Intermodal

Bangladesh to get $505 million in loan from ADB for railway improvements

AJOT | June 29, 2015 | Intermodal | Rail

The Asian Development Bank (ADB) and the government of Bangladesh on Sunday signed agreements for $505 million in loans to further improve the country's railways that will help the national economy and boost subregional trade. Read More »

China’s CRRC says no plans to buy Bombardier’s rail assets

AJOT | June 29, 2015 | Intermodal | Rail

Chinese train maker CRRC Corp Ltd said it had no intention to buy the rail business of Canada's Bombardier Inc, responding to recent local media reports that said it planned to do so. Read More »

Carlyle bets on China ecommerce boom with $120 million Shanghai ANE stake

AJOT | June 29, 2015 | Intermodal | Road

Private equity firm Carlyle Group LP said it has agreed to pay $120 million for an undisclosed stake in Chinese logistics firm Shanghai ANE Logistics Limited (ANE) as it seeks to benefit from China's booming e-commerce business. Read More »

China’s Silk Road fund eyes listings among exit strategies

AJOT | June 29, 2015 | Intermodal | Road

China's $40 billion 'Silk Road' infrastructure fund will explore market listings and government transfers as potential strategies for divesting from successful projects, the fund's chief executive said. Read More »

Goods Movement Coalition applauds representative Lipinski’s freight research legislation

AJOT | June 29, 2015 | Intermodal | Road

Addressing the need for increased national freight research, Rep. Dan Lipinski (D-IL) last week introduced legislation aimed at improving freight mobility through transportation research and strategic planning. Read More »

Texas triangle shipping to benefit from GAIN® Clean Fuel and Fast Flow CNG partnership

AJOT | June 29, 2015 | Intermodal | Road

GAIN® Clean Fuel, a brand of U.S. Gain, is partnering with FastFlow CNG, a division of Independence Fuel Systems (IFS) to locate three GAIN Clean Fuel compressed natural gas stations (CNG) in Texas. Read More »

Konecranes TRUCONNECT Remote Services helps manage lift truck fleets from anywhere

AJOT | June 29, 2015 | Intermodal | Road

Konecranes is helping operators get more out of their equipment now that TRUCONNECT® Remote Monitoring is available for Konecranes lift trucks. Read More »

Google to alert drivers to railroad crossings using U.S. data

Reuters | June 29, 2015 | Intermodal | Rail

Google will add audio and visual alerts to warn drivers about upcoming railroad crossings on Google’s navigation system, the U.S. Federal Railroad Administration announced on Monday. Read More »

CAGTC applauds Senate “National Multimodal Freight Policy and Investment Act”

AJOT | June 26, 2015 | Intermodal | Road

Senators Cantwell (D-WA), Booker (D-NJ), Murray (D-WA) and Markey (D-MA) introduced a proposal creating a national multimodal freight policy and investment program. Read More »

CN to report second-quarter 2015 financial and operating results on July 20, 2015

AJOT | June 26, 2015 | Intermodal | Rail

CN will issue its second-quarter 2015 financial and operating results on July 20, 2015, at 4.01 p.m. Eastern Daylight Time (EDT). Read More »

Daimler bets on connectivity with Zonar Systems deal

AJOT | June 25, 2015 | Intermodal | Road

Daimler, the world's largest truck maker, bought a minority stake in Seattle-based telematics provider Zonar Systems Inc on Thursday, the latest step by established vehicle manufacturers to gain know-how in the area of connectivity. Read More »

Trucker’s bankruptcy exit may roughen road for small creditors

AJOT | June 25, 2015 | Intermodal | Road

When U.S. companies go bust, bankruptcy laws ensure workers are among the first to get paid. Now an unconventional settlement in an obscure case threatens to turn that guarantee on its head. Read More »

US to fine railroads that fail to implement PTC safety system

AJOT | June 24, 2015 | Intermodal | Rail

U.S. railroads that fail to implement a safety technology system known as positive train control, or PTC, will face federal fines beginning Jan. 1, the top federal railroad regulator said. Read More »

STB approves Louisville & Indiana Track upgrade

AJOT | June 24, 2015 | Intermodal | Rail

Anacostia Rail Holdings (ARH) and CSX announced that the U.S. Surface Transportation Board has approved a joint proposal by ARH's subsidiary, Louisville & Indiana Railroad (L&I), and CSX to upgrade a key freight corridor between Indianapolis, Indiana and Louisville, Kentucky. Read More »

China’s CITIC to invest $113 billion for ‘Silk Road’ investments

AJOT | June 24, 2015 | Intermodal | Road | Rail | Ports & Terminals

China's CITIC Ltd., the state-owned conglomerate, said that its banking, securities, trust and construction divisions will jointly invest more than 700 billion yuan ($112.79 billion) to support China's "One Belt, One Road" initiative. Read More »

Daimler Trucks reports stronger US, west European demand

AJOT | June 24, 2015 | Intermodal | Road | International Trade

Daimler Trucks' full order books in the United States and western Europe are helping to more than offset weak markets in Asia and Latin America, the company said. Read More »

Southeastern Freight Lines promotes Lovelace to Senior VP of Corporate Planning and Development

AJOT | June 24, 2015 | Intermodal | Road

Southeastern Freight Lines, the leading provider of regional less-than-truckload (LTL) transportation services, announced that Woody Lovelace has been promoted to senior vice president of corporate planning and development. Read More »

Wal-Mart to impose charges on suppliers as its costs mount

AJOT | June 24, 2015 | Intermodal | Road

Wal-Mart Stores will begin charging fees to almost all vendors for stocking their items in new stores and for warehousing inventory, raising pressure on suppliers as the world’s largest retailer battles higher costs from wage hikes. Read More »

Fines or shutdown loom for U.S. railroads over tech deadline

Reuters | June 24, 2015 | Intermodal | Rail

U.S. commuter and freight railroads may be forced to suspend service or face daily fines beginning Jan. 1, unless Congress extends its year-end deadline for implementing new safety technology, lawmakers were told on Wednesday. Read More »

CII seeks 2015 Newark Connie Award nomination

AJOT | June 24, 2015 | Intermodal

The Containerization & Intermodal Institute (CII) is seeking nominations for the 2015 annual Connie Award to be held at a luncheon on December 7 at The Newark Club. Read More »