Intermodal

Old Dominion Safety Compliance Director honored as North Carolina’s ‘Safety Director of the Year’

AJOT | July 29, 2010 | Intermodal

Sam Faucette, director of safety compliance, training and recruiting for Old Dominion Freight Line Inc., was awarded the North Carolina Trucking Association's 'Safety Director of the Year' Award for 2010.
The announcement was made July 24 during th Read More »

RailAmerica posts Q2 loss

AJOT | July 29, 2010 | Intermodal

Short-line railroad operator RailAmerica Inc reported a quarterly loss, hurt by higher expenses.
The company posted a net loss of $4.2 million, or 8 cents a share, compared with net income of $18.2 million, or 42 cents a share, a year ago. Read More »

Direct ChassisLink to expand operations in Southeast and Gulf inland locations

AJOT | July 29, 2010 | Intermodal

Direct ChassisLink (DCLI) will expand its chassis program to the Southeast and Gulf inland regions effective September 7, 2010. Locations will include Dallas, Fort Worth, El Paso, Hidalgo, Laredo, San Antonio, Atlanta, Dalton, Charlotte, Memphis, Nashvil Read More »

ATA truck tonnage index fell 1.4% in June

AJOT | July 27, 2010 | Intermodal

The American Trucking Associations' advance seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 1.4 percent in June, although May's reduction was revised from 0.6 percent to just 0.1 percent. May and June marked the first back-to-back contrac Read More »

CN and UTU reach tentative hourly-rate labor agreement on DM&IR territory

AJOT | July 27, 2010 | Intermodal

CN announced that it has reached a tentative labor agreement with the United Transportation Union (UTU) for UTU-represented employees working on the Duluth, Missabe and Iron Range Railway Company (DM&IR). CN purchased the DM&IR as part of its May 2004 acq Read More »

Kansas City Southern profit tops Wall Street view

AJOT | July 27, 2010 | Intermodal

Kansas City Southern posted profit that easily topped Wall Street's expectations on Tuesday, as the U.S. railroad benefited from surging demand to haul autos, agricultural commodities and other goods.

The company reported profit available to Read More »

UPS, Union Pacific beat Street

AJOT | July 27, 2010 | Intermodal

Shipper United Parcel Service Inc and railroad Union Pacific Corp topped Wall Street's expectations when they reported quarterly results as both captured increases in domestic shipping volume.

The numbers posted by the world's largest package Read More »

CN reports bigger profit, revises 2010 forecast

AJOT | July 25, 2010 | Intermodal

Canadian National Railway reported a 38 percent jump in quarterly profit and raised its full-year forecast based on its strong results over the last six months and expectation that the economy will continue to recover.

CN, Canada's biggest ra Read More »

India may miss key infrastructure targets

AJOT | July 25, 2010 | Intermodal

Bureaucratic hurdles may cause India's government to miss 2012 investment targets in key sectors such as roads, railways and ports, potentially crimping economic growth, an adviser to the planning commission said.

Slow progress to overhaul In Read More »

Arkansas Best cautious on recovery

AJOT | July 25, 2010 | Intermodal

U.S. trucking company Arkansas Best Corp posted a narrower-than-expected quarterly loss, but said it remains cautious on the economic recovery in the second half of the year.

"Economic recovery appears to be tenuous and there's uncertainty ab Read More »

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 »