International Trade News

road construction
U.S. federal dollars to states for highway construction will keep flowing through May now that Congress approved a bill just hours before the main engine of such funding would have expired.

China shoe factory
China will remain the clear leader in U.S. footwear imports even as Vietnam and other countries nibble away at its market share, according to a new forecast by the Footwear Distributors and Retailers of America.

Indian Shipping Minister Nitin Gadkari said the government is working on plans to augment overall tonnage capacity at major ports from the current 800 million tons to 1.6 billion tons over the next five years.

A long-awaited tunnel linking Miami’s port to the interstate highway system will be open for business at the beginning of next week, after months of delays.

Plane in blue sky
Positive developments in China’s export space are raising expectations that the recent strong performance of air and ocean cargo volumes will extend into a solid peak season.

Ometepe Island volcanoes in Lake Nicaragua.
When the Nicaraguan government earlier this month approved plans by a Hong Kong-based company to build a canal linking the Pacific with the Caribbean and thus the Atlantic, observers in the maritime industry were largely left scratching their heads.

Containerized U.S. imports rose 6.9 percent year-over-year in June.
U.S. containerized imports in June showed substantial year-over-year growth, as labor negotiations on the West Coast seem to have induced an early ocean container shipping peak season.

Shopping bags with U.S. and Japanese flags
The United States retained its status as Japan’s biggest export market in the first half of 2014 after defeating rival China by a narrow margin.

WASHINGTON, D.C. — The American Trucking Associations is urging the U.S. Senate to pass a shorter “short-term patch” to the Highway Trust Fund than that approved by the House of Representatives earlier this month and then quickly move to finding a long-term funding solution.

Japan and Mongolia have reached a bilateral free trade agreement aimed at eliminating import tariffs on most products tra