Intermodal

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 »

Globaltrans buys $540 million Metalloinvest unit

AJOT | April 29, 2012 | Intermodal

Russian freight firm Globaltrans Investment is buying the railcar unit of iron ore miner Metalloinvest for $540 million, boosting its fleet to around 60,000 units, it said, as it forecast more consolidation for the sector. Read More »

Trucker TransForce profit doubles on courier

AJOT | April 29, 2012 | Intermodal

Canadian trucker TransForce Inc's quarterly profit more than doubled, helped partly by robust performance at its package and courier unit, sending its shares up 7 percent to a more than five-year high. 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 »

Kansas City Southern, Norfolk Southern profit rises

AJOT | April 24, 2012 | Intermodal

Railroads Kansas City Southern and Norfolk Southern each reported higher quarterly profit that beat Wall Street estimates, as automotive and intermodal shipments more than offset weakness in coal volume. Read More »

Old Dominion kicks off Nationwide Truck Tour in Tulsa

AJOT | April 24, 2012 | Intermodal

The Old Dominion Tulsa Service Center hosted the first of eight stops on the 2012 Old Dominion Truck Tour, a nationwide excursion aimed at celebrating the company's history and vision for the future with customers, employees and communities. Read More »

Road Systems, Inc. receives 2011 award from Truck Trailer Manufacturers Association

AJOT | April 24, 2012 | Intermodal

Road Systems, Inc. (RSI), a trailer manufacturer and subsidiary of Con-way Inc. (NYSE: CNW), today announced that it has been honored with the 2011 Plant Safety Award from the Truck Trailer Manufacturers Association (TTMA). This is the third time that RSI Read More »

ATA Truck Tonnage Index up 0.2% in March

AJOT | April 23, 2012 | Intermodal

The American Trucking Associations' advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 0.2% in March after increasing 0.5% in February. (February's rise was unchanged from the preliminary gain we reported on March 27th.) The SA index stoo Read More »

CN Rail sees 2012 profit at top end of forecast

AJOT | April 23, 2012 | Intermodal

Canadian National Railway said its full-year earnings would come in at the top end of an earlier forecast after a mild winter and improving economy helped it lift first-quarter earnings by 16 percent, beating market expectations. Read More »

Kansas City Southern profit up; to pay dividend

AJOT | April 23, 2012 | Intermodal

ailroad company Kansas City Southern reported higher earnings on a record first-quarter increase in carload volumes, boosted by intermodal and automotive shipment revenue that more than offset weakness in coal. Read More »

RailAmerica names new Chief Commercial Officer

AJOT | April 23, 2012 | Intermodal

RailAmerica, Inc. announced that Gary Lewis has been named senior vice president and chief commercial officer. The appointment is effective immediately. Read More »

Canadian Pacific Railway’s profit, efficiency jump

AJOT | April 19, 2012 | Intermodal

Canadian Pacific Railway Ltd's profit more than quadrupled in the first quarter and a key measure of efficiency strengthened as the company posted its last earnings report before the finale of a tough proxy fight. Read More »

Union Pacific 1st-quarter results beat forecasts

AJOT | April 18, 2012 | Intermodal

Union Pacific Corp, the No. 1 U.S. publicly held railroad, reported quarterly results that beat forecasts on Thursday, driven by pricing gains, fuel surcharges and double-digit freight revenue increases in four of its six business groups. Read More »

New FedEx Freight Service Center opens in Alberta

AJOT | April 17, 2012 | Intermodal

FedEx Freight Canada, a subsidiary of FedEx Corp., has officially opened its new state-of-the-art Alberta service center. Representing a multi-million dollar investment in Alberta and a job-creating opportunity in Rocky View County, the new service center Read More »

Canada unveils heavy-vehicle emissions rules

AJOT | April 17, 2012 | Intermodal

Canada, heavily criticized for its environmental record, unveiled long-delayed regulations on Friday that aim to make big trucks and buses up to 23 percent less polluting by 2018. Read More »

CSX earnings, revenue beat expectations

AJOT | April 17, 2012 | Intermodal

CSX Corp reported higher first quarter earnings that beat Wall Street forecasts, as increased merchandise and intermodal shipments more than offset weakness in the coal segment and exp enses declined. Read More »