Intermodal

Russia’s TransContainer eyes up to $481 mln from IPO

AJOT | October 27, 2010 | Intermodal

Russian Railways unit TransContainer is looking to raise up to $481 million from an initial public offering (IPO) of a nearly 35 percent stake as part of a big asset sale aimed at modernising the infrastructure giant.

The state rail monopoly Read More »

US proposes first fuel standards for trucks

AJOT | October 26, 2010 | Intermodal

The Obama administration proposed the first ever fuel efficiency and emissions standards for big tractor trailors and other commercial trucks that mainly run on diesel fuel.

The joint Transportation Department and Environmental Protection Age Read More »

Garner Transportation selects VeriWise(TM) Track & Trace to manage fleet of dry vans

AJOT | October 26, 2010 | Intermodal

Asset Intelligence, a leading provider of supply chain asset tracking solutions and a subsidiary of I.D. Systems, Inc. announced that its VeriWise(TM) Track & Trace system has been purchased by Garner Transportation Group, a leading truckload carrier in t Read More »

Kansas City Southern profit tops estimates

AJOT | October 26, 2010 | Intermodal

U.S. railroad Kansas City Southern reported a better-than-expected quarterly profit as freight volumes increased, sending its shares up nearly 5 percent.

The profit beat came despite a curb on revenue due to track damage caused by Hurricane A Read More »

Union Pacific hiring, buying on outlook

AJOT | October 24, 2010 | Intermodal

Union Pacific Corp, the No. 1 U.S. railroad, is hiring, buying locomotives and shopping for properties around the United States, spurred by signs of an economic recovery, the railroad's top executive said.

"My expectations are it will be a po Read More »

DB Schenker award goes to Dr. Petrick

AJOT | October 24, 2010 | Intermodal

The DB Schenker Award 2009, which carries a cash prize of EUR 10,000, goes to Dr. Anita Petrick from the Darmstadt University of Technology . The young female scientist beat competition from all over Europe with her dissertation entitled 'Multimodal produ Read More »

Werner Enterprises Q3 profit beats Wall Street view

AJOT | October 24, 2010 | Intermodal

Trucking and logistics company Werner Enterprises Inc posted a better-than-expected quarterly profit, helped by a stronger freight market. Read More »

Hermes Transport Logistics and Europipe opt for carbon-free rail freight transport

AJOT | October 24, 2010 | Intermodal

Hermes Transport Logistics and the industrial corporation Europipe are new customers for Eco Plus, the carbon-free option from DB Schenker Rail in which the traction current required for the transport is obtained from renewable energy sources in Germany. Read More »

Ryder posts 62% higher profit, raises forecast

AJOT | October 24, 2010 | Intermodal

Trucking and logistics company Ryder System Inc reported a 62 percent percent rise in profit on stronger demand for commercial truck rentals and used vehicles and raised its profit forecast for the year. Read More »

Old Dominion expands Pacific Promise Guaranteed Service from China

AJOT | October 24, 2010 | Intermodal

OD-Global, a division of Old Dominion Freight Line Inc., has expanded its Pacific Promise service to include seven additional ports in China.

Initially offered from Hong Kong, Shanghai and Shenzhen/Yantian starting in April 2009, Pacific Prom Read More »

Cambodian rail line opened to help regional trade

AJOT | October 24, 2010 | Intermodal

Cambodia has reopened a stretch of railway destroyed during the country's war and officials described it as a step towards boosting regional trade through rail links with neighbours. Read More »

YRC Worldwide’s improving outlook

AJOT | October 24, 2010 | Intermodal

U.S. trucker YRC Worldwide said it expects to report a financial position for the third quarter that will more than satisfy requirements of a key credit agreement with lenders.

YRC, which has been struggling to stay out of bankruptcy, said da Read More »

DB Schenker integrates logistics center in Czech Republic into complex solution for ESAB

AJOT | October 24, 2010 | Intermodal

The first train carrying material for its customer ESAB arrived on October 20 at DB Schenker's new logistics center in Pardubice in the Czech Republic. ESAB is one of the world's largest suppliers of welding equipment, consumables and accessories. From no Read More »

CSX CEO sees no new rail mergers, buyouts

AJOT | October 14, 2010 | Intermodal

The head of CSX Corp said he does not expect any new mergers or buyouts in the North American railroad sector, saying the prices involved -- and the regulatory obstacles that need to be cleared -- are just too high.

In an interview with Reute Read More »

CN signs VMA with Sauk Village, Ill.

AJOT | October 14, 2010 | Intermodal

CN announced it has reached a voluntary mitigation agreement (VMA) with the Village of Sauk Village, Ill., located approximately 30 miles south of Chicago, addressing the municipality's environmental and safety concerns with CN's acquisition of the Elgin, Read More »

CSX profit tops street view

AJOT | October 14, 2010 | Intermodal

CSX Corp reported a stronger-than-expected quarterly profit, citing rising freight volumes in nearly all its markets.

The railroad, one of the largest in the United States, reported a third-quarter profit of $414 million, or $1.08 a share, up Read More »

Russian government approves TransContainer IPO

AJOT | October 12, 2010 | Intermodal

The Russian government has approved the long-awaited initial public offering of an almost 35 percent stake in freight operator TransContainer, clearing the way for the state rail monopoly to raise upto $525 million. The shares will be sold "at a price no Read More »

Rising trucking costs to add to U.S. retailer woes

AJOT | October 12, 2010 | Intermodal

U.S. retailers, already feeling pressure from rising raw material costs and higher wages in China and elsewhere, face the added threat of growing land transportation costs as they move toward 2011.

Truckload rates are expected to rise by 10 p Read More »

Russian rail seeks Freight One investor

AJOT | October 12, 2010 | Intermodal

Russian Railways is looking to sell a controlling stake in its Freight One unit to a strategic investor, a senior official from the state rail monopoly was quoted as saying.

Russian Railways had previously talked about an IPO of Freight One b Read More »

Key figure of U.S. chemical demand rises

AJOT | October 12, 2010 | Intermodal

Chemical shipments on U.S. railroads rose 6.7 percent last week, the Association of American Railroads said.

Chemicals shipments on trains, called rail car loadings, are a measure of demand for products ranging from plastics to fertilizers. Read More »