Transcontainer doubles H1 net ahead of IPO

AJOT | October 27, 2010 | Intermodal

Russia's Transcontainer more than doubled first-half net profit ahead of a London and Moscow IPO in which state-controlled parent Russian Railways hopes to earn up to $481 million by selling a nearly 35 percent stake. Read More »

Old Dominion profit tops Wall Street view

AJOT | October 27, 2010 | Intermodal

U.S. trucker Old Dominion Freight Line said profit more than doubled in the third quarter, topping analysts' expectations, on rising demand for hauling services and higher pricing. Read More »

CP Railway operating profit climbs

AJOT | October 27, 2010 | Intermodal

Canadian Pacific Railway reported a 28 percent jump in quarterly operating, on the back of increased freight revenue. Read More »

CN Rail profit beats market, predicts strong Q4

AJOT | October 27, 2010 | Intermodal

Canadian National Railway Co reported a better-than-expected 21 percent jump in its third-quarter profit and predicted a strong end to the year if the economy continues to hold up.

But CN, Canada's biggest railway, did not raise its earnings Read More »

CN reaches tentative agreement with union representing engineers on NQISL

AJOT | October 27, 2010 | Intermodal

CN announced that it has reached a tentative labor agreement with the Teamsters Canada Rail Conference (TCRC) union representing locomotive engineers who work on the Company's Northern Quebec Internal Short Line (NQISL). Read More »

Norfolk Southern Q3 profit tops forecasts

AJOT | October 27, 2010 | Intermodal

U.S. railroad Norfolk Southern Corp reported a higher-than-expected third quarter profit as volumes grew for the fifth straight quarter.

"We continue to see an economy characterized by slow growth, but growth nonetheless," Chief Executive Wic Read More »

Major public-private partnership brings cleaner air to Maryland

AJOT | October 27, 2010 | Intermodal

Public and private sector representatives have unveiled the state's first ultra-low emission GenSet locomotive at an event at Baltimore's Camden Station. Jointly funded by the U.S. Environmental Protection Agency (EPA) and CSX, the locomotive will be used Read More »

Russia’s TransContainer eyes up to $481 mln from IPO

AJOT | October 27, 2010 | Intermodal

Russian Railways unit TransContainer is looking to raise up to $481 million from an initial public offering (IPO) of a nearly 35 percent stake as part of a big asset sale aimed at modernising the infrastructure giant.

The state rail monopoly Read More »

China says rare earths no

AJOT | October 27, 2010 | International Trade

China will not use its dominance of global rare earths supplies as a "bargaining tool" with foreign economies, a spokesman for the country's Ministry of Industry and Information Technology said. Read More »

Retailers look beyond BRICs for growth

AJOT | October 27, 2010 | International Trade

Retailers are looking beyond the big emerging markets of Brazil, Russia, India and China (BRICs) as they hunt for growth amid signs that spending in U.S. and western European markets will remain subdued for some time.

Executives and economist Read More »

Six US companies win Sudan farming export licences

AJOT | October 27, 2010 | International Trade

Six U.S. firms have won export licences to Sudan under an easing of sanctions on the agriculture sector, a major step forward to create large-scale mechanised farms, the head of Sudan's largest sugar firm said.

Kenana Managing Director Mohame Read More »

EU investigates Chinese screw exports via Malaysia

AJOT | October 27, 2010 | International Trade

The European Union's executive has begun investigating whether Chinese exporters are using Malaysia as an illegal transhipment hub to evade EU import duties on steel screws and bolts, the EU said.

"The (EU executive) Commission has at its dis Read More »

Obama to push trade, currency issues in India visit

AJOT | October 27, 2010 | International Trade

U.S. President Barack Obama faces a range of trade hurdles when he travels to India in early November to unlock a huge untapped commercial potential that would help ballast the rise of Asian giant China. Read More »

EU launches five-year tariff on Chinese car wheels

AJOT | October 27, 2010 | International Trade

The European Union has imposed five-year tariffs on Chinese aluminium car wheels it says are being dumped on the EU market, it said.

The 22.3 percent duty comes despite fierce political lobbying and opposition from EU car makers who import th Read More »

Brazil wants IMF-led FX manipulation index

AJOT | October 27, 2010 | International Trade

Brazil's Finance Minister Guido Mantega will propose at the Group of 20 nations meeting next month that the International Monetary Fund create an index measuring currency manipulation, local media reported.

The idea is to identify who is keep Read More »

Cargo activity continues to stabilize at Rickenbacker Airports

AJOT | October 27, 2010 | Air Cargo

Cargo activity at Rickenbacker International Airport indicate a modest increase thus far in 2010.

At Rickenbacker International Airport over 12.5 million pounds of cargo moved through the airport in September for a 1.5 percent decrease compar Read More »

Chile’s airline LAN Q3 net profit more than doubles

AJOT | October 27, 2010 | Air Cargo

Chile's dominant airline LAN said on Tuesday its third quarter net profit more than doubled from a year ago to $106.2 million on the strength of its passenger and cargo business. Read More »

Emirates boosts operations to Saudi Arabia

AJOT | October 27, 2010 | Air Cargo

Emirates Airline today announced plans to advance its existing operations in the Kingdom of Saudi Arabia with an additional 10 services per week to Riyadh and Jeddah, highlighting the increased economic ties between the UAE and Saudi Arabia. Read More »

Air France-KLM raises full-year earnings guidance

AJOT | October 27, 2010 | Air Cargo

Air France KLM , Europe's largest airline, said it would raise its full-year earnings expectations based on revenue performance in recent months and forward bookings.

The airline, which has been hit both by a volcanic ash cloud that closed ai Read More »

Lufthansa upbeat on 2011 as premium demand returns

AJOT | October 27, 2010 | Air Cargo

Deutsche Lufthansa AG expects business to remain strong into 2011 after demand for international premium class travel and cargo services improved in the third quarter, the airline said.

"Average yields went up significantly in all long-haul r Read More »