AJOT Digital Edition
Issue #587

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Project Cargo / Heavy Lift Bi-Annial

South Carolina Ports

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2014 Media Kit

Intermodal

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Package & courier buys to deliver growth at TransForce

AJOT | August 03, 2011 | Intermodal

TransForce Inc is eyeing more acquisitions in the high-margin package and courier space to drive growth, as the Canadian trucker continues to move away from its traditional business of small freight shipping.

The company, which posted a second-quarter Read More »

Arkansas Best swings to Q2 profit

AJOT | August 03, 2011 | Intermodal

Arkansas Best Corp swung to a quarterly profit that beat market estimates on healthy tonnage levels and increased account pricing, snapping its losing streak of 10 consecutive quarters.

"However, the progress made so far does not produce sufficient re Read More »

Hub Group Q2 results beats Street

AJOT | July 27, 2011 | Intermodal

Freight management company Hub Group Inc posted better-than-expected quarterly results as its intermodal segment drove sales growth.

For the April-June period, the company earned $14.4 million, or 39 cents a share, compared with $9.6 million, or 26 ce Read More »

Canadian Pacific Q2 profit falls on flooding woes

AJOT | July 27, 2011 | Intermodal

Canadian Pacific Railway reported a 23 percent fall in second-quarter profit as harsh weather and prolonged flooding hampered railroad operations.

Canada's second-biggest railroad said April-June profit fell to C$128 million ($135.7 million), or 75 Ca Read More »

Norfolk Southern Q2 profit beats estimates

AJOT | July 27, 2011 | Intermodal

U.S. railroad Norfolk Southern Corp reported higher quarterly profit that beat Wall Street forecasts, with the coal and intermodal sectors leading a double-digit revenue increase.

Fuel costs and tight truck capacity have driven more shipments to the r Read More »

ATA truck tonnage index jumped 2.8% in June

AJOT | July 25, 2011 | Intermodal

The American Trucking Associations' advance seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 2.8% in June after decreasing a revised 2.0% in May 2011. May's drop was slightly less than the 2.3% ATA reported on June 27, 2011. The latest gain Read More »

Union Pacific sees rail oil shipments quadrupling

AJOT | July 25, 2011 | Intermodal

Union Pacific Corp, the largest publicly held U.S. railroad, said it it expects to quadruple the amount of oil it carries this year from the Bakken shale formation in North Dakota to U.S. Gulf Coast refineries.

"We'll probably quadruple the amount thi Read More »

CN Rail second-quarter earnings rise 4%

AJOT | July 25, 2011 | Intermodal

Canadian National Railway Co reported a 4 percent increase in quarterly earnings on Monday as freight volumes rose and revenues increased across commodity groups.

The increase in earnings came despite difficulties including floods in Western Canada, f Read More »

Vitran Q2 lags Street on weak US operations

AJOT | July 25, 2011 | Intermodal

Canadian trucking company Vitran Corp posted a wider-than-expected quarterly loss, despite a 23 percent rise in revenue, hurt partly by weakness in its U.S. operations.

"Our U.S. LTL (less than truckload) operation had a significant challenge working Read More »

YRC completes restructuring, appoints new CEO

AJOT | July 25, 2011 | Intermodal

U.S. trucker YRC Worldwide Inc named transportation industry veteran James Welch as its new chief executive, effective immediately, and revamped its board after completing a financial restructuring.

Welch, who has more than 30 years of experience in t Read More »

Kansas City Southern Q2 profit rises

AJOT | July 25, 2011 | Intermodal

U.S. railroad company Kansas City Southern reported higher quarterly results driven by robust auto, intermodal and coal segments, and said revenue growth in the second half would surpass the first half.

Midwest flooding disrupted traffic for some of t Read More »

Landstar results top estimates

AJOT | July 24, 2011 | Intermodal

Freight transportation and logistics company Landstar System Inc posted a higher-than-expected quarterly profit, sending shares up more than 6 percent to their highest level in nearly three years.

The company said strong pricing and an improving freig Read More »

Rail, roads need upgrade as Paranagua port expands

AJOT | July 24, 2011 | Intermodal

Authorities should improve road and rail links to Paranagua in southern Brazil as part of the expansion of the port, said Plinio Nastari, head of the Datagro sugar consultancy.

Paranagua port plans a $1.6 billion expansion that will increase its capac Read More »

Werner Enterprises Q2 results beat Street

AJOT | July 24, 2011 | Intermodal

Trucking and logistics company Werner Enterprises Inc's quarterly results topped estimates helped by higher revenues due to contractual rate increases.

For the second quarter, net income was $27.5 million, or 38 cents a share, compared with $20.9 mill Read More »

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