FTR’s trucking conditions index remains in modestly positive territory

AJOT | August 03, 2011 | Intermodal

FTR's June Trucking Conditions Index, as reported in the August Trucking Update, rose slightly to a reading of 7.7 from 7.3 in May. The reading is expected to remain in modestly positive territory until Q4 when it likely will resume climbing fueled by a c Read More »

Averitt rolls out enhanced online rate quoting where shippers can see guaranteed delivery…

AJOT | August 03, 2011 | Intermodal

Shippers seeking rate quotes from http://www.averittexpress.com now have instant access to guaranteed delivery rates in addition to standard delivery quotes. Averitt introduced the new service in order to address shippers' needs for expedited delivery. Read More »

British police step up nationwide war on metals theft

AJOT | August 03, 2011 | Intermodal

British police raided scrap yards in a nationwide campaign on Friday after steeply climbing prices of metals like copper led to a 26 percent rise in thefts this year, causing huge economic losses from halted trains and power blackouts.

Authorities are Read More »

Genesee & Wyoming Q2 beats expectations

AJOT | August 03, 2011 | Intermodal

Genesee & Wyoming Inc., which owns and operates short line and regional railroads, reported better-than-expected quarterly earnings, helped by a 70 percent rise in freight revenue.

The Greenwich, Connecticut-based company also said it agreed to buy t Read More »

Heartland Express earns FedEx Express Carrier of the Year for 2011

AJOT | August 03, 2011 | Intermodal

Heartland Express, Inc. of Iowa announced it has received two service awards from FedEx Express for fiscal year 2011 (period June 1, 2010 through May 31, 2011). Heartland is the recipient of both the FedEx "Core Carrier of the Year" award and the "Gold Aw Read More »

RWI Transportation promotes Adams to Senior Director of Operations

AJOT | August 03, 2011 | Intermodal

RWI Transportation, an asset-based logistics company that provides regional and national truckload, LTL, expedited, and refrigerated warehousing services, announced that John Adams has been named senior director of operations. Read More »

Central Freight Lines receives top honor for fleet safety

AJOT | August 03, 2011 | Intermodal

Central Freight Lines (CFL), a leading less-than-truckload (LTL) for-hire common carrier, today announced it received the 1st Place Safety Award from the Texas Motor Transportation Association (TMTA). This significant safety award honors the carrier that Read More »

CN investing US$165 million to expand Kirk Yard and relocate locomotive repair shop to Gary, Ind.

AJOT | August 03, 2011 | Intermodal

CN announced plans for a US$165-million expansion of its Kirk Yard in Gary, Ind., and relocation of its Chicago area locomotive repair shop to the upgraded freight car classification facility in Northwest Indiana.

The project will increase Kirk Yard's Read More »

Package & courier buys to deliver growth at TransForce

AJOT | August 03, 2011 | Intermodal

TransForce Inc is eyeing more acquisitions in the high-margin package and courier space to drive growth, as the Canadian trucker continues to move away from its traditional business of small freight shipping.

The company, which posted a second-quarter Read More »

Partnership with Cline a key part of CN’s export coal growth strategy

AJOT | August 03, 2011 | Intermodal

As announced previously, CN reached a definitive agreement to sell substantially all of the assets of IC RailMarine Terminal Company, located on the east bank of the Mississippi River at Convent, La., to Raven Energy, LLC, an affiliate of Foresight Energy Read More »

Arkansas Best swings to Q2 profit

AJOT | August 03, 2011 | Intermodal

Arkansas Best Corp swung to a quarterly profit that beat market estimates on healthy tonnage levels and increased account pricing, snapping its losing streak of 10 consecutive quarters.

"However, the progress made so far does not produce sufficient re Read More »

Still no path to approve US trade bills

AJOT | August 03, 2011 | International Trade

The White House and Congress have failed to reach a deal to ease the passage of three long-delayed free trade agreements when lawmakers return from recess in September, a top U.S. senator said.

Senate Finance Committee Chairman Max Baucus, a Democrat, Read More »

US steel imports drop 10% in June reflects softening demand

AJOT | August 03, 2011 | International Trade

US imports declined 10 percent in June compared to May according to preliminary data released by the Department of Commerce. 'The decline in imports appears to reflect weakening demand in the US, as market conditions softened during the second quarter and Read More »

Joy Global buys more shares of China’s IMM

AJOT | August 03, 2011 | International Trade

U.S. mining equipment maker Joy Global Inc said on Friday it bought 10.5 percent of China's International Mining Machinery Holdings Ltd (IMM) for about $140 million in the open market.

Joy Global said the 136.5 million shares it bought adds to the 41 Read More »

US business urges big changes in WTO trade talks

AJOT | August 03, 2011 | International Trade

With U.S. economic growth nearly stalled and unemployment stuck above 9 percent, Caterpillar's man in Washington, Bill Lane, has been pitching what many think is a crazy idea: one more try to reach a big market-opening deal through the World Trade Organiz Read More »

Hactl announces July tonnage throughput

AJOT | August 03, 2011 | Air Cargo

Hong Kong Air Cargo Terminals Limited (Hactl) announced its tonnage throughput for July 2011. A total of 237,739 tonnes were handled in the month, representing a decrease of 7.7% year-on-year. Cumulative tonnage for the first seven months of the year was Read More »

Deutsche Post upbeat after strong Q2

AJOT | August 03, 2011 | Air Cargo

Deutsche Post DHL nudged up its 2011 outlook as it cut costs and garnered more customers seeking supply chain services.

As the economy improves, manufacturers of machine parts, cars and other goods ramp up production and pay Deutsche Post to transport Read More »

GMR Infra considering bid for Spain airports

AJOT | August 03, 2011 | Air Cargo

India's GMR Infrastructure is considering a bid to operate airports at Barcelona and Madrid, after the Spanish government authorised a stake sale in the two aerodromes, a company spokesman said. Read More »

Atlas Air cuts forecast, citing jet delays

AJOT | August 03, 2011 | Air Cargo

Cargo carrier Atlas Air Worldwide Holdings Inc said quarterly profit fell as it paid more for aircraft fuel, and the company cut its full-year forecast, citing delivery delays for Boeing freighter planes.

Net income came to $23.8 million, or 90 cents Read More »

Mexico airport company GAP riled over takeover bid

AJOT | August 03, 2011 | Air Cargo

Controlling shareholders at Mexican airport operator Grupo Aeroportuario del Pacifico (GAP) are fighting a takeover bid by copper mining company Grupo Mexico that is mired in a complicated court battle.

Grupo Mexico has steadily been buying shares of Read More »