Intermodal

Russian coal miner modernizes, boosts exports

AJOT | August 01, 2012 | Intermodal

Russia's second-largest coal producer, Kuzbassrazrezugol, aims to increase exports this year and recover from a slump in output by 2016 after cutting costs and investing to modernise and improve rail shipments, its chief executive said. Read More »

Afghan truckers a forgotten front in a war growing deadlier by the day

AJOT | July 31, 2012 | Intermodal

In the cabins of their "jingle" trucks flamboyant with tinsel baubles and painted tiger patterns as they move NATO's war supplies, Habibullah thinks he and other drivers are becoming a forgotten front in an Afghan war growing more vicious. Read More »

ATA to FMCSA: new CSA revision process a start, but serious flaws remain

AJOT | July 31, 2012 | Intermodal

American Trucking Associations told the Federal Motor Carrier Safety Administration that while it supports the agency's new process for improving its carrier oversight program Compliance, Safety, Accountability, the system still has serious deficiencies t Read More »

IANA joins amici filing in case against Hours of Service Rule

AJOT | July 31, 2012 | Intermodal

The Intermodal Association of North America, along with 14 other trade associations, filed a joint amici curiae brief in a legal challenge to the Federal Motor Carrier Safety Administration's Hours of Service Final Rule. IANA believes that the previous Ho Read More »

Arkansas Best profit beats forecast

AJOT | July 31, 2012 | Intermodal

Trucking company Arkansas Best Corp reported a better-than-expected profit as pricing improved. Read More »

Brazil truck strike ends after deal with government

AJOT | July 31, 2012 | Intermodal

Brazilian truckers ended a week-old strike after agreeing to start talks with the government, in a stoppage that had raised worries over food prices as it disrupted the flow of goods in the country's heavily populated southeast. Read More »

CN Rail to shelve Quebec rail plan if miners don’t sign up soon

AJOT | July 31, 2012 | Intermodal

Canadian National Railway Ltd will soon shelve plans to build a C$5 billion ($4.9 billion) rail line to northern Quebec unless more miners sign deals with the rail operator to ship iron ore from the isolated region to port, CN's chief executive said. Read More »

Con-way misses profit foreecast on light freight

AJOT | July 31, 2012 | Intermodal

Con-way Inc. reported higher earnings that were slightly below Wall Street forecasts and revenue that was in line with estimates. Read More »

Landstar profit rises, beats estimates

AJOT | July 31, 2012 | Intermodal

Freight transportation and logistics company Landstar System Inc reported higher quarterly earnings, topping expectations, led by demand for its trucking services. Read More »

Prologis may sell about $800 million of US properties

AJOT | July 31, 2012 | Intermodal

Warehouse owner Prologis may sell about $800 million of U.S. properties by the end of 2012 amid growing investor demand for industrial buildings, according to a media report. Read More »

Universal Truckload to buy Linc Logistics for $335 mln

AJOT | July 31, 2012 | Intermodal

Universal Truckload Services Inc. will buy privately held Linc Logistics Co for $335 million, including debt, bringing together two companies controlled by trucking magnate Manuel Moroun. Read More »

ATA truck tonnage jumped 1.2% in June

AJOT | July 24, 2012 | Intermodal

The American Trucking Associations' advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1.2% in June after falling 1.0% in May. (May's loss was larger than the 0.7% drop ATA reported on June 19.) June's increase was the largest month- Read More »

CN Railway raises full-year forecast as profit jumps

AJOT | July 24, 2012 | Intermodal

Canadian National Railway Co beat the Street with a 17 percent rise in quarterly profit, reporting higher volumes in most of the products it ships due to a strike at rival CP Rail, and it raised its 2012 profit forecast. Read More »

CP Rail profit hurt by strike, new CEO costs

AJOT | July 24, 2012 | Intermodal

Canadian Pacific Railway Ltd, fresh from a proxy battle that ousted its chairman and chief executive, reported a 20 percent drop in quarterly earnings due to the impact of a strike and management transition costs. Read More »

Norfolk Southern profit up despite coal drop

AJOT | July 24, 2012 | Intermodal

Railroad company Norfolk Southern Corp reported a higher quarterly profit and flat revenue, with increased general merchandise and intermodal revenue offsetting a double-digit drop in revenue from coal. Read More »

RailAmerica posts higher profit

AJOT | July 24, 2012 | Intermodal

RailAmerica Inc, which agreed to be bought by bigger rival Genesee & Wyoming Inc for $1.39 billion, posted a higher quarterly profit as it shipped more goods at a higher price. Read More »

Cold Train to expand refrigerated container fleet and destinations

AJOT | July 24, 2012 | Intermodal

As a result of continued growth, Cold Train is expanding its Washington State based refrigerated container fleet to 300 state-of-the-art 53' containers (all built by Hyundai), and will also be adding several new destinations this year. Read More »

Genesee & Wyoming to buy RailAmerica for $1.4 billion

AJOT | July 23, 2012 | Intermodal

Genesee & Wyoming Inc said it will buy rival RailAmerica Inc for $1.39 billion in cash to create one of the biggest regional railroad operators in the United States. Read More »

Rising lumber shipments brighten rail outlook

AJOT | July 23, 2012 | Intermodal

U.S. railroad shipments of lumber are gaining momentum, signaling a construction upturn that should drive up shipping volume of consumer products from appliances to furniture. Read More »

Ryder System lifts full-year profit forecast

AJOT | July 23, 2012 | Intermodal

Trucking and logistics company Ryder System Inc posted a better-than-expected quarterly profit on higher lease and rental revenue, and raised its full-year earnings forecast, sending its shares up 10 percent before the bell. Read More »