Intermodal

Trucking executive elected Vice Chairman of U.S. Chamber

AJOT | June 13, 2010 | Intermodal

The U.S. Chamber of Commerce named John Ruan III as its vice chairman for 2010 in a June 9 election by the board. Ruan is chairman and CEO Ruan Transport Corporation in Des Moines, Iowa. Read More »

QR National IPO on track for Q4, interest high

AJOT | June 13, 2010 | Intermodal

Interest in the privatisation of QR National, Australia's biggest rail freight business, has exceeded expectations and the sale remains on track for the fourth quarter, Queensland Rail's chief executive said. Queensland state plans an initial public offer Read More »

Wall Street betting on recovery in trucking

AJOT | June 13, 2010 | Intermodal

Stocks of trucking companies may have taken a beating in recent weeks, but that's no reason to exit a sector that has been seeing strong signs of recovery.

The weakness provides a great opportunity for investors to enter the sector or add to Read More »

IANA launches DVIR processing system

AJOT | June 09, 2010 | Intermodal

The Intermodal Association of North America (IANA) announced that it has launched the IANA Driver Vehicle Inspection Report (DVIR) Processing System. The system assists motor carriers, intermodal equipment providers (IEPs), facility operators, and mainten Read More »

IAS’ DispatchManager improves drayage operations and invoicing

AJOT | June 09, 2010 | Intermodal

International Asset Systems (IAS), the global leader in services and technology for asset management within the transport industry, has announced that DispatchManager, its widely deployed drayage management service, is now fully integration-enabled to sup Read More »

CP Rail aims to boost operating efficiencies

AJOT | June 09, 2010 | Intermodal

Canadian Pacific Railway can become more efficient with operating changes that do not require significant capital spending, the carrier's new chief operating officer said.

The railway has begun pilot projects at its Winnipeg, Manitoba, termin Read More »

Swedish apartment blocks are produced with

AJOT | June 09, 2010 | Intermodal

From now until spring 2011, DB Schenker will transport approx. 12,500 tons of prefabricated concrete walls from Neubrandenburg to Sweden for the construction of apartment blocks, arriving just in time. On June 8, the experts at the Central Rail Logistics Read More »

South Africa’s Transnet seeks bidders for railway lines

AJOT | June 09, 2010 | Intermodal

South Africa's logistics group Transnet is looking for private bidders to operate 7,300 km of its railway lines, the company said in a newspaper advertisement. Read More »

Genesee & Wyoming to buy Australia’s FreightLink for A$334 million

AJOT | June 09, 2010 | Intermodal

U.S. railroad operator Genesee & Wyoming Inc agreed to buy Australia's FreightLink for A$334 million (about $277.2 million) to expand its operations in the mineral-rich country. Read More »

Caterpillar to buy maker of railroad locomotives

AJOT | June 06, 2010 | Intermodal

Caterpillar Inc agreed to buy a U.S. maker of railroad locomotives for $820 million in cash, expanding its rail business from service into new engine manufacturing. Read More »

ATA Truck tonnage index increased 0.9% in April

AJOT | June 06, 2010 | Intermodal

The American Trucking Associations' advance seasonally adjusted (SA) For-Hire Truck Tonnage Index increased for the sixth time in the last seven months, gaining another 0.9 percent in April. This followed a 0.4 percent increase in March. The latest impr Read More »

BMO starts CN Rail, CP Rail with market perform rating

AJOT | June 06, 2010 | Intermodal

BMO Capital Markets started coverage of Canadian National Railway Co and Canadian Pacific Railway Ltd with "market perform" rating, and said the companies' margin growth opportunities remain high.

CN Rail, Canada's biggest railway, would bene Read More »

Container futures to be cleared in weeks

AJOT | June 06, 2010 | Intermodal

The first cleared container freight derivatives contract is set to be traded in the coming weeks in a major development for the nascent market, a broker with shipping services group Clarksons said.

Freight derivatives allow a buyer to take a Read More »

Florida East Coast Railway announces Hertwig joins as CEO

AJOT | June 06, 2010 | Intermodal

Florida East Coast Railway has announced that James Hertwig will become President and CEO of the Company effective July 1, 2010. Read More »

Russia steel baron eyes First Freight stake

AJOT | June 06, 2010 | Intermodal

Vladimr Lisin, the owner and chairman of Novolipetsk Steel , wants to buy a strategic stake in First Freight Co, Russia's second-largest rail freight operator, two sources told Reuters.

Lisin, ranked Russia's richest man by Forbes magazine, i Read More »

Trucker YRC sees May gains; stock split upcoming

AJOT | June 06, 2010 | Intermodal

Troubled trucking company YRC Worldwide is on the road to recovery, according to its Chairman Bill Zollars, who said operations improved in May and were expected to gain more ground in the coming months.

After a brush with bankruptcy last yea Read More »

Russia Globaltrans eyes 2nd freight company stake

AJOT | May 27, 2010 | Intermodal

Globaltrans is interested in buying a stake in the soon-to-be-formed Russian Second Freight Company and may invest 25 billion roubles ($808.8 million), a source familiar with the firm's plans told Reuters. Read More »

W’rtsil’ enters rail market through joint venture with Transmashholding in Russia

AJOT | May 27, 2010 | Intermodal

W'rtsil' has signed a joint venture agreement with the Russian company Transmashholding (TMH) to manufacture modern and multipurpose diesel engines in Russia. The engines, including a new and technically advanced version of the W'rtsil' 20 -engine, will b Read More »

DB Schenker Rail Bulgaria receives traction license and begins independent railroad operations

AJOT | May 27, 2010 | Intermodal

DB Schenker Rail Bulgaria EOOD, founded at the start of this year, celebrated its grand opening in Pirdop, Bulgaria. By expanding its network, DB Schenker Rail now has its own national company in the growing Southeast Europe region. The company also recei Read More »

AeroFlex’ fairings from Carrier Transicold improve trailer efficiency

AJOT | May 27, 2010 | Intermodal

AeroFlex' fairings, which have demonstrated up to a 7.5 percent improved fuel economy for tractor-trailer rigs, are now available from Carrier Transicold's North American dealer network. Carrier Transicold is a part of Carrier Corp., a business unit of Un Read More »