Kim Link Wills
Tuesday, August 4, 2020
‘Land is plentiful’ for APM Terminals Mobile seaport growth
Two logistics parks are in operation nearby and more are to come in Alabama.
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
Monday, August 3, 2020
Canadian railways expect steady grain carload volumes in 2020-2021
Canadian Pacific’s and CN’s estimates of grain they expect to haul in 2020-2021 is in line with past projections.
Joanna Marsh
Monday, August 3, 2020
Infrastructure investment firms reportedly eye Kansas City Southern
A Wall Street Journal article suggested Global Infrastructure Partners and the Blackstone Group’s infrastructure segment are considering acquiring KCS.
Joanna Marsh
Saturday, August 1, 2020
Kansas eyes regulations governing train crew size
The proposed rule seeks to require trains operating in Kansas to have at least two crew members in the front locomotive.
Joanna Marsh
Friday, July 31, 2020
Rail stakeholders consider pressing for tax subsidies to scrap railcars
As U.S. weekly carloads have trended lower for months, rail industry stakeholders discuss how to relieve the railcar supply glut.
Todd Maiden
Thursday, July 30, 2020
Intermodal growth here to stay, says Hub Group
Hub Group’s second-quarter earnings beat was accompanied by the expectation for intermodal volume to increase in the high-single-digit range for the rest of the year.
Joanna Marsh
Thursday, July 30, 2020
Norfolk Southern seeks to boost its intermodal market share
The railroad aims to take market share away from trucks through expanded offerings in the Southwestern and Southeastern U.S.
Joanna Marsh
Thursday, July 30, 2020
CN invests $520 million in its US assets
The funding will be for capital and maintenance projects in eight states.
Joanna Marsh
Wednesday, July 29, 2020
Breaking News: Union Pacific train derails on bridge, causes partial bridge collapse
Incident happened Wednesday morning in Tempe, Arizona.
Joanna Marsh
Wednesday, July 29, 2020
Pandemic puts pressure on Norfolk Southern
Second-quarter rail volumes fall by 26%.
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.