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Issue #588

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Intermodalism

Inland Ports

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2014 Media Kit

Intermodal

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TransContainer prices IPO at bottom of range

AJOT | November 09, 2010 | Intermodal

State-owned Russian Railways unit TransContainer priced its IPO near the bottom of the range to raise $400 million in London and Moscow, giving investors exposure to its vast rail network.

TransContainer , which counts aluminium giant UC RUSA Read More »

New rules for truck drivers returning after stroke

AJOT | November 07, 2010 | Intermodal

Commercial truck and bus drivers who suffer a stroke should wait at least a year and be able to pass a driving test and a series of health assessments before getting in front of a wheel again, according to a U.S. expert panel.

The panel, appointed by Read More »

YRC gets labor deal

AJOT | November 07, 2010 | Intermodal

YRC Worldwide Inc said its workers had agreed to extend financial concessions considered key to the company's survival.

The agreement with the International Brotherhood of Teamsters should save YRC, the nation's top less-than-truckload carrier, an est Read More »

Pacer Q3 results lag Wall Street

AJOT | November 07, 2010 | Intermodal

Third-party logistics provider Pacer International posted lower-than-expected quarterly results as its intermodal volumes were hurt by effects of Hurricane Alex in Mexico.

For the third quarter, the company reported earnings of $1.1 million, 3 cents a Read More »

McKinnon Scholarship established by Norfolk Southern Corp.

AJOT | November 07, 2010 | Intermodal

Norfolk Southern Corporation recently hosted a luncheon to announce the establishment of the Arnold B. McKinnon Scholarship at the University of Denver. The McKinnon Scholarship will support graduate education in intermodal transportation management at th Read More »

Garbage may be growth driver for Canada’s truckers

AJOT | November 07, 2010 | Intermodal

Canadian truckers are moving into less traditional areas such as collecting garbage and delivering parcels after the recession exposed their reliance on core trucking businesses like cargo and small freight shipping.

Mid-tier truckers TransForce Inc, Read More »

Arkansas Best Q3 loss narrower-than-expected

AJOT | November 07, 2010 | Intermodal

U.S. trucking company Arkansas Best Corp posted a narrower-than-expected third-quarter loss, partly helped by an improvement in daily tonnage levels at its largest unit, ABF Freight System.

"Continuing improvements in ABF's year-over-year and sequenti Read More »

Contrans Q3 misses market on higher expenses

AJOT | November 07, 2010 | Intermodal

Canadian cross-border trucker Contrans Inc's quarterly profit trailed estimates, hurt by higher operating expenses, accident costs and revenue decline from delayed projects, but said it expects its waste management acquisitions to augment revenue going fo Read More »

Con-way misses estimates, but sees improvement

AJOT | November 07, 2010 | Intermodal

U.S. trucking and logistics company Con-way Inc reported third-quarter profit and revenue below forecasts, but shares rose as it said it has seen improvement heading into the fourth quarter.

Chief Executive Douglas Stotlar said costs for corporate off Read More »

ABF drivers named America’s Road Team Finalists

AJOT | November 07, 2010 | Intermodal

ABF Freight System, Inc.',drivers are among the 33 professional truck drivers named as finalists to become Captains on the 2011-2012 America's Road Team, selected by the American Trucking Associations (ATA). Named finalists were ABF drivers David Boyer of Read More »

Genesee & Wyoming Q3 profit beats on higher freight revenue

AJOT | November 07, 2010 | Intermodal

Genesee & Wyoming Inc , which owns and operates short-line and regional railroads, posted better-than-expected quarterly earnings, helped by a rise in freight revenue, and said it expects to complete its acquisition of Australia's FreightLink in November. Read More »

Caterpillar unit to open US rail locomotive factory

AJOT | October 31, 2010 | Intermodal

Caterpillar Inc , the U.S. heavy equipment maker that has been moving aggressively into the rail business, will announce plans to open a railcar facility in east central Indiana, the (Muncie) Star Press newspaper reported.

Citing unnamed sources, the Read More »

Norfolk Southern Q3 profit tops forecasts

AJOT | October 31, 2010 | Intermodal

U.S. railroad Norfolk Southern Corp reported a higher-than-expected third quarter profit as volumes grew for the fifth straight quarter.

"We continue to see an economy characterized by slow growth, but growth nonetheless," Chief Executive Wick Moorman Read More »

ABF files legal actions against Teamsters, YRC Companies

AJOT | October 31, 2010 | Intermodal

ABF Freight System, Inc.',(ABF), the largest subsidiary of Arkansas Best Corporation and a leading less-than-truckload transportation company, has filed legal actions against the International Brotherhood of Teamsters (IBT) and other parties including sev Read More »

ATA truck tonnage index rose 1.7% in September

AJOT | October 27, 2010 | Intermodal

The American Trucking Associations' advance seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1.7 percent in September after falling a revised 2.8 percent in August. The latest gain put the SA index at 108.7 (2000=100) in September from 106. Read More »

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