Intermodal

Canadian Pacific operating efficiency weakens

AJOT | January 31, 2012 | Intermodal

Canadian Pacific Railway said an important measure of operating efficiency weakened in the fourth quarter even as profit jumped, a trend that will likely fuel demands by CP's largest shareholder for a new CEO at the country's No. 2 railroad. Read More »

Canadian railroads sign deals with potash group

AJOT | January 31, 2012 | Intermodal

Canadian Pacific Railway said it has signed a 10-year agreement with Canpotex Ltd to transport the great majority of the marketing consortium's shipments of potash to the Pacific Coast port of Vancouver. Read More »

CN says locomotive engineers in Canada ratify new collective agreement

AJOT | January 31, 2012 | Intermodal

CN has announced that members of the Teamsters Canada Rail Conference (TCRC) have ratified a new collective agreement covering approximately 1,800 CN locomotive engineers in Canada. Read More »

CP activist shareholder will host meeting in Toronto

AJOT | January 31, 2012 | Intermodal

William Ackman's Pershing Square Capital Management will make its case to shareholders for a new CEO at Canadian Pacific Railway at a meeting on Feb. 6 in Toronto, according to a person familiar with the fund's plans. Read More »

CP’s board, management launching road show

AJOT | January 31, 2012 | Intermodal

The two sides in the battle to transform Canadian Pacific Railway will hold rival investor meetings this month as activist William Ackman seeks support for his plan for new management, and the company touts its own investment plan. Read More »

CP Rail repeats offer to Ackman as battle mounts

AJOT | January 31, 2012 | Intermodal

Canadian Pacific Railway Ltd said it stood by its offer of a board seat for activist investor William Ackman as a brewing proxy battle in Canada's usually sedate rail sector escalates. Read More »

DB Schenker offers new intermodal transport capacity between Belgium and Italy

AJOT | January 31, 2012 | Intermodal

As of the beginning February, semi-trailers can travel along the Antwerp-Novara route via intermodal transport. A new group of up to four well cars will now be coupled or decoupled in Domodossola, Italy, on the Swiss border. Read More »

DB Schenker to offer new rail service for industry and trade on the Portugal-Germany route

AJOT | January 31, 2012 | Intermodal

Starting on February 3, DB Schenker Rail Automotive GmbH and DB Schenker's Portuguese national company, Schenker Transit'rios, S.A., will offer their customers a new regular train service between Portugal and Germany. Read More »

Norfolk Southern 4th quarter profit up

AJOT | January 31, 2012 | Intermodal

Railroad company Norfolk Southern Corp reported a bigger quarterly profit, on higher volume and double-digit revenue increases in general merchandise, coal and intermodal shipments. Read More »

President’s infrastructure proposal needs concrete funding

AJOT | January 31, 2012 | Intermodal

Following President Obama's State of the Union address, ATA President and CEO Bill Graves said the administration and Congress need to focus on finding real money. Read More »

Railcar cleaning system improves environmental performance

AJOT | January 31, 2012 | Intermodal

The Rescar Companies, which provide complete repair, maintenance, cleaning, and interior/exterior coating services to owners, lessors and users of rail tank/freight cars throughout North America, announces the opening of a new state-of-the-art railcar cle Read More »

Swift Transportation profit beats

AJOT | January 31, 2012 | Intermodal

Trucking company Swift Transportation Co posted a higher-than-expected quarterly profit, helped by improved pricing and strong freight volumes during the holiday shopping season, sending its shares up as much as 10 percent. Read More »

TransCore’s North American Freight Index records highest December freight volumes since 2005

AJOT | January 31, 2012 | Intermodal

TransCore announced that its North American Freight Index in December climbed 11 percent compared to December 2010 on the spot market, marking the second highest freight volume for December since 2005. December's Index was the fourth consecutive month whe Read More »

AMI Express launches click2ship road variant

AJOT | January 24, 2012 | Intermodal

AMI Express ' the UK express arm of Air Menzies International, the world's largest trade-only airfreight and express wholesaler ' has extended its click2ship online express product to include the UK's only wholesale express door-to-door road service, serv Read More »

Canadian Pacific signs 10-year deal with Canpotex

AJOT | January 24, 2012 | Intermodal

Canadian Pacific Railway said it signed a 10-year agreement with Canpotex Ltd to transport a large majority of shipments to the potash marketing consortium's main terminal in Vancouver, British Columbia. Read More »

CN Rail taking ex-CEO Harrison to court

AJOT | January 24, 2012 | Intermodal

In another twist to a battle brewing in Canada's usually staid rail sector, Canadian National Railway said it has halted pension and other payments worth nearly $40 million to its former chief executive, Hunter Harrison. Read More »

CN signs 10-year agreement to haul Canpotex potash volumes

AJOT | January 24, 2012 | Intermodal

CN announced it has signed a 10-year agreement, effective July 1, 2012, to transport potash volumes that Canpotex ships to export markets. Read More »

CSX results slightly miss

AJOT | January 24, 2012 | Intermodal

CSX Corp reported quarterly results that slightly missed Wall Street forecasts and the transportation company also named a new chief financial officer and chief operating officer. Read More »

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 »