Intermodal

News from the intermodal freight transportation industry.

CP Rail’s higher leverage puts pressure on risk spreads

Bloomberg | March 22, 2021 | Intermodal | Rail

Risk spreads on Canadian Pacific Railway Ltd.’s bonds are widening because the company’s plan to buy Kansas City Southern for $25 billion will push up debt ratios.

Transfix strengthens leadership team - appoints Lee as new CFO

AJOT Newsroom | March 22, 2021 | Intermodal | Trucking

Intermodal

Bloomberg | March 22, 2021

CP Rail’s CEO makes the $25 billion deal his mentor wouldn’t

Canadian Pacific Railways Ltd.’s Keith Creel for years followed in the footsteps of his mentor, Hunter Harrison, an industry legend whose revolutionary efficiency strategy became the standard at all the major North American railroads.

Goldman, BMO to provide $8.6 billion bridge loan on CP Rail deal to buy Kansas City Southern

Bloomberg | March 21, 2021 | Intermodal | Rail

Bank of Montreal and Goldman Sachs Group have committed to an $8.6 billion bridge loan for Canadian Pacific Railway Ltd. to help finance the purchase of Kansas City Southern, according to a person familiar with the matter.

Canadian Pacific said near $25 billion Kansas City Southern deal

Bloomberg | March 21, 2021 | Intermodal | Rail

Canadian Pacific Railway Ltd. has offered to buy Kansas City Southern for $25 billion, according to a person familiar with the transaction.

Executive leadership transition at Travero

AJOT Newsroom | March 19, 2021 | Intermodal | Trucking

ContainerPort Group expands again, opens 27th trucking terminal

AJOT Newsroom | March 19, 2021 | Intermodal | Ports & Terminals | Trucking

FedEx surges after strong quarter feeds a bullish outlook

FedEx rallies after is strong quarter feeds a bullish outlook

Bloomberg | March 19, 2021 | Intermodal | Trucking

France vows to make EU carbon border levy top green deal issue

EV makers fall on Lordstown SEC review, Nikola investor sale

Bloomberg | March 18, 2021 | Intermodal | Trucking

Polar Service Centers expands presence in Salt Lake Region

AJOT Newsroom | March 18, 2021 | Intermodal | Trucking

Polar Service Centers (PSC), the nation’s largest network of commercial parts and repair facilities dedicated to the tank trailer and tank truck industry, announces it has acquired Mountain States Trailer, a full-service tank trailer testing and repair facility in North Salt Lake, Utah.

Sierra Northern Railway Team awarded nearly $4,000,000 to build Hydrogen Switcher Locomotive

AJOT Newsroom | March 18, 2021 | Intermodal | Rail

The locomotive will show the potential of hydrogen fuel-cell technology to reduce transportation air pollutant and greenhouse gas (GHG) emissions.

Southeastern Freight Lines promotes Chris Rich to Service Center Manager in Birmingham, Alabama

Southeastern Freight Lines | March 18, 2021 | Intermodal | Trucking

Southeastern Freight Lines, the leading provider of regional less-than-truckload (LTL) transportation services, today announced Chris Rich has been promoted to service center manager in Birmingham, Alabama.

Bumper crops and stable trade boost prospects for Brazil railway

Bloomberg | March 17, 2021 | Intermodal | Rail

RBC testifies before bipartisan Senate panel: urges Congress to support closed-loop circular economy for next generation of vehicle batteries

AJOT Newsroom | March 17, 2021 | Intermodal | Trucking

Cargo Transporters introduces an All IN package for drivers

AJOT Newsroom | March 17, 2021 | Intermodal | Trucking

Cargo Transporters, Inc., an asset-based regional and national carrier, today announced a new ALL IN compensation package for new and current single and team drivers as part of focus and to provide drivers with personal flexibility and financial control.

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