Intermodal

ATA urges highway bill conferees to address trucking’s needs

AJOT | May 23, 2012 | Intermodal

Leaders of American Trucking Associations have asked members of the conference committee currently negotiating on the highway bill to address several critical issues for the trucking industry. Read More »

CP Rail strike stops freight; government may step in

AJOT | May 23, 2012 | Intermodal

Locomotive engineers and conductors at Canadian Pacific Railway walked off the job after contract talks broke down, shutting down freight operations on Canada's second-biggest railroad. Read More »

CP strike likely to derail Canada canola exports

AJOT | May 23, 2012 | Intermodal

A strike by Canadian Pacific Railway Ltd, the country's No. 2 railroad, looks likely to slow Canada's record-brisk export pace for canola and related products. Read More »

Ackman’s CP Rail win puts Canada boards on notice

AJOT | May 21, 2012 | Intermodal

The unprecedented boardroom rout that storied Canadian Pacific Railway suffered this week at the hands of a brash New York hedge fund is a flashing warning signal for other members of the Canadian corporate establishment. Read More »

ATA truck tonnage fell 1.1% in April

AJOT | May 21, 2012 | Intermodal

The American Trucking Associations' advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 1.1% in April after increasing 0.6% in March. (March's gain was more than the preliminary 0.2% increase ATA reported on April 24.) The latest drop Read More »

Canadian Pacific says union gives strike notice

AJOT | May 21, 2012 | Intermodal

Canadian Pacific Railway Ltd said on Saturday the union representing nearly 5,000 engineers, conductors and traffic controllers submitted a 72-hour strike notice, giving workers the right to walk off their jobs as early as Wednesday. Read More »

China opens vast rail system to private investment

AJOT | May 21, 2012 | Intermodal

China's railway industry will open to private investment on an unprecedented scale, according to a document issued this weekend by the Ministry of Railways, which is struggling with mounting debts and a corruption scandal while attempting to resolve the c Read More »

China raises railway freight prices by 10%

AJOT | May 21, 2012 | Intermodal

China has raised railway freight prices across the board by nearly 10 percent in order to cover increased operational costs, authoritative sources told the Shanghai Securities News. Read More »

Weak coal shipments weigh on US railroads

AJOT | May 21, 2012 | Intermodal

More cars, less coal. That sums up the shipping trends at the biggest U.S. railroads so far in the second quarter. Read More »

Weak coal shipments weigh on US railroads

AJOT | May 21, 2012 | Intermodal

More cars, less coal. That sums up the shipping trends at the biggest U.S. railroads so far in the second quarter. Read More »

Kansas City Southern says coal shipments weaker

AJOT | May 17, 2012 | Intermodal

Railroad operating company Kansas City Southern said shipments of coal, farm products and chemicals were weaker than expected a month ago, but kept its full-year profit forecast unchanged, saying shipments should pick up once the railroad moves past tempo Read More »

Toll blames weak Japan for profit warning

AJOT | May 17, 2012 | Intermodal

Toll Holdings Ltd, blamed a weak Japanese economy for a profit warning and writedowns. Read More »

CP Rail CEO resigns in victory for dissident Ackman

AJOT | May 16, 2012 | Intermodal

Canadian Pacific Railway Ltd Chief Executive Fred Green conceded defeat in a long bitter proxy battle with New York activist shareholder William Ackman, resigning from his job and clearing the way for a management overhaul at the country's second-biggest Read More »

Harrison, tipped for CP Rail, shifted culture at CN rail

AJOT | May 16, 2012 | Intermodal

Hunter Harrison, leading candidate to take the helm at Canadian Pacific Railway Ltd, engineered a turnaround at Canadian National Railway by pushing his employees to make the trains run on time. Read More »

CP Rail still seeks turnaround as proxy battle ends

AJOT | May 15, 2012 | Intermodal

Storied Canadian Pacific Railway Ltd faces tough challenges as a grueling proxy battle nears its end, and a likely new boss must meet investors' high expectations as well as keeping staff and employees happy after a four-month battle for control. Read More »

Transcontainer boosts dividend

AJOT | May 15, 2012 | Intermodal

Russian rail group Transcontainer said its board of directors recommended a 30-fold increase in its 2011 dividend payments after its net profit quadrupled ahead of a possible privatisation of the company. Read More »

IES hits the road running with Canadian highway ACI certification

AJOT | May 14, 2012 | Intermodal

Transportation software provider, IES, Ltd., announces that the company has been certified by CBSA as an authorized Canadian ACI highway software provider. IES will now provide one cloud-based gateway for truck shipments traveling from the US into Canada Read More »

Amazon aims for top three in China market

AJOT | May 10, 2012 | Intermodal

Amazon.com Inc, the world's largest online retailer, is prepared to run losses in China to secure a position among the top three players by sales in the country's cut-throat but booming e-commerce market, its China chief said. Read More »

Pershing gets more backing ahead of CP Rail showdown

AJOT | May 10, 2012 | Intermodal

Activist investor William Ackman's push to shake up Canadian Pacific Railway Ltd gathered more steam on Wednesday, with a third advisory firm endorsing his entire slate of board nominees ahead of the company's annual meeting next week. Read More »

CP Railway union backs strike mandate

AJOT | April 29, 2012 | Intermodal

Members of the union representing about 5,000 conductors, trainmen, yardmen, locomotive engineers and traffic controllers at Canadian Pacific Railway Ltd have voted 95 percent in favor of a strike mandate, the latest challenge for Canada's second-biggest Read More »