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!
CN is seeking to generate CA$700 million in additional operating income in 2022 through cutting labor and operational costs and seeking pricing opportunities.
Expanding intermodal, grain and automotive offerings would be part of the growth strategy pursued by a merged Kansas City Southern-Canadian Pacific.
Recent rail news includes investments, technology purchases and cleanup fees.
The Department of Transportation seeks “practical solutions” from the freight industry to alleviate container shortages and supply chain chokepoints.
Kansas City Southern returns to its old flame and opts to merge with Canadian Pacific. Rival railway CN acknowledges its merger plans have been scrapped.
August was a record month for the Port of Virginia in Norfolk, and the trend of higher year-over-year volumes could persist through the rest of 2021 as peak season approaches.
The three have signed agreements committing to work together on developing advanced locomotive power technologies.
August data from Cass shows freight expenditures extend their torrid pace. Freight demand remains high but a lack of capacity is constraining shipment growth.
Major CN shareholder TCI Fund Management wants CN’s board to have more operational experience. The company is also still pushing for the removal of CN’s current CEO.
Kansas City Southern is returning to its original merger partner after federal regulators rejected CN’s proposed voting trust, which would’ve been used to acquire KCS.
Labor and chassis shortages, as well as congestion in the wider supply chain, have contributed to lower U.S. intermodal traffic compared with a year ago.
Container volumes were “strong” in August amid continued retail import volume growth at the Port of Charleston, the South Carolina Ports Authority said.
Work-related fatalities for trucking and delivery driver jobs increased 4% year-over-year in 2019, when 1,005 drivers were killed on the nation’s streets and highways.
The Nevada Governor’s Office of Economic Development and OnTrackNorthAmerica have formed the Southwest Supply Chain Coalition as a way to develop a regional approach to supply chain infrastructure investments.
The Vancouver transload facility will primarily handle fast-moving consumer goods and auto parts.
Hyperloop is a proposed high-speed ground transportation system for passengers and commercial cargo moving at speeds up to 745 mph and powered by emission-free renewable energy, according to Swisspod.
Kansas City Southern shareholders pushed back a vote on whether to approve CN’s merger agreement to Sept. 24.
The agency is seeking comments from freight railroads on whether it should collect data pertaining to first- and last-mile movements.
Stakeholders and observers such as Amtrak, Canadian Pacific and the Vermont Department of Transportation want the Surface Transportation Board to consider placing conditions that would bolster both competitive access and passenger rail service.
Kansas City Southern shareholders must decide whether to continue to pursue merger plans with CN or go with Canadian Pacific.
