Pacer Q3 results lag Wall Street

AJOT | November 07, 2010 | Intermodal

Third-party logistics provider Pacer International posted lower-than-expected quarterly results as its intermodal volumes were hurt by effects of Hurricane Alex in Mexico.

For the third quarter, the company reported earnings of $1.1 million, 3 cents a Read More »

McKinnon Scholarship established by Norfolk Southern Corp.

AJOT | November 07, 2010 | Intermodal

Norfolk Southern Corporation recently hosted a luncheon to announce the establishment of the Arnold B. McKinnon Scholarship at the University of Denver. The McKinnon Scholarship will support graduate education in intermodal transportation management at th Read More »

Domestic intermodal volume hits new record level during Q3 2010

AJOT | November 07, 2010 | Intermodal

Intermodal volume increased 20.3% year-over-year in Q3 2010, as international led the way with a remarkable 28.1% upsurge according to a report released Nov. 4 by the Intermodal Association of North America (IANA). IANA's Intermodal Market Trends & Stati Read More »

BirdDog acquires Foley Services to complement its transportation factoring business

AJOT | November 07, 2010 | Intermodal

BirdDog, a transportation services company focused on providing solutions to both shippers and motor carriers, announced it has acquired Glastonbury, CT-based Foley Services, Inc., a nationwide provider of Department of Transportation (DOT) regulatory com Read More »

Garbage may be growth driver for Canada’s truckers

AJOT | November 07, 2010 | Intermodal

Canadian truckers are moving into less traditional areas such as collecting garbage and delivering parcels after the recession exposed their reliance on core trucking businesses like cargo and small freight shipping.

Mid-tier truckers TransForce Inc, Read More »

Arkansas Best Q3 loss narrower-than-expected

AJOT | November 07, 2010 | Intermodal

U.S. trucking company Arkansas Best Corp posted a narrower-than-expected third-quarter loss, partly helped by an improvement in daily tonnage levels at its largest unit, ABF Freight System.

"Continuing improvements in ABF's year-over-year and sequenti Read More »

Contrans Q3 misses market on higher expenses

AJOT | November 07, 2010 | Intermodal

Canadian cross-border trucker Contrans Inc's quarterly profit trailed estimates, hurt by higher operating expenses, accident costs and revenue decline from delayed projects, but said it expects its waste management acquisitions to augment revenue going fo Read More »

Con-way misses estimates, but sees improvement

AJOT | November 07, 2010 | Intermodal

U.S. trucking and logistics company Con-way Inc reported third-quarter profit and revenue below forecasts, but shares rose as it said it has seen improvement heading into the fourth quarter.

Chief Executive Douglas Stotlar said costs for corporate off Read More »

ABF drivers named America’s Road Team Finalists

AJOT | November 07, 2010 | Intermodal

ABF Freight System, Inc.',drivers are among the 33 professional truck drivers named as finalists to become Captains on the 2011-2012 America's Road Team, selected by the American Trucking Associations (ATA). Named finalists were ABF drivers David Boyer of Read More »

Genesee & Wyoming Q3 profit beats on higher freight revenue

AJOT | November 07, 2010 | Intermodal

Genesee & Wyoming Inc , which owns and operates short-line and regional railroads, posted better-than-expected quarterly earnings, helped by a rise in freight revenue, and said it expects to complete its acquisition of Australia's FreightLink in November. Read More »

Impact of TPP free trade pact on Japan farm sector

AJOT | November 07, 2010 | International Trade

Japan is weighing benefits and drawbacks from joining a proposed Trans-Pacific Partnership (TPP) free trade agreement, launched earlier this year by the United States with seven other countries.

Economics minister Banri Kaieda supports the trade initi Read More »

US chicken shipments to Russia face new threat

AJOT | November 07, 2010 | International Trade

U.S. chicken companies, which in September resumed shipping to Russia, are facing a new interruption in business as a Russian official said that beginning Jan. 1 that country will stop buying frozen chicken.

The head of Russia's consumer protection wa Read More »

China and Germany belittle US actions

AJOT | November 07, 2010 | International Trade

China rebuffed a U.S. plan to set limits for trade imbalances and Germany dubbed the Fed's money-printing policy "clueless", setting the stage for what could be a fractious G20 summit.

Washington believes an undervalued yuan is a major cause of econom Read More »

South Korea FTA top priority for meat industry

AJOT | November 07, 2010 | International Trade

The U.S. meat industry hopes a free-trade agreement with South Korea can be worked out when the leaders of the two countries meet next week because such a deal could boost meat exports, the U.S. Meat Export Federation said.

In a wide-ranging discussio Read More »

G20 warned of protectionism, currency tension

AJOT | November 07, 2010 | International Trade

The global economy is threatened by "dark clouds" of intensifying protectionist pressures, the heads of three international organisations said in a warning to leaders of the G20.

These pressures are driven by high unemployment, macroeconomic imbalance Read More »

Etihad air bans cargo from Yemen, Somalia

AJOT | November 07, 2010 | Air Cargo

Abu Dhabi's Etihad Airways has stopped cargo shipments from Yemen and Somalia, a spokesman said, as security measures are increased after two U.S.-bound parcel bombs from Yemen were intercepted in Britain and Dubai.

The change, announced on Thursday, Read More »

EU urges proportional approach to aviation security

AJOT | November 07, 2010 | Air Cargo

The European Union is looking to tighten aviation security after U.S.-bound bombs were found in air cargo, but should avoid counter-productive panic steps that strangle business, its transport commissioner said.

As EU experts met to discuss the issue, Read More »

Germany wants EU to act on air freight bombs

AJOT | November 07, 2010 | Air Cargo

Germany wants the European Union to introduce new security measures against militant attacks via air freight to help improve a patchwork of different rules around the world, officials said.

A German government source said EU interior ministers would d Read More »

IATA head confirms 2010 airline industry outlook

AJOT | November 07, 2010 | Air Cargo

Airlines body IATA does not expect airline industry profits to suffer a setback after two U.S.-bound bombs sent were intercepted in air cargo, IATA's head said.

"We are still forecasting a positive result of $8.9 billion this year," Giovanni Bisignani Read More »

Security alone not enough to foil parcel bombers

AJOT | November 07, 2010 | Air Cargo

Security measures alone may never be able to stop well concealed bombs being sent via air mail without prohibitive inconvenience and cost, leaving old-fashioned police work and intelligence essential.

Two sets of parcel bombs in the past week -- addre Read More »