Intermodal

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 »

J.B. Hunt profit meets estimate, revenue misses

AJOT | July 16, 2012 | Intermodal

U.S. trucker J.B. Hunt Transport Services reported quarterly profit that matched Wall Street estimates while revenue increased slightly less than expected on higher expenses. Read More »

Kansas City Southern revenue trails estimates

AJOT | July 16, 2012 | Intermodal

Railroad company Kansas City Southern reported a slightly higher-than-expected quarterly profit, but revenue lagged estimates on a bigger-than-expected drop in coal shipments. Read More »

Kansas City Southern revenue trails estimates

AJOT | July 16, 2012 | Intermodal

Railroad company Kansas City Southern reported a slightly higher-than-expected quarterly profit, but revenue lagged estimates on a bigger-than-expected drop in coal shipments. Read More »

Transcontainer Q1 earnings double yr/yr

AJOT | July 16, 2012 | Intermodal

Russian rail group Transcontainer said its first-quarter net profit doubled, year-on-year, to stand at 1.2 billion roubles ($36.80 million). Read More »

Rift Valley Railways to spend $62 million on wagons

AJOT | July 15, 2012 | Intermodal

Rift Valley Railways is to spend $62 million buying new wagons and restoring old ones to help it win a bigger share of the region's freight market, the Kenyan firm said Read More »

Old Dominion’s New Duluth, Minnesota, service center

AJOT | July 10, 2012 | Intermodal

Old Dominion Freight Line, Inc. has opened its newest service center, an eight-door facility that will serve as a gateway to the Great Lakes shipping area in northern Minnesota and northwestern Wisconsin. Read More »

CN to construct five long sidings on B.C. North Line as part of C$155-million expenditure

AJOT | July 10, 2012 | Intermodal

CN announced that it plans to construct five extended sidings on its B.C. North Line in 2012 as part of a multi-year capital program to expand freight train capacity to handle growing freight volumes along its important Edmonton, Alta.-Prince Rupert, B.C. Read More »

FEC applauds new focus on freight in Federal Transportation Bill

AJOT | July 10, 2012 | Intermodal

Following months of bicameral and bipartisan negotiations, Congress has emerged with a 27-month bill containing a number of provisions that place unprecedented emphasis on freight movement and its importance to the United States economy. Florida East Coa Read More »

New report sees trucking gains through 2023

AJOT | July 10, 2012 | Intermodal

After a significant dip during the Great Recession, and a mild economic recovery, the U.S. freight economy, particularly for trucking, is projected to grow significantly in the years ahead, according to American Trucking Associations' U.S. Freight Transpo Read More »