Joanna Marsh
Tuesday, June 30, 2020
CN to invest $310 million in Ontario assets
The funding is part of CN’s capex budget for 2020.
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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Brian Straight
Monday, June 29, 2020
FreightWaves wins 4 Gold and 9 total Azbees for editorial excellence
FreightWaves has been honored with 9 Azbee Awards of Excellence, including four Gold Awards.
Joanna Marsh
Monday, June 29, 2020
CN plans nearly C$1 billion in capital projects
The railway is working on infrastructure improvements amid lower market demand because of the coronavirus.
Joanna Marsh
Friday, June 26, 2020
Savannah tops in agricultural exports in 2019
The Port of Savannah handled the most containerized agricultural export volumes last year among all U.S. ports, according to a national database.
Joanna Marsh
Thursday, June 25, 2020
Deficit gap narrows for weekly US rail volumes
Rail traffic continues to increase after bottoming out in April and May.
Joanna Marsh
Wednesday, June 24, 2020
CBP finds 48 alleged stowaways in BNSF, UP trains at border
Border agents found 48 stowaways attempting to enter the U.S. illegally at rail crossings at the El Paso, Texas, port of entry.
Joanna Marsh
Tuesday, June 23, 2020
Kansas City Southern anticipates lower 2Q revenue
Company cites sharp, pandemic-induced drop in rail volumes.
Joanna Marsh
Tuesday, June 23, 2020
Highway-rail grade crossings get attention in infrastructure bill
New provisions seek a comprehensive review of the U.S. grade crossing inventory.
Joanna Marsh
Monday, June 22, 2020
Rail groups gear up for infrastructure bill fight
Opposing sides shore up as the infrastructure bill gets folded into a trillion-dollar package.
Joanna Marsh
Friday, June 19, 2020
Feds issue final rule allowing liquefied natural gas by rail
The rule seeks to address Democrats’ concerns about the safety measures the railroads would take in transporting liquefied natural gas.
Joanna Marsh
Friday, June 19, 2020
US DOT grants benefit handful of freight rail projects
The rail-related projects awarded federal grants seek to expand infrastructure capacity in the Midwest, Tampa and Houston.
Joanna Marsh
Friday, June 19, 2020
Employee headcount at US Class 1 operations tumbles 17% in May
Pandemic-induced rail volume declines, operational changes among reasons for falling employment figures
Kim Link Wills
Thursday, June 18, 2020
South Carolina ports were on record pace before pandemic
Fiscal-year finish 50,000 containers below plan is forecast.
Joanna Marsh
Thursday, June 18, 2020
US rail volumes inch higher sequentially
Weekly rail traffic moved higher week-to-week amid growing builder confidence and higher retail sales in May. But will the upward trend last?
Todd Maiden
Wednesday, June 17, 2020
Deutsche Bank sees some winners as earnings season approaches
Deutsche Bank analyst Amit Mehrotra favors a few transportation stocks as the second quarter comes to a close.
Joanna Marsh
Wednesday, June 17, 2020
Norfolk Southern to idle Bellevue hump yard in Ohio
The yard was once the largest hump yard on the railroad’s network.
Joanna Marsh
Wednesday, June 17, 2020
OmniTRAX appoints former Union Pacific exec as chairman of its board
OmniTrax, a short line operator, says the appointment will help the company capitalize on customer interest for rail-based supply chains.
Kim Link Wills
Tuesday, June 16, 2020
Port of Savannah volume down 9.7%
On the plus side, the Appalachian Regional Port nearly doubles the number of containers handled.
Joanna Marsh
Tuesday, June 16, 2020
Rail unions seek to protect benefits from spending cuts
Rail unions don’t want unemployment and sickness benefits to be subject to government spending cuts.
Joanna Marsh
Tuesday, June 16, 2020
Class 1 railroads may make some cost-cutting measures permanent
Class 1 railroads reiterate that some measures they took to cut costs because of the coronavirus could become permanent.