Equipment

Wednesday, June 19, 2013

   The U.S. Court of Appeals in Washington, D.C. on Tuesday rejected a request by Delta Air Lines to vacate the U.S. Export-Import Bank’s support of sales of U.S.-manufactured aircraft to Air India.    The court has asked Ex-Im Bank to further explain its financing decision for the Air India transactions, but it chose to leave undisturbed the bank’s financing of the Air India transaction and did not question the bank’s flexibility in carrying out its statutory mandate.  ...

Tuesday, June 18, 2013

   Early aircraft retirement, a $1.7-billion profit improvement program and improvement in its express segment are reasons why Cowen and Co. is anticipating slightly better performance from FedEx stocks when the company releases its fiscal fourth-quarter numbers Wednesday morning.    Cowen predicts a lower earnings-per-share number than most analysts, but sees the steps FedEx is taking in the market as hallmarks of an improving company. Modal shift is affecting FedEx, but Cowen still ...

Tuesday, June 18, 2013

   Austrian crane manufacturer Liebherr has opened a new $20 million sales and service center in Miami off Okeechobee and the Florida Turnpike.    It will serve as a major hub for Liebherr’s maritime cranes division and further strengthen its business relations to Central and South America and the Caribbean regions, said Gernot Schranz, president of Liebherr Nenzing Crane Co.    Liebherr called the 430,000-square-foot property ideal, stating the port of Miami and Miami Inter...

Thursday, June 13, 2013

   TruStar Energy will build a compressed natural gas fast-fill station for Kalmbach Feeds near the company's Ohio manufacturing plant.    The station, which will allow two vehicles to fuel up simultaneously, is slated for completion in early November.    Kalmbach Feeds, an animal feed distributor, is planning to transition its entire fleet to CNG in the next decade.    "Regarding CNG, there has always been the discussion of whether to buy CNG trucks or wait until ...

Thursday, June 13, 2013

   Switzerland-based Interroll has purchased Portec, a conveyor belt manufacturer based in Colorado, for an undisclosed amount.    The cash purchase is expected to close on July 1.    The acquisition is in line with Interroll’s strategic growth plans and gives the company a better foothold in the United States. The company, which counts Amazon and Coca-Cola as customers, also plans to open a 90,000-square-foot facility in Atlanta later this year.    "The product p...

Tuesday, June 11, 2013

   With both passenger and cargo traffic expected to grow 5 percent annually moving forward, the global airline industry will need more than 35,000 new planes at a cost of $4.8 trillion over the next 20 years, according to Boeing’s Current Market Outlook .    The largest amount of demand will come in the single-aisle category, with Boeing predicting a need for 24,670 planes at a cost of $2.29 trillion. The manufacturer predicts the least amount of demand will come for large, wide...

Thursday, May 30, 2013

   PECO Pallet has opened a new depot in Hazleton, Pa.    The facility, located about 95 miles north of Philadelphia, offers services such as sorting, repairing, storing, and reissuing of pallets. It will be fully ramped up by July 1, the company said.

Friday, May 24, 2013

   Starting June 1, the container chassis provider Direct ChassisLink, Inc. (DCLI) will contribute all of its chassis in the South Atlantic region to the Consolidated Chassis Management (CCM) pool, known as the South Atlantic Consolidated Chassis Pool (SACP).    CCM said the addition of more than 7,000 former Maersk-owned chassis will increase the pool size to over 50,000 units, making the SACP the single largest cooperative chassis pool in the United States.    DCLI was sol...

Monday, May 13, 2013

   Airbus, Air Canada and BioFuelNet Canada have formed a partnership to look into the long-term production of biofuels for Air Canada, with the first assessment due by the end of the year.    The group is tasked with studying the different biofuels materials and processes, measuring the overall success of each method, and exploring any emerging technologies in the field.    Air Canada has previously operated two flights fueled by a blend of jet fuel and biomass. The first, ...

Friday, May 10, 2013

   Crowley Maritime said its petroleum services group is entering the liquefied natural gas (LNG) market by acquiring Carib Energy, a Coral Springs, Fla.-based company that was founded in 2011 to export LNG to industrial facilities in the Caribbean and Latin America.    Carib Energy plans to export LNG in 40-foot tank containers, which it says allows it to serve markets that do not justify or cannot receive large tanker ships of LNG.    Crowley said its acquisition is ...

Friday, May 10, 2013

   UPS will add winglets to its 54-plane Boeing 767 fleet, including the five 767s currently on order, by the end of 2014.    The integrator has already installed winglets on its 747s and MD-11s; UPS’ Airbus A300-600s have similar devices attached to their wings.    The move will save each plane 4 percent of its current fuel expenditure by reducing drag during flight. The winglets also reduce noise emissions and improve performance during take off, according to a compa...

Friday, May 10, 2013

   The U.S. Export-Import Bank approved a final commitment for a $45.5 million loan guarantee to VRG Linhas Aereas S.A. (GOL), a Brazilian airline.    The financing will support the export of engine maintenance services by Delta TechOps (Delta), a subsidiary of Delta Airlines. This transaction will support about 400 jobs, according to Ex-Im Bank.    GOL engines will be shipped from São Paulo, Brazil, to Atlanta for heavy maintenance to be performed by Delta’s maintenance, r...

Thursday, May 09, 2013

   Two former employees of a Marine Corps logistics base in Albany, Ga., have pleaded guilty to taking bribes totaling nearly $750,000 over a three-year period to provide local carriers with business from the base, according to the U.S. Justice Department.    The two men — Mitchell D. Potts and Jeffrey S. Philpot — face maximum prison sentences of 15 years and fines. They have already paid back the bribes and restitution to the Defense Department.    During the scheme, ...

Thursday, May 09, 2013

   A wind turbine commissioned in February 2012 at the Port of Milwaukee resulted in $5,000 net revenue for the port within the first nine months of operation, according to a recent update by the port authority and the City of Milwaukee's Office of Environmental Sustainability.    The Northern Power 100-kilowatt turbine provides 100 percent of the port administration building’s electricity needs with the excess sold to We Energies. The estimated annual savings to the city are $14,000 ...

Wednesday, May 08, 2013

   Textainer turned in revenues of $128.8 million in the first quarter, a 9.6-percent, year-over-year bump, and saw its income from operations rise by 11.9 percent to $76.1 million.    Adjusted before-tax earnings for the quarter came in at $108.5 million, a 20.1-percent rise.    Even with these strong results, utilization declined by 1.1 percent in the first three months of the year, year over year, but that trend seems to be reversing itself, according to Textainer Presid...

Tuesday, May 07, 2013

   The former Steel Shipping Container Institute on Monday announced it has adopted a new name, the Industrial Steel Drum Institute (ISDI), along with a new logo and Website.    The new Website  provides purchasers of industrial packaging, warehouse and corporate risk managers, fire protection professionals, and others with information about the benefits of steel drums, how steel drums are made, and resources available to the industry.    “Industrial packaging has evol...

Tuesday, May 07, 2013

   Kalmar, part of Cargotec, has acquired total ownership in the Spanish crane refurbishment and maintenance company Mareiport, S.A.    The acquisition is an important step for Kalmar to become a larger global crane refurbishment and services provider. Kalmar has held a 30-percent share in Mareiport since 2007.    Mareiport is a privately owned company established in 1985 in Algeciras, Spain. The company has been providing maintenance services for ports and terminals an...

Friday, April 26, 2013

   Sea Star Line said it has increased its refrigerated container fleet by 25 percent in the past year to better serve the Puerto Rico trade.    The company said it's in the second year of a five-year plan to reduce the average age of its entire reefer fleet to less than threee years.    Sea Star also recently entered into a five-year agreement to acquire new gensets to support the increased reefer fleet.    “We must begin transforming our equipment fleet to ...

Thursday, April 25, 2013

   The U.S. Department of Commerce's Bureau of Industry and Security said Computerlinks FZCO of Dubai, United Arab Emirates, has agreed to pay a $2.8 million civil penalty following allegations that it committed three violations of the Export Administration Regulations (EAR).    The violations are related to the transfer to Syria of devices designed to monitor and control Internet traffic. In addition to the civil penalty, which is the statutory maximum, the company has agreed to sub...

Thursday, April 25, 2013

   Pivotal LNG announced it will build liquefied natural gas fueling stations for UPS Freight's heavy-duty tractor fleet at its Nashville and Knoxville, Tenn., terminals.    Earlier this week UPS said it will buy 700 LNG Class 8 trucks to replace diesel tractors and build four refueling stations by the end of 2014 after operating 112 tractor-trailers between Ontario, Calif., Las Vegas, Phoenix and Salt Lake City for the past two years.     The other UPS LNG statio...

Tuesday, April 23, 2013

   UPS will buy 700 liquefied natural gas (LNG) vehicles and build four refueling stations by the end of next year, accelerating its planned growth into alternative fuel.    The new stations will be built in Knoxville, Nashville, Memphis and Dallas at a cost of more than $18 million.    The integrator currently boasts more than 1,000 LNG vehicles worldwide, and its alternative-fuel fleet is now composed of more than 2,600 vehicles. UPS’ only self-owned LNG fu...

Monday, April 22, 2013

   The U.S. Federal Aviation Administration has officially approved design modifications for the Boeing 787's lithium battery system after giving the go-ahead for Boeing's certification plan in early March.    The final directive for a return to service for Boeing's 787 Dreamliner planes will be published in the Federal Register next week. The agency will also give aircraft operators instructions for implementing the new battery system.    In addition to other modifications...

Friday, April 19, 2013

   Home furnishings retailer IKEA this week switched on a large solar energy system installed at its distribution center in Perryville, Md.    The 768,972-square-foot photovoltaic (PV) array consists of a 2,674.9-kilowatt system, built with 18,576 panels, and is the state’s largest rooftop array. The IKEA distribution center will produce about 3,397,178 kilowatt-hours of electricity annually, the equivalent of reducing 2,397 tons of carbon dioxide, eliminating the emissions...

Friday, April 19, 2013

   Retail giant Walmart said it plans to procure about 7 billion kilowatts of electricity from renewable sources, such as solar and wind power, or 600 percent over its current use of these energy types by Dec. 31, 2020, according to an announcement made this week by Mike Duke, the company’s president and chief executive officer.    Walmart also plans to reduce the kilowatt-hour per square foot of energy required to power its buildings globally by 20 percent compared to 2010 leve...

Tuesday, April 16, 2013

   The Delaware Valley Regional Planning Commission (DVRPC) this week launched a new interactive online mapping application, PhillyFreightFinder.    The application is aimed at highlighting the region's freight network, denoting major freight routes, such as highways, rivers and rail lines, and key hubs of employment and goods movement, including ports and freight centers. The application is interactive, allowing the viewer to explore more than 350 individual features, each with a th...

Thursday, April 04, 2013

   The International Aerospace Environmental Group is preparing a global declarable substance list to be used voluntarily by aerospace product manufacturers.    The group says this list will help those in the supply chain know more about the chemicals and materials used to manufacture the equipment. This will result in increased efficiency, lowered costs and improved health benefits.     "Around the world, regulation is increasing on the use of certain materials in aer...

Wednesday, April 03, 2013

   The liner carrier OOCL said Monday it will no longer provide chassis for import and export shipments to and from facilities in Houston and Savannah from July 1.    The decision to stop providing chassis in Houston also applies to facilities in McAllen and Pharr, Texas.    “All motor carriers, either working as suppliers for OOCL or OOCL customers, must provide chassis for these shipments,” the carrier said in a customer notice. “Chassis usage fees for merchant (container...

Monday, April 01, 2013

   In the first quarter of 2013, the spot market stayed mostly flat, showing little volatility, which, according to BB&T Capital Markets, was great news for shippers but gave carriers less of a reason to be happy.    The absence of volatility, the analysts noted, has not been friendly to C.H. Robinson's truck brokerage operations. BB&T Capital Markets noted truck brokers perform better when there's either a shortage or excess of capacity.     The ...

Tuesday, March 26, 2013

   US Airways has approved the use of OnAsset Intelligence’s GPS tracking device on its flights, allowing shippers to use the company’s SENTRY FlightSafe program to track cargo location and manage environmental conditions.    The OnAsset device is packed in with the cargo, transmitting data to the shipper about the journey until the plane takes off and radio operations cease. The device collects temperature and other associated readings during the flight. Once the plane has land...

Tuesday, March 26, 2013

   The radio frequency identification (RFID) companies SML Group and Nordic ID have joined forces, the companies said in a statement Tuesday.    SML is a global supplier of brand identification labels and RFID data solutions, while Nordic ID is a RFID technology specialist.    The new bundled solutions offer Nordic ID RFID handheld readers that have been configured to run with SML’s ViziT retail and supply chain applications. The initial package is designed for in-plant appl...

Tuesday, March 26, 2013

   The U.S. Export-Import Bank has authorized more than $190 million in financing to support the export of Boeing 737-900ER aircraft to El Al Israel Airlines.    “This transaction will help ensure that El Al has a modern and efficient fleet that can meet the growing demands of their customer base,” said Ex-Im Bank Chairman Fred P. Hochberg, in a statement. “Ex-Im has a long and productive history of working with El Al, dating back to 1960.”    The National Association of Man...

Tuesday, March 26, 2013

   Panalpina has promoted Rick Jordan to senior vice president and regional head of logistics for the Americas, he announced in an e-mail to industry colleagues.    He will be based in Miami. Jordan currently heads the forwarder’s supply chain management business in the United States.    FORTE, a Mason, Ohio-based supply chain software and consulting firm, has appointed Drew Forte to senior director of strategic account sales.    He joins FORTE from SST Bearin...

Monday, March 25, 2013

   Chapman Freeborn has signed an agreement to handle Lufthansa Cargo's third-party chartering requirements.    The deal opens Lufthansa's clients to Chapman's charter aircraft and global network, while Chapman's customers will benefit from access to Lufthansa's freighter fleet.    Representatives from both companies signed the deal in Frankfurt last week. Lufthansa's Andreas Otto emphasized this move does not mean that Lufthansa is getting out of the charter business. ...

Thursday, March 21, 2013

   DHL Global Forwarding has unveiled its Double Decker solution, which allows users to stack freight inside standard 40-foot containers, leading to improved efficiency and less cargo damage.    The program is currently available on DHL-owned containers through Danmar Lines on routes from Hong Kong to Germany and to Shanghai and the United States. Double Decker will soon be expanded to additional routes, according to a company press release.    The solution involves a ...

Tuesday, March 19, 2013

   Chandra Brown has joined the U.S. Commerce Department as deputy assistant secretary for manufacturing.    In this role, she will be responsible for identifying factors affecting competitiveness and barriers to exports for more than 21 U.S. industry sectors.    As president of United Streetcars, Brown was responsible for securing federal funding to manufacture the first “Buy American” streetcars in the United States in the last 58 years. In addition, Brown was appointed t...

Tuesday, March 19, 2013

   Hiab, part of Cargotec corporation, has received 1.4 million euros ($1.8 million) in funding from the European Union for a three-year research project with three universities in Poland and Sweden to develop sustainable load-handling equipment.    Specifically, the project will focus on a new approach to control systems to improve operational safety and the efficiency of load-handling equipment. The project will also involve new design strategies for advanced light materials applie...

Friday, March 15, 2013

   Envirotainer has picked C.A.L Cargo Airlines as the first airline from Israel to earn its status as a qualified Envirotainer provider, signaling the airline has passed the requisite training to manage Envirotainer shipments.    The airline, which is only the eighth carrier in the world to gain such a status, can now handled the unit-load devices (ULDs) out of its stations in Tel Aviv, Liege and New York-JFK.    Envirotainer started the program at the behest of healt...

Wednesday, March 13, 2013

   Defense and aerospace giant Lockheed Martin will build tanks for liquefied natural gas to power ocean-going vessels at an idled NASA facility that previously made fuel tanks for the Space Shuttle, the company announced Tuesday.    The maritime industry is beginning to design vessels that can be powered by natural gas to save fuel costs and air-fouling emissions. Low-grade bunker oil burned today emits large amounts of particulate matter, sulfur and nitrogen oxide. Natural gas ...

Wednesday, March 13, 2013

   AirBridgeCargo has re-signed its unit load device (ULD)-management contract with CHEP Aerospace Solutions, extending the business relationship for another five years.    CHEP supplied ABC with more than 5,000 ULDs each month on flights from Russia to North America, Asia and Europe. ABC primarily uses cargo pallets, but CHEP also supplies non-mainstream load devices when needed.    CHEP, which manages a global pool of 55,000 ULDs, currently has 30 airline customers, inclu...

Wednesday, March 13, 2013

   Golden Cargo and time:logistics have banded together to create maritime services, promising high speed and reliability.     Speed is the most important aspect of the partnership, said time:matters Chief Executive Officer Franz-Joseph Miller.    "Our customers benefit especially from the combined expertise in the maritime and ship spares sectors as well as from an expanded transport network, with the shortest cut-off times and even more options for tailor-made lo...

Wednesday, March 13, 2013

   Globe Tracker International (GTI) has introduced a product for tracking and monitoring cargo and assets such as shipping containers.    “After working for over half a decade to develop, test and pilot Globe Tracker’s devices and networks, we are thrilled to offer GTI’s game-changing supply chain tracking, monitoring and trade data sharing technology to the global shipping industry,” said Jim Davis, founder and chief executive officer of Globe Tracker, which is based in C...

Tuesday, March 12, 2013

   Airplane lessor Air Transport Services Group has completed the merger of Air Transport International and Capital Cargo International Airlines, its two subsidiaries, forming the combined carriers under the Air Transport International banner.    ATI, which is based in Little Rock, Ark., has a fleet of 13 aircraft, consisting mostly of freighters and three combi planes. ATSG previously announced that it has no plans to purchase planes in 2013.    “This merger is the most sig...

Tuesday, March 12, 2013

   DHL has broken ground on an AED 100 million ($27 million) facility near Dubai intended to support ground operations in the Middle East and North Africa and allowing for increased service speed in the region.    The facility is expected to open during the fall of 2014.    The 185,844-square-foot development will include a 78,285-square-foot sorting and loading area and an office space spanning more than 46,000 square feet. DHL officials will install the new...

Monday, March 11, 2013

   Liner carrier APL has discontinued offering ocean service in the transpacific using 53-foot containers.    "The economics just didn't work," said Gene Seroka, chief executive officer of APL Americas. "We'll keep watching it, but at this time it's just not a viable option."    He said it was difficult to find exports to match inbound cargo arriving in the containers.    APL first rolled out the "ocean-capable" 53-foot containers in the fall of 2007, and disconti...

Thursday, March 07, 2013

   Katoen Natie USA will invest $150 million to build a plastics storage, packaging and distribution facility for petrochemical shippers in Baton Rouge, La., Louisiana Economic Development announced Wednesday.    A company official said the facility will handle the increased chemical production resulting from the booming growth of shale gas production in the United States.    The U.S. subsidiary of the Antwerp, Belgium-based logistics company Katoen Natie NV selected Lo...

Thursday, March 07, 2013

   BNSF Railway later this year will begin testing liquefied natural gas in a small number of locomotives, the company said Wednesday.    The demonstration program aims to determine if the alternative is viable as a power source for long-distance freight moves. Potential benefits include reduced fuel costs and emissions of greenhouse gas and diesel particulates.    Matthew Rose, chairman and chief executive officer of the holding company Burlington Nothern Sa...

Wednesday, March 06, 2013

Atlantic Trader    A container barge lost 22 containers overboard 18 miles off shore from Key Biscayne, the U.S. Coast Guard said Tuesday.    The mishap occurred around 1:15 p.m. on Monday as the 91-foot Atlantic Trader , operated by TransAtlantic Lines, was en route from Jacksonville, Fla., to Guantanamo Bay, Cuba.    The ship, with the help of three tugs, was pulled into Port Everglades, “with some containers still hanging over the side, and some container stacks fal...

Wednesday, March 06, 2013

   The U.S. Export-Import Bank has approved a final commitment of $1.1 billion to finance the export of Boeing 737-900ER planes to Lion Air, the largest privately owned airline in Indonesia.    The aircraft will be delivered to Lion Air, Malindo Airways (Malaysia) and Batik Air (Indonesia).    Ex-Im Bank estimates the transaction will support an estimated 7,300 jobs at Boeing’s plant in Renton, Wash., and its suppliers in numerous states across the country.   ...

Wednesday, March 06, 2013

   A U.S. Export-Import Bank direct loan in the amount of $28.6 million will allow Gamesa Wind US, based in Trevose, Pa., to assemble 12 wind turbines for export to a Honduran power company.    The transaction helps to expand a project first supported by the bank in 2010, when its long-term financing of 51 U.S.-built turbine generators established the Cerro de Hula Wind Farm in Santa Ana municipality, 22 kilometers south of Tegucigalpa, the capital of Honduras. The project developer a...

Monday, March 04, 2013

   Ryder Systems has enhanced its Dedicated Contract Carriage product and renamed it Ryder Dedicated.    Dedicated trucking essentially serves as a shipper's private fleet with the motor carrier or logistics supplier providing trucks, drivers, maintenance, dispatch, and administrative services along with guaranteed access to capacity compared to regular transportation contracts.    Ryder said it is has added a new proprietary Transportation Management System to optimiz...

Friday, March 01, 2013

   Miami-based Aeronautical Engineers Inc. said Thursday it will offer conversions of Bombardier CRJ100 and 200 regional jets to freighters, with a payload of up to 6.7 tons.    The oldest planes are at an age now that they can be acquired economically for conversion, it said.    The planes will be equipped with a cargo-loading system and be able to hold pallets and bulk shipments.

Wednesday, February 27, 2013

   Two wind turbines were installed this week at the Nestlé Waters North America (NWNA) bottling plant in Cabazon, Calif., which will provide 30 percent of the facility’s electricity.    “Hosting wind turbines at our bottling plants is a critical step for Nestlé Waters to support the increased use of renewable energy,” said Michael Washburn, vice president of sustainability for NWNA, in a statement Tuesday. “This latest effort in conjunction with our partnership with Foundation W...

Wednesday, February 20, 2013

   Airborne Maintenance and Engineering Services has signed a three-year maintenance agreement with DHL covering its Boeing 767-200 freighters.    The company will perform "C" checks, which is a periodic, comprehensive inspection of the aircraft. The check also includes any required servicing of the plane.    AMES has maintained these aircraft since 2009.    "DHL is confident in AMES’ ability to support our maintenance requirements through their quality workmanshi...

Tuesday, February 19, 2013

   The U.K.-based container design company Container Group Technology said Monday it has designed a new 20-foot shipping container able to provide 36 percent more pallet space than a standard 20-footer.    The company said the greater space is enabled by marginally increasing the outside dimensions of the container.    “The 20-20 SeaCell Container achieves this feat by being exactly 20 feet in length and seven feet, 11 inches wide internally,” CGT said. “Standard 20-foo tcon...

Tuesday, February 19, 2013

   The California-based technology developer Cargo Data Corp. said Monday it has developed two radio frequency solutions designed to automate in-transit temperature-monitoring programs.    The solutions are aimed at the many perishable-receiving operations that rely on conventional digital temperature recorders, which must be connected to a computer running proprietary software to view and print a temperature chart/graph, the company said.    “Once data is downloa...

Tuesday, February 19, 2013

   Andrew Clarke has resigned as president and chief executive officer of Panther Expedited Services, while R. Louis Schneeberger has been promoted to take over this role.    Edward Wadel, the company’s former chief information officer, is the new chief operating officer.    No reason was given for Clarke's resignation. He had served as president since 2006 and CEO since 2007. When Clarke was appointed CEO, he took over for founder Daniel Sokolo...

Wednesday, February 13, 2013

   The U.S. Export-Import Bank on Tuesday voted to guarantee a loan of more than $500 million provided by Apple Bank for Savings to OJSC VEB Leasing (VEBL) of Moscow for the export of a fleet of Boeing 777 planes to Russia.    Boeing delivered the first of the planes earlier this month.    VEBL, a subsidiary and leasing arm of the state-owned Vnesheconombank Group, will lease the planes to Aeroflot Russian Airlines.    “Russia is an important and growing mark...

Tuesday, February 12, 2013

   The container lessor Textainer continued to grow in 2012, increasing its revenues by 15.2 percent, year over year, to $487.1 million.    The company also ended the year strong, with a $127.3 million finish in revenue during the fourth quarter, a 9.4-percent rise over the same period in 2011. Net income and EBITDA (earnings before interest, taxes, depreciation, and amortization) also saw significant quarterly and yearly increases.    “The fourth quarter marked the cl...

Tuesday, February 12, 2013

   Wilhelmsen Technical Solutions (WTS) has set up a new office in Houston in response to increased client demand for its newbuilding and aftermarket products and services.    WTS is targeting increased business from the local offshore industry in the Gulf of Mexico and an expanded focus on Brazil, where deep-water offshore production is entering a new and dynamic phase.    “As offshore activity grows, the challenge for operators is sourcing a reliable partner with a global...

Tuesday, February 12, 2013

   The U.S. Export-Import Bank and ICICI Bank of India entered a memorandum of understanding pledging cooperation on financing projects beneficial to both India and the United States.    Up to $500 million in new transactions could be financed as a result of the initiative.    ICICI Bank is India's largest private sector bank and the MOU will support financing of U.S. goods and services by ICICI Bank's customers. Ex-Im and ICICI banks see export opportunities in air traffic ...