Intermodal

CP Rail profit hurt by strike, new CEO costs

AJOT | July 24, 2012 | Intermodal

Canadian Pacific Railway Ltd, fresh from a proxy battle that ousted its chairman and chief executive, reported a 20 percent drop in quarterly earnings due to the impact of a strike and management transition costs. Read More »

Norfolk Southern profit up despite coal drop

AJOT | July 24, 2012 | Intermodal

Railroad company Norfolk Southern Corp reported a higher quarterly profit and flat revenue, with increased general merchandise and intermodal revenue offsetting a double-digit drop in revenue from coal. Read More »

RailAmerica posts higher profit

AJOT | July 24, 2012 | Intermodal

RailAmerica Inc, which agreed to be bought by bigger rival Genesee & Wyoming Inc for $1.39 billion, posted a higher quarterly profit as it shipped more goods at a higher price. Read More »

Cold Train to expand refrigerated container fleet and destinations

AJOT | July 24, 2012 | Intermodal

As a result of continued growth, Cold Train is expanding its Washington State based refrigerated container fleet to 300 state-of-the-art 53' containers (all built by Hyundai), and will also be adding several new destinations this year. Read More »

Genesee & Wyoming to buy RailAmerica for $1.4 billion

AJOT | July 23, 2012 | Intermodal

Genesee & Wyoming Inc said it will buy rival RailAmerica Inc for $1.39 billion in cash to create one of the biggest regional railroad operators in the United States. Read More »

Rising lumber shipments brighten rail outlook

AJOT | July 23, 2012 | Intermodal

U.S. railroad shipments of lumber are gaining momentum, signaling a construction upturn that should drive up shipping volume of consumer products from appliances to furniture. Read More »

Ryder System lifts full-year profit forecast

AJOT | July 23, 2012 | Intermodal

Trucking and logistics company Ryder System Inc posted a better-than-expected quarterly profit on higher lease and rental revenue, and raised its full-year earnings forecast, sending its shares up 10 percent before the bell. Read More »

Old Dominion announces base rate increase

AJOT | July 23, 2012 | Intermodal

Old Dominion Freight Line, Inc. has announced a 4.9 percent increase to its base rates, effective Aug. 6. Read More »

Genesee & Wyoming to buy RailAmerica for $1.4 billion

AJOT | July 22, 2012 | Intermodal

Genesee & Wyoming Inc said it will buy rival RailAmerica Inc for $1.39 billion in cash to create one of the biggest regional railroad operators in the United States. Read More »

Genesee & Wyoming to buy RailAmerica for $1.4 billion

AJOT | July 22, 2012 | Intermodal

Genesee & Wyoming Inc said it will buy rival RailAmerica Inc for $1.39 billion in cash to create one of the biggest regional railroad operators in the United States. Read More »

Workers at Colombia’s main coal railway go on strike

AJOT | July 22, 2012 | Intermodal

Laborers at Colombia's main coal railway went on strike over pay and working conditions, the company and a senior union official said, threatening to paralyze more than one-half of shipments from the world's fourth largest exporter of coal. Read More »

Workers at Colombia’s main coal railway go on strike

AJOT | July 22, 2012 | Intermodal

Laborers at Colombia's main coal railway went on strike over pay and working conditions, the company and a senior union official said, threatening to paralyze more than one-half of shipments from the world's fourth largest exporter of coal. Read More »

Bulgaria cancels tender to sell rail cargo unit

AJOT | July 19, 2012 | Intermodal

Bulgaria's privatization agency cancelled a tender to sell the cargo unit of debt-ridden railway operator BDZ due to lack of serious investor interest. Read More »

Canada’s Raitt names arbitrator in CP Rail labour dispute

AJOT | July 19, 2012 | Intermodal

Canadian Labor Minister Lisa Raitt named William Kaplan as the arbitrator in the dispute between the Canadian Pacific Railway and Teamsters Canada Rail Conference, according to a statement issued by Raitt's office. Read More »

Nigeria signs $1.49 billion railway deal with China

AJOT | July 19, 2012 | Intermodal

Nigeria's government said it had signed a $1.49 billion contract with state-owned China Civil Engineering Construction Corp (CCECC) to build a railway between the commercial capital Lagos and Ibadan. Read More »

Swift Transportation profit beats on stronger pricing

AJOT | July 19, 2012 | Intermodal

Trucking company Swift Transportation Co's second-quarter profit beat market expectations on stronger pricing and growth in intermodal volumes, sending its shares up 7 percent after the bell. Read More »

CP Rail to ship drilling sand for Smart Sand

AJOT | July 19, 2012 | Intermodal

Canadian Pacific Railway Ltd said it has formed a partnership with Smart Sand to ship drilling sand to areas hosting unconventional oil and gas plays in North America, including the Bakken formation and Marcellus Shale. Read More »

CSX profit up as autos, intermodal offset coal

AJOT | July 18, 2012 | Intermodal

CSX Corp reported higher quarterly profit and said revenue and volume were little changed from a year ago as increases in consumer goods segments helped offset a drop in utility coal shipping. Read More »

Union Pacific profit bests estimates despite coal slump

AJOT | July 18, 2012 | Intermodal

Union Pacific Corp, the No. 1 U.S. publicly held railroad, reported a higher quarterly profit as growth in automotive, chemicals, industrial products and intermodal shipping offset a big drop in coal volume. Read More »

Colombia rail blast slows transport at Cerrejon coal mine-media

AJOT | July 16, 2012 | Intermodal

An explosion on a railway line that feeds into Colombia's biggest coal miner, Cerrejon, slowed transport between the mine and a Caribbean port in northern La Guajira province, local media reported. Read More »