Intermodal

Union Pacific profit bests estimates despite coal slump

AJOT | July 18, 2012 | Intermodal

Union Pacific Corp, the No. 1 U.S. publicly held railroad, reported a higher quarterly profit as growth in automotive, chemicals, industrial products and intermodal shipping offset a big drop in coal volume. Read More »

Colombia rail blast slows transport at Cerrejon coal mine-media

AJOT | July 16, 2012 | Intermodal

An explosion on a railway line that feeds into Colombia's biggest coal miner, Cerrejon, slowed transport between the mine and a Caribbean port in northern La Guajira province, local media reported. Read More »

J.B. Hunt profit meets estimate, revenue misses

AJOT | July 16, 2012 | Intermodal

U.S. trucker J.B. Hunt Transport Services reported quarterly profit that matched Wall Street estimates while revenue increased slightly less than expected on higher expenses. Read More »

Kansas City Southern revenue trails estimates

AJOT | July 16, 2012 | Intermodal

Railroad company Kansas City Southern reported a slightly higher-than-expected quarterly profit, but revenue lagged estimates on a bigger-than-expected drop in coal shipments. Read More »

Kansas City Southern revenue trails estimates

AJOT | July 16, 2012 | Intermodal

Railroad company Kansas City Southern reported a slightly higher-than-expected quarterly profit, but revenue lagged estimates on a bigger-than-expected drop in coal shipments. Read More »

Transcontainer Q1 earnings double yr/yr

AJOT | July 16, 2012 | Intermodal

Russian rail group Transcontainer said its first-quarter net profit doubled, year-on-year, to stand at 1.2 billion roubles ($36.80 million). Read More »

Rift Valley Railways to spend $62 million on wagons

AJOT | July 15, 2012 | Intermodal

Rift Valley Railways is to spend $62 million buying new wagons and restoring old ones to help it win a bigger share of the region's freight market, the Kenyan firm said Read More »

Old Dominion’s New Duluth, Minnesota, service center

AJOT | July 10, 2012 | Intermodal

Old Dominion Freight Line, Inc. has opened its newest service center, an eight-door facility that will serve as a gateway to the Great Lakes shipping area in northern Minnesota and northwestern Wisconsin. Read More »

CN to construct five long sidings on B.C. North Line as part of C$155-million expenditure

AJOT | July 10, 2012 | Intermodal

CN announced that it plans to construct five extended sidings on its B.C. North Line in 2012 as part of a multi-year capital program to expand freight train capacity to handle growing freight volumes along its important Edmonton, Alta.-Prince Rupert, B.C. Read More »

FEC applauds new focus on freight in Federal Transportation Bill

AJOT | July 10, 2012 | Intermodal

Following months of bicameral and bipartisan negotiations, Congress has emerged with a 27-month bill containing a number of provisions that place unprecedented emphasis on freight movement and its importance to the United States economy. Florida East Coa Read More »

New report sees trucking gains through 2023

AJOT | July 10, 2012 | Intermodal

After a significant dip during the Great Recession, and a mild economic recovery, the U.S. freight economy, particularly for trucking, is projected to grow significantly in the years ahead, according to American Trucking Associations' U.S. Freight Transpo Read More »

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 »