Intermodal

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 »

Packed van collides with truck in Cambodia, 19 dead

AJOT | March 03, 2011 | Intermodal

A speeding truck collided head on with an overloaded van in Cambodia's Preah Sihanouk province, killing 19 people including three children and injuring eight, authorities said. Read More »

Internet Truckstop launches ITEX the only load board with instant texting feature.

AJOT | March 03, 2011 | Intermodal

Internet Truckstop, the largest Internet-based load board in the transportation industry, launched ITEX (Instant Messaging), adding to the list of decision support offerings for its members. Read More »

Senate Committee votes to end railroads’ special interest loophole

AJOT | March 03, 2011 | Intermodal

The U.S. Senate Judiciary Committee approved legislation that would remove the antitrust exemptions currently exploited by the freight railroad industry. The bipartisan bill, the Railroad Antitrust Enforcement Act, S. 49, was introduced by Senator Herb K Read More »

US Senate panel clears rail antitrust bill

AJOT | March 03, 2011 | Intermodal

The U.S. Senate Judiciary Committee approved legislation that would strip freight railroads of their antitrust exemptions.

The measure in the Democratic-led Senate was approved 14 to 1, but its future was uncertain in the Republican-led House of Repre Read More »

Obama, Calderon make progress on trucking dispute

AJOT | March 03, 2011 | Intermodal

U.S. President Barack Obama said the United States and Mexico had agreed on a way to solve a long-simmering cross-border trucking dispute that has hurt trade between the two neighbors.

"After nearly 20 years, we finally have found a clear path to reso Read More »

China suspends second senior railway official

AJOT | March 01, 2011 | Intermodal

China suspended a second senior railways official, the latest official to be implicated in a corruption probe that led to the dismissal of Minister of Railways Liu Zhijun in February.

Zhang Shuguang, the 55-year-old deputy chief engineer at the minist Read More »

China Railway suspends Libya projects, evacuates workers

AJOT | March 01, 2011 | Intermodal

China Railway Group , the country's biggest railroad builder, said it was suspending its three projects in Libya as it evacuates workers due to escalating violence in the African nation.

The total contract value of the three rail projects is $4.24 bil Read More »

YRC lenders to take substantial equity in trucker

AJOT | March 01, 2011 | Intermodal

YRC Worldwide said it has reached a deal with lenders and union workers for a "comprehensive restructuring" of its tenuous finances that will substantially dilute existing shares but stabilize the company.

YRC officials would not disclose the financia Read More »

Mountain Valley Express Las Vegas relocation

AJOT | March 01, 2011 | Intermodal

Effective March 1st, 2011, Mountain Valley Express will be relocated into its new facility from Southwest Las Vegas to North Las Vegas. Read More »