Intermodal

U.S. crude rail rules to include disputed brake mandate

Reuters | April 30, 2015 | Intermodal | Rail

An oil train safety plan for the United States and Canada to be announced on Friday will include an unexpected mandate on the rail industry to adopt an advanced braking system, industry sources familiar with the rules said. Read More »

Roadrunner Transportation Systems names Goodgion President of Transportation Management Solutions

AJOT | April 30, 2015 | Intermodal | Road

Roadrunner Transportation Systems, Inc. has announced the hiring of William Goodgion as president of the company’s Transportation Management Solutions (TMS) segment. Goodgion will be responsible for overseeing the entire TMS segment, which is comprised of leading Roadrunner companies including Group Transportation Services, Marisol International, and Unitrans International. Read More »

Old Dominion Freight Line announces first-quarter earnings

AJOT | April 30, 2015 | Intermodal | Road

Old Dominion Freight Line, Inc. announced financial results for the three-month period ended March 31, 2015. Revenue was $696.2 million, a 12.2% increase from $620.3 million for the first quarter of 2014. Net income grew 36.3% to $62.5 million from $45.9 million for the first quarter of 2014. Earnings per diluted share increased 37.7% to $0.73 for the first quarter of 2015 from $0.53 for the comparable prior-year quarter. Old Dominion's operating ratio improved 200 basis points to 85.1% from 87.1% for the first quarter of 2014. Read More »

Con-way reports 2015 first-quarter results

AJOT | April 30, 2015 | Intermodal | Road

Con-way Inc. has announced first-quarter 2015 net income of $21.8 million, or 37 cents per diluted share. In the first quarter of 2014, Con-way reported net income of $12.9 million, or 22 cents per diluted share. Read More »

Weak coal, strong dollar undermine Norfolk Southern profit

Reuters | April 30, 2015 | Intermodal | Rail

U.S. railroad Norfolk Southern Corp reported a lower net profit, sparked by a drop in coal volumes as utilities burned more lower-cost natural gas and U.S. exporters were hurt by the strong dollar. Read More »

Driver’s react to XPO’S $3.5 billion spending spree

AJOT | April 30, 2015 | Intermodal | Road | Ports & Terminals

On Tuesday, XPO Logistics (NYSE: XPO), whose port truck drivers at subsidiaries Pacer Cartage (“Pacer”) and Harbor Rail Transport (“HRT”) are currently on strike at the Ports of Los Angeles and Long Beach and at Pacer facilities adjacent to the U.S.-Mexico Border, announced the acquisition of French 3PL Norbert Dentressangle for $3.5 Billion in cash and debt. Read More »

China trainmakers seek control of Bombardier’s rail unit

Reuters | April 29, 2015 | Intermodal | Rail

China’s top two trainmakers have been in discussions with Bombardier Inc about possibly buying a controlling stake in the Canadian company’s railway unit, two sources with direct knowledge of the matter said. Read More »

Grupo Mexico eyes rail unit IPO as soon as market allows

Reuters | April 29, 2015 | Intermodal | Rail

Mexican mining, transport and infrastructure company Grupo Mexico said on Wednesday it plans to launch the initial public offering (IPO) of its ITM rail unit as soon as market conditions allow. Read More »

First WIM System to Obtain OIML Certification

AJOT | April 29, 2015 | Intermodal | Road

Kistler Lineas® strip sensors are now OIML-certified for low to medium-speed vehicle weighing. Kistler announced that it has obtained the OIML R-134 certificate for its Weigh-In-Motion (WIM) system consisting of Lineas quartz WIM sensors and the Kistler WIM Data Logger. Kistler is the first WIM manufacturer to have received an OIML certificate for vehicle weighing with strip sensors from 3 to 65 km/h. As OIML R-134 is the international metrology standard for legal weighing applications, the certificate paves the way for the use of Kistler WIM systems in applications such as weight-based toll collection and automatic weight enforcement. Read More »

NMA and OOIDA Dispute Split-Speed Limit Safety Claims by American Trucking Associations

AJOT | April 29, 2015 | Intermodal | Road

NMA and OOIDA issued a joint statement questioning claims made by the ATA that all trucks need speed limiters programmed to 65 mph. Read More »

Axle test might have averted North Dakota oil train crash

Reuters | April 28, 2015 | Intermodal | Rail

A more stringent inspection of old tank car axles might have prevented an explosive BNSF train collision in Casselton, North Dakota, in December 2013, according to documents posted by the National Transportation Safety Board. Read More »

Chinese rail firm signs $5.5 billion worth of deals in Africa

Reuters | April 28, 2015 | Intermodal | Rail

China Railway Construction Corp Ltd (CRCC) has signed two deals worth a combined $5.5 billion for construction projects in Africa, Xinhua reported, as the country's railway firms increasingly flex their muscle overseas. Read More »

US court throws out challenge to EPA truck emission rules

Reuters | April 28, 2015 | Intermodal | Road

A federal court has rejected a challenge to the first U.S. greenhouse gas emission standards for heavy trucks, ruling that the plaintiffs had failed to show how the court could address their concerns about the regulation. Read More »

McCarthy says short-term transportation bill likely in May

Reuters | April 28, 2015 | Intermodal | Road

Republican House Majority Leader Kevin McCarthy said he believes passage of short-term legislation next month to extend transportation funding through the end of 2015 was more likely than a multi-year funding bill. Read More »

Brazil likely to exclude railways from new infrastructure auctions

Reuters | April 26, 2015 | Intermodal | Rail

Brazil is unlikely to have new railway projects in its plan to lure private investment to improve the country’s aging infrastructure and aid the stagnant economy. Read More »

Brazil trucker strike sputters on second day

Reuters | April 26, 2015 | Intermodal | Road

Participation in a trucker strike in Brazil weakened its second day, as the number of blockages on highways fell to 11 from 17 the night before, according to police. Read More »

Kenya’s TransCentury reports 2014 loss, blames project delays

Reuters | April 26, 2015 | Intermodal | Rail

Kenyan investment firm TransCentury recorded a pretax loss of 2.11 billion shillings ($22.4 million) for 2014, partly blaming a slide in revenues due to some project delays, but said 2015 promised more infrastructure work. Read More »

Purolator International names Roberts as Western District Sales Manager

AJOT | April 26, 2015 | Intermodal | Road

Purolator International, a leading provider of cross-border logistics between the U.S. and Canada,has announced the appointment of Bruce Roberts as Western District Sales Manager. Read More »

Brazil trucker strike sputters on second day

Reuters | April 24, 2015 | Intermodal | Road

Participation in a trucker strike in Brazil weakened on Friday, its second day, as the number of blockages on highways fell to 11 from 17 the night before, according to police. Read More »

Union Pacific profit rises but misses expectations

Reuters | April 23, 2015 | Intermodal | Rail

No. 1 U.S. railroad Union Pacific Corp reported a higher quarterly net profit as lower fuel costs and pricing gains offset falling freight volumes, but results fell short of market expectations. Read More »