Intermodal

DWS sees Chinese rail steering infrastructure boom

AJOT | February 21, 2011 | Intermodal

Europe's fifth-biggest fund manager, DWS, sees China's rail sector as offering major growth opportunities for investors within the infrastructure sector, a manager of its infrastructure-themed fund said.

The Chinese government plans to spend $120 bill Read More »

Vitran completes Milan Express LTL acquisition

AJOT | February 21, 2011 | Intermodal

Vitran Corporation Inc., a North American LTL transportation and supply chain firm, today announced that it has closed its purchase of the assets of Milan Express' LTL division ("Milan"), a regional less-than-truckload (LTL) freight carrier with operation Read More »

Russian Rail seeks direct buyer for freight unit

AJOT | February 21, 2011 | Intermodal

Russia's state railways would prefer a strategic buyer for its First Freight unit than an IPO as it seeks to raise cash quickly before its own privatisation, Chief Executive Vladimir Yakunin told Reuters Insider.

Yakunin said he hoped to raise $5-$6.5 Read More »

Mongolia to build railway link to Russian port

AJOT | February 21, 2011 | Intermodal

Land-locked Mongolia will build a 1,000 km (620 mile) railway to enable it to export its vast but largely untapped mineral wealth via a Russian port, China's Xinhua news agency reported late on Monday, citing local media.

Construction of the rail link Read More »

PECO Pallet announces acquisition by The Pritzker Group

AJOT | February 21, 2011 | Intermodal

PECO Pallet Inc. has announced that the company has been acquired by The Pritzker Group, a private investment firm owned and controlled by J.B. Pritzker and Tony Pritzker. The acquisition provides PECO Pallet with substantial equity capital to fund the co Read More »

Celadon Group tells Congress to increase investments in highway infrastructure

AJOT | February 21, 2011 | Intermodal

The United States needs to increase its investments in highway infrastructure, funding that can be obtained by raising the fuel tax, Celadon Group Inc. Chairman and CEO Steve Russell told members of Congress during a Feb. 19 listening session. Read More »

SETA reintroduced to let states
 raise interstate weight limits for trucks with additional…

AJOT | February 21, 2011 | Intermodal

The Coalition for Transportation Productivity (CTP), a group of more than 180 shippers and associations dedicated to responsibly increasing federal weight limits on interstate highways, today announced that federal truck weight reform known as the Safe an Read More »

CN Railway service level agreements bring shippers and terminal operators into shared network

AJOT | February 17, 2011 | Intermodal

Service Level Agreements that bring Canadian National Railway, container terminals, shippers and ports into a shared communications network are dramatically increasing the efficiency and transparency of the logistics chain up north. And, according to Paul Read More »

China rail boom under cloud after fall of minister

AJOT | February 17, 2011 | Intermodal

China's plans for a vast railway expansion could slow after the minister in charge came under disciplinary investigation and the official sent to sort out his ministry warned against corruption in project bids. Read More »

FTR Shippers Condition Index reflects tightening capacity

AJOT | February 17, 2011 | Intermodal

FTR Associates has lowered its Shippers Condition Index (SCI) to reflect tightening carrier capacity, particularly in the truckload sector. The February Issue of FTR's Shippers Update reported that the SCI in January stood at -8.8. The SCI sums up all mar Read More »

Ashburton likes developed markets, truck-makers

AJOT | February 17, 2011 | Intermodal

The Ashburton European equity fund is targeting growth plays in developed markets and companies that are in a position to benefit from rising inflation. Read More »

South Africa police fire rubber bullets at striking truckers

AJOT | February 17, 2011 | Intermodal

South African police fired rubber bullets at striking truck drivers after they stoned vehicles transporting goods in Johannesburg and pulled drivers out of their cabs.

Truckers, whose labor action started at the weekend, are threatening a strike they Read More »

CN says CAW union members ratify new collective agreements

AJOT | February 17, 2011 | Intermodal

CN announced that members of the Canadian Auto Workers union have ratified four-year collective agreements with the company and CNTL (a subsidiary of CN). Read More »

Bosnia rail strike ends, industry supplies resume

AJOT | February 17, 2011 | Intermodal

Railway workers in Bosnia's Serb region called off a strike that had disrupted shipments of raw materials to major industries across Bosnia for the second time in two months.

Cargo traffic in the Serb Republic was cut by around 70 percent after railwa Read More »

ATA seeks truckstop support for driver grassroots campaign

AJOT | February 13, 2011 | Intermodal

As part of its effort to contest the Federal Motor Carrier Safety Administration's (FMCSA) Dec. 23 proposal to change the hours-of-service (HOS) requirements for commercial truck drivers, the American Trucking Associations (ATA) is seeking help from truck Read More »

BNSF Railway plans $3.5 billion capital spending in 2011

AJOT | February 13, 2011 | Intermodal

BNSF Railway Co , a Berkshire Hathaway company, plans to spend $3.5 billion this year mainly on its core network and assets.

The company said it plans to spend $2 billion of the total on the railway's core network and related assets, $450 million to b Read More »

Bosnia industries hit by a new rail strike

AJOT | February 13, 2011 | Intermodal

Partial suspension of rail cargo traffic in Bosnia's Serb region has hit key industries across Bosnia, disrupting vital supplies of raw materials for the second time in two months.

Cargo traffic in the Serb Republic has been cut by 70 percent since Mo Read More »

Canadian Pacific, union reach tentative labor deal

AJOT | February 13, 2011 | Intermodal

Canadian Pacific Railway Ltd and a union representing 2,100 staff said they have reached a tentative labor deal, averting a strike at the country's second-biggest rail carrier.

The company and the Canadian Auto Workers (CAW), which represents mechanic Read More »

CN targets C$1.7 billion in 2011 capital investments

AJOT | February 13, 2011 | Intermodal

CN announced plans to invest C$1.7 billion in 2011 to maintain a safe and fluid railway network, to grow the business efficiently and to continue to provide customers with a high level of service.

Claude Mongeau, president and chief executive officer, Read More »

Colombia truckers strike has mixed effects on prices

AJOT | February 13, 2011 | Intermodal

Colombia's truckers strike is producing mixed effects on food prices, a key ingredient of inflation, as some independent truckers fear reprisals if they don't participate in the walkout.

Around 100,000 of the 120,000 members of a truckers association Read More »