Joanna Marsh
Wednesday, July 29, 2020
Pandemic puts pressure on Norfolk Southern
Second-quarter rail volumes fall by 26%.
Railroad
Railroads continue to play a significant role in North America’s economic infrastructure. According to the U.S. Department of Transportation Federal Railroad Administration, the U.S. rail freight network covers almost 140,000 route miles and is generally considered the largest, safest, and most cost-efficient freight system in the world. In addition, says the FRA, the almost $80 billion rail freight industry creates more than 167,000 jobs across the country.
In essence, rail freight companies charge businesses to carry cargo across their network of rails. Their rates are overseen by the Surface Transportation Board, a federal agency that regulates financial aspects of surface transportation. Major railroads in North America include Union Pacific Railroad, BNSF Railway, CSX, Norfolk Southern, Canadian Pacific Kansas City and Canadian National Railway.
Keep up with the latest news, trends and reports concerning rail freight transport here!
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Joanna Marsh
Tuesday, July 28, 2020
Wabtec anticipates market rebound in 2H
Rail equipment manufacturer Wabtect expects sequential rail volume gains to support the company’s global sales in the third and fourth quarters.
Kim Link Wills
Tuesday, July 28, 2020
Michelin rolling out tire distribution through South Carolina inland port
Supply chain strategy set “to seamlessly and efficiently import materials and export tires to global markets.”
FreightWaves Staff
Tuesday, July 28, 2020
Appellate court rules ADA class action certification improper in “fitness for duty” case
Fitness for duty policies should ensure that they do not impermissibly screen out certain disabilities or conditions, and that the tests or selection criteria are job related and are consistent with business necessity.
Joanna Marsh
Monday, July 27, 2020
Norfolk Southern names new chief operating officer
Former Union Pacific and CSX executive Cindy Sanborn will replace retiring COO Mike Wheeler.
Joanna Marsh
Monday, July 27, 2020
Shippers’ group urges Senate to confirm STB nominees
The nominations of a Republican and Democrat to the Surface Transportation Board are pending before the U.S. Senate Commerce Committee.
Kim Link Wills
Monday, July 27, 2020
Career Tracks: Virgin Hyperloop hires CFO
Raja Narayanan joins industry disrupter “at this pivotal time where the world is adapting to the new normal.”
Joanna Marsh
Friday, July 24, 2020
Frac sand losses hit Trinity’s bottom line
Trinity took a $369 million impairment charge because leasing small cube covered hoppers exposed the railcar lessor to the frac sand market.
Joanna Marsh
Friday, July 24, 2020
Union Pacific eyes highway-to-rail conversion opportunities
The western U.S. railroad looks to take more market share away from trucks.
Joanna Marsh
Thursday, July 23, 2020
Weekly US intermodal volumes narrow gap
Weekly volumes for U.S. intermodal units were only 1.7% lower than the same period in 2019.
Joanna Marsh
Thursday, July 23, 2020
Union Pacific’s second-quarter net profit slips 28%
Coronavirus pandemic and economic uncertainty weigh on UP’s second-quarter earnings.
Joanna Marsh
Thursday, July 23, 2020
CSX views 2H with guarded optimism
Volumes have been recovering swiftly, but headwinds make it difficult to predict when pre-coronavirus levels will fully return.
Joanna Marsh
Wednesday, July 22, 2020
CSX’s second-quarter net income falls 43%
The COVID-19 pandemic and a slumping economy dent CSX’s earnings.
Joanna Marsh
Wednesday, July 22, 2020
Canadian Pacific says mid-50s operating ratio within reach
Despite a 12% drawdown in volumes, CP reached a record second-quarter operating ratio of 57%.
Joanna Marsh
Wednesday, July 22, 2020
Canadian Pacific’s second-quarter net profit falls 12%
The COVID-19 pandemic dampened second-quarter revenue by 9%.
Joanna Marsh
Wednesday, July 22, 2020
CN eyes intermodal opportunities to boost 2H 2020
The expectation that North American consumers will help drive intermodal traffic comes as the railway’s second-quarter volumes were hit by the coronavirus pandemic.
FreightWaves Staff
Tuesday, July 21, 2020
FreightWaves 3PL Summit: Why you should be worried about freight markets (with video)
Jason Miller, associate professor at the Michigan State University Eli Broad College of Business, paints a bearish picture.
Joanna Marsh
Tuesday, July 21, 2020
Coronavirus pandemic wracks CN’s second-quarter profit
Unadjusted net income for the second quarter falls nearly 60% from the same period in 2019.
Joanna Marsh
Tuesday, July 21, 2020
Pandemic, economy and market oversupply weigh on GATX’s 2020 view
These factors are dampening lease rates and renewal activity, the company said during its second-quarter earnings call on Tuesday.
Chris Gillis
Tuesday, July 21, 2020
Kuehne + Nagel uses ‘agile structure’ to weather 1H 2020
The coronavirus’ whipsaw effect on the global supply chain took a toll on Kuehne + Nagel during the first half of 2020, but without a rapid internal response the hit would have been far worse, CEO Detlef Trefzger says.