps Greenbriar bid

AJOT | December 16, 2010 | Intermodal

Transforce Inc , a mid-tier Canadian trucker seeking to gain traction in niche services, said on Tuesday it agreed to buy Dynamex Inc for $248 million, trumping a rival bid from a private equity group.

Montreal-based Transforce said it offered to pay Read More »

China Shenhua to build railway for $2 blllion

AJOT | December 16, 2010 | Intermodal

China Shenhua Energy Co , the world's most valuable coal producer, said it will invest 13.5 billion yuan ($2.03 billion) into the building of a railway. Read More »

Medstr’ms Invest AB acquires all outstanding shares in Intercontainer Scandinavia AB

AJOT | December 16, 2010 | Intermodal

The Stockholm based investment company Medstr'ms Invest AB has acquired all outstanding shares in the Gothenburg based company Intercontainer Scandinavia AB. All staff will be retained on their current terms; the shuttle network within Sweden remains unch Read More »

CN’s Mongeau says company’s remarkable transformation driven by vision, innovation and execution

AJOT | December 16, 2010 | Intermodal

Claude Mongeau, president and chief executive officer of CN, said CN's rise to rail industry leader from industry laggard in "one of the most profound transformations in Canadian business history" is the product of a compelling corporate vision, continual Read More »

US office vacancy to fall slowly next year

AJOT | December 16, 2010 | Intermodal

The U.S. office vacancy rate is expected to peak next year at about the same rate as it did in the last downturn, but high unemployment and vacant space that companies are retaining are likely to drag out a recovery, according to CBRE Econometric Advisors Read More »

Senator Collins scores truck weight reform victory

AJOT | December 16, 2010 | Intermodal

The Coalition for Transportation Productivity (CTP), a group of 180 shippers and allied associations dedicated to responsibly increasing federal weight limits on interstate highways, applauded Sen. Susan Collins (R-ME) for successfully securing a provisi Read More »

US politics could slow Russian WTO bid

AJOT | December 16, 2010 | International Trade

U.S. politics may again delay Russia's accession to the World Trade Organisation as the White House struggles to get Congress to repeal Cold War trade rules, the head of the top U.S. business lobby in Russia said.

A U.S.-Russia bilateral deal is one o Read More »

WTO panel upholds U.S. duty on Chinese tires

AJOT | December 16, 2010 | International Trade

The United States was entitled to impose extra safeguard duties on Chinese tires, a World Trade Organization dispute panel said in a ruling published, rejecting a Chinese complaint.

The dispute contrasted the commitments of governments to fight protec Read More »

WTO to help Russia’s image, hurt its manufacturers

AJOT | December 16, 2010 | International Trade

Russia's long-awaited WTO entry is set to boost investor sentiment but also push domestic manufacturers into a painful struggle to shape up against global competition that could take them years.

After 17 years of talks, Moscow hopes to join the World Read More »

Steel exports edge up in October on improved demand in NAFTA Region

AJOT | December 16, 2010 | International Trade

Exports of steel increased in October by 0.7% over September according to government data. 'Exports in October were essentially unchanged, with a 16.3% increase in exports to Mexico the primary reason for the small increase,' said David Phelps, president Read More »

McDonald’s to double China restaurants by 2013

AJOT | December 16, 2010 | International Trade

McDonald's Corp plans to double the number of its restaurants in China to 2,000 by 2013, a senior executive said as it speeds up expansion in the fastest growing major economy.

The top global fast food chain, which opened its first outlet in the south Read More »

China bans poultry, product imports from Canada province

AJOT | December 16, 2010 | International Trade

China banned poultry and poultry product imports from a province in Canada after an outbreak of bird flu there, the General Administration of Quality Supervision, Inspection and Quarantine said in a statement.

A low-pathogenic H5N2 bird flu outbreak w Read More »

China’s Wafangdian Bearing to set up India arm

AJOT | December 16, 2010 | International Trade

China's Wafangdian Bearing , which makes ZWZ branded bearings, plans to set up operations in India and expand in the $2 billion Indian bearings market, it said. Read More »

AAFA hails House passage of trade bill

AJOT | December 16, 2010 | International Trade

The American Apparel & Footwear Association (AAFA) praised the U.S. House of Representatives for quickly passing the Omnibus Trade Act of 2010 (H.R. 6517). The Omnibus Trade Act of 2010 would renew several trade preference programs and woul Read More »

US Senate bill would limit entry of China poultry

AJOT | December 16, 2010 | International Trade

The United States would restrict entry of poultry products from China as part of a Senate spending bill assembled at the same time U.S. and Chinese officials met to resolve trade disputes.

The language was similar to restrictions adopted a year ago. S Read More »

China’s 2010 foreign trade to exceed $2.9 trillion

AJOT | December 16, 2010 | International Trade

China's foreign trade is expected to surpass $2.9 trillion this year due to a sharp rebound in imports and exports, the country's commerce minister was quoted as saying.

Chen Deming, cited in an interview with the official Xinhua news agency, said he Read More »

Key outcomes of U.S.-China trade talks

AJOT | December 16, 2010 | International Trade

The United States and China concluded wide-ranging trade talks on agriculture, software and other issues.

Here is a summary that incorporates some closing remarks made by U.S. and Chinese officials: Read More »

India allows some sugar exports, trade expects more

AJOT | December 16, 2010 | International Trade

India will allow unrestricted exports of 500,000 tons of sugar, the farm minister said on Wednesday, helping global prices ease as the market expects more overseas sales as the country swings back to a surplus.

"The modalities will be worked out in th Read More »

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