Intermodal

Contrans Q3 misses market on higher expenses

AJOT | November 07, 2010 | Intermodal

Canadian cross-border trucker Contrans Inc's quarterly profit trailed estimates, hurt by higher operating expenses, accident costs and revenue decline from delayed projects, but said it expects its waste management acquisitions to augment revenue going fo Read More »

Con-way misses estimates, but sees improvement

AJOT | November 07, 2010 | Intermodal

U.S. trucking and logistics company Con-way Inc reported third-quarter profit and revenue below forecasts, but shares rose as it said it has seen improvement heading into the fourth quarter.

Chief Executive Douglas Stotlar said costs for corporate off Read More »

ABF drivers named America’s Road Team Finalists

AJOT | November 07, 2010 | Intermodal

ABF Freight System, Inc.',drivers are among the 33 professional truck drivers named as finalists to become Captains on the 2011-2012 America's Road Team, selected by the American Trucking Associations (ATA). Named finalists were ABF drivers David Boyer of Read More »

Genesee & Wyoming Q3 profit beats on higher freight revenue

AJOT | November 07, 2010 | Intermodal

Genesee & Wyoming Inc , which owns and operates short-line and regional railroads, posted better-than-expected quarterly earnings, helped by a rise in freight revenue, and said it expects to complete its acquisition of Australia's FreightLink in November. Read More »

Caterpillar unit to open US rail locomotive factory

AJOT | October 31, 2010 | Intermodal

Caterpillar Inc , the U.S. heavy equipment maker that has been moving aggressively into the rail business, will announce plans to open a railcar facility in east central Indiana, the (Muncie) Star Press newspaper reported.

Citing unnamed sources, the Read More »

Norfolk Southern Q3 profit tops forecasts

AJOT | October 31, 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 Wick Moorman Read More »

ABF files legal actions against Teamsters, YRC Companies

AJOT | October 31, 2010 | Intermodal

ABF Freight System, Inc.',(ABF), the largest subsidiary of Arkansas Best Corporation and a leading less-than-truckload transportation company, has filed legal actions against the International Brotherhood of Teamsters (IBT) and other parties including sev Read More »

CN’s Mongeau says market-based innovation and supply chain collaboration are key to strengthening…

AJOT | October 31, 2010 | Intermodal

Mongeau, speaking to the Pacific Gateway Forum 2010 at the Vancouver Board of Trade, said global trade is key to Canada's prosperity and that Port Metro Vancouver is of vital importance to the nation's international trade flows, handling commerce from mor Read More »

ATA truck tonnage index rose 1.7% in September

AJOT | October 27, 2010 | Intermodal

The American Trucking Associations' advance seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1.7 percent in September after falling a revised 2.8 percent in August. The latest gain put the SA index at 108.7 (2000=100) in September from 106. Read More »

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 »