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CN targets C$1.7 billion in 2011 capital investments

AJOT | February 13, 2011 | Intermodal

CN announced plans to invest C$1.7 billion in 2011 to maintain a safe and fluid railway network, to grow the business efficiently and to continue to provide customers with a high level of service.

Claude Mongeau, president and chief executive officer, Read More »

Colombia truckers strike has mixed effects on prices

AJOT | February 13, 2011 | Intermodal

Colombia's truckers strike is producing mixed effects on food prices, a key ingredient of inflation, as some independent truckers fear reprisals if they don't participate in the walkout.

Around 100,000 of the 120,000 members of a truckers association Read More »

Genesee & Wyoming Q4 rises on strong freight revenue

AJOT | February 13, 2011 | Intermodal

Genesee & Wyoming Inc , which owns and operates short-line and regional railroads, reported higher quarterly profit, helped by a rise in freight revenue.

Genesee & Wyoming said it expects its Australian business to benefit in 2011 on additional shipme Read More »

Overall intermodal volume ends 2010 up 14.7% year-over-year

AJOT | February 13, 2011 | Intermodal

International volume surged 16.9% in Q4 2010, helping to push overall intermodal volume up 14.7% for the year, according to a report released today by the Intermodal Association of North America (IANA). IANA's Intermodal Market Trends & Statistics Report Read More »

India’s railways puff slowly to private sector reform

AJOT | February 13, 2011 | Intermodal

Tentative reforms and some eye-catching projects could herald a private sector-driven shake-up of India's creaking railways, but deeper change is needed to tackle the supply bottlenecks that still crimp growth.

Once seen as a shining legacy of the Bri Read More »

Norfolk Southern to provide rail-switching services for Port of Indiana

AJOT | February 13, 2011 | Intermodal

For the first time since the Port of Indiana-Burns Harbor opened in 1970, the Lake Michigan port will have an onsite, dedicated rail-switching service. Norfolk Southern has been selected to begin providing switching services for customers of Indiana's old Read More »

Several US oil terminals plan to move crude by rail

AJOT | February 13, 2011 | Intermodal

Up to a dozen railroad terminals to load, unload and store oil are sprouting up around the United States as oil shippers turn to railroads to deliver barrels into markets where crude is priced higher.

Growing Canadian and North Dakota oil supplies are Read More »

Southeastern Freight Lines opens new service center in Charlotte, NC

AJOT | February 13, 2011 | Intermodal

Southeastern Freight Lines, a leader in regional less-than-truckload (LTL) transportation services, announces the opening of a second service center in Charlotte, N.C. in response to growing business in the region.

The new facility, located on a 30-ac Read More »

Vitran posts wider Q4 loss

AJOT | February 13, 2011 | Intermodal

North American transportation company Vitran Corp posted a wider fourth-quarter loss, hurt by higher-than-expected insurance-related expenses and increased operating costs.

Vitran, which has operations across Canada and the United States, posted a los Read More »

YRC provides new service options with mobile tools

AJOT | February 13, 2011 | Intermodal

YRC, the largest subsidiary of YRC Worldwide Inc., announced new mobile tools that allow YRC customers to track shipments, read the latest YRC news and access customer service. YRC is providing free iPhone and Android apps, along with a mobile website for Read More »

YRC reports improved 4th quarter

AJOT | February 13, 2011 | Intermodal

YRC Worldwide, the top U.S. trucker, said it saw improved operating results in the fourth quarter and reported more revenue than expected, as officials said the company was seeing volume growth and increased stability.

A year after it narrowly averted Read More »

BMW sees record sales on China boom

AJOT | February 13, 2011 | International Trade

BMW AG expects double-digit growth in China to help fuel record sales this year, the German automaker's chief financial officer said.

The world's largest luxury car maker also sees a recovery in the U.S. market, where it is prepared to invest more mon Read More »

Brazil beef exports to rise 25% in 2011

AJOT | February 13, 2011 | International Trade

Higher prices for beef and a recovery in the size of Brazil's herd should push up unprocessed exports in 2011 by 25 percent to 2 million tonnes, the national farming confederation, CNA, said.

Antenor Nogueira, president of a CNA forum for beef, said B Read More »

Brazil slows China imports with inspections

AJOT | February 13, 2011 | International Trade

Brazil may intensify quality inspections of imported products in an effort to stem a flood of Chinese goods that local industries say are weakening them, the O Globo newspaper reported.

The government could create a quality "seal" that would help filt Read More »

British PM calls for Europe to deregulate, push free trade

AJOT | February 13, 2011 | International Trade

British Prime Minister David Cameron called for Europe to launch a major drive to deregulate business, innovate and sign free trade pacts with Asia, the Middle East and Latin America.

"Europe has got to earn its way," Cameron told delegates in an addr Read More »

Canada seeks WTO review of EU ban on seal products

AJOT | February 13, 2011 | International Trade

Canada will ask the World Trade Organization to set up a formal dispute resolution panel to address the European Union's ban on trade in seal products, Fisheries Minister Gail Shea said.

The European Union closed its borders to seal products last year Read More »

Canada, US border deal seen far from certain

AJOT | February 13, 2011 | International Trade

Swift action is needed to put meat on the bones of a framework border-security agreement announced by U.S. President Barack Obama and Canadian Prime Minister Stephen Harper, Canadian business analysts said.

But whether a final agreement on a "perimete Read More »

China sees US. stoking Brazil, India anger over yuan

AJOT | February 13, 2011 | International Trade

The United States has incited Brazil and India to criticise China's currency policy, but Beijing need not worry too much because it can defuse the tension through talks, a series of Chinese government advisers told Reuters.

Independent analysts warned Read More »

US lawmakers try again for China yuan bill

AJOT | February 13, 2011 | International Trade

A bipartisan group of 101 U.S. lawmakers in the House of Representatives launched a new bid to pass legislation aimed at pressuring China to let its yuan currency rise in value.

The same proposals cleared the House last year but died in the Senate. If Read More »

Ethiopia aims to join WTO without opening up sectors

AJOT | February 13, 2011 | International Trade

Ethiopia said it expected to gain entry to the World Trade Organisation soon without giving way to foreign demands that it open up its banking and telecoms sectors.

Analysts say the Horn of Africa country's hopes for WTO membership hinge on calls for Read More »

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