NJ trucking executive warns Senate on the true cost of tolls

AJOT | April 17, 2012 | Intermodal

In testimony before the Senate Commerce, Science and Transportation Committee, NFI Chief Financial Officer Steve Grabell warned that rapidly increasing toll rates, as well as the spread of tolls across the transportation system, are a threat to consumers Read More »

Kenyan TransCentury expects jump in profit

AJOT | April 16, 2012 | Intermodal

Kenya's TransCentury expects net profit for the first half of this year to surpass full year profit for 2011 after it tripled capacity at its electric cable and transformer plants, its chief executive said. Read More »

Rail car shortage cuts Kazakh grain export forecast

AJOT | April 16, 2012 | Intermodal

Kazakhstan's grain exports will fall at least 20 percent short of its forecast this season due to a shortage of rail cars, even as Russian port capacity frees up to allow more Kazakh grain to leave the Black Sea, an Agriculture Ministry official said. Read More »

Russian Railways may sell Freight One stake

AJOT | April 16, 2012 | Intermodal

Russia's railway monopoly Russian Railways may sell its remaining 25-percent stake in rail cargo operator Freight One as soon as this year, Russian daily Kommersant reported, citing sources. Read More »

JB Hunt Q1 profit up

AJOT | April 12, 2012 | Intermodal

U.S. trucker J.B. Hunt Transport Services posted higher quarterly profit, beating expectations, as a rate increase helped drive a 20 percent revenue jump in the intermodal segment, which ships goods in containers that can be moved from one form of transpo Read More »

Globaltrans sees freight market accelerating

AJOT | April 11, 2012 | Intermodal

Russian freight firm Globaltrans, seen as a barometer of the country's economy as it transports the natural resources and metals that are its lifeblood, sees an 8 percent rise in freight market turnover in 2012, ahead of 6 percent last year. Read More »

CP Rail sees 1st-quarter profit far above expectations

AJOT | April 11, 2012 | Intermodal

Canadian Pacific Railway Ltd, in the midst of a bruising fight over performance with its biggest shareholder, forecast a four-fold increase in first-quarter earnings - well ahead of analysts' expectations. Read More »

Fourth-quarter truck driver turnover makes surprise drop

AJOT | April 10, 2012 | Intermodal

After a year of quarterly increases, the turnover rate for truck drivers at large truckload fleets unexpectedly dipped one percentage point to an annualized rate of 88% American Trucking Associations Chief Economist Bob Costello said today. Read More »

KC SmartPort’s ‘Momentum 2012’ event drives discussion on Kansas City’s rail industry

AJOT | April 05, 2012 | Intermodal

KC SmartPort hosted Momentum 2012 recently, featuring a panel of national rail executives from BNSF, Union Pacific, Kansas City Southern and Watco Companies. The event focused on business trends including the future of the rail sector, which is making rec Read More »

Mitsui Rail Capital names Gerber Director of sales and marketing

AJOT | April 05, 2012 | Intermodal

Mitsui Rail Capital, LLC (MRC) announced that Chris Gerber has joined the company as Director of Sales and Marketing, effective April 1, 2012. He will report to Dan Penovich, MRC's vice-president of Sales and Marketing.

Gerber has nearly thirty year Read More »

Pershing presses for new CP Rail boss in filing

AJOT | April 05, 2012 | Intermodal

Activist investor William Ackman argued once again that only a new chief executive can lead Canadian Pacific Railway to recovery, in a proxy pitch to shareholders that also seeks support for his slate of seven board nominees.

Ackman, whose Pershing Sq Read More »

House approves Geist’s Public-Private Partnership Legislation

AJOT | April 04, 2012 | Intermodal

The House today approved legislation sponsored by House Transportation Committee Chairman Rick Geist (R-Altoona) that will enable Pennsylvania to explore and implement partnerships with the private sector to help rebuild the Commonwealth's deteriorating t Read More »

ICL elects new Chairman

AJOT | April 04, 2012 | Intermodal

The Institute of International Container Lessors' (IICL) President, Steven Blust, announced that Brian Sondey, Chairman, Chief Executive Officer and President of TAL International Group, Inc., has been elected to the position of Chairman of the IICL for 2 Read More »

Pershing files Canadian Pacific proxy circular

AJOT | April 04, 2012 | Intermodal

Activist shareholder William Ackman's Pershing Square Capital Management filed its proxy circular for Canadian Pacific Railway on Thursday, arguing once more that only a new chief executive can turn around Canada's No. 2 railroad. Read More »

CP says some customers worried about Harrison as CEO

AJOT | April 03, 2012 | Intermodal

A number of Canadian Pacific Railway customers have expressed concerns about disruptions that would occur if Hunter Harrison was installed as its new chief executive, CP said. Read More »

Evergreen Shipping Agency (America) Corporation names CN 2011 Railroad Company of the Year

AJOT | April 02, 2012 | Intermodal

Evergreen Shipping Agency (America) Corporation has announced that it has named CN as its 2011 Railroad Company of the Year in recognition of CN's "consistent high level of performance." Read More »

Ippolito Fruit & Produce Ltd.
streamlines cooler shipping and inventory operations

AJOT | April 02, 2012 | Intermodal

Ippolito is one of the leading grower, shipper, packers in the produce industry. RedLine Solutions has been working with Ippolito Fruit & Produce to help them with their cooler and inventory operations. Ippolito implemented RedLine Cooler' in 2011 and has Read More »

Transneft warns rail rule to hit oil exports-paper

AJOT | April 02, 2012 | Intermodal

Tougher rules for tanker railcars threaten Russia's exports of crude via the East Siberian-Pacific Ocean (ESPO) route according to pipeline monopoly Transneft, the Vedomosti newspaper reported.

It cited a letter from Transneft Chief Executive Nikolai Read More »

Pershing polishes CP Rail slate with railroader

AJOT | April 02, 2012 | Intermodal

Pershing Square Capital Management named a railroad veteran to its slate of nominees for Canadian Pacific Railway's board, in what analysts said was a mostly cosmetic response to criticism that none of its candidates had hands-on industry experience. Read More »

Pershing names seventh CP Rail board nominee

AJOT | April 01, 2012 | Intermodal

Pershing Square Capital Management named a railroad veteran as its seventh nominee for Canadian Pacific Railway's board, heading off criticism that its proxy slate lacks experience in the sector. Read More »