Weather woes weigh on Canadian Pacific results

AJOT | April 24, 2011 | Intermodal

Harsh winter weather that helped knock down Canadian Pacific Railway's first-quarter profit by 67 percent will not set back long-term efforts to improve efficiency, the company said.

This winter, avalanches buried its mainline in British Columbia and Read More »

CSX sees volume, pricing beating key economic measures

AJOT | April 24, 2011 | Intermodal

CSX Corp sees increases in shipment volume at its railroad outpacing gross domestic product and industrial product gains this year as consumer demand and its intermodal business grow.

The company, which reported record first-quarter results after the Read More »

Perma-Fix announces vompletion of rail line connecting DOE Hanford site and Perma-Fix Northwest Rich

AJOT | April 24, 2011 | Intermodal

Perma-Fix Environmental Services, Inc. announced it has completed the new rail line connecting the Department of Energy's (DOE) Hanford Site and the Perma-Fix Northwest Richland (PFNW) facility in Richland, Washington. Read More »

Hub Group Q1 profit beats market view

AJOT | April 24, 2011 | Intermodal

Hub Group Inc posted a better-than-expected quarterly profit, driven by strong growth at its intermodal segment, and forecast 2011 revenue above market expectations.

Hub Group said 2011 revenue will exceed $2.5 billion helped by its recent acquisition Read More »

Russian Railways eyes $4.5 blllion from units sale

AJOT | April 24, 2011 | Intermodal

Russia's state railway operator Russian Railways has approved the sale of stakes in its Freight One and Transcontainer units, eyeing proceeds of some $4.5 billion, chairman Alexander Zhukov told reporters.

Zhukov said Russian Railways wants to raise a Read More »

Flood forces CN, CP to close Manitoba rail lines

AJOT | April 24, 2011 | Intermodal

Flooding caused by the Red River's steady rise has forced Canadian Pacific to reroute trains on one Manitoba branch line and to close another, while Canadian National Railway has closed a secondary line.

The Manitoba government was building dikes acro Read More »

Road Systems honored with 2010 Plant Safety Award from Truck Trailer Manufacturers Association

AJOT | April 24, 2011 | Intermodal

Road Systems, Inc. (RSI), a trailer manufacturer and subsidiary of Con-way Inc. announced that it has been honored by the Truck Trailer Manufacturers Association (TTMA) with its 2010 Plant Safety Award. This is the second time that RSI has received this h Read More »

ABF earns second consecutive National LTL Carrier of the Year Award

AJOT | April 24, 2011 | Intermodal

For the second consecutive year, ABF' has been named National LTL Carrier of the Year by the National Shippers Strategic Transportation Council (NASSTRAC). The company was recognized during the NASSTRAC Conference and Expo in Orlando, Florida, April 17-20 Read More »

New research links truck crash involvement to driver history

AJOT | April 24, 2011 | Intermodal

In a study, the American Transportation Research Institute (ATRI) reveals that truck drivers with certain driving records (i.e. prior crashes, violations and convictions) are more susceptible to being involved in a future truck crash than their peers with Read More »

Kansas City Southern profits up

AJOT | April 24, 2011 | Intermodal

U.S. railroad Kansas City Southern reported first-quarter profits that were slightly higher than expected, with increased revenues driven by its automotive and intermodal business.

Those two sectors are the company's biggest growth engines, it said on Read More »

Union Pacific misses EPS estimate

AJOT | April 24, 2011 | Intermodal

Union Pacific Corp reported higher quarterly profits and revenue on increased volumes in all commodities it ships, but missed earnings forecasts.

Volume should keep expanding with the economy, producing record profits this year, and fuel surcharges wi Read More »

Special interests challenge RailAmerica safety plan

AJOT | April 24, 2011 | Intermodal

A special-interest group consisting of the American Chemistry Council; the Chlorine Institute, Inc.; The Fertilizer Institute; and PPG Industries, Inc., filed a complaint before the federal Surface Transportation Board (STB) seeking to halt implementation Read More »

US, China copyright trade spat heads for next stage

AJOT | April 24, 2011 | International Trade

China and the United States started the clock on a new stage of their trade dispute over films, books and music, a signal Washington will go ahead with a threat to seek retaliation rights.

The battle, one of a series between the world's two top tradin Read More »

Brazil says more meat plants to export to China

AJOT | April 24, 2011 | International Trade

China has significantly expanded the number of Brazilian beef and poultry firms that can export to it, Brazil's farm minister Wagner Rossi said, on his return from trade talks in the Asian nation.

China added a further 25 firms to its list of approved Read More »

Antigua says US. online poker shutdown was illegal

AJOT | April 24, 2011 | International Trade

The United States violated global trade law by shutting down Internet gambling sites based in Antigua and elsewhere and prosecuting their owners, according to Antigua and Barbuda officials considering action in the World Trade Organization.

Antigua an Read More »

China does not need to revalue yuan

AJOT | April 24, 2011 | International Trade

China does not need to revalue the yuan again, an academic affiliated with the People's Bank of China said, arguing instead for the country to focus on reforming its currency regime to make it more market-oriented.

Wang Yong, a professor with the Peop Read More »

Etihad Air revenue up 21.2%, cautious about future

AJOT | April 24, 2011 | Air Cargo

Abu Dhabi's Etihad Airways said its revenue grew by 21.2 percent to $770 million but that the proportion of customers taking up seats dipped due to regional unrest in the region and the earthquake in Japan.

Etihad's seat factor fell slightly to 72.7 p Read More »

Kenya seeks to boost trade with IT project

AJOT | April 24, 2011 | Air Cargo

Kenya aims to half the time it takes to process goods through customs at ports with investment in a $6 million "single window" system where companies will lodge documentation, a government official said.

Trade contributes $16 billion to the Kenyan eco Read More »

Obama administration backs FAA despite uproar

AJOT | April 24, 2011 | Air Cargo

The Obama administration has full confidence in the top U.S. aviation safety official and his agency following a string of highly publicized lapses by air traffic controllers, including one this week involving a plane carrying first lady Michelle Obama. Read More »

West Coast shippers to South Ameriaca aided by ANS, Atlas Air

AJOT | April 24, 2011 | Air Cargo

The global air cargo expertise of Airline Network Services and Atlas Air has been joined to launch export air shipments from the West Coast to South American markets, according to an announcement by Jens Tubbesing, ANS's Chief Executive Officer. Noting th Read More »