Posts filed under ‘American Shipper’

EU agrees Russia’s WTO accession

The European Union on Friday agreed to Russia’s accession to the World Trade Organization, which is expected to take place in December.

The United States welcomed the EU’s decision. However, the Office of the U.S. Trade Representative said it shares “the EU’s strong interest in seeing Russia and Georgia reach a mutually agreeable resolution of trade-related issues, and encourage both sides to continue their cooperative efforts to that end, working with officials of the Government of Switzerland.

Read More

American Shipper. Oct 24, 2011

October 25, 2011 at 1:13 pm

Senate approves GSP bill

The U.S. Senate Thursday voted 70-27 to renew the Generalized System of Preferences and Trade Adjustment Assistance programs that had expired within the past year.

The trade package now heads to the House for final approval and opens the door for trade agreements with Colombia, Panama and Korea to be considered.

Read more

American Shipper Sept. 23, 2011

September 27, 2011 at 11:50 am

Commerce awards $1.9 million to boost exports

The U.S. Commerce Department has released $1.9 million in financial assistance to support projects that it said will increase U.S. exports, create jobs and strengthen American global competitiveness.

The funds will be awarded to five non-profit industry organizations and are expected to generate $1.96 billion in U.S. exports in the next three years, ranging from attracting foreign students and tourists to promoting clean truck technology and medical technology exports.

Read More

American Shipper Sep. 22, 2011

September 23, 2011 at 12:02 pm

DHL starts Cincinnati/Panama service

DHL Express has begun direct daily Boeing 757 air freight service between its Cincinnati and Panama hubs, the company said Friday.

The service, DHL said, improve delivery times by one day from any location in the United States, Canada, Asia and the Caribbean Islands to Panama and from Panama to all DHL destinations worldwide.

Read more

American Shipper 9/12/2011

September 15, 2011 at 8:04 am

India poised to be biggest Ex-Im Bank market

Representatives of the Export-Import Bank of the United States were in New Delhi Tuesday to promote the purchase of U.S. goods and services by Indian buyers.

The bank took part in the U.S.-India Strategic Dialogue headed by Secretary of State Hillary Rodham Clinton in the Indian capital Tuesday.

Fred Hochberg, chairman and president of the Ex-Im Bank, is also leading a business development mission this week in India.

Hochberg announced $25 million in Ex-Im Bank loans for two new solar-energy projects and is promoting the bank’s financing products to support other deals in India.

“India is a key country for U.S. exports and an increasingly important market for Ex-Im Bank,” he said. “In the first nine months of fiscal year 2011, the bank has approved $1.4 billion in transactions on behalf of American exporters and their Indian buyers. This financing has increased our overall exposure in India to $5.5 billion. With this kind of growth in demand, we anticipate that next year India may very well become Ex-Im Bank’s biggest single market.”

A big part of the growing partnership relates to developing renewable energy in India. In fiscal year 2011 through June 30, the bank said it has approved $75 million in solar transactions in India, with another roughly $500 million in upcoming Indian solar deals.  Read more.

American Shipper, 7/19/2011

July 25, 2011 at 7:00 am

BIS proposed rule moves U.S. export reform forward

The U.S. Commerce Department’s Bureau of Industry and Security released a proposed rulemaking Friday that moves another step forward the Obama administration’s goal to modernize the country’s aging export control system.

A significant piece of the reform is for BIS and its counterpart at the State Department that oversees exports of munitions to review and revise the two primary lists of controlled items — the Commerce Control List (CCL) and the U.S. Munitions List (USML) — to make them more “positive,” “aligned” and “tiered.”

To do this, BIS has proposed a new regulatory construct for the transfer of items on the USML that the Obama administration determines no longer warrant control under the Arms Export Control Act to the Export Administration Regulations (EAR).  Read More.

C. Gillis, American Shipper, 7/15/2011

July 22, 2011 at 7:00 am

Chicago flyover splits passenger, freight rail

The U.S. Transportation Department on Friday said its Illinois state counterpart can start spending $126 million for Chicago’s so-called Englewood Flyover project that was awarded last year.

The project, which will get under way later this summer, will eliminate one of the nation’s largest rail bottlenecks, DOT said. The Illinois Department of Transportation contributed $6.6 million to the $133 million project.

The Englewood Flyover is a grade separation project south of Chicago Union Station that eliminates one of the most delay-prone intersections in the entire Amtrak system. It separates Rock Island District Metra commuter trains from Amtrak passenger trains traveling on the Norfolk Southern corridor.

“Untying rail congestion in Chicago is critical to developing a Midwest passenger rail network that will connect the 40 largest markets in the Midwest,” said DOT Secretary Ray LaHood, in a statement.

DOT noted that an agreement between Illinois, Norfolk Southern and Amtrak also lays the groundwork for an additional express track for high-speed trains to points east and south. Amtrak uses the Norfolk Southern line for all trains from Detroit, Cleveland, Cincinnati and Indianapolis into Chicago. The State of Illinois will serve as the hub of the Midwest passenger rail network, DOT said.  Read more.

American Shipper, 6/27/2011

July 15, 2011 at 7:00 am

2011 National Export Strategy report released

The White House, on behalf of the Trade Promotion Coordinating Committee (TPCC), Tuesday released to Congress the 2011 National Export Strategy: Powering the National Export Initiative.

The report reinforces the importance of U.S. exports of goods and services, which in 2010 totaled $1.84 trillion, an increase of about 17 percent over 2009 levels, and supported more than 9 million U.S. jobs.

Starting with this report, the annual National Export Strategy will track and measure the federal government’s progress in implementing the president’s National Export Initiative (NEI).

President Obama announced the NEI in 2010 and set the goal of doubling U.S. exports by the end of 2014 to support millions of American jobs. This year’s National Export Strategy outlines progress made to date on the NEI and identifies the administration’s areas of focus for 2011.

The release of this year’s report marks the first time all 18 trade agencies have agreed-upon common metrics to measure export promotion.     Read more.

American Shipper, 6/29/2011

July 14, 2011 at 7:00 am

U.S. urges China to open more markets

Senior U.S. trade officials on Tuesday urged China to open more markets for American goods and services and make progress on other priority trade issues at the annual Mid-Year Review Meeting for the U.S.-China Joint Commission on Commerce and Trade (JCCT).

The two governments also took stock of their trade and investment relationship, and identified key policy concerns in preparation for the 2011 JCCT plenary meeting that China will host later this year.

Undersecretary of Commerce for International Trade Francisco Sanchez and Assistant U.S. Trade Representative Claire Reade co-chaired the meeting with Chinese Vice Minister of Commerce Wang Chao.

“We are focused on creating a balanced and healthy U.S.-China trade relationship, and we believe China should take steps to open more markets to American goods and services,” Sanchez said. “We face challenges that need to be addressed in our commercial relationship, but recognize the important synergies that exist between our National Export Initiative and China’s 12th Five Year Plan to develop and modernize its economy.” Read more.

American Shipper, 6/29/2011

July 13, 2011 at 7:00 am

Chicago flyover splits passenger, freight rail

The U.S. Transportation Department on Friday said its Illinois state counterpart can start spending $126 million for Chicago’s so-called Englewood Flyover project that was awarded last year.

The project, which will get under way later this summer, will eliminate one of the nation’s largest rail bottlenecks, DOT said. The Illinois Department of Transportation contributed $6.6 million to the $133 million project.

The Englewood Flyover is a grade separation project south of Chicago Union Station that eliminates one of the most delay-prone intersections in the entire Amtrak system. It separates Rock Island District Metra commuter trains from Amtrak passenger trains traveling on the Norfolk Southern corridor. “Untying rail congestion in Chicago is critical to developing a Midwest passenger rail network that will connect the 40 largest markets in the Midwest,” said DOT Secretary Ray LaHood, in a statement. Read more.

American Shipper, 6/27/2011

July 8, 2011 at 7:00 am

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Travel with the Northern Kentucky Chamber in 2012

Peru - August 12-20, 2012
To learn more about the program, please email Kyle Horseman or call 859.426.3653.

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