Intermodal

Union Pacific posts record results

AJOT | July 25, 2010 | Intermodal

Union Pacific Corp, the No. 1 U.S. railroad, reported record quarterl, topping Wall Street expectations, as business volumes and freight revenue surged amid an improving economy.

Union Pacific Chairman Jim Young said the pace of the economic Read More »

US freight companies post strong results as pricing improves

AJOT | July 25, 2010 | Intermodal

U.S. freight companies reported higher second-quarter profits and said pricing was improving steadily, indicating strong growth for the rest of the year.

They also plan to add capacity in the second half of 2010 as the freight market thaws af Read More »

JB Hunt Q2 results beat Street view

AJOT | July 19, 2010 | Intermodal

J.B. Hunt Transport Services Inc , a freight transport company, posted better-than-expected quarterly results, helped by a jump in revenue at its intermodal segment as demand for transportation services grew. Read More »

Metric of US. chemical demand unexpectedly dips

AJOT | July 19, 2010 | Intermodal

Chemical shipments on U.S. railroads fell 5.5 percent last week after months of steady increases, the Association of American Railroads said. Read More »

Cross-border trade to fuel Canadian trucking recovery

AJOT | July 19, 2010 | Intermodal

Recession-worn Canadian truckers are in for a joyride, as a surge in auto trade with the United States and a rebound in truckload rates pave the road for better times. Trucking trade with the United States, up by about a third since January, is bringing t Read More »

Wabtec to buy 2 units of Global Railway for $45 mlllion

AJOT | July 19, 2010 | Intermodal

Wabtec Corp , a U.S. railcar parts and braking equipment maker, said it will acquire two units of Global Railway Industries Ltd for about $45 million in cash.

The company expects the acquisition of G&B Specialties Inc and Bach-Simpson Corp, w Read More »

YRC reiterates its business is improving

AJOT | July 14, 2010 | Intermodal

Trucking company YRC Worldwide said its business continues to improve, marking a turnaround from the end of the last year when the company narrowly averted bankruptcy.

YRC said it expects second-quarter adjusted EBITDA (earnings before intere Read More »

Holland selected as 2009 LTL Carrier of the Year by TTS, LLC

AJOT | July 14, 2010 | Intermodal

Holland, a subsidiary of YRC Worldwide Inc. has been named 2009 LTL Carrier of the Year by TTS, LLC, one of the fastest growing third-party transportation and logistics providers in the industry.

In a recent ceremony, TTS presented its annual Read More »

CSX sees further gains from economic recovery

AJOT | July 14, 2010 | Intermodal

Railroad company CSX Corp expects to follow up its better-than-expected second-quarter profit with good gains in the current quarter as the economic recovery gains momentum, company officials said. Read More »

Saudi Arabia completes most of bauxite ore railway

AJOT | July 11, 2010 | Intermodal

Saudi Arabia has completed two thirds of a planned railway to transport phosphate and bauxite ore needed for a $10.8 billion project by miner Maaden and U.S. firm Alcoa , state news agency SPA said. Read More »

Growing freight demands reaching transportation crisis

AJOT | July 11, 2010 | Intermodal

In 10 years, an additional 1.8 million trucks will be on the road; in 20 years, for every two trucks today, another one will be added. Already bottlenecks on major highways used by truckers every day are adding millions of dollars to the cost of food, go Read More »

Greenbrier posts surprise Q3 profit

AJOT | July 11, 2010 | Intermodal

Railroad equipment supplier Greenbrier Cos Inc posted a surprise third-quarter profit, helped by lower costs and higher margin, sending its shares up as much as 18 percent.

The company said revenue would continue to be lower in 2010 compared Read More »

YRC must pay bondholders court rules

AJOT | July 11, 2010 | Intermodal

A federal court has ordered struggling U.S. trucker YRC Worldwide to pay bondholders who opted out of a debt-for-equity exchange last year that kept YRC out of bankruptcy court. Read More »

Averitt expands flatbed services, adds jobs

AJOT | June 30, 2010 | Intermodal

Averitt Express is expanding its flatbed operation that it launched earlier this year.

For several months Averitt has been offering flatbed services in key markets, such as Birmingham, Ala.; Atlanta, Ga.; Cincinnati, Ohio; Louisville, Ky.; an Read More »

Rio wins fight over iron ore rail, BHP may appeal

AJOT | June 30, 2010 | Intermodal

Miner Rio Tinto won a long struggle to restrict rivals from using its main railway to haul lucrative Australian iron ore, but BHP Billiton may appeal after it was ordered to open up its own line. Read More »

CP sees all of flood-hit rail track opened

AJOT | June 30, 2010 | Intermodal

Canadian Pacific Railway Ltd reopens the last section of its transcontinental line in southeastern Alberta, which was shut down by flooding 2 weeks ago, a company spokesman said. Read More »

Southeastern Freight Lines is recognized by Hastings

AJOT | June 30, 2010 | Intermodal

Southeastern Freight Lines, a leading provider of less-than-truckload (LTL) transportation services, was recently honored by Hastings Entertainment Inc. as their Distribution Center Vendor Partner of the Year. Read More »

ITI’s Carmichael says North American intermodal transportation network required for 21st century

AJOT | June 30, 2010 | Intermodal

In an address to more than 200 members of the Railway Industrial Clearance Association, Gil Carmichael, Founding Chairman of the Board of Directors of the Intermodal Transportation Institute at the University of Denver and a former Federal Railroad Admini Read More »

Southeastern Freight Lines expands in Savannah

AJOT | June 27, 2010 | Intermodal

Southeastern Freight Lines, the leading provider of regional less-than-truckload (LTL) transportation services, announces an expansion of its Savannah Service Center.

The addition of 20 freight doors, boosting the total to 58, improves Southe Read More »

IICL extends alternative flooring project for second year

AJOT | June 27, 2010 | Intermodal

IICL President Steven R. Blust announced that The Institute of International Container Lessors (IICL) has extended its alternative flooring project for a second year. A 400 container trial fleet was recently built for the purpose of evaluating two unique Read More »