Intermodal

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 »

North Carolina Governor honors Old Dominion Freight Line

AJOT | April 17, 2012 | Intermodal

Safety Executive with Prestigious Order of the Long Leaf Pine

Old Dominion Freight Line Inc. has been recognized by North Carolina Gov. Bev Perdue for its accomplishments and contributions to the trucking industry in the state. Read More »

NJ trucking executive warns Senate on the true cost of tolls

AJOT | April 17, 2012 | Intermodal

In testimony before the Senate Commerce, Science and Transportation Committee, NFI Chief Financial Officer Steve Grabell warned that rapidly increasing toll rates, as well as the spread of tolls across the transportation system, are a threat to consumers Read More »

Kenyan TransCentury expects jump in profit

AJOT | April 16, 2012 | Intermodal

Kenya's TransCentury expects net profit for the first half of this year to surpass full year profit for 2011 after it tripled capacity at its electric cable and transformer plants, its chief executive said. Read More »

Rail car shortage cuts Kazakh grain export forecast

AJOT | April 16, 2012 | Intermodal

Kazakhstan's grain exports will fall at least 20 percent short of its forecast this season due to a shortage of rail cars, even as Russian port capacity frees up to allow more Kazakh grain to leave the Black Sea, an Agriculture Ministry official said. Read More »

Russian Railways may sell Freight One stake

AJOT | April 16, 2012 | Intermodal

Russia's railway monopoly Russian Railways may sell its remaining 25-percent stake in rail cargo operator Freight One as soon as this year, Russian daily Kommersant reported, citing sources. Read More »

JB Hunt Q1 profit up

AJOT | April 12, 2012 | Intermodal

U.S. trucker J.B. Hunt Transport Services posted higher quarterly profit, beating expectations, as a rate increase helped drive a 20 percent revenue jump in the intermodal segment, which ships goods in containers that can be moved from one form of transpo Read More »

Globaltrans sees freight market accelerating

AJOT | April 11, 2012 | Intermodal

Russian freight firm Globaltrans, seen as a barometer of the country's economy as it transports the natural resources and metals that are its lifeblood, sees an 8 percent rise in freight market turnover in 2012, ahead of 6 percent last year. Read More »

CP Rail sees 1st-quarter profit far above expectations

AJOT | April 11, 2012 | Intermodal

Canadian Pacific Railway Ltd, in the midst of a bruising fight over performance with its biggest shareholder, forecast a four-fold increase in first-quarter earnings - well ahead of analysts' expectations. Read More »

Fourth-quarter truck driver turnover makes surprise drop

AJOT | April 10, 2012 | Intermodal

After a year of quarterly increases, the turnover rate for truck drivers at large truckload fleets unexpectedly dipped one percentage point to an annualized rate of 88% American Trucking Associations Chief Economist Bob Costello said today. Read More »

KC SmartPort’s ‘Momentum 2012’ event drives discussion on Kansas City’s rail industry

AJOT | April 05, 2012 | Intermodal

KC SmartPort hosted Momentum 2012 recently, featuring a panel of national rail executives from BNSF, Union Pacific, Kansas City Southern and Watco Companies. The event focused on business trends including the future of the rail sector, which is making rec Read More »

Mitsui Rail Capital names Gerber Director of sales and marketing

AJOT | April 05, 2012 | Intermodal

Mitsui Rail Capital, LLC (MRC) announced that Chris Gerber has joined the company as Director of Sales and Marketing, effective April 1, 2012. He will report to Dan Penovich, MRC's vice-president of Sales and Marketing.

Gerber has nearly thirty year Read More »

Pershing presses for new CP Rail boss in filing

AJOT | April 05, 2012 | Intermodal

Activist investor William Ackman argued once again that only a new chief executive can lead Canadian Pacific Railway to recovery, in a proxy pitch to shareholders that also seeks support for his slate of seven board nominees.

Ackman, whose Pershing Sq Read More »

House approves Geist’s Public-Private Partnership Legislation

AJOT | April 04, 2012 | Intermodal

The House today approved legislation sponsored by House Transportation Committee Chairman Rick Geist (R-Altoona) that will enable Pennsylvania to explore and implement partnerships with the private sector to help rebuild the Commonwealth's deteriorating t Read More »

ICL elects new Chairman

AJOT | April 04, 2012 | Intermodal

The Institute of International Container Lessors' (IICL) President, Steven Blust, announced that Brian Sondey, Chairman, Chief Executive Officer and President of TAL International Group, Inc., has been elected to the position of Chairman of the IICL for 2 Read More »