Toronto to host TIACA Air Cargo Forum

AJOT | May 21, 2015 | Air Cargo

TIACA’s 2018 Air Cargo Forum will take place in Toronto, Canada, Secretary General Doug Brittin announced today. Read More »

Heniff Transportation Systems, LLC acquires Horizon Tank Lines

PR Newswire | May 21, 2015 | Liner Shipping

Heniff Transportation Systems, LLC. Headquartered in Oakbrook, IL has announced that it has acquired Horizon Tank Lines, a leading Southeastern bulk chemical hauler. Horizon Tank Lines is headquartered in Durham, NC with terminals located in Wilmington, NC and Hamlet, NC. Read More »

German bank HSH plans to split off bad shipping loans

Reuters | May 21, 2015 | International Trade

German lender HSH Nordbank could split off a “bad bank” for non-performing shipping loans as part of a plan to create a sustainable business model, according to a person familiar with the matter. Read More »

Descartes Showcases Logistics Technology Platform Innovations at Global User and Partner Conference

AJOT | May 21, 2015 | Transport Intermediaries

Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, showcased its latest product innovations designed to help customers improve the agility, productivity, performance and security of their operations. Read More »

Asia Dry Bulk - Capesize rates face mixed outlook on cargo uncertainty

Reuters | May 21, 2015 | Liner Shipping

Rates for capesize bulk carriers eased this week after hitting their highest since December, and could come under pressure next week if charterers hold back cargoes, ship brokers said. Read More »

Brazil’s Vale to sell 4 large iron ore carriers to China’s CMES

Reuters | May 20, 2015 | International Trade

Brazilian miner Vale said on Tuesday it agreed to sell four large iron ore carriers to China Merchants Energy Shipping Co (CMES) , as it looks to raise cash in the midst of an iron ore price slump. Read More »

US senators threaten to block trade debate over Ex-Im renewal

Reuters | May 20, 2015 | International Trade

Legislation to fast track trade deals through Congress inched a step closer to a U.S. Senate vote but Democratic and Republican senators threatened to block debate until they are assured of a vote to keep the Export-Import Bank alive. Read More »

US lawmakers compromise on ‘poison-pill’ Pacific trade rules

Reuters | May 20, 2015 | International Trade

U.S. lawmakers reached a compromise on rules that threatened to derail a proposed Pacific trade partnership by agreeing to soften tough provisions against human trafficking. Read More »

US bill to repeal meat labeling laws advances

Reuters | May 20, 2015 | International Trade

U.S. legislation to repeal meat labeling laws, which the World Trade Organization found discriminate against Mexico and Canada, passed a congressional committee and moved one step closer to becoming law. Read More »

Only US rivals win if Congress blocks Asia trade pact

Reuters | May 20, 2015 | International Trade

Secretary of State John Kerry made an impassioned plea to Congress to pass fast-track legislation needed for a 12-nation Pacific trade agreement, saying that failure to do so would benefit U.S. rivals. Read More »

Clinton, White House spar over trade as fast-track vote looms

Reuters | May 20, 2015 | International Trade

Democratic U.S. presidential contender Hillary Clinton set up a potential clash over sensitive trade legislation with the White House, urging steps to prevent currency manipulation and lawsuits by foreign companies against governments. Read More »

China says “strongly concerned” about US economic espionage case

Reuters | May 20, 2015 | International Trade

China is "strongly concerned" about a case in which six Chinese nationals were charged by the United States with economic espionage, it said. Read More »

US Treasury’s Lew urges China to reduce currency interventions

Reuters | May 20, 2015 | International Trade

U.S. Treasury Secretary Jack Lew told a top Chinese official on Wednesday that Washington still wants China to reduce government intervention in the foreign exchange market, a Treasury official said. Read More »

High-tech firms anticipate growing exports

Reuters | May 20, 2015 | International Trade

Nearly three quarters of high-tech executives polled in a new survey released on Wednesday expect their exports to grow over the next two years and many are eyeing expansion into Brazil, Russia and India over the next year. Read More »

Taiwan April export orders in worst fall in 2 years

Reuters | May 20, 2015 | International Trade

Taiwan's export orders in April posted their worst showing in more than two years, with big falls from Japan and China flagging softening demand for the island's electronic gadgets. Read More »

South Korean retailers in arms race for rare duty free licenses

Reuters | May 20, 2015 | International Trade

South Korea's Hanwha Group, vying for one of two rare duty free licenses up for grabs in Seoul, argues that its gold-toned skyscraper is the perfect draw for Chinese tourists, who have cemented South Korea's place as the world's duty free capital. Read More »

SC Ports box volume up nearly 15%

AJOT | May 20, 2015 | Ports & Terminals

SC Ports Authority has handled nearly 15 percent more pier containers fiscal year to date than the same period last year, with total box volume through April climbing to nearly 900,000 containers. Read More »

Containership reliability reaches new high as congestion and alliance issues fade

AJOT | May 20, 2015 | Liner Shipping

Container service reliability reached a data-series high in April with the aggregate on-time performance for the three key East-West trades rising to 67.6%, up by 4.1 percentage points on March, according to Carrier Performance Insight (http://cpi.drewry.co.uk), the online schedule reliability tool provided by Drewry Supply Chain Advisors. Read More »

SeaLand expands service network with North Atlantic Express Service

AJOT | May 20, 2015 | Liner Shipping

SeaLand, the intra-Americas regional ocean carrier of the Maersk Group, has announced the addition of the North Atlantic Express (NAE) service to its comprehensive North-South network. Read More »

Nine high school students, two adults dead in Mexico truck accident

Reuters | May 20, 2015 | Intermodal | Road

Eleven people, including nine high school students, died on a highway in the central Mexican state of San Luis Potosi after their vehicle collided with a freight truck's trailer. Read More »