Shareholders of Wabtec Corporation today approved the company's proposals at its annual meeting, and the company's Board of Directors approved a two-for-one stock split and a 60 percent dividend increase.
The overall U.S. intermodal index continued to inch down this week due to declines in three of the four main directional indices, according to data on all-inclusive 53-foot door-to-door spot pricing quoted by railroads and provided by the 3PL IDS.
Nordic Cold Storage has reached an agreement with South Carolina State Ports Authority to terminate the lease on its warehouse facility in Greer, S.C., clearing the way for a $43 million inland port to be built in its place.
Anyone with doubts of the U.S. Class I railroad industry¡¯s pricing power and improved efficiency, should look at the major carriers¡¯ first quarter financials.
EUROPE -The ongoing debate regarding the liberalisation of the road haulage market takes a new turn today as transport unions say they will 'storm' the European Commission with a barrage of complaints via e mail, fax and using social networking sites expressing the view that, three years into the adoption of the new road cabotage rules, the sector is not ready for more opening of the market.
U-Ocean, the oceanfreight forwarding brand of leading global freight and logistics provider the U-Freight Group (UFL), is on the move in The Netherlands, with U-Ocean Rotterdam relocating to a new office/warehouse facility.
Los Angeles City Council has voted to approve the BNSF Railway's US$500 million Southern California International Gateway (SCIG) project that will cut truck transits to four miles to rail yards, avoiding a 24-mile trek on major highways.
Swarco Traffic Americas has acquired the parking business unit from McCain for an undisclosed sum.
JCB has won an order for more than 800 machines from one of the UK's leading rental firms - a deal worth more than US$44 million (£27mn).
Euroports has agreed to sell Euroports Containers Meerhout, which operates the inland container terminal in Meerhout, Belgium, to Inland Terminals.
Effective May 13, Norfolk Southern's Memphis Regional Intermodal Facility in Rossville, Tenn., will be going livewith its automated gate system.
Genesee & Wyoming, a major owner of short line and regional railroads in North America with significant operations in Australia as well, showed a second continuous month of growth in April 2013.
Etihad Rail, the developer and operator of the United Arab Emirates¡¯ national railway network, has signed a memorandum of understanding with Hellmann Worldwide Logistics allowing Hellmann to use the rail network for its needs in the region.
MacAndrews, part of CMA CGM, has launched a refrigerated train service in Spain between Murcia and the Port of Bilbao.
DHL Global Forwarding, Freight has added two new services for intermodal shipments between Asia and Europe.
World's leading logistics facility developer and provider ProLogis has finished the first phase project of a new logistics park at Guangdong province's manufacturing city Zhongshan and held a promotional campaign, Xinhua reports.
The Far East subsidiary of international logistics services provider, Dachser, handled a total of 216,100 shipments, including air freight and sea freight, in its 2012 financial year
In 2012, Solaris Czech had two reasons to celebrate: its 10th anniversary and record sales on the Czech market.
The Victoria government in Australia has allocated over A$520m ($529m) in its 2013-14 budget to improve safety, reliability and capacity on the state's public transport network, according to Railway Technology.
Design, engineering and project management consultant Atkins has won a contract to design a new railway station in the Carlsberg district of Copenhagen, Denmark, according to Railway Technology.