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Explore the world of ground transport news - from trucks to railroads, intermodal connections, and port ties. Daily insights on US and global shipments.
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News & Analysis
Stealing the Goods
Stephanie Nall |
Cargo thefts escalated as the economy slumped over the past two years, with 879 incidents reported in the U.S., according to Freightwatch International.
Transport, Trade and Regulation News
Trucking News
Universal Truckload Acquisitions Boost Revenue
Thomas L. Gallagher |
Universal Truckload Services earned $2.1 million in net profit in the 13 weeks ended April 30, almost entirely from sales of marketable securities.
Trucking News
Truck brokers
Trucker Vitran Says Pricing Stabilizing
JOC Staff |
Toronto-based trucker Vitran says price discounting in the less-than-truckload world appears to be leveling off, helping the carrier improve its financial picture this year.
Trucking News
LTL
Traffic Hits New Peak for Short Lines
John D. Boyd |
With demand for construction materials growing as the building season heats up, small railroads in the United States and Canada had their strongest weekly traffic count in more than a year.
Rail News
Greenbrier, Ross Combine on Railcar Fleet Buy
John D. Boyd |
Railcar manufacturer and lessor Greenbrier Companies and investment firm WL Ross said they formed a new entity that bought a 4,000-railcar lease fleet that is valued around $230 million.
Rail News
Nearly All Top Railroads Add Jobs in March
John D. Boyd |
Marking a sharp change in the pattern that dominated the rail industry during the recession, nearly every Class I railroad operating in the United States increased employment by the time they made the
Rail News
North-American rail
Canada Offers $550 Million toward New Bridge
Courtney Tower |
OTTAWA — Canada offered the state of Michigan up to $550 million as a sweetener to get the legislature to give final approval to the building of a controversial new bridge between Detroit and Wi
Transport, Trade and Regulation News
Trucking News
Freight Volume Expands Again for Large Railroads
John D. Boyd |
The major railroads of North America are enjoying a steady surge in freight shipments that is showing up in a range of industrial commodities and factory products.
Rail News
North-American rail
Genesee Short Line Profit Rises 15 Percent
John D. Boyd |
Genesee & Wyoming -- an operator of short line railroads in North America, Australia and the Netherlands – saw first-quarter profit rise 15 percent to $16 million while the appreciation of f
Rail News
American RailCar Posts First Quarter Loss
John D. Boyd |
American Railcar Industries posted a $7 million loss in the first quarter, but President and CEO James Cowan said bid requests are coming in for new car builds while demand has been strong for various
Rail News
Halifax Sets Supply-Chain Performance Standards
Peter T. Leach |
The Halifax Port Authority said it reached agreement with its two main container terminal operators, Cerescorp and Halterm, on setting performance standards designed to increase the speed of the impor
Maritime
Forwarding
North-American rail
RailAmerica Loses $2.5 Million in First Quarter
John D. Boyd |
RailAmerica, one of the largest operators of North American short line railroads, lost $2.5 million in the first three months of 2010 but saw business turning higher in some key ways.
Rail News
S&P Sees Uneven Transportation Recovery
Joseph Bonney |
North American transportation companies are seeing initial, uneven signs of increasing demand but most remain cautious about declaring that a broad and sustained recovery is at hand, Standard & Po
Transport, Trade and Regulation News
Maritime
Air Cargo
Trucking News
Rail News
Trinity Profit Falls 94 Percent to $2 Million
John D. Boyd |
Trinity Industries, North America’s largest freight railcar builder, saw its rail business lose more money in the first quarter while its overall profit shrank by 94 percent to $2 million.
Rail News
P.A.M. Transportation Gains Customers, Revenue Soars
Thomas L. Gallagher |
Truckload carrier P.A.M.
Trucking News
Trucker Averitt Launches Intermodal Service
John D. Boyd |
Averitt Express added intermodal trailer and container operations to its line of trucking and other services as part of its “full-load/volume transportation” package for customers.
Trucking News
LTL
North-American rail
NAFTA Trade Soars Record 24.1 Percent
Thomas L. Gallagher |
Surface trade with Canada and Mexico rose for the third consecutive month in February, surging a record 24.1 percent compared with the previous February, one of the slowest months of the recession.
Transport, Trade and Regulation News
Trucking News
Teamsters Launch Drive on FedEx Labor Coverage
R.G. Edmonson |
The Teamsters on Wednesday launched a multimedia blitz to push Congress to change federal law that makes it tougher organize FedEx Express drivers.
Transport, Trade and Regulation News
Air Cargo Forwarder News
Trucking labor
Canadian Pacific Profit Surges 74 Percent
Thomas L. Gallagher |
Canadian Pacific Railway boosted profit 74 percent in the first quarter as an improved economy sparked higher revenue and lower expenses.
Rail News
North-American rail
Old Dominion Freight Line Profit Jumps 93 Percent
Thomas L. Gallagher |
Old Dominion Freight Line profit jumped 93 percent in the first quarter, the first year-over-year increase since the third quarter of 2008.
Trucking News
LTL
Concor Annual Profit Falls 2 Percent
JOC Staff |
Net profit for Container Corporation of India fell 2 percent from a year earlier to $177 million in fiscal 2009-10 ended March 31, despite a 6.5-percent increase in overall revenue.
Rail News
Truck Rates Primed to Rise
William B. Cassidy |
Trucking rates have nowhere to go but up, and they’re ready now, several speakers told freight shippers Tuesday at NASSTRAC's annual conference.
Trucking News
LTL
Norfolk Southern Profit Jumps 45 Percent
John D. Boyd |
Norfolk Southern Railway’s first-quarter profit soared 45 percent over a year earlier to $257 million, while operating revenue swelled 15 percent to $2.238 billion.
Rail News
North-American rail
Engine Maker Cummins Boosts Profit in First Quarter
Thomas L. Gallagher |
Truck engine manufacturer Cummins earned net income attributable to the company of $149 million in the first quarter, a significant improvement on the $7 million earned in the same quarter a year earl
Trucking News
Railroad Study Assails Positive Train Control
John D. Boyd |
The railroad industry handed rail safety regulators a new study that contradicts one offered by chlorine shippers, arguing that the high costs to railroads of installing federally mandated crash-avoid
Rail News
North-American rail
FedEx Freight May Put Shipments on Rail in Future
William B. Cassidy |
Trucking company FedEx Freight, which has pointedly rejected rail transport in the past, could switch and turn to intermodal in coming years if the price is right and customers want the option.
Trucking News
LTL
KCS Swings to Profit on 26 Percent Revenue Jump
John D. Boyd |
Kansas City Southern, the smallest of the North American Class I railroads, posted a $32.6 million profit in the first quarter after an $8.1 million loss a year earlier, as revenue leaped 26 percent t
Rail News
North-American rail
Truckload Carrier Celadon Swings to Profit
Thomas L. Gallagher |
Renewed demand added to loaded miles for Celadon, lifting revenue in the company’s fiscal third quarter and helping the truckload carrier to earn a small profit.
Trucking News
Carriers Warn Against Anti-Truck Policies
William B. Cassidy |
Trucking executives say they are increasingly concerned that federal transportation policies could lead to underinvestment in highways, roads and bridges.
Trucking News
LTL
Canadian National Net Jumps 21 Percent
John D. Boyd |
Canadian National Railway’s net profit grew 20.5 percent in the first quarter from the recession period a year earlier as revenue grew 5.7 percent and the carrier reported a 1.2 percent drop in
Rail News
North-American rail
Emission Regulation Adds to Trucker Costs
John D. Boyd |
Truckload carrier USA Truck says the new emission regulation that took place starting in January is affecting its equipment costs and replacement strategy.
Trucking News
Diesel Edges Up for Fourth Week
Thomas L. Gallagher |
The average price of diesel edged up four-tenths of a cent to $3.078 per gallon last week, according to the U.S. Energy Information Administration.
Trucking News
Ryder Profit Jumps 82 Percent
Thomas L. Gallagher |
Ryder System net profit soared 82 percent in the first quarter to $12.4 million, bouncing back from a deep decline in the recession.
Trucking News
USA Truck Loss Rises 59 Percent to $3 Million
John D. Boyd |
Dry-van truckload carrier USA Truck saw its first-quarter net loss expand 59 percent from a year earlier to $2.9 million but said it is making headway on diversifying the revenue stream and increasing
Trucking News
DOT Stimulus Payouts Reach $10.9 Billion
John D. Boyd |
The Department of Transportation’s total spending under the economic stimulus package reached $10.893 billion as of April 16, up $456 million since the end of March.
Transport, Trade and Regulation News
Trucking News
Truckers Help Police Nab Two in Drug Bust
William B. Cassidy |
ABF Freight System workers in Connecticut were credited with helping police seize 13.5 pounds of marijuana and arrest two people on drug charges.
Trucking News
LTL
Giving Employees Incentive to Profit
William B. Cassidy |
ABF Freight System’s tentative labor accord tries to dull the pain of wage cuts by promising employees payback for profit.
Trucking News
Trucking labor
Intermodal’s Domestic Uprising
Bill Mongelluzzo |
While other transportation modes were losing market share last year during the freight recession, domestic intermodal was growing. Now that most of the indicators in the U.S.
Rail News
Truckload Carriers Regain Ground
William B. Cassidy |
The economic recovery increasingly is showing up on highways, on loading docks, in trailers and on the bottom lines of two of the largest truckload carriers, giving credence to claims the freight econ
Trucking News
A DOT Fix for Funding?
John D. Boyd |
State agencies, freight railroads, transit operators and intermodal project planners could tap an expanded rail loan program or visit a new one-stop financial aid shop if Department of Transportation
Transport, Trade and Regulation News
Rail News
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