William Ackman owns stake in Canadian Pacific

AJOT | November 03, 2011 | Intermodal

Billionaire Hedge fund manager William Ackman's Pershing Square Capital Management said it owns a 12.2 percent stake in Canadian Pacific Railway. Read More »

Canadian railways dismiss economic doom and gloom

AJOT | October 30, 2011 | Intermodal

Canada's two big railroads scotched doom and gloom scenarios about a recession in North America and a sharp slowdown in Asia on Tuesday, saying the outlook for traffic on their tracks was sturdy across most products. Read More »

Hub Group Q3 misses Street

AJOT | October 30, 2011 | Intermodal

Freight management company Hub Group Inc posted lower-than-expected quarterly results, hurt by higher transportation costs. Read More »

Norfolk Southern profit beats view

AJOT | October 30, 2011 | Intermodal

US railroad Norfolk Southern Corp reported higher quarterly results that beat analyst forecasts, sending its shares up nearly 5 percent, and forecast continued volume growth above the broader U.S. economy. Read More »

USA Truck snubs Celadon on merger talks

AJOT | October 25, 2011 | Intermodal

USA Truck Inc refused to meet with larger rival Celadon Group to discuss a possible merger even as it reported a quarterly loss and announced a host of restructuring actions. Read More »

Southeastern Freight Lines receives DuPont sourcing & logistics award for outstanding service

AJOT | October 25, 2011 | Intermodal

Southeastern Freight Lines, the leading provider of regional less-than-truckload (LTL) transportation services, has received an Outstanding Service Award from DuPont that is based on a number of service quality measurements. The award was presented at the Read More »

New report ranks deficient bridges by metro areas

AJOT | October 25, 2011 | Intermodal

On the heels of the sudden closure of a major commuting bridge in Louisville, KY, a new report shows that more than 18,000 of the nation's busiest bridges, clustered in the nation's metro areas, are rated as 'structurally deficient,' according to a new re Read More »

Mexican truck finally enters US under NAFTA

AJOT | October 25, 2011 | Intermodal

The first Mexican long-haul truck bound for the U.S. interior crossed at the international bridge at Laredo, Texas, last week, carrying electronic equipment destined for suburban Dallas and fulfilling a controversial provision of the 1994 North American F Read More »

Global economy a worry for Russia’s Freight One sale

AJOT | October 25, 2011 | Intermodal

State monopoly Russian Railways' multibillion-dollar sale of its Freight One cargo company could be threatened by global economic problems if its prospective oligarch bidders feel the pinch, its chief executive said. Read More »

Frozen Food Express Industries announces agreement on dry freight assets

AJOT | October 25, 2011 | Intermodal

On October 5th, 2011, Frozen Food Express Industries, Inc. announced that it would restructure its dry freight service offerings. This announcement advised that the company intended to sell approximately 435 dry van trailers, which account for all of the Read More »

First rail freight service on High Speed 1 will be launched by DB Schenker Rail

AJOT | October 25, 2011 | Intermodal

Trading links between Poland and the UK are to be strengthened during November with the introduction of regular European sized rail freight services by DB Schenker Rail. Read More »

CSX leads railroads in Newsweek Green Rankings

AJOT | October 25, 2011 | Intermodal

CSX Corporation (NYSE: CSX) announced that the company ranked first among Class I freight railroads in the Newsweek Green Rankings, released today. CSX has consistently placed first among all Class I railroads in these rankings since the awards launched i Read More »

CSX announces record third quarter results

AJOT | October 25, 2011 | Intermodal

CSX Corporation has announced third quarter net earnings of $464 million, or $0.43 per share, versus $414 million, or $0.36 per share, in the same period last year. This is a 19 percent improvement in earnings per share and a record third quarter for the Read More »

CP’s profit falls as flooding costs linger

AJOT | October 25, 2011 | Intermodal

Canadian Pacific Railway Ltd reported a 5 percent drop in earnings as clean-up costs and the impact of flooding earlier in the year bled into the third-quarter. Read More »

CN conductors and brakemen ratify workplace consolidation agreement that will generate new operation

AJOT | October 25, 2011 | Intermodal

CN has announced that conductors and brakemen represented by the United Transportation Union (UTU) have ratified a new labor contract that will consolidate work activities in the Company's Upper Midwest region under a single collective bargaining agreemen Read More »

CN and specialty-grain exporter reach supply chain collaboration and continuous improvement agreemen

AJOT | October 25, 2011 | Intermodal

CN and Agri-Food Central Ltd. announced an agreement to improve the service delivery performance and consistency of the supply chain for specialty grains moving from Western Canada to Mexico via rail and to other markets including those in Latin America t Read More »

CN acquires more energy-efficient intermodal equipment to improve service, reduce emissions

AJOT | October 25, 2011 | Intermodal

CN has announced the purchase of 200 more efficient EcoTherm containers to increase customer efficiency and help reduce energy consumption in its fast-growing temperature-sensitive intermodal markets. Products such as food, beverages, paints and pharmaceu Read More »

ATA truck tonnage index increased 1.6% in September

AJOT | October 25, 2011 | Intermodal

The American Trucking Associations' advance seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1.6% in September after falling a revised 0.5% in August 2011. August's decrease was more than the 0.2% drop ATA reported on September 27, 2011. T Read More »

ATA renews contract of President Graves

AJOT | October 25, 2011 | Intermodal

American Trucking Associations announced earlier this week at their annual Management Conference and Exhibition it had reached an agreement on a new three-year contract with association President and CEO Bill Graves. Read More »

YRC receives National LTL Carrier of the Year Award from A.O. Smith Water Products Company

AJOT | October 17, 2011 | Intermodal

YRC, a subsidiary of YRC Worldwide Inc., announced that it has received the National LTL Carrier of the Year Award from A.O. Smith Water Products Company, a leading manufacturer and marketer of residential and commercial water heaters and boilers headquar Read More »