Are geopolitics fueling US rail freight gains?
Grain shipments posted another strong week as U.S. rail freight edged ahead of year-ago levels.
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!
Grain shipments posted another strong week as U.S. rail freight edged ahead of year-ago levels.
Union Pacific CEO Jim Vena responded to negative reaction to the proposed rail merger with Norfolk Southern, saying critics should look past history — and his own numbers — to see how the transcontinental tie-up will reshape the U.S. supply chain for the better.
Truck transportation jobs took a slight dip in February.
Intermodal trailed carload traffic on U.S. railroads in the latest data from the the Association of American Railroads
Railroads took over Capitol Hill for an annual lobby day, taking their plea for an increase in a critical tax credit directly to Congress.
Laredo secured the biggest share of Texas’ inaugural rail crossing separation grants, positioning the border hub to boost freight velocity.
Wabtec and Progress Rail settle a lawsuit alleging anti-competitive behavior in the rail locomotive market.
New Berkshire Hathaway CEO Greg Abel said that BNSF Railway must reduce its operating-ratio gap with other Class I railroads.
Freight on U.S. railroads posted robust weekly gains led by higher energy and metals shipments.
An Arkansas port plans to expand rail capacity as part of its multi-million dollar flood rebuilding project.
Jill Medeiros is the new Chief Administrative Officer for the railroad industry’s Short Line Safety Institute.
CSX Chief Executive Steve Angel says it should be no surprise that railroads are struggling to grow their freight volumes. “When you look around the world, there really isn’t much growth,” Angel told an investor conference in his first detailed public remarks outside of earnings calls since becoming CEO in September. China is no longer […]
BNSF Railway reached a five-year agreement with union employees at four intermodal terminals.
Cando Rail & Terminals is acquiring Savage Rail to create a far-reaching North American market in first and last mile rail operating services and terminal infrastructure.
Rival railroad CEO says the STB’s rejection of the initial UP-NS merger application shows the $85 billion deal is not a certainty.
A better than 1300% increase in grain shipments led a winning week for freight moving by rail in the U.S.
Norfolk Southern and CMA CGM are offering a new door-to-door intermodal service incorporating rail’s reach with truckload simplicity.
Union Pacific delayed its revised merger application with Norfolk Southern after regulators clarified data formatting requirements, its CEO said.
Union Pacific and Norfolk Southern set a new date to file their revised merger application with regulators.
Rail freight demand hinges on sustained manufacturing, trade policy, and labor market developments, according to AAR.