Cargill, Agrex agree to Indiana grain terminal

AJOT | August 03, 2011 | Transport Intermediaries

U.S. agribusiness giant Cargill Inc and Agrex, a wholly owned subsidiary of Japan's largest trading company Mitsubishi Corp, announced a joint venture to expand an Indiana grain elevator at a cost to exceed $20 million.

The venture will triple the unl Read More »

Prologis profit beats Street, sees more savings

AJOT | August 03, 2011 | Transport Intermediaries

Prologis Inc, one of the world's largest owners of warehouse and distribution centers, posted better-than-expected results for the second quarter and said rents and occupancy trends were improving.

It also raised its forecast for cost savings from its Read More »

New General Director for DHL Supply Chain Argentina

AJOT | August 03, 2011 | Transport Intermediaries

DHL Supply Chain, a global leader in logistics and sister company to Exel, announced the appointment of Agust'n Croche to general director of DHL Supply Chain Argentina. Croche joined the DHL group in 1997. Since then, he has held positions of increasing Read More »

CRST International acquires Specialized Transportation

AJOT | August 03, 2011 | Transport Intermediaries

CRST International, Inc. has announced the acquisition of Specialized Transportation, Inc. (STI), a leading provider of customized supply chain solutions for products that require high touch support, special handling and equipment, and value added on-site Read More »

Vault Logistics, new 3PL provider, launched by Old Dominion

AJOT | August 03, 2011 | Transport Intermediaries

Old Dominion Freight Line Inc. is expanding its service offerings with the introduction of Vault Logistics, a neutral third-party provider of supply chain solutions.

Vault Logistics unites several existing business units within Old Dominion into an in Read More »

Toll refinances S$1 blllion debt, buys small German firm

AJOT | August 03, 2011 | Transport Intermediaries

Australian logistics firm Toll Holding has refinanced S$1 billion ($831 million) worth of debt to complete its refinancing program started last year with the U.S. private placement of $275 million.

The company added it purchased German ocean forwarder Read More »

CSX investing $15 million for new intermodal terminal in Louisville

AJOT | August 03, 2011 | Intermodal

CSX has announced that a privately-funded $15 million, 34-acre intermodal terminal will be constructed in Louisville, Kentucky. The terminal, which is slated to begin operations in early 2012, will provide efficient, economical and environmentally-friendl Read More »

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 »