American Journal of Transportation | North America's Premier Transportation News Resource

International Trade

Reuters | Top Story | November 05, 2024

Walmart, other US retailers import fewer Christmas goods ahead of tepid holiday season

Santa Claus is not delivering as many Christmas trees, toys and decorations to the United States this year as in recent years, import data shows, with retailers including Walmart bringing in less holiday product ahead of what is expected to be a so-so holiday season.

Oil trades in tight range ahead of US election result

Reuters | November 05, 2024 | Energy

Hugo Boss seeks to grow in China despite weak demand, CFO says

Reuters | November 05, 2024 | International Trade

German fashion house Hugo Boss said on Tuesday it sought to expand its limited exposure to China and build brand visibility over the long run, despite a dent to its third-quarter sales from weak demand in the region.

Cummins posts quarterly profit beat on strong demand for power products from data centers

Reuters | November 05, 2024 | Trucking

Cummins Inc beat third-quarter profit estimates on Tuesday, due to robust demand for its power generation products from data centers, sending the shares of the company up more than 4% in pre-market trading.

US trade deficit widens sharply in September

Reuters | November 05, 2024 | International Trade

The U.S. trade deficit widened sharply in September as businesses boosted imports to meet robust domestic demand and in anticipation of higher tariffs on goods.

Grains merchant ADM slides on fresh accounting errors, profit forecast cut

Reuters | November 05, 2024 | International Trade | Commodity

Archer-Daniels-Midland shares fell 8% premarket on Tuesday after the global grains merchant cut its adjusted annual profit forecast and said it would amend its previous financial statements after finding fresh accounting irregularities.

Italy puts ITA-Lufthansa deal on hold due to price dispute, sources say

Reuters | November 05, 2024 | Air Cargo | Airlines

Italy's Treasury has put on hold the sale of a minority stake in ITA Airways to Lufthansa because of a dispute with the German carrier over the agreed price, two sources familiar with the matter said on Tuesday.

German air-taxi maker Lilium hires KPMG to explore M&A options

Reuters | November 05, 2024 | Air Cargo | Technology

German air-taxi maker Lilium, which is set to file for insolvency after running into a cash crisis, said on Tuesday it had hired consultancy KPMG to explore merger and acquisition options.

Canada posts higher than expected trade deficit in September

Reuters | November 05, 2024 | International Trade

Canada posted a higher than expected trade deficit of C$1.26 billion ($908 million) in September as a drop in imports failed to offset a fall in exports, data showed on Tuesday.

China pivot from US farm imports bolsters it against trade war risks

Reuters | November 04, 2024 | International Trade | Commodity

China's push to shift its food import sources since 2018 has put it in a better position to impose tit-for-tat tariffs on U.S. farm goods with less harm to its food security if trade friction with Washington flares after the U.S. presidential election.

Air Cargo

AJOT | Top Story | November 04, 2024

ANTONOV Airlines delivers European critical satellite to the launch site in Titusville, FL

Ukrainian operator of the fleet of the biggest cargo aircraft AN-124-100M (150) continues performing the unique missions around the world.

Chinese company bullish on Cuban solar drive, executive says

Reuters | November 04, 2024 | Energy | Alternative

Trump says he will put a tariff on Mexico to stop flow of fentanyl into US

Reuters | November 04, 2024 | International Trade

Canada proposes sharp cut in oil and gas sector emissions by 2030

Reuters | November 04, 2024 | Energy

Air Cargo

Reuters | Top Story | November 04, 2024

Air Transport Services Group to be taken private by Stonepeak in $3.1 billion deal

Air Transport Services Group said on Monday investment firm Stonepeak was taking it private in a deal valued at $3.1 billion, including debt, sending the aircraft lessor's shares 27% higher before the bell.

WorldACD Weekly Air Cargo Trends (week 43) - 2024

AJOT | November 04, 2024 | Air Cargo | General | By The Numbers

Average worldwide air cargo spot rates rose by a further +5% in the last full week of October, thanks to week-on-week (WoW) increases in spot prices from Asia Pacific (+3%), Europe (+7%), and Central & South America (CSA, +8%), while global tonnages remained broadly flat, WoW, at around +4% above last year’s levels, according to the latest weekly figures and analysis from WorldACD Market Data.

Chinese solar firms, ever-nimble, go further afield where US tariffs don’t reach

Reuters | November 04, 2024 | Energy | Alternative | International Trade

Some of the biggest Chinese-owned solar factories in Vietnam are cutting production and laying off workers, spurred on by the expansion of U.S. trade tariffs targeting it and three other Southeast Asian countries.

Embracing ICS2-ENS: Navigating the future of global trade with precision and insight

AJOT | November 04, 2024 | International Trade | Logistics | Shipping Technology

By Bryn Heimbeck, President and Co-Founder of Trade Tech, a global logistics solutions provider that develops world-class applications that link shippers, importers, Customs House Brokers, consignees, NVOCCs, carriers, truckers, warehouses, and forwarders, providing visibility of the movement of goods throughout the supply chain.

SpeedX founder acquires AGS and aims to build a $1 billion end-to-end supply chain enterprise

AJOT | November 04, 2024 | Logistics | Shipping Technology

Chris Zheng, founder and CEO of SpeedX, a tech-enabled last-mile delivery leader aims to create a $1 billion end-to-end supply chain solution infrastructure within 18 months following the acquisition of New York City headquartered, Accelerated Global Solutions, Inc. ("AGS").

U.S. exports of ethane and ethane-based petrochemicals rose 135% from 2014 to 2023

AJOT | November 04, 2024 | Energy

U.S. exports of ethane and ethane-based petrochemicals reached an all-time high of 21.6 million metric tons (MMmt) in 2023, up 135% since the United States began exporting ethane in 2014 and 17% more than in 2022, according to data from the U.S. Census Bureau.

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