Intermodal

Another Canadian Pacific board member resigns

AJOT | July 10, 2012 | Intermodal

Canadian Pacific Railway board member Tony Ingram resigned, seven weeks after a bitter proxy battle led to the resignations of top executives at Canada's second-largest railroad. Read More »

China Railway Materials cuts Shanghai IPO target to $943 million

AJOT | July 10, 2012 | Intermodal

China Railway Materials Commercial Corp plans to raise up to 6 billion yuan ($943 million) through the Shanghai leg of its proposed Shanghai-Hong Kong dual-listing, down 60 percent from its initial target, its draft prospectus showed. Read More »

Globaltrans share sale to raise $450 mlllion for M&A

AJOT | July 10, 2012 | Intermodal

Globaltrans Investment plans to raise around $450 million via a share sale, the Russian freight operator said, giving it added firepower to expand and make possible further acquisitions. Read More »

New Old Dominion service center to handle company’s growth in Southern California

AJOT | July 10, 2012 | Intermodal

Old Dominion Freight Line, Inc. opened its newest service center, a 64-door facility to serve increased freight traffic in southern California. Read More »

Old Dominion opens new Pensacola, Florida service center

AJOT | July 10, 2012 | Intermodal

New 24-door terminal to serve cities in Alabama and Florida.

Old Dominion Freight Line, Inc. today opened a new service center that will bring the company closer to its customers along the Florida panhandle and in eastern Alabama. Read More »

Two bodies buried by coal from derailed Illinois train

AJOT | July 10, 2012 | Intermodal

The bodies of two people trapped in a car under giant mounds of coal, which spilled from a derailed train near Chicago, have been unearthed and removed from the scene, authorities said. Read More »

Green Mountain’s coffee distributor brews controversy

AJOT | July 09, 2012 | Intermodal

A U.S. Securities and Exchange Commission investigation into the accounting practices of Green Mountain Coffee Roasters is casting a spotlight on M. Block & Sons, a little-known consumer products distributor. Read More »

Quebec rail plan stirs hope, concern in Canada’s iron belt

AJOT | July 09, 2012 | Intermodal

Canada's biggest railroad wants to build a C$5 billion ($4.8 billion) rail line to ship iron ore from isolated northern Quebec to port, a crucial link that could transform Canada into the world's third-largest producer of steel's main component. Read More »

NASSTRAC applauds Highway Bill as positive for shippers reliant on truck transportation

AJOT | July 02, 2012 | Intermodal

NASSTRAC, an industry association representing shippers, today commended members of the House and Senate conference committee for their work in passing a highway bill that lays a foundation addressing America's need for adequate freight transportation inf Read More »

Genesee & Wyoming, Watco eye RailAmerica

AJOT | July 02, 2012 | Intermodal

Regional railroad operator RailAmerica Inc has attracted takeover interest from rival transportation companies Genesee & Wyoming Inc and Watco Companies LLC, according to people familiar with the matter. Read More »

New CP Rail boss Harrison shifted culture at CN

AJOT | July 02, 2012 | Intermodal

Hunter Harrison, appointed to take the helm at Canadian Pacific Railway Ltd, engineered a turnaround at rival Canadian National Railway. Read More »

Union Pacific CEO sees slow, steady economy

AJOT | July 02, 2012 | Intermodal

Union Pacific Corp's chief executive said the steep slump in coal shipments has likely bottomed out and overall peak-season shipping volumes this year should be a little higher than in 2011. Read More »

ATA hails Transportation Bill as step forward for safety, efficiency

AJOT | June 28, 2012 | Intermodal

The American Trucking Associations saluted members of the House and Senate conference committee for their work in passing a safety-conscious highway bill that lays a solid foundation for addressing America's need for an efficient goods movement network. Read More »

Freight prevails in Transportation Bill Conference Report

AJOT | June 28, 2012 | Intermodal

Following months of bicameral and bipartisan negotiations, members of the Surface Transportation Conference Committee have filed a Conference Report. The proposed two-year bill contains a number of provisions that place unprecedented emphasis on freight m Read More »

House approves major transportation reform bill

AJOT | June 28, 2012 | Intermodal

The U.S. House of Representatives today approved a major transportation bill by a vote of 373 to 52. 'This measure includes historic reforms ' cutting red tape and consolidating or eliminating nearly 70 federal programs,' said Transportation and Infrastr Read More »

Canadian Pacific names Hunter Harrison CEO

AJOT | June 28, 2012 | Intermodal

Canadian Pacific Railway Ltd named Hunter Harrison its chief executive, months after a boardroom shakeup had been triggered by a top shareholder's calls for a change in leadership. Read More »

Dead migrants dumped by roadside in Tanzania

AJOT | June 26, 2012 | Intermodal

Dozens of dead Ethiopian immigrants were dumped on the side of a road in Tanzania after suffocating in a container truck along with many others who survived, in the second fatal human trafficking incident in the country this year. Read More »

Canadian Pacific board member George resigns

AJOT | June 26, 2012 | Intermodal

Canadian Pacific Railway, the country's second-largest railroad operator, said that board member Rick George has stepped down, roughly a month after a bitter proxy battle led to the resignations of the company's top executives. Read More »

Canada might impose rules in rail shipment tiff

AJOT | June 25, 2012 | Intermodal

The Canadian government will probably have to impose new rules on railways and their customers after four months of negotiations failed to find a formula to get grain shippers and other customers the service levels they demand. Read More »

Schneider National Trucks and Commercial Fleet Financing, Inc. strike a $99 deal for truck owners

AJOT | June 25, 2012 | Intermodal

In an effort to further help small business owners in the trucking and transport market, Commercial Fleet Financing, Inc. is working with Schneider National to provide a highly unique low-cost financing program for used truck buyers. Read More »