Intermodal

BMO starts CN Rail, CP Rail with market perform rating

AJOT | June 06, 2010 | Intermodal

BMO Capital Markets started coverage of Canadian National Railway Co and Canadian Pacific Railway Ltd with "market perform" rating, and said the companies' margin growth opportunities remain high.

CN Rail, Canada's biggest railway, would bene Read More »

Container futures to be cleared in weeks

AJOT | June 06, 2010 | Intermodal

The first cleared container freight derivatives contract is set to be traded in the coming weeks in a major development for the nascent market, a broker with shipping services group Clarksons said.

Freight derivatives allow a buyer to take a Read More »

Florida East Coast Railway announces Hertwig joins as CEO

AJOT | June 06, 2010 | Intermodal

Florida East Coast Railway has announced that James Hertwig will become President and CEO of the Company effective July 1, 2010. Read More »

Russia steel baron eyes First Freight stake

AJOT | June 06, 2010 | Intermodal

Vladimr Lisin, the owner and chairman of Novolipetsk Steel , wants to buy a strategic stake in First Freight Co, Russia's second-largest rail freight operator, two sources told Reuters.

Lisin, ranked Russia's richest man by Forbes magazine, i Read More »

Trucker YRC sees May gains; stock split upcoming

AJOT | June 06, 2010 | Intermodal

Troubled trucking company YRC Worldwide is on the road to recovery, according to its Chairman Bill Zollars, who said operations improved in May and were expected to gain more ground in the coming months.

After a brush with bankruptcy last yea Read More »

Russia Globaltrans eyes 2nd freight company stake

AJOT | May 27, 2010 | Intermodal

Globaltrans is interested in buying a stake in the soon-to-be-formed Russian Second Freight Company and may invest 25 billion roubles ($808.8 million), a source familiar with the firm's plans told Reuters. Read More »

W’rtsil’ enters rail market through joint venture with Transmashholding in Russia

AJOT | May 27, 2010 | Intermodal

W'rtsil' has signed a joint venture agreement with the Russian company Transmashholding (TMH) to manufacture modern and multipurpose diesel engines in Russia. The engines, including a new and technically advanced version of the W'rtsil' 20 -engine, will b Read More »

DB Schenker Rail Bulgaria receives traction license and begins independent railroad operations

AJOT | May 27, 2010 | Intermodal

DB Schenker Rail Bulgaria EOOD, founded at the start of this year, celebrated its grand opening in Pirdop, Bulgaria. By expanding its network, DB Schenker Rail now has its own national company in the growing Southeast Europe region. The company also recei Read More »

AeroFlex’ fairings from Carrier Transicold improve trailer efficiency

AJOT | May 27, 2010 | Intermodal

AeroFlex' fairings, which have demonstrated up to a 7.5 percent improved fuel economy for tractor-trailer rigs, are now available from Carrier Transicold's North American dealer network. Carrier Transicold is a part of Carrier Corp., a business unit of Un Read More »

DB Schenker links up road and rail with new service

AJOT | May 27, 2010 | Intermodal

DB Schenker now links up road and rail services even more effectively: the new DB SCHENKERhangartner service offers customers from trade and industry the combination of trucking and rail services from one source. Pick-up and delivery services are handled Read More »

Reddaway is named 2009 Regional Carrier of the Year by GlobalTranz

AJOT | May 27, 2010 | Intermodal

Reddaway, a subsidiary of YRC Worldwide Inc. has been named 2009 Regional Carrier of the Year by GlobalTranz, a logistics management firm specializing in carrier, supply chain, and warehouse management. Read More »

New Afghan railroad to boost trade and supply troops

AJOT | May 24, 2010 | Intermodal

Afghanistan's first railway in almost a century is due to be completed before the year's end, officials said, with the aim of not only boosting the country's economy but also supplying NATO troops there.

The $170 million project, the bulk of Read More »

Wilbur Ross mulls rail investments

AJOT | May 18, 2010 | Intermodal

Billionaire investor Wilbur Ross said his private equity firm was considering investments in rail cars, real estate and casinos.

Ross' private equity firm WL Ross & Co bought into railroad equipment supplier Greenbrier Cos in 2009, and the tw Read More »

YRC Worldwide receives Kaizen Challenge Award from Toyota NAPO

AJOT | May 18, 2010 | Intermodal

YRC Worldwide Inc.. announced that it has been awarded the Kaizen Challenge Award from the Toyota North American Parts Organization (NAPO) for continuous improvement for the third consecutive year. Toyota Read More »

Southeastern Freight Lines Earns LTL Carrier of the Year Award from Rheem Water Heating Division

AJOT | May 18, 2010 | Intermodal

Southeastern Freight Lines, a regional less-than-truckload (LTL) transportation services provider, has received the 2009 LTL Carrier of the Year award by Rheem Water Heating Division for high-quality service.

Southeastern has also received Rh Read More »

NASSTRAC recognizes Duncan with Lifetime Achievement Award

AJOT | May 18, 2010 | Intermodal

NASSTRAC recently recognized Doug Duncan, founding president and CEO of FedEx Freight, with the Lifetime Achievement Award. The award recognizes industry leaders who have achieved significant accomplishments on behalf of the industry through their leaders Read More »

Key figure of U.S. chemical demand rises

AJOT | May 16, 2010 | Intermodal

Chemical shipments on U.S. railroads rose 14.6 percent last week, the Association of American Railroads said.

Chemicals shipments on trains, called rail car loadings, are a measure of demand for products ranging from plastics to fertilizers. Read More »

Kenya floats fresh tender for faster cross-country railway

AJOT | May 16, 2010 | Intermodal

Kenya Railways invited fresh bids for a new railway to run between its port city Mombasa and the Ugandan capital Kampala, that will treble train speeds and boost regional trade, after previous bids were too high for its budget.

The railway, w Read More »

Intermodal volume climbs 8.4% year-over-year in first quarter

AJOT | May 13, 2010 | Intermodal

The U.S. economy emerged from its recession during the first quarter of 2010 as increased consumer demand and inventory acquisition prompted a significant rise in total inter'modal volume. Domestic container volume posted the strongest growth, rising 15.7 Read More »

Railinc launches TrainFax(TM) website for freight rail equipment reports


AJOT | May 13, 2010 | Intermodal

Railinc Corp. announced the launch of the new Railinc TrainFaxTM website that now delivers reliable, up-to-date rail equipment information in a single report. Freight rail equipment owners, lessees, investors, insurers, inspectors and other professionals Read More »