Intermodal

Cheap oil, strong dollar pose challenges for US railroads

Reuters | April 16, 2015 | Intermodal | Rail

Low oil prices and the strong U.S. dollar made for a somewhat painful first quarter for major U.S. railroads CSX Corp and Norfolk Southern Corp, and may continue to weigh on their profits. Read More »

CN Rail, beset by derailments, to upgrade Western Canada network

Reuters | April 16, 2015 | Intermodal | Rail

Canadian National Railway Co , hit by a recent string of derailments, will spend C$500 million ($412 million) to upgrade its feeder network in Western Canada to improve safety and boost capacity, the railway said. Read More »

German union threatens Amazon with long fight over wages

Reuters | April 16, 2015 | Intermodal | Road

German labor union Verdi is prepared for a long fight with U.S. online retailer Amazon.com Inc for better pay and conditions and expects more strikes this Christmas. Read More »

AED chairman calls on congress to get to work on multiyear highway bill

AJOT | April 16, 2015 | Intermodal | Road

When it comes to infrastructure, Washington, D.C., is failing the American people, said AED Chairman Don Shilling at a Capitol Hill press conference today. Shilling is president of General Equipment & Supplies, a heavy construction equipment dealership based in Fargo, N.D. Read More »

ATA Joins Call to Fund Long-Term Highway Bill

PR Newswire | April 15, 2015 | Intermodal | Road

American Trucking Associations President and CEO Bill Graves urged the Obama administration and Congress to quickly come together on a long-term, well-funded highway bill. Read More »

GCC rail network to connect the 6 Gulf states by 2018

AJOT | April 15, 2015 | Intermodal | Rail

2,177km rail network will link the Gulf countries together, providing alternative to air or sea travel Read More »

CSX sees Q2 EPS flat to slightly up versus 2014

Reuters | April 15, 2015 | Intermodal | Rail

U.S. railroad CSX Corp said on Wednesday that it expects its second-quarter earnings per share will be flat to slightly up compared with the 53 cents the company reported in the same quarter in 2014. Read More »

CSX posts higher profit, announces share repurchase program

Reuters | April 14, 2015 | Intermodal | Rail

U.S. railroad CSX Corp reported a higher quarterly net profit on increased freight volumes and higher rates charged to customers, and announced a $2 billion share repurchase program. Read More »

ABF Freight Receives National LTL Carrier of the Year Award

AJOT | April 14, 2015 | Intermodal | Road

For the third consecutive year, ABF FreightSM, an ArcBest company (Nasdaq: ARCB), has earned the National LTL Carrier of the Year Award from the National Shippers Strategic Transportation Council. Read More »

Evergreen Shipping Agency (America) Corp. names CN 2014 Railroad Company of the Year

AJOT | April 14, 2015 | Intermodal | Rail

Evergreen Shipping announced that it has named CN as its 2014 Railroad Company of the Year in recognition of CN's "consistent high level of performance." Read More »

CN Rail grain train derails in Alberta, no injuries

Reuters | April 12, 2015 | Intermodal | Rail

Twenty-four grain cars on a Canadian National Railway train derailed in Alberta on Friday morning without injury or dangerous goods involved, Royal Canadian Mounted Police (RCMP) said. Read More »

CN Railway train in Alberta “incident”

Reuters | April 12, 2015 | Intermodal | Rail

Canadian National Railway train was involved in an “incident” in the western Canadian province of Alberta, a spokesman for the country’s largest rail operator said on Friday, adding no further details were immediately available. Read More »

Canada’s TSB investigates death at CN Rail facility

Reuters | April 12, 2015 | Intermodal | Rail

Canada’s Transportation Safety Board said on Friday it has launched an investigation into the death of a Canadian National Railway Ltd employee in Saskatoon, Saskatchewan, on Thursday night. Read More »

Canadian regulators investigate CN Rail fatal accident

Reuters | April 12, 2015 | Intermodal | Rail

Canada’s Transportation Safety Board said on Friday it has launched an investigation into the death of a Canadian National Railway Ltd employee near Saskatoon, Saskatchewan, on Thursday night. Read More »

Hearing to Examine Status of Rail, Pipeline, & Hazmat Safety Rules

AJOT | April 10, 2015 | Energy | Pipeline | Rail and Road | Intermodal | Road

The Subcommittee on Railroads, Pipelines, and Hazardous Materials, chaired by U.S. Rep. Jeff Denham (R-CA), will hold a hearing next week on the status of current federal railroad, pipeline, and hazardous materials safety rulemakings. Read More »

California imports of crude by rail fall sharply in February from January

Reuters | April 07, 2015 | Energy | Rail and Road | Intermodal | Rail

California imported 176,203 barrels of crude by rail in February, the lowest single-month level since January 2013, the California Energy Commission said on Tuesday. Read More »

CenterPoint Properties announces the acquisition of 1800 Lower Road, Linden, NJ

AJOT | April 06, 2015 | Intermodal | Road | Ports & Terminals

CenterPoint Properties has announced the acquisition of a 386,296 square foot port-proximate industrial facility at 1800 Lower Road, Linden, New Jersey. Jeffery Miller of Lee & Associates represented CenterPoint in the transaction. CenterPoint has acquired 23 properties in New Jersey since entering the market in 2010, proving a strong commitment to the region. Read More »

NTSB issues ‘urgent’ recommendations to boost oil train safety

Reuters | April 06, 2015 | Intermodal | Rail

The National Transportation Safety Board on Monday called for the faster replacement of rail cars that carry flammable liquids like crude oil or ethanol, one of four urgent recommendations stemming from an investigation of recent derailments. Read More »

Million barrels of oil per day riding US rails

Reuters | April 04, 2015 | Intermodal | Rail

More than 1 million barrels of crude oil move by train across the United States every day, according to data published for the first time by the government. Read More »

Truckload turnover remained high in fourth quarter

Reuters | April 04, 2015 | Intermodal | Road

According to ATA Chief Economist Bob Costello, turnover at truckload fleets – a barometer of the driver shortage – remained very high in the fourth quarter of 2014. Read More »