Intermodal

Transcontainer doubles H1 net ahead of IPO

AJOT | October 27, 2010 | Intermodal

Russia's Transcontainer more than doubled first-half net profit ahead of a London and Moscow IPO in which state-controlled parent Russian Railways hopes to earn up to $481 million by selling a nearly 35 percent stake. Read More »

Old Dominion profit tops Wall Street view

AJOT | October 27, 2010 | Intermodal

U.S. trucker Old Dominion Freight Line said profit more than doubled in the third quarter, topping analysts' expectations, on rising demand for hauling services and higher pricing. Read More »

CP Railway operating profit climbs

AJOT | October 27, 2010 | Intermodal

Canadian Pacific Railway reported a 28 percent jump in quarterly operating, on the back of increased freight revenue. Read More »

CN Rail profit beats market, predicts strong Q4

AJOT | October 27, 2010 | Intermodal

Canadian National Railway Co reported a better-than-expected 21 percent jump in its third-quarter profit and predicted a strong end to the year if the economy continues to hold up.

But CN, Canada's biggest railway, did not raise its earnings Read More »

CN reaches tentative agreement with union representing engineers on NQISL

AJOT | October 27, 2010 | Intermodal

CN announced that it has reached a tentative labor agreement with the Teamsters Canada Rail Conference (TCRC) union representing locomotive engineers who work on the Company's Northern Quebec Internal Short Line (NQISL). Read More »

Norfolk Southern Q3 profit tops forecasts

AJOT | October 27, 2010 | Intermodal

U.S. railroad Norfolk Southern Corp reported a higher-than-expected third quarter profit as volumes grew for the fifth straight quarter.

"We continue to see an economy characterized by slow growth, but growth nonetheless," Chief Executive Wic Read More »

Major public-private partnership brings cleaner air to Maryland

AJOT | October 27, 2010 | Intermodal

Public and private sector representatives have unveiled the state's first ultra-low emission GenSet locomotive at an event at Baltimore's Camden Station. Jointly funded by the U.S. Environmental Protection Agency (EPA) and CSX, the locomotive will be used Read More »

Russia’s TransContainer eyes up to $481 mln from IPO

AJOT | October 27, 2010 | Intermodal

Russian Railways unit TransContainer is looking to raise up to $481 million from an initial public offering (IPO) of a nearly 35 percent stake as part of a big asset sale aimed at modernising the infrastructure giant.

The state rail monopoly Read More »

US proposes first fuel standards for trucks

AJOT | October 26, 2010 | Intermodal

The Obama administration proposed the first ever fuel efficiency and emissions standards for big tractor trailors and other commercial trucks that mainly run on diesel fuel.

The joint Transportation Department and Environmental Protection Age Read More »

Garner Transportation selects VeriWise(TM) Track & Trace to manage fleet of dry vans

AJOT | October 26, 2010 | Intermodal

Asset Intelligence, a leading provider of supply chain asset tracking solutions and a subsidiary of I.D. Systems, Inc. announced that its VeriWise(TM) Track & Trace system has been purchased by Garner Transportation Group, a leading truckload carrier in t Read More »

Kansas City Southern profit tops estimates

AJOT | October 26, 2010 | Intermodal

U.S. railroad Kansas City Southern reported a better-than-expected quarterly profit as freight volumes increased, sending its shares up nearly 5 percent.

The profit beat came despite a curb on revenue due to track damage caused by Hurricane A Read More »

Union Pacific hiring, buying on outlook

AJOT | October 24, 2010 | Intermodal

Union Pacific Corp, the No. 1 U.S. railroad, is hiring, buying locomotives and shopping for properties around the United States, spurred by signs of an economic recovery, the railroad's top executive said.

"My expectations are it will be a po Read More »

DB Schenker award goes to Dr. Petrick

AJOT | October 24, 2010 | Intermodal

The DB Schenker Award 2009, which carries a cash prize of EUR 10,000, goes to Dr. Anita Petrick from the Darmstadt University of Technology . The young female scientist beat competition from all over Europe with her dissertation entitled 'Multimodal produ Read More »

Werner Enterprises Q3 profit beats Wall Street view

AJOT | October 24, 2010 | Intermodal

Trucking and logistics company Werner Enterprises Inc posted a better-than-expected quarterly profit, helped by a stronger freight market. Read More »

Hermes Transport Logistics and Europipe opt for carbon-free rail freight transport

AJOT | October 24, 2010 | Intermodal

Hermes Transport Logistics and the industrial corporation Europipe are new customers for Eco Plus, the carbon-free option from DB Schenker Rail in which the traction current required for the transport is obtained from renewable energy sources in Germany. Read More »

Ryder posts 62% higher profit, raises forecast

AJOT | October 24, 2010 | Intermodal

Trucking and logistics company Ryder System Inc reported a 62 percent percent rise in profit on stronger demand for commercial truck rentals and used vehicles and raised its profit forecast for the year. Read More »

Old Dominion expands Pacific Promise Guaranteed Service from China

AJOT | October 24, 2010 | Intermodal

OD-Global, a division of Old Dominion Freight Line Inc., has expanded its Pacific Promise service to include seven additional ports in China.

Initially offered from Hong Kong, Shanghai and Shenzhen/Yantian starting in April 2009, Pacific Prom Read More »

Cambodian rail line opened to help regional trade

AJOT | October 24, 2010 | Intermodal

Cambodia has reopened a stretch of railway destroyed during the country's war and officials described it as a step towards boosting regional trade through rail links with neighbours. Read More »

YRC Worldwide’s improving outlook

AJOT | October 24, 2010 | Intermodal

U.S. trucker YRC Worldwide said it expects to report a financial position for the third quarter that will more than satisfy requirements of a key credit agreement with lenders.

YRC, which has been struggling to stay out of bankruptcy, said da Read More »

DB Schenker integrates logistics center in Czech Republic into complex solution for ESAB

AJOT | October 24, 2010 | Intermodal

The first train carrying material for its customer ESAB arrived on October 20 at DB Schenker's new logistics center in Pardubice in the Czech Republic. ESAB is one of the world's largest suppliers of welding equipment, consumables and accessories. From no Read More »