Intermodal

Kansas City Southern Q4 earnings rise

AJOT | January 24, 2012 | Intermodal

Kansas City Southern reported higher fourth quarter earnings that slightly missed forecasts, and its stock fell 3 percent in after-hours trading. Read More »

Lack of rail cars hampers Kazakh grain exports

AJOT | January 24, 2012 | Intermodal

Kazakhstan exported around 4.1 million tons of grain and flour in the four months to Dec. 31, the Agriculture Ministry said, saying a lack of rail cars was a bottleneck as the pace appeared to lag behind its forecasts for the full year. Read More »

Canadian Pacific opens Toronto repair shop

AJOT | January 19, 2012 | Intermodal

Canadian Pacific Railway Ltd , under pressure from an activist shareholder, said that it has opened its fourth locomotive repair "super shop" in Toronto. Read More »

Con-way Freight launches iPad’ application for online shipping services

AJOT | January 19, 2012 | Intermodal

Con-way Freight, a less-than-truckload (LTL) carrier and subsidiary of Con-way Inc. announced the launch of its Con-way Freight Tools iPad' application for registered web users. The iPad app provides customers the option to create a personalized rate quot Read More »

Rain, snow slow grain movement in Pacific Northwest

AJOT | January 19, 2012 | Intermodal

Grain transportation slowed in the Pacific Northwest as heavy rain, snow and ice walloped the region, a key exporter to Asia. Read More »

Union Pacific tops forecasts

AJOT | January 19, 2012 | Intermodal

Union Pacific Corp, the No. 1 U.S. publicly held railroad, reported higher quarterly profit and revenue that beat estimates, driven by higher volume, core price gains and fuel surcharges. Read More »

Canadian Pacific earmarks C$1.2 bln in capital plan

AJOT | January 16, 2012 | Intermodal

Canadian Pacific Railway Ltd , which is under pressure from an activist shareholder, said it will invest between C$1.1 billion ($1.08 billion) and C$1.2 billion in its business operations this year. Read More »

ATA mourns passing of industry legend Schneider

AJOT | January 16, 2012 | Intermodal

American Trucking Associations President and CEO Bill Graves, on behalf of the industry, has expressed their condolences and sympathy for the family of Donald Schneider, chairman emeritus and former president and CEO of Schneider National Inc., following Read More »

Harrison, tipped for CP Rail, shifted culture at CN rail

AJOT | January 16, 2012 | Intermodal

Hunter Harrison engineered a turnaround at Canadian National Railway by making his trains run on time, like dictator Mussolini promised for Italy, calling even low-ranking employees if a screen mounted in his office pointed to a problem. Read More »

Schneider National extends contract with CSX Transportation

AJOT | January 16, 2012 | Intermodal

Schneider National, Inc., a premier provider of transportation, intermodal and logistics services, has announced that it has signed a new, multiyear agreement with CSX Transportation under which the railroad will serve as one of Schneider's primary rail p Read More »

Transcontainer warns of uncertain 2012

AJOT | January 16, 2012 | Intermodal

Russian rail group Transcontainer warned of an uncertain 2012 as it reported a quadrupling of nine month profit to just under 3 billion roubles ($94.70 million). Read More »

Vale to build $1 billion rail lines in Malawi

AJOT | January 16, 2012 | Intermodal

Malawi has signed a $1 billion deal with Brazil's Vale for the construction and rehabilitation of a rail line that will transport 18 million tonnes of coal from Mozambique, government officials said. Read More »

Tennessee Express’ Manning elected IANA Chairman for 2012

AJOT | January 11, 2012 | Intermodal

The Intermodal Association of North America's Board of Directors has announced the results of its 2012 officers election. Dave Manning, long-time IANA member and President of Tennessee Express, Inc., was elected as the Association's new Chairman. Manning, Read More »

Ackman won’t try to oust entire CP board

AJOT | January 11, 2012 | Intermodal

William Ackman's Pershing Square Capital Management plans to propose a minority slate of alternate directors for Canadian Pacific Railway Ltd rather than attempt to replace the entire board, the Globe and Mail newspaper said. Read More »

Con-way Freight named Walmart’s 2011 National LTL Carrier of the Year

AJOT | January 11, 2012 | Intermodal

Con-way Freight, a less-than-truckload (LTL) carrier and subsidiary of Con-way Inc., has announced that it has been named by Walmart as its 2011 National LTL Carrier of the Year. Read More »

CSX offers pre-certified, rail-ready sites for fast-track industrial development

AJOT | January 11, 2012 | Intermodal

CSX has introduced a new program, CSX Select Sites, offering customers an easy way to access certified, rail-ready properties for a variety of industrial uses. Read More »

Funding crunch sinks Turkey mega-highway tender

AJOT | January 11, 2012 | Intermodal

Turkey cancelled a tender for an estimated $5 billion highways project after builders blamed an international funding crunch for scaring off bids for the scheme, which included a third bridge over the Bosphorus strait between Europe and Asia. Read More »

GE lands order for 43 locomotives from Transnet

AJOT | January 11, 2012 | Intermodal

General Electric Co said it booked an order for 43 railroad locomotives from South African government-owned Transnet, continuing its trend of strong demand from outside the United States Read More »

South Africa, Swaziland to build $2 billion rail line, network

AJOT | January 11, 2012 | Intermodal

South African logistics group Transnet and Swaziland Railways have agreed to build a new rail line via Swaziland that would ease congestion on a main coal export line and boost trade in the region, the companies said. Read More »

Investor to launch proxy battle vs Canadian Pacific

AJOT | January 11, 2012 | Intermodal

William Ackman's Pershing Square Capital Management is putting together a slate of proposed directors to replace the board of Canadian Pacific Railway Ltd, the activist investor said. Read More »