Intermodal

Kansas City Southern says coal shipments weaker

AJOT | May 17, 2012 | Intermodal

Railroad operating company Kansas City Southern said shipments of coal, farm products and chemicals were weaker than expected a month ago, but kept its full-year profit forecast unchanged, saying shipments should pick up once the railroad moves past tempo Read More »

Toll blames weak Japan for profit warning

AJOT | May 17, 2012 | Intermodal

Toll Holdings Ltd, blamed a weak Japanese economy for a profit warning and writedowns. Read More »

CP Rail CEO resigns in victory for dissident Ackman

AJOT | May 16, 2012 | Intermodal

Canadian Pacific Railway Ltd Chief Executive Fred Green conceded defeat in a long bitter proxy battle with New York activist shareholder William Ackman, resigning from his job and clearing the way for a management overhaul at the country's second-biggest Read More »

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

AJOT | May 16, 2012 | Intermodal

Hunter Harrison, leading candidate to take the helm at Canadian Pacific Railway Ltd, engineered a turnaround at Canadian National Railway by pushing his employees to make the trains run on time. Read More »

CP Rail still seeks turnaround as proxy battle ends

AJOT | May 15, 2012 | Intermodal

Storied Canadian Pacific Railway Ltd faces tough challenges as a grueling proxy battle nears its end, and a likely new boss must meet investors' high expectations as well as keeping staff and employees happy after a four-month battle for control. Read More »

Transcontainer boosts dividend

AJOT | May 15, 2012 | Intermodal

Russian rail group Transcontainer said its board of directors recommended a 30-fold increase in its 2011 dividend payments after its net profit quadrupled ahead of a possible privatisation of the company. Read More »

IES hits the road running with Canadian highway ACI certification

AJOT | May 14, 2012 | Intermodal

Transportation software provider, IES, Ltd., announces that the company has been certified by CBSA as an authorized Canadian ACI highway software provider. IES will now provide one cloud-based gateway for truck shipments traveling from the US into Canada Read More »

Amazon aims for top three in China market

AJOT | May 10, 2012 | Intermodal

Amazon.com Inc, the world's largest online retailer, is prepared to run losses in China to secure a position among the top three players by sales in the country's cut-throat but booming e-commerce market, its China chief said. Read More »

Pershing gets more backing ahead of CP Rail showdown

AJOT | May 10, 2012 | Intermodal

Activist investor William Ackman's push to shake up Canadian Pacific Railway Ltd gathered more steam on Wednesday, with a third advisory firm endorsing his entire slate of board nominees ahead of the company's annual meeting next week. Read More »

CP Railway union backs strike mandate

AJOT | April 29, 2012 | Intermodal

Members of the union representing about 5,000 conductors, trainmen, yardmen, locomotive engineers and traffic controllers at Canadian Pacific Railway Ltd have voted 95 percent in favor of a strike mandate, the latest challenge for Canada's second-biggest Read More »

Globaltrans buys $540 million Metalloinvest unit

AJOT | April 29, 2012 | Intermodal

Russian freight firm Globaltrans Investment is buying the railcar unit of iron ore miner Metalloinvest for $540 million, boosting its fleet to around 60,000 units, it said, as it forecast more consolidation for the sector. Read More »

Trucker TransForce profit doubles on courier

AJOT | April 29, 2012 | Intermodal

Canadian trucker TransForce Inc's quarterly profit more than doubled, helped partly by robust performance at its package and courier unit, sending its shares up 7 percent to a more than five-year high. Read More »

CP Railway union backs strike mandate

AJOT | April 29, 2012 | Intermodal

Members of the union representing about 5,000 conductors, trainmen, yardmen, locomotive engineers and traffic controllers at Canadian Pacific Railway Ltd have voted 95 percent in favor of a strike mandate, the latest challenge for Canada's second-biggest Read More »

Kansas City Southern, Norfolk Southern profit rises

AJOT | April 24, 2012 | Intermodal

Railroads Kansas City Southern and Norfolk Southern each reported higher quarterly profit that beat Wall Street estimates, as automotive and intermodal shipments more than offset weakness in coal volume. Read More »

Old Dominion kicks off Nationwide Truck Tour in Tulsa

AJOT | April 24, 2012 | Intermodal

The Old Dominion Tulsa Service Center hosted the first of eight stops on the 2012 Old Dominion Truck Tour, a nationwide excursion aimed at celebrating the company's history and vision for the future with customers, employees and communities. Read More »

Road Systems, Inc. receives 2011 award from Truck Trailer Manufacturers Association

AJOT | April 24, 2012 | Intermodal

Road Systems, Inc. (RSI), a trailer manufacturer and subsidiary of Con-way Inc. (NYSE: CNW), today announced that it has been honored with the 2011 Plant Safety Award from the Truck Trailer Manufacturers Association (TTMA). This is the third time that RSI Read More »

ATA Truck Tonnage Index up 0.2% in March

AJOT | April 23, 2012 | Intermodal

The American Trucking Associations' advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 0.2% in March after increasing 0.5% in February. (February's rise was unchanged from the preliminary gain we reported on March 27th.) The SA index stoo Read More »

CN Rail sees 2012 profit at top end of forecast

AJOT | April 23, 2012 | Intermodal

Canadian National Railway said its full-year earnings would come in at the top end of an earlier forecast after a mild winter and improving economy helped it lift first-quarter earnings by 16 percent, beating market expectations. Read More »

Kansas City Southern profit up; to pay dividend

AJOT | April 23, 2012 | Intermodal

ailroad company Kansas City Southern reported higher earnings on a record first-quarter increase in carload volumes, boosted by intermodal and automotive shipment revenue that more than offset weakness in coal. Read More »

RailAmerica names new Chief Commercial Officer

AJOT | April 23, 2012 | Intermodal

RailAmerica, Inc. announced that Gary Lewis has been named senior vice president and chief commercial officer. The appointment is effective immediately. Read More »