Intermodal

Canadian Pacific says weather to hit earnings

AJOT | March 24, 2011 | Intermodal

Canadian Pacific Railway warned that its earnings will be down in the first quarter as harsh winter weather hampered train operations and fuel recovery surcharges lagged.

But the company said operations were returning to normal as weather conditions m Read More »

Polish railways invite bids for 50% of cargo arm

AJOT | March 24, 2011 | Intermodal

Poland's state railways PKP said it launched a tender for a 50 percent plus one share stake in its cargo unit, Europe's No. 2 rail freight carrier estimated to be worth some $1 billion.

PKP Cargo accounts for 55.4 percent of rail payload in Poland, wh Read More »

Transnet ups coal line tariffs by 26-30%

AJOT | March 24, 2011 | Intermodal

South Africa's rail and logistics group Transnet said it would raise tariffs on its rail line used to transport coal to the export terminal at Richards Bay by up to 30 percent. Read More »

Southeastern Freight Lines meets the needs of 3PL providers

AJOT | March 16, 2011 | Intermodal

Southeastern Freight Lines, the leading provider of regional less-than-truckload (LTL) transportation services, has long recognized that third-party logistics companies (3PLs) are performing valuable services for customers and has developed technology sol Read More »

Forklift group Manitou sees Japan risks

AJOT | March 16, 2011 | Intermodal

French forklift and crane trucks group Manitou faces risks from the disaster in Japan, where it buys parts such as engines, though it is too early to assess any impact on sales, its chief executive said.

Business during the first quarter ending March Read More »

CN disappointed in court decision on EJ& E grade separation projects

AJOT | March 16, 2011 | Intermodal

CN expressed disappointment with the decision of the U.S. Court of Appeals for the District of Columbia Circuit in Washington, D.C. denying the company's request to reverse the Surface Transportation Board's (STB) order requiring the railroad pay for the Read More »

Greenbrier may post Q2 loss

AJOT | March 16, 2011 | Intermodal

Railroad equipment supplier Greenbrier Cos Inc May continue to post a quarterly loss, even as it forecast better-than expected revenue on increased orders.

The company said it expects results to be close to analysts' expectation of a loss of 1 cent a Read More »

TransCore’s North American Freight Index reports record truckload volume for the month of February

AJOT | March 14, 2011 | Intermodal

TransCore's North American Freight Index shows the highest spot market truckload freight volume for the month of February since the company established the North American Freight Index in 1986. January's freight volume set a similar record. Read More »

UAE’s Union Railway issues tenders ahead of mid-2011 build

AJOT | March 13, 2011 | Intermodal

Union Railway, which plans to begin construction on the United Arab Emirates' rail network in mid-2011, said it has issued tenders for rolling stock for the Western region railway.

The firm plans to complete an $11 billion, 1,500 km railway project ac Read More »

Growing China, India to drive container leasing companies

AJOT | March 13, 2011 | Intermodal

Dahlman Rose upgraded the container leasing industry to a "buy" rating from "hold," as rising demand across the world, shortage in supply and higher pricing trends bode well for companies in the sector.

"The growth of the consumer classes in China, Br Read More »

China to start delayed Myanmar rail link this year

AJOT | March 13, 2011 | Intermodal

Construction of a rail link from China to Myanmar will likely start this year after being delayed by internal problems and mismatched gauges, the Chinese commerce minister said.

The railway is part of a wide-ranging network that will connect southwest Read More »

American freight rails plan to spend $12 blllion in 2011

AJOT | March 13, 2011 | Intermodal

Freight railroads plan to spend a record $12 billion on hiring new employees, laying down new track, and other capital projects in 2011, an industry group said.

The Association of American Railroads, whose members include Canadian Pacific Railway , Un Read More »

Mexico sees U.S. trucking dispute over in summer

AJOT | March 13, 2011 | Intermodal

Mexico said it expected its first truck to cross into U.S. territory in about four months, a move that would end a long-standing cross-border trucking dispute with its main trade partner.

U.S. President Barack Obama said that the United States and Mex Read More »

Stella Jones profit jumps on strong railway tie sales

AJOT | March 13, 2011 | Intermodal

Stella-Jones Inc's fourth-quarter profit more than tripled helped mainly by stronger railway tie sales, but the maker of treated wood products said deliveries are expected to slightly soften in the first quarter. Read More »

Blue Tree Systems expands North American presence

AJOT | March 13, 2011 | Intermodal

Blue Tree Systems, a global provider of fleet management, reefer monitoring and trailer tracking solutions, today announced it has established Blue Tree Systems Inc. to support its growing network of partners, resellers and users of its next generation fl Read More »

Organic expansion gives ABF dual-system network coast-to-coast reach

AJOT | March 13, 2011 | Intermodal

ABF' is expanding its RPM' service to the western one-third of the U.S., providing increased shipment velocity to 95% of the lanes between major markets in the West. 'ABF's latest service improvements are monumental because they give coast-to-coast reach Read More »

Raymond James ups CP Railway to outperform

AJOT | March 13, 2011 | Intermodal

Raymond James upgraded Canadian Pacific Railway Ltd to "outperform" from "market perform", as the brokerage expects the company to gain partly from its diverse bulk franchise including coal, potash and grain, and exposure to emerging markets. Read More »

Old Dominion CFO honored as one of ‘America’s Best CFOs’

AJOT | March 13, 2011 | Intermodal

J. Wes Frye, senior vice president ' finance and CFO of Old Dominion Freight Line Inc., has been recognized on Institutional Investor's America's Best CFOs list for 2011.

Frye ranked second on the Airfreight & Surface Transportation industry list and Read More »

CP rail operations head Harris to retire

AJOT | March 03, 2011 | Intermodal

Canadian Pacific Railway 's executive vice president of operations, Ed Harris, a veteran of the industry, will retire just a a year after joining the carrier, the company said.

Harris will be replaced by Mike Franczak, who will move up from his post o Read More »

Congress clears Surface Transportation Extension

AJOT | March 03, 2011 | Intermodal

One day after the House overwhelmingly passed the Surface Transportation Extension Act of 2011 by a final vote of 421 to 4, the Senate approved by voice vote today vital legislation to extend highway, transit and highway safety programs through the end of Read More »