Intermodal

News from the intermodal freight transportation industry.

Intermodal

Bloomberg | December 17, 2021

VW bets on Scania to lead Traton’s challenge of Daimler, Volvo

Traton SE is banking on its Swedish Scania brand, one of the world’s most profitable truck makers, to beat a path to challenging industry leaders Daimler Truck AG and Volvo AB with newcomers like Nikola Corp. also making a push.

FedEx surges after higher rates boost profit, ease labor worries

Volvo Group, Daimler Truck, and the TRATON GROUP sign joint venture agreement for European high-performance charging network

AJOT Newsroom | December 16, 2021 | Intermodal | Trucking

Intermodal

Bloomberg | December 16, 2021

Tiger, SoftBank lead round for Latin American logistics startup

As supply chains around the world struggle to deliver goods on time, Tiger Global Management LLC and SoftBank Group Corp are backing a Latin American logistics startup specializing in digital freight forwarding with plans to expand rapidly in Brazil in 2022.

Ryder CMO & head of new products Jones to kickoff CES® 2022 with opening panel insights on supply chain innovation

AJOT Newsroom | December 16, 2021 | Intermodal | Trucking

Lanefinder enters into the insurance business leveraging its hiring marketplace advantage

AJOT Newsroom | December 16, 2021 | Intermodal | Trucking

$40 million Series B funding round propels Dray Alliance to transform port technology in US

AJOT Newsroom | December 15, 2021 | Intermodal | Trucking

Dray Alliance’s digital platform leverages data, automation, and a mobile app for truckers to deliver shipping containers more efficiently for some of the largest brands in the country. Now with the backing of several investors, Dray Alliance can continue to expand upon its sophisticated, yet easy to use, technological offerings.

Graves statement on Amtrak reversal of planned vaccine mandate-induced service cuts

AJOT Newsroom | December 15, 2021 | Intermodal | Rail

Amtrak announced that it will abandon plans to lay off workers and cut passenger rail service, which would have been necessary to comply with the Biden administration’s vaccine mandate. Amtrak will instead focus on required testing for unvaccinated employees.

EU wants a Rail renaissance to help de-carbonize transport

Bloomberg | December 14, 2021 | Intermodal | Rail

J.B. Hunt participates in Wreaths Across America for 8th consecutive year

AJOT Newsroom | December 14, 2021 | Intermodal | Trucking

Canadian Pacific and Kansas City Southern close into voting trust

AJOT Newsroom | December 14, 2021 | Intermodal | Rail | By The Numbers

Canadian Pacific Railway Limited (“CP”) announced the completion of its acquisition of Kansas City Southern (“KCS”). The transaction represents an enterprise value of approximately US$31 billion.

Eurowagon expands safety portfolio with Nexxiot’s unique Kingpin Innovation

AJOT Newsroom | December 14, 2021 | Intermodal | Rail

Progressive Polish freight wagon lessor Eurowagon and cutting-edge digitization company Nexxiot are collaborating further by launching new ‘safety-centric’ digital products and services. Eurowagon, established in 2018, has rapidly become the leading freight car rental company in Poland.

FTR’s Trucking Conditions Index for October falls due to a surge in diesel prices

AJOT Newsroom | December 13, 2021 | Intermodal | Trucking | By The Numbers

Had fuel prices been a neutral factor, the change in the index from September’s 11.79 reading would have been negligible.

CFI Associates Raise $39,000 in Donations

AJOT Newsroom | December 13, 2021 | Intermodal | Trucking

Associates of CFI, an operating company of TFI International Inc., a North American leader in the transportation and logistics industry, have raised $39,000 which will go to supporting local charities in communities where CFI employees live and work across the U.S., Canada and Mexico.

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