Intermodal

GE to build new locomotive factory in Texas

AJOT | May 17, 2011 | Intermodal

General Electric Co plans to build a new factory to assemble railroad locomotives in Fort Worth, Texas, the largest U.S. conglomerate said.

The factory will employ about 500 people, cost about $96 million and begin operation next year, GE said. Read More »

Green energy, rail freight to drive growth at Stella Jones

AJOT | May 17, 2011 | Intermodal

Stella Jones, which makes railway ties and treated wood utility poles for electricity and telecom companies, expects green energy, increased rail freight, and mining activity to boost results this year, its CEO said.

The company, which remained profit Read More »

ABF launches mobile logisitcs application for Apple Smart Phone

AJOT | May 12, 2011 | Intermodal

An ABF' mobile logistics tool is now available as a free download on the iPhone App Store. Called ABF Mobile for iPhone, the new tool is designed for the iPhone or for use on the iPad. Using ABF Mobile, ABF customers can track, get rates, find locations, Read More »

NASSTRAC opposes unwarranted higher class ratings on pallets, platforms, racks, skids

AJOT | May 12, 2011 | Intermodal

NASSTRAC, an industry association that represents the interests of freight shippers in all modes of transportation, has expressed its opposition to the proposal by Roadrunner Transportation Services to modify Item 640 of CCSB Docket No. 2011-2, Section 1, Read More »

China to invest $115 billion in railways this year

AJOT | May 12, 2011 | Intermodal

China will invest 745.5 billion yuan ($114.8 billion) in its railways in 2011, the official news agency Xinhua reported late on Friday, despite media reports that the budget would be cut following the sacking of the country's rail chief in March.

Xinh Read More »

DB Schenker Rail is on track for growth and a higher share in the European transportation market

AJOT | May 12, 2011 | Intermodal

With growth of 9 percent compared with the previous year, the first quarter has been successful for DB Schenker Rail, the rail freight business unit of Deutsche Bahn. "In revenues DB Schenker Rail has grown by 11 percent compared to the first quarter of 2 Read More »

Old Dominion opens new container drayage facility in Tennessee

AJOT | May 12, 2011 | Intermodal

Old Dominion Freight Line Inc. announced the opening of a new container drayage site in Memphis, TN. This new operation will serve all rail heads in the Memphis area and will offer pick-up and delivery to any point in the continental United States. Read More »

Con-way Freight named 2010 Carrier of the Year by ENACT, LLC

AJOT | May 12, 2011 | Intermodal

Con-way Freight, a less-than-truckload (LTL) carrier and subsidiary of Con-way Inc., announced it has been recognized as 2010 Carrier of the Year by ENACT, LLC, a transportation technology and third-party logistics provider serving North America. ENACT pr Read More »

DB Schenker Rail links Tata Steel works in Wales and the Netherlands

AJOT | May 12, 2011 | Intermodal

On behalf of the worldwide operating steel producer Tata Steel, DB Schenker Rail has set up a shuttle service connecting the company's steel works in IJmuiden, the Netherlands, with the works in Llanwern, Wales (UK).

The trains, with a total weight of Read More »

CN makes network investments in Alberta rail corridors

AJOT | May 12, 2011 | Intermodal

CN has announced major investments to double track key segments of its high-volume main line east of Edmonton, add capacity to its rail line to the oil sands region of northern Alberta, and improve velocity at its Walker Yard freight car classification fa Read More »

CSX to split stock, raise dividend, buy shares

AJOT | May 04, 2011 | Intermodal

CSX Corp announced a 3-for-1 stock split, a 38 percent quarterly dividend increase and a $2 billion share repurchase program.

The quarterly dividend was raised to 36 cents, or 12 cents per share on a post-split basis. It is payable on June 15 for hold Read More »

FTR’s trucking conditions index continues upward trend

AJOT | May 04, 2011 | Intermodal

FTR's Trucking Conditions Index, as reported in the May Trucking Update, rose to 13.30 in March from a February reading of 9.92. A key driver for the improvement in the TCI was the ability of carriers to garner higher rates as industry capacity tightened. Read More »

GE railcar leasing unit for sale

AJOT | May 04, 2011 | Intermodal

General Electric Co has put its railcar leasing business up for sale, its second attempt in three years to offload a business that could be worth more than $3 billion, a source familiar with the situation.

GE, the largest U.S. conglomerate, has hired Read More »

Spatafore named rail industry’s top environmentalist

AJOT | May 04, 2011 | Intermodal

CSX Transportation commended Richard J. Spatafore, division engineer, Jacksonville, for receiving the 2010 Association of American Railroads' John H. Chafee Environmental Excellence Award. CSX nominated Spatafore for the award, named for the late Rhode Is Read More »

Business pushes US Congress to clear bigger trucks

AJOT | May 04, 2011 | Intermodal

Manufacturers, retailers, and other businesses are quietly working with truckers in renewing a push for U.S. government permission to operate bigger and heavier rigs, to the dismay of unions and safety advocates.

Lobbying coalitions for hundreds of co Read More »

Logistic Services Danubius is now DB Schenker Rail Romania

AJOT | May 04, 2011 | Intermodal

Logistic Services Danubius SRL was renamed DB Schenker Rail Romania SRL in Bucharest.

"It is now clear to the outside world that the company is part of our European DB Schenker Rail network," announced Hans-Georg Werner, Member of the Management Board Read More »

Xata partners with ZoomSafer to help fleets ability to manage driver safety and compliance

AJOT | May 04, 2011 | Intermodal

Xata Corporation, the leader in trucking compliance and fleet optimization software, today announced it is integrating and reselling ZoomSafer's award-winning software, FleetSafer Mobile and FleetSafer Vision, both of which can be customized to a fleet's Read More »

Con-way profit beats estimates

AJOT | May 04, 2011 | Intermodal

U.S. trucking and logistics company Con-Way Inc reported quarterly profit well above estimates, and said improved pricing and fuel surcharges boosted revenue.

Con-way reported net first-quarter profit of $6.9 million, or 12 cents per share, compared w Read More »

Big E Transportation implements Descartes Mobile Resource Management Solution

AJOT | May 02, 2011 | Intermodal

Descartes Systems Group announced that Big E Transportation, a wholly-owned subsidiary of Estes Express Lines, implemented Descartes' Route Planner On-demand and MobileLink solution to plan, optimize and dispatch routes across its entire home delivery ope Read More »

YRC restructuring plan approved

AJOT | May 02, 2011 | Intermodal

YRC Worldwide Inc said lenders had agreed to its restructuring plan.

The Overland Park, Kansas-based company said in a news release that more than 95 percent of its senior secured lenders have approved the plan, which would leave existing shareholders Read More »