International Trade News

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


Infrastructure
U.S. Transportation Secretary Anthony Foxx won’t be celebrating if a $10.9 billion injection for the Highway Trust Fund approved by the House last week makes it through the Senate.

Diesel
Trucking interests in Southern California were urged this week to lobby for a delay in the inclusion of transportation fuels under the state’s cap and trade law...

India’s merchandise exports rose for the third straight month in June on a year-over-year basis, expanding 10.22 percent to $26.48 billion...

Panama Canal locks project
An arbitration hearing is set to begin Monday in Miami on a contractor’s claim for $180 million in cost overruns for expansion of the Panama Canal.