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Issue #592

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Breakbulk Quarterly

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2014 Media Kit

Intermodal

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TransCanada boosts Keystone XL cost nearly 50 percent to C$8 billion

Reuters | November 04, 2014 | Breakbulk & Projects | Projects | Energy | Pipeline | Intermodal | Rail

TransCanada Corp, Canada’s No.2 pipeline company, on Tuesday raised estimated capital costs for its controversial Keystone XL project to C$8 billion ($7.02 billion) from an initial projection of C$5.4 billion, citing lengthy delays. Read More »

ATRI Seeks Motor Carrier Input on Detention Time Impacts

PR Newswire | November 04, 2014 | Intermodal | Road

The American Transportation Research Institute (ATRI), the trucking industry's not-for-profit research organization, today launched a new data collection effort on Detention Time Impacts on Industry Safety and Productivity. The survey seeks motor carrier input to evaluate the impact that shippers and receivers may have on the industry's safety and productivity. Read More »

Montenegro, China’s Exim Bank agree $1 billion highway deal

Reuters | October 31, 2014 | Intermodal | Road

Montenegro and China's Exim Bank have signed an 800 million euro ($1 billion) deal to finance a stretch of highway linking the port of Bar with Serbia, despite opposition to the deal from the International Monetary Fund (IMF) which said it threatened fiscal stability. Read More »

Old Dominion Freight Line reports strong growth in the third quarter

AJOT | October 31, 2014 | Intermodal | Road

Old Dominion Freight Line, Inc. (NASDAQ: ODFL) announced financial results for the three-month and nine-month periods ended September 30, 2014. For the quarter, revenue increased 20.6% to $743.6 million from $616.5 million for the third quarter of 2013. Net income was $77.9 million for the third quarter of 2014, up 29.5% from $60.1 million for the comparable quarter of 2013. Earnings per diluted share rose 28.6% to $0.90 for the third quarter of 2014 from $0.70 for the third quarter of 2013. The Company's operating ratio improved to 83.0% for the third quarter of 2014 from 84.1% for the same period last year. Read More »

SHIFT Freight Celebrates First Anniversary and Record-Setting Growth

AJOT | October 30, 2014 | Intermodal | Road

SHIFT Freight, a California-based LTL carrier, has been dedicated to providing unmatched Premium LTL shipping services since it opened its doors in quarter three of 2013. On the heels of its one-year anniversary last month, the young company has announced exceptional growth while providing industry-leading service levels, solidifying its place as a top player in the freight industry. Read More »

Soymeal jumps 6 percent on rail woes, record export demand

Reuters | October 29, 2014 | Intermodal | Rail | International Trade

U.S. soymeal surged nearly 6 percent on Wednesday, increasing this week’s gains to the largest in six years as a slow start to a record soybean harvest coupled with slow traffic on the nation’s railroads forced crushing plants to cover short cash positions in the futures market. Read More »

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